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Financial Guaranty Contracts Accounted for as Insurance (Details 12) (USD $)
In Millions, unless otherwise specified
6 Months Ended 12 Months Ended
Jun. 30, 2011
Y
Contracts
Dec. 31, 2010
Y
Contracts
Jun. 30, 2010
Dec. 31, 2009
Reserves (salvage)        
Total BIG, Net $ 92.1 $ (405.0)    
Effect of consolidating FG VIEs (128.1) (42.7)    
Total 220.2 (362.3)    
BIG 1 | Financial Guaranty
       
Number of risks        
Gross 151 120    
Ceded (60) (46)    
Remaining weighted average contract period        
Gross (in years) 11.5 11.7    
Ceded (in years) 14.8 15.9    
Principal        
Gross 7,724.4 6,246.5    
Ceded (847.40) (726.00)    
Interest        
Gross 4,074.5 3,622.7    
Ceded (655.8) (581.3)    
Total net outstanding exposure        
Gross 11,798.9 9,869.2    
Ceded (1,503.2) (1,307.3)    
Expected cash flows        
Gross 228.5 303.9    
Ceded (8.4) (20.2)    
Less: Potential recoveries        
Gross 378.2 375.2    
Ceded (26.9) (37.4)    
Discount        
Gross (42.3) 21.0    
Ceded 1.1 5.5    
Present value of expected cash flows        
Gross (107.4) (92.3)    
Ceded 17.4 11.7    
Deferred premium revenue        
Gross 141.8 169.9    
Ceded (14.4) (16.9)    
Reserves (salvage)        
Gross (115.9) (112.9)    
Ceded 17.9 12.4    
BIG 2 | Financial Guaranty
       
Number of risks        
Gross 84 97    
Ceded (29) (41)    
Remaining weighted average contract period        
Gross (in years) 9.3 8.5    
Ceded (in years) 7.1 8.0    
Principal        
Gross 5,245.6 5,825.8    
Ceded (207.50) (180.10)    
Interest        
Gross 2,566.7 2,578.5    
Ceded (70.4) (70.1)    
Total net outstanding exposure        
Gross 7,812.3 8,404.3    
Ceded (277.9) (250.2)    
Expected cash flows        
Gross 1,548.4 2,019.8    
Ceded (85.8) (68.9)    
Less: Potential recoveries        
Gross 633.7 533.0    
Ceded (23.4) (16.6)    
Discount        
Gross 441.9 610.4    
Ceded (38.3) (21.5)    
Present value of expected cash flows        
Gross 472.8 876.4    
Ceded (24.1) (30.8)    
Deferred premium revenue        
Gross 357.7 569.8    
Ceded (23.4) (30.3)    
Reserves (salvage)        
Gross 281.4 413.0    
Ceded (14.6) (9.5)    
BIG 3 | Financial Guaranty
       
Number of risks        
Gross 129 115    
Ceded (51) (42)    
Remaining weighted average contract period        
Gross (in years) 8.7 8.8    
Ceded (in years) 6.0 6.0    
Principal        
Gross 8,102.6 7,954.5    
Ceded (678.40) (673.60)    
Interest        
Gross 2,343.8 2,490.7    
Ceded (178.3) (186.3)    
Total net outstanding exposure        
Gross 10,446.4 10,445.2    
Ceded (856.7) (859.9)    
Expected cash flows        
Gross 2,715.3 2,256.6    
Ceded (144.3) (133.2)    
Less: Potential recoveries        
Gross 2,229.6 2,543.6    
Ceded (103.8) (197.5)    
Discount        
Gross 83.1 139.6    
Ceded 7.8 7.9    
Present value of expected cash flows        
Gross 402.6 (426.6)    
Ceded (48.3) 56.4    
Deferred premium revenue        
Gross 1,084.6 995.9    
Ceded (129.9) (120.7)    
Reserves (salvage)        
Gross (86.3) 815.9    
Ceded (7.5) 105.8    
Financial Guaranty
       
Number of risks        
Total BIG, Net 364 332    
Total 364 332    
Remaining weighted average contract period        
Total BIG, Net (in years) 9.8 9.6    
Total (in years) 9.8 9.6    
Principal        
Total BIG, Net 19,339.3 18,447.1    
Total 19,339.3 18,447.1    
Interest        
Total BIG, Net 8,080.5 7,854.2    
Total 8,080.5 7,854.2    
Total net outstanding exposure        
Total BIG, Net 27,419.8 26,301.3    
Total 27,419.8 26,301.3    
Expected cash flows        
Total BIG, Net 4,253.7 4,358.0    
Effect of Consolidating VIEs (593.8) (384.2)    
Total 3,659.9 3,973.8    
Less: Potential recoveries        
Total BIG, Net 3,087.4 3,200.3    
Effect of Consolidating VIEs (588.2) (354.8)    
Total 2,499.2 2,845.5    
Discount        
Total BIG, Net 453.3 762.9    
Effect of Consolidating VIEs (11.2) 19.8    
Total 442.1 782.7    
Present value of expected cash flows        
Total BIG, Net 713.0 394.8 753.3 1,027.0
Effect of Consolidating VIEs 5.6 (49.2)    
Total 718.6 345.6    
Deferred premium revenue        
Total BIG, Net 1,416.4 1,567.7    
Effect of Consolidating VIEs (420.9) (263.9)    
Total 995.5 1,303.8    
Reserves (salvage)        
Total BIG, Net 90.0 (407.1)    
Total $ 218.1 $ (364.4)