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Financial Guaranty Insurance Contracts (Details 13) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Y
contract
Dec. 31, 2010
Y
contract
Dec. 31, 2009
Reserves (salvage)      
Total BIG, Net $ 86.1 $ (393.6)  
Effect of consolidating FG VIEs (196.5) 42.7  
Total 282.6 (350.9)  
Financial Guaranty
     
Number of risks      
Total BIG, Net (in contracts) 368 332  
Total (in contracts) 368 332  
Remaining weighted average contract period      
Total BIG, Net (in years) P10.1Y P9.6Y  
Total (in years) 10.1 9.6  
Principal      
Total BIG, Net 20,153.4 18,447.1  
Total 20,153.4 18,447.1  
Interest      
Total BIG, Net 8,903.8 7,854.2  
Total 8,903.8 7,854.2  
Total net outstanding exposure      
Total BIG, Net 29,057.2 26,301.3  
Total 29,057.2 26,301.3  
Expected cash outflows (inflows)      
Total BIG, Net 5,074.4 4,374.8  
Effect of Consolidating VIEs (998.4) (384.2)  
Total 4,076.0 3,990.6  
Potential recoveries      
Total BIG, Net (4,115.0) (3,200.3)  
Effect of Consolidating VIEs 1,059.8 354.8  
Total (3,055.2) (2,845.5)  
Subtotal      
Total BIG, NET 959.4 1,174.5  
Effect of Consolidating VIEs 61.4 (29.4)  
Total 1,020.8 1,145.1  
Discount      
Total BIG, Net (321.4) (765.7)  
Effect of Consolidating VIEs 45.3 (19.8)  
Total (276.1) (785.5)  
Present value of expected cash flows      
Total BIG, Net 638.0 408.8 1,066.4
Effect of Consolidating VIEs 106.7 (49.2)  
Total 744.7 359.6  
Deferred premium revenue      
Total BIG, Net 1,325.5 1,570.3  
Effect of Consolidating VIEs (390.7) (263.9)  
Total 934.8 1,306.4  
Reserves (salvage)      
Total BIG, Net 84.2 (395.7)  
Effect of consolidating FG VIEs 196.5 42.7  
Total 280.7 (353.0)  
Financial Guaranty | BIG 1
     
Number of risks      
Gross (in contracts) 171 119  
Ceded (in contracts) (68) (45)  
Remaining weighted average contract period      
Gross (in years) P9.8Y P11.7Y  
Ceded (in years) P9.2Y P16.0Y  
Principal      
Gross 10,005.0 6,173.0  
Ceded (1,382.8) (723.3)  
Interest      
Gross 4,378.5 3,599.5  
Ceded (486.8) (580.4)  
Total net outstanding exposure      
Gross 14,383.5 9,772.5  
Ceded (1,869.6) (1,303.7)  
Expected cash outflows (inflows)      
Gross 1,730.6 303.9  
Ceded (658.8) (20.2)  
Potential recoveries      
Gross (1,798.0) (375.2)  
Ceded 664.0 37.4  
Subtotal      
Gross (67.4) (71.3)  
Ceded 5.2 17.2  
Discount      
Gross 15.7 (21.0)  
Ceded (4.6) (5.5)  
Present value of expected cash flows      
Gross (51.7) (92.3)  
Ceded 0.6 11.7  
Deferred premium revenue      
Gross 260.8 169.9  
Ceded (69.1) (16.9)  
Reserves (salvage)      
Gross (96.6) (112.9)  
Ceded 6.9 12.4  
Financial Guaranty | BIG 2
     
Number of risks      
Gross (in contracts) 71 98  
Ceded (in contracts) (26) (42)  
Remaining weighted average contract period      
Gross (in years) P12.2Y P8.4Y  
Ceded (in years) P18.9Y P7.9Y  
Principal      
Gross 4,518.7 5,899.3  
Ceded (304.3) (182.8)  
Interest      
Gross 3,104.9 2,601.6  
Ceded (411.9) (70.9)  
Total net outstanding exposure      
Gross 7,623.6 8,500.9  
Ceded (716.2) (253.7)  
Expected cash outflows (inflows)      
Gross 1,833.3 2,036.6  
Ceded (120.3) (68.9)  
Potential recoveries      
Gross (1,079.3) (533.0)  
Ceded 38.5 16.6  
Subtotal      
Gross 754.0 1,503.6  
Ceded (81.8) (52.3)  
Discount      
Gross (240.6) (613.2)  
Ceded 31.6 21.5  
Present value of expected cash flows      
Gross 513.4 890.4  
Ceded (50.2) (30.8)  
Deferred premium revenue      
Gross 280.9 572.4  
Ceded (12.3) (30.3)  
Reserves (salvage)      
Gross 319.5 424.4  
Ceded (41.9) (9.5)  
Financial Guaranty | BIG 3
     
Number of risks      
Gross (in contracts) 126 115  
Ceded (in contracts) (48) (42)  
Remaining weighted average contract period      
Gross (in years) P9.1Y P8.8Y  
Ceded (in years) P6.4Y P6.0Y  
Principal      
Gross 7,948.8 7,954.5  
Ceded (632.0) (673.6)  
Interest      
Gross 2,489.2 2,490.7  
Ceded (170.1) (186.3)  
Total net outstanding exposure      
Gross 10,438.0 10,445.2  
Ceded (802.1) (859.9)  
Expected cash outflows (inflows)      
Gross 2,423.0 2,256.6  
Ceded (133.4) (133.2)  
Potential recoveries      
Gross (2,040.5) (2,543.6)  
Ceded 100.3 197.5  
Subtotal      
Gross 382.5 (287.0)  
Ceded (33.1) 64.3  
Discount      
Gross (125.1) (139.6)  
Ceded 1.6 (7.9)  
Present value of expected cash flows      
Gross 257.4 (426.6)  
Ceded (31.5) 56.4  
Deferred premium revenue      
Gross 991.8 995.9  
Ceded (126.6) (120.7)  
Reserves (salvage)      
Gross (110.2) (815.9)  
Ceded $ 6.5 $ 105.8