Consolidation of Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2011

Consolidation of Variable Interest Entities

Consolidated FG VIEs By Type of Collateral

	As of September 30, 2011					As of December 31, 2010(restated)
	Numbers of VIEs	Assets		Liabilities		Number of VIEs	Assets		Liabilities
	(in millions)
HELOCs	8	$	651.6	$	1,027.1	8	$	857.1	$	1,126.1
First liens:
Alt-A	3	155.1		145.4			—		—
Subprime	5	429.4		512.1		5	528.7		616.5
Option ARM	2	556.8		766.7		2	626.6		909.4
Alt-A second liens	10	639.9		684.7		5	747.4		818.4
Automobile loans	5	278.5		278.5		7	486.8		486.8
Life insurance	1	294.1		294.1		1	304.8		304.8
Credit card loans	—	—		—		1	106.1		106.1
Total	34	$	3,005.4	$	3,708.6	29	$	3,657.5	$	4,368.1

Gross Par Outstanding for FG VIE's Liabilities With Recourse

	As of September 30, 2011		As ofDecember 31, 2010
	(in millions)
Gross par outstanding for FG VIEs’ liabilities with recourse	$	3,966.5	$	3,630.5

Effect of Consolidating FG VIEs on Net Income and Shareholders' Equity

Contractual Maturity	As of September 30, 2011
	(in millions)
2012	$	8.0
2013	20.1
2014	166.4
2015	—
Thereafter	3,772.0
Total	$	3,966.5

Contractual Maturity Schedule of FG VIE Liabilities with Recourse Gross Par Outstanding

	Third Quarter						Nine Months
	2011			2010			2011			2010
				(restated)						(restated)
	(in millions)
Net earned premiums	$	(19.4	)	$	(12.8	)	$	(56.8	)	$	(34.4	)
Net investment income	(4.0		)	—			(4.7		)	—
Net realized investment gains (losses)	6.7			—			7.2			—
Net change in fair value of financial guaranty variable interest entities	(99.2		)	171.3			(153.9		)	135.0
Loss and loss adjustment expenses	37.9			10.2			105.5			44.4
Total pretax effect on net income	(78.0		)	168.7			(102.7		)	145.0
Less: tax provision (benefit)	(27.3		)	59.1			(35.9		)	50.8
Total effect on net income	$	(50.7	)	$	109.6		$	(66.8	)	$	94.2

	As of September 30, 2011			As of December 31, 2010(restated)
	(in millions)
Total effect on shareholders’ equity	$	(393.4	)	$	(371.4	)