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Financial Guaranty Insurance Contracts (Details 2) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Net Earned Premiums          
Accretion of discount on net premiums receivable     $ (19) $ (23)  
Net earned premiums 222 211 635 695  
Net earned premium related to consolidated FG VIEs 17 [1] 20 [1] 50 [1] 57 [1]  
Gross premium receivable, net of ceding commissions payable:          
Balance beginning of period     1,003 1,168  
Premium written, net     134 153  
Premium payments received, net     (225) 228  
Adjustments to the premium receivable:          
Changes in the expected term of financial guaranty insurance contracts     12 (117)  
Accretion of discount     19 23  
Foreign exchange translation     10 (3)  
Consolidation of FG VIEs     (5) (10)  
Other adjustments     (4) 1  
Balance end of period 944 [2] 987 [2] 944 [2] 987 [2]  
Gross premium receivable, net of ceding commissions of consolidated FG VIEs 30 29 30 29  
Financial Guaranty Insurance Contracts, Installment Premium Receivable Percentage Foreign Denominated 50.00% 49.00% 50.00% 49.00% 47.00%
Gross premium collections expected:          
Cash collections on FG VIEs 35   35    
Financial Guaranty
         
Net Earned Premiums          
Scheduled net earned premiums 144 178 441 596  
Acceleration of premium earnings 73 27 178 77  
Accretion of discount on net premiums receivable 4 6 15 21  
Total financial guaranty 221 211 634 694  
Adjustments to the premium receivable:          
Accretion of discount (4) (6) (15) (21)  
Gross premium collections expected:          
2012 (October 1 - December 31) 65   65    
2013 112   112    
2014 93   93    
2015 83   83    
2016 77   77    
2017-2021 305   305    
2022-2026 206   206    
2027-2031 152   152    
After 2031 190   190    
Total 1,283 [3]   1,283 [3]    
Other
         
Net Earned Premiums          
Net earned premiums $ 1 $ 0 $ 1 $ 1  
[1] Includes the effect of eliminating insurance balances related to the financial guaranty insurance contracts.
[2] Excludes $30 million and $29 million as of September 30, 2012 and 2011, respectively, related to consolidated FG VIEs.
[3] Excludes expected cash collections on FG VIEs of $35 million.