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Financial Guaranty Insurance Contracts (Details 3) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Gross    
Total $ 5,332 $ 5,963
Ceded    
Total 550 709
Net    
Unearned Premiums, Net 4,782 [1] 5,254 [1]
Total net unearned premium reserve related to FG VIE 226 274
Net    
Salvage and subrogation recoverable 430 368
Reduction in net present value of expected loss due to consolidating FG VIEs 195  
Reduction in future scheduled amortization of deferred premium revenue due to consolidating FG VIEs 364  
Financial Guaranty
   
Gross    
Deferred premium revenue 5,476 6,046
Contra-paid (152) (92)
Total 5,324 5,954
Ceded    
Deferred premium revenue 576 728
Contra-paid (26) (19)
Total 550 709
Net    
Deferred premium revenue 4,900 [1] 5,318 [1]
Contra-paid 126 [1] 73 [1]
Unearned Premiums, Net 4,774 [1] 5,245 [1]
Scheduled Net Earned Premium    
2012 (October 1 - December 31) 141  
Subtotal 2012 141  
2013 490  
2014 433  
2015 379  
2016 343  
2017-2021 1,294  
2022-2026 814  
2027-2031 498  
After 2031 508  
Total present value basis 4,900 [2],[3]  
Discount 270  
Total future value 5,170  
Net Expected Loss to be Expensed    
2012 (October 1 - December 31) 25  
Subtotal 2012 25  
2013 75  
2014 49  
2015 38  
2016 35  
2017-2021 124  
2022-2026 66  
2027-2031 34  
After 2031 30  
Total present value basis 476 [2],[3]  
Discount 235  
Total future value 711  
Net    
2012 (October 1 - December 31) 116  
Subtotal 2012 116  
2013 415  
2014 384  
2015 341  
2016 308  
2017-2021 1,170  
2022-2026 748  
2027-2031 464  
After 2031 478  
Total present value basis 4,424 [2],[3]  
Discount 35  
Total future value 4,459  
Other
   
Gross    
Total 8 9
Ceded    
Total 0 0
Net    
Unearned Premiums, Net $ 8 [1] $ 9 [1]
[1] Total net unearned premium reserve excludes $226 million and $274 million related to FG VIEs as of September 30, 2012 and December 31, 2011, respectively.
[2] Consolidation of FG VIEs resulted in reductions of $364 million in future scheduled net earned premium and $195 million in net expected loss to be expensed.
[3] Balances represent discounted amounts.