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Financial Guaranty Insurance Contracts (Details 14) (USD $)
3 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Sep. 30, 2012
Variable rate demand obligations
Sep. 30, 2012
Variable rate demand obligations
Minimum
Sep. 30, 2012
Variable rate demand obligations
Maximum
Sep. 30, 2012
Financial Guaranty
Jun. 30, 2012
Financial Guaranty
Dec. 31, 2011
Financial Guaranty
Sep. 30, 2011
Financial Guaranty
Jun. 30, 2011
Financial Guaranty
Dec. 31, 2010
Financial Guaranty
Sep. 30, 2012
Financial Guaranty
BIG 1
risk
Dec. 31, 2011
Financial Guaranty
BIG 1
risk
Sep. 30, 2012
Financial Guaranty
BIG 2
risk
Dec. 31, 2011
Financial Guaranty
BIG 2
risk
Sep. 30, 2012
Financial Guaranty
BIG 3
risk
Dec. 31, 2011
Financial Guaranty
BIG 3
risk
Sep. 30, 2012
Financial Guaranty
Below investment grade (BIG)
risk
Dec. 31, 2011
Financial Guaranty
Below investment grade (BIG)
risk
Financial Guaranty Insurance BIG Transaction Loss Summary                                      
Maximum Termination Payment Possible After Swap Obligations and Taking Account of Possible Rating Downgrade of Municipal Obligors $ 370,000,000                                    
Number of risks                                      
Gross (in contracts)                       148 [1] 171 [1] 90 [1] 71 [1] 136 [1] 126 [1]    
Ceded (in contracts)                       (56) [1] (68) [1] 24 [1] (26) [1] 51 [1] (48) [1]    
Total BIG, Net (in contracts)                                   374 [1] 368 [1]
Total (in contracts)                                   374 [1] 368 [1]
Remaining weighted average contract period                                      
Gross (in years)                       11 years 1 month 6 days 10 years 12 years 13 years 8 months 12 days 8 years 10 months 24 days 9 years 2 months 12 days    
Ceded (in years)                       9 years 3 months 18 days 9 years 2 months 12 days 15 years 7 months 6 days 20 years 6 months 6 years 6 years 4 months 24 days    
Total BIG, Net (in years)                                   10 years 7 months 6 days 10 years 4 months 24 days
Total (in years)                                   10 years 7 months 2 days  
Principal                                      
Gross                       8,410,000,000 9,675,000,000 3,390,000,000 3,732,000,000 7,854,000,000 7,831,000,000    
Ceded                       (1,467,000,000) (1,378,000,000) (157,000,000) (274,000,000) (555,000,000) (627,000,000)    
Total BIG, Net                                   17,475,000,000 18,959,000,000
Total                                   17,475,000,000 18,959,000,000
Interest                                      
Gross                       4,281,000,000 4,309,000,000 2,308,000,000 2,889,000,000 2,531,000,000 2,486,000,000    
Ceded                       (560,000,000) (486,000,000) (157,000,000) (405,000,000) (144,000,000) (170,000,000)    
Total BIG, Net                                   8,259,000,000 8,623,000,000
Total                                   8,259,000,000 8,623,000,000
Total net outstanding exposure                                      
Gross                       12,691,000,000 [2] 13,984,000,000 [2] 5,698,000,000 [2] 6,621,000,000 [2] 10,385,000,000 [2] 10,317,000,000 [2]    
Ceded                       (2,027,000,000) [2] (1,864,000,000) [2] (314,000,000) [2] (679,000,000) [2] (699,000,000) [2] (797,000,000) [2]    
Total BIG, Net                                   25,734,000,000 [2] 27,582,000,000 [2]
Total                                   25,734,000,000 [2] 27,582,000,000 [2]
Expected cash outflows (inflows)                                      
Gross                       1,661,000,000 1,731,000,000 1,041,000,000 1,833,000,000 3,052,000,000 2,423,000,000    
Ceded                       563,000,000 (659,000,000) (97,000,000) (121,000,000) (136,000,000) (133,000,000)    
Total BIG, Net                                   4,958,000,000 5,074,000,000
Effect of Consolidating FG VIEs                                   (736,000,000) 998,000,000
Total                                   4,222,000,000 4,076,000,000
Potential recoveries                                      
Gross                       (1,798,000,000) [3] (1,798,000,000) [3] (638,000,000) (1,079,000,000) 2,541,000,000 [3] (2,041,000,000) [3]    
Ceded                       (576,000,000) 664,000,000 [3] 19,000,000 [3] 39,000,000 [3] 133,000,000 [3] 100,000,000 [3]    
Total BIG, Net                                   (4,249,000,000) [3] (4,115,000,000) [3]
Effect of Consolidating FG VIEs                                   741,000,000 1,060,000,000 [3]
Total                                   (3,508,000,000) [3] (3,055,000,000) [3]
Subtotal                                      
Gross                       (137,000,000) (67,000,000) 403,000,000 754,000,000 511,000,000 382,000,000    
Ceded                       13,000,000 5,000,000 (78,000,000) (82,000,000) (3,000,000) (33,000,000)    
Total BIG, NET                                   709,000,000 959,000,000
Effect of Consolidating FG VIEs                                   5,000,000 62,000,000
Total                                   714,000,000 1,021,000,000
Discount                                      
Gross                       61,000,000 16,000,000 (75,000,000) (241,000,000) (320,000,000) (125,000,000)    
Ceded                       (3,000,000) (5,000,000) 29,000,000 32,000,000 (3,000,000) 2,000,000    
Total BIG, Net                                   (311,000,000) (321,000,000)
Effect of Consolidating FG VIEs                                   76,000,000 45,000,000
Schedule of Insured Financial Obligations with Credit Deterioration, Reductions of Gross Claim Liability, Net Discount                                   (235,000,000) (276,000,000)
Present value of expected cash flows                                      
Gross                       (76,000,000) (51,000,000) 328,000,000 513,000,000 191,000,000 257,000,000    
Ceded                       10,000,000 0 (49,000,000) (50,000,000) (6,000,000) (31,000,000)    
Total BIG, Net 398,000,000         398,000,000 [4] 826,000,000 638,000,000 [4] 773,000,000 713,000,000 409,000,000             398,000,000 638,000,000
Effect of Consolidating FG VIEs (81,000,000)                                 81,000,000 107,000,000
Total                                   479,000,000 745,000,000
Deferred premium revenue                                      
Gross                       88,000,000 261,000,000 265,000,000 281,000,000 848,000,000 992,000,000    
Ceded                       (13,000,000) (69,000,000) (26,000,000) (12,000,000) (97,000,000) (127,000,000)    
Total BIG, Net                                   1,065,000,000 1,326,000,000
Effect of Consolidating FG VIEs                                   (315,000,000) (391,000,000)
Total                                   750,000,000 935,000,000
Reserves (salvage)                                      
Gross                       (115,000,000) [5] (97,000,000) [5] 155,000,000 [5] 320,000,000 (42,000,000) [5] (110,000,000) [5]    
Ceded                       15,000,000 [5] 7,000,000 [5] (37,000,000) [5] (42,000,000) [5] 14,000,000 [5] 7,000,000 [5]    
Total BIG, Net                                   (10,000,000) [5] 85,000,000 [5]
Effect of consolidating FG VIEs 139,000,000 196,000,000                               139,000,000 [5] 196,000,000 [5]
Total 155,000,000 [6] 283,000,000 [6]       129,000,000   281,000,000                   129,000,000 [5] 281,000,000 [5]
Rate basis for bank bond rate     prime rate                                
Bank bond rate (as a percent)       2.00% 3.00%                            
Bank bond capped rate (as a percent)         25.00%                            
Threshold period of bonds held by bank for right of accelerated repayment (in days)       90 days 180 days                            
Accelerated repayment period for bank bonds (in years)       5 years 10 years                            
Financial Guaranty Insurance Contracts, Principal Amount BBB- or below     $ 800,000,000                                
[1] A risk represents the aggregate of the financial guaranty policies that share the same revenue source for purposes of making debt service payments. The ceded number of risks represents the number of risks for which the Company ceded a portion of its exposure.
[2] Includes BIG amounts related to FG VIEs which are not eliminated.
[3] Includes estimated future recoveries for breaches of R&W as well as excess spread, and draws on HELOCs.
[4] Includes expected LAE to be paid for mitigating claim liabilities of $26 million as of September 30, 2012 and $36 million as of December 31, 2011.
[5] See table “Components of net reserves (salvage).”
[6] See “Components of Net Reserves (Salvage)” table for loss and LAE reserve and salvage and subrogation recoverable components.