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Financial Guaranty Insurance Losses (BIG Transaction Loss Summary) (Details 6) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2013
risk
Dec. 31, 2011
Dec. 31, 2012
risk
Present value of expected cash flows      
Less: net expected loss to be paid for FG VIEs $ 138    
Reserves (salvage)      
Effect of consolidating FG VIEs 194   153
Total (17) [1]   133 [1]
Financial guaranty
     
Reserves (salvage)      
Total (41)   106
Financial guaranty | BIG 1
     
Number of risks      
Gross (in contracts) 143 [2]   153 [2]
Ceded (in contracts) (48) [2]   (57) [2]
Remaining weighted average contract period      
Gross (in years) 11 years 1 month 2 days 11 years  
Ceded (in years) 8 years 9 years 3 months 18 days  
Principal      
Gross 7,320   8,533
Ceded (1,172)   (1,484)
Interest      
Gross 4,033   4,357
Ceded (483)   (585)
Total net outstanding exposure      
Gross 11,353 [3]   12,890 [3]
Ceded (1,655) [3]   (2,069) [3]
Expected cash outflows (inflows)      
Gross 1,267   1,582
Ceded (445)   (677)
Potential recoveries      
Gross (1,324) [4]   (1,629) [4]
Ceded 452 [4]   653 [4]
Subtotal      
Gross (57)   (47)
Ceded 7   (24)
Discount      
Gross (3)   (1)
Ceded 0   9
Present value of expected cash flows      
Gross (60)   (48)
Ceded 7   (15)
Deferred premium revenue      
Gross 148   111
Ceded (38)   (24)
Reserves (salvage)      
Gross (97) [5]   (103) [5]
Ceded 11 [5]   (4) [5]
Financial guaranty | BIG 2
     
Number of risks      
Gross (in contracts) 82 [2]   76 [2]
Ceded (in contracts) (26) [2]   (22) [2]
Remaining weighted average contract period      
Gross (in years) 10 years 7 months 2 days 11 years 6 months 0 days  
Ceded (in years) 13 years 8 months 4 days 15 years 3 months 18 days  
Principal      
Gross 3,695   2,741
Ceded (406)   (135)
Interest      
Gross 1,873   1,813
Ceded (184)   (131)
Total net outstanding exposure      
Gross 5,568 [3]   4,554 [3]
Ceded (590) [3]   (266) [3]
Expected cash outflows (inflows)      
Gross 1,111   863
Ceded (188)   (58)
Potential recoveries      
Gross (771) [4]   (509) [4]
Ceded 125 [4]   18 [4]
Subtotal      
Gross 340   354
Ceded (63)   (40)
Discount      
Gross (87)   (107)
Ceded 19   14
Present value of expected cash flows      
Gross 253   247
Ceded (44)   (26)
Deferred premium revenue      
Gross 226   227
Ceded (29)   (15)
Reserves (salvage)      
Gross 101 [5]   102 [5]
Ceded (28) [5]   (18) [5]
Financial guaranty | BIG 3
     
Number of risks      
Gross (in contracts) 147 [2]   142 [2]
Ceded (in contracts) (54) [2]   (51) [2]
Remaining weighted average contract period      
Gross (in years) 8 years 8 months 12 days 8 years 6 months  
Ceded (in years) 6 years 7 months 6 days 5 years 9 months 18 days  
Principal      
Gross 7,148   7,568
Ceded (537)   (540)
Interest      
Gross 2,244   2,269
Ceded (157)   (137)
Total net outstanding exposure      
Gross 9,392 [3]   9,837 [3]
Ceded (694) [3]   (677) [3]
Expected cash outflows (inflows)      
Gross 3,036   3,052
Ceded (155)   (156)
Potential recoveries      
Gross (2,702) [4]   (2,639) [4]
Ceded 141 [4]   142 [4]
Subtotal      
Gross 334   413
Ceded (14)   (14)
Discount      
Gross (309)   (202)
Ceded 5   0
Present value of expected cash flows      
Gross 25   211
Ceded (9)   (14)
Deferred premium revenue      
Gross 693   757
Ceded (85)   (90)
Reserves (salvage)      
Gross (234) [5]   (35) [5]
Ceded 12 [5]   11 [5]
Financial guaranty | Below investment grade (BIG)
     
Number of risks      
Total BIG, Net (in contracts) 372 [2]   371 [2]
Total (in contracts) 372 [2]   371 [2]
Remaining weighted average contract period      
Total BIG, Net (in years) 10 years 3 months 18 days 10 years 2 months 12 days  
Total (in years) 10 years 3 months 18 days 10 years 2 months 12 days  
Principal      
Total BIG, Net 16,048   16,683
Total 16,048   16,683
Interest      
Total BIG, Net 7,326   7,586
Total 7,326   7,586
Total net outstanding exposure      
Total BIG, Net 23,374 [3]   24,269 [3]
Total 23,374 [3]   24,269 [3]
Expected cash outflows (inflows)      
Total BIG, Net 4,626   4,606
Effect of Consolidating FG VIEs 737   (738)
Total 3,889   3,868
Potential recoveries      
Total BIG, Net 4,079 [4]   (3,964) [4]
Effect of Consolidating FG VIEs 833 [4]   798 [4]
Total 3,246 [4]   (3,166) [4]
Subtotal      
Total BIG, NET 547   642
Effect of Consolidating FG VIEs 96   60
Total 643   702
Discount      
Total BIG, Net (375)   (287)
Effect of Consolidating FG VIEs 42   36
Schedule of Insured Financial Obligations with Credit Deterioration, Reductions of Gross Claim Liability, Net Discount (333)   (251)
Present value of expected cash flows      
Net expected loss to be paid 172    
Less: net expected loss to be paid for FG VIEs 138   96
Total 310   451
Deferred premium revenue      
Total BIG, Net 915   966
Effect of Consolidating FG VIEs (234)   (251)
Total 681   715
Reserves (salvage)      
Total BIG, Net (235) [5]   (47) [5]
Effect of consolidating FG VIEs 194 [5]   153 [5]
Total $ (41) [5]   $ 106 [5]
[1] (1)See “Components of Net Reserves (Salvage)” table for loss and LAE reserve and salvage and subrogation recoverable components.
[2] 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.
[3] Includes BIG amounts related to FG VIEs.
[4] Includes estimated future recoveries for breaches of R&W as well as excess spread, and draws on HELOCs.
[5] See table “Components of net reserves (salvage).”