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Consolidation of Variable Interest Entities (Details) (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Entity
Mar. 31, 2012
Dec. 31, 2012
Entity
Dec. 31, 2011
Entity
Consolidated VIEs        
Number of VIE that did not require consolidation 1,100      
Net fair value gains and losses on FG VIEs are expected to reverse to zero at maturity of the VIE debt $ 0      
Variable Interest Entity, Number of Entities to be Consolidated 11 [1]   2 [1]  
Variable Interest Entity Consolidation Gain or Loss 500,000 6,000,000    
Variable Interest Entity Number Matured (1)   (2)  
Credit Risk Derivatives at Fair Value before Effect of Credit Spread Net 1 [Abstract]        
Number of FG VIEs 43   33 33
Number of days VIEs' assets were past due (in days) 90 days      
Total unpaid principal balance for the VIEs' assets that were over 90 days or more past due 862,000,000      
Difference between the aggregate unpaid principal and aggregate fair value of the VIEs' Assets 2,432,000,000      
Change in the instrument specific credit risk of the VIEs' assets 71,000,000      
Difference between the aggregate unpaid principal and aggregate fair value of the VIEs' liabilities 1,977,000,000      
VIE's with recourse 43   33  
VIE's without recourse 0   0  
Assets 2,813,000,000   2,688,000,000  
Liabilities 3,178,000,000   3,141,000,000  
Total with recourse , Assets 1,672,000,000   1,601,000,000  
Financial guaranty variable interest entities’ liabilities with recourse, at fair value 2,071,000,000   2,090,000,000  
Without recourse, Assets 1,141,000,000   1,087,000,000  
Financial guaranty variable interest entities’ liabilities without recourse, at fair value 1,107,000,000   1,051,000,000  
Contractual Maturity        
2014 17,000,000      
Gross unpaid principal for FG VIEs’ liabilities with recourse (1) 2,707,000,000 [2]   2,808,000,000 [2]  
Net change in fair value of financial guaranty variable interest entities:        
Net earned premiums (18,000,000) (17,000,000)    
Net investment income (3,000,000) (3,000,000)    
Net realized investment gains (losses) 1,000,000 1,000,000    
Fair value gains (losses) on FG VIEs 70,000,000 (41,000,000)    
Loss and LAE (7,000,000) 8,000,000    
Total pre-tax effect on net income 43,000,000 (52,000,000)    
Less: tax provision (benefit) 15,000,000 (18,000,000)    
Total effect on net income (loss) 28,000,000 (34,000,000)    
Total (decrease) increase on shareholders' equity (322,000,000)   (348,000,000)  
AGC R&W Benefits From Deutsche Bank Settlement
       
Net change in fair value of financial guaranty variable interest entities:        
Fair value gains (losses) on FG VIEs 64,000,000      
Number of transactions that the fair value of underlying collateral depreciated and related wrapped senior bonds value unchanged 2      
HELOCs
       
Credit Risk Derivatives at Fair Value before Effect of Credit Spread Net 1 [Abstract]        
VIE's with recourse 8   8  
Assets 582,000,000   525,000,000  
Liabilities 764,000,000   786,000,000  
Alt-A first lien
       
Credit Risk Derivatives at Fair Value before Effect of Credit Spread Net 1 [Abstract]        
VIE's with recourse 5   5  
Assets 178,000,000   177,000,000  
Liabilities 168,000,000   162,000,000  
First mortgage, option adjustable rate mortgage
       
Credit Risk Derivatives at Fair Value before Effect of Credit Spread Net 1 [Abstract]        
VIE's with recourse 2   2  
Assets 41,000,000   42,000,000  
Liabilities 158,000,000   170,000,000  
First mortgage, subprime
       
Credit Risk Derivatives at Fair Value before Effect of Credit Spread Net 1 [Abstract]        
VIE's with recourse 18   7  
Assets 415,000,000   399,000,000  
Liabilities 502,000,000   493,000,000  
Close ended second lien
       
Credit Risk Derivatives at Fair Value before Effect of Credit Spread Net 1 [Abstract]        
VIE's with recourse 8   8  
Assets 103,000,000   108,000,000  
Liabilities 126,000,000   129,000,000  
Automobile loans
       
Credit Risk Derivatives at Fair Value before Effect of Credit Spread Net 1 [Abstract]        
VIE's with recourse 1   2  
Assets 17,000,000   39,000,000  
Liabilities 17,000,000   39,000,000  
Life insurance
       
Credit Risk Derivatives at Fair Value before Effect of Credit Spread Net 1 [Abstract]        
VIE's with recourse 1   1  
Assets 336,000,000   311,000,000  
Liabilities $ 336,000,000   $ 311,000,000  
[1] (1)Net loss on consolidation was $0.5 million in First Quarter 2013 and $6 million in 2012 and recorded in “fair value gains (losses) on FG VIEs” in the consolidated statement of operations.
[2] FG VIE liabilities with recourse will mature at various dates ranging from 2018 to 2047, except for $17 million maturing in 2014.