Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Sep. 30, 2013		Dec. 31, 2012
Investment portfolio:
Fixed maturity securities, available-for-sale, at fair value (amortized cost of $9,587 and $9,346)	$ 9,873		$ 10,056
Short term investments, at fair value	761		817
Other invested assets	126		212
Total investment portfolio	10,760		11,085
Cash	106		138
Premiums receivable, net of ceding commissions payable	906	[1]	1,005
Ceded unearned premium reserve	480		561
Deferred acquisition costs	125		116
Reinsurance recoverable on unpaid losses	59		58
Salvage and subrogation recoverable	275		456
Credit derivative assets	106		141
Deferred tax asset, net	767		721
Financial guaranty variable interest entities’ assets, at fair value	2,515		2,688
Other assets	255		273
Total assets	16,354		17,242
Liabilities and shareholders’ equity
Unearned premium reserve	4,676		5,207
Loss and loss adjustment expense reserve	601		601
Reinsurance balances payable, net	160		219
Long-term debt	819		836
Credit derivative liabilities	2,027		1,934
Financial guaranty variable interest entities’ liabilities with recourse, at fair value	1,828		2,090
Financial guaranty variable interest entities’ liabilities without recourse, at fair value	1,047		1,051
Other liabilities	362		310
Total liabilities	11,520		12,248
Commitments and contingencies (See Note 14)
Common stock ($0.01 par value, 500,000,000 shares authorized; 182,208,465 and 194,003,297 shares issued and outstanding)	2		2
Additional paid-in capital	2,471		2,724
Retained earnings	2,151		1,749
Accumulated other comprehensive income, net of tax of $85 and $198	206		515
Deferred equity compensation (320,193 and 320,193 shares)	4		4
Total shareholders’ equity	4,834		4,994
Total liabilities and shareholders’ equity	$ 16,354		$ 17,242

[1] Excludes $19 million and $30 million as of September 30, 2013 and September 30, 2012, respectively, related to consolidated FG VIEs.