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Financial Guaranty Insurance Losses (Details 2) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Guarantor Obligations [Line Items]    
Loss and LAE reserve $ 601 $ 601
Reinsurance recoverable on unpaid losses (59) (58)
Loss and LAE reserve, net 542 [1] 543 [1]
Salvage and subrogation recoverable (275) (456)
Salvage and subrogation payable 26 [2] 46 [2]
Salvage and subrogation recoverable, net (249) [1] (410) [1]
Subtotal (272) (440)
Total 270 103
Financial guaranty net reserves (salvage) 293 [1] 133 [1]
For all Financial Guaranty Insurance Contracts 203 449
Effect of Consolidating FG VIEs (57) (169)
Reported on Balance Sheet 146 [3] 280 [3]
For all Financial Guaranty Insurance Contracts 412 571
Effect of Consolidating FG VIEs (29) (33)
Reported on Balance Sheet 383 [3] 538 [3]
Consolidated Entity Excluding Variable Interest Entities (VIE)
   
Guarantor Obligations [Line Items]    
Reinsurance recoverable on unpaid losses (23) [4]  
Salvage and subrogation recoverable, net (244)  
Other recoveries (23) [4] (30) [4]
Other
   
Guarantor Obligations [Line Items]    
Less: other (non-financial guaranty business) (3)  
Financial guaranty net reserves (salvage)   3
Financial guaranty
   
Guarantor Obligations [Line Items]    
Financial guaranty net reserves (salvage) $ 273 $ 106
[1] (1)See “Components of Net Reserves (Salvage)” table for loss and LAE reserve and salvage and subrogation recoverable components.
[2] Recorded as a component of reinsurance balances payable.
[3] The remaining benefit for R&W is either recorded at fair value in FG VIE assets, or not recorded on the balance sheet until the expected loss, net of R&W, exceeds unearned premium reserve.
[4] R&W recoveries recorded in other assets on the consolidated balance sheet.