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Income Taxes - Components of Net Deferred Tax Assets (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Deferred tax assets:    
Unrealized losses on credit derivative financial instruments, net $ 402 $ 425
Unearned premium reserves, net 63 109
Loss and LAE reserve 134 90
Tax and loss bonds 33 15
Net operating loss (NOL) carry forward 5 7
Alternative minimum tax credit 90 58
Tax basis step-up 5 5
Foreign tax credit 37 30
FG VIEs 29 179
DAC 40 59
Investment basis difference 73 82
Other 64 48
Total deferred income tax assets 975 1,107
Deferred tax liabilities:    
Contingency reserves 47 15
Public debt 98 100
Unrealized appreciation on investments 68 198
Unrealized gains on CCS 16 12
Market discount 24 42
Other 34 19
Total deferred income tax liabilities 287 386
Net deferred income tax asset $ 688 $ 721