XML 49 R77.htm IDEA: XBRL DOCUMENT v2.4.0.8
Expected Loss to be Paid - Net Expected Loss to be Paid After Net Expected Recoveries for Breaches of R&W Rollforward (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W $ 677 $ 1,106
Economic Loss Development After Recoveries for R&W 56 438
(Paid) Recovered Losses After Recoveries for R&W 249 [1] (867) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 982 677
Period after the end of the reporting period within which the ceded paid losses are typically settled (in days) 45 days  
Prime first lien
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 6 2
Economic Loss Development After Recoveries for R&W 16 4
(Paid) Recovered Losses After Recoveries for R&W (1) [1] 0 [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 21 6
Alt-A first lien
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 315 295
Economic Loss Development After Recoveries for R&W (81) 62
(Paid) Recovered Losses After Recoveries for R&W 70 [1] (42) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 304 315
Option ARM
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W (131) 210
Economic Loss Development After Recoveries for R&W (98) 39
(Paid) Recovered Losses After Recoveries for R&W 220 [1] (380) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W (9) (131)
Subprime
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 242 241
Economic Loss Development After Recoveries for R&W 92 49
(Paid) Recovered Losses After Recoveries for R&W (30) [1] (48) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 304 242
Total first lien
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 432 748
Economic Loss Development After Recoveries for R&W (71) 154
(Paid) Recovered Losses After Recoveries for R&W 259 [1] (470) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 620 432
Closed-end second lien
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W (39) (86)
Economic Loss Development After Recoveries for R&W 6 (10)
(Paid) Recovered Losses After Recoveries for R&W 22 [1] 57 [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W (11) (39)
HELOCs
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W (111) (31)
Economic Loss Development After Recoveries for R&W (91) 44
(Paid) Recovered Losses After Recoveries for R&W 86 [1] (124) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W (116) (111)
Second lien
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W (150) (117)
Economic Loss Development After Recoveries for R&W (85) 34
(Paid) Recovered Losses After Recoveries for R&W 108 [1] (67) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W (127) (150)
U.S. RMBS
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 282 631
Economic Loss Development After Recoveries for R&W (156) 188
(Paid) Recovered Losses After Recoveries for R&W 367 [1] (537) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 493 282
TruPS
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 27 64
Economic Loss Development After Recoveries for R&W 7 (30)
(Paid) Recovered Losses After Recoveries for R&W 17 [1] (7) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 51 27
Other structured finance
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 312 342
Economic Loss Development After Recoveries for R&W (41) 2
(Paid) Recovered Losses After Recoveries for R&W (151) [1] (32) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 120 312
U.S. Public Finance
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 7 16
Economic Loss Development After Recoveries for R&W 239 74
(Paid) Recovered Losses After Recoveries for R&W 18 [1] (83) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 264 7
Non-U.S. public finance
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 52 51
Economic Loss Development After Recoveries for R&W 17 221
(Paid) Recovered Losses After Recoveries for R&W (12) [1] (220) [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 57 52
Other
   
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]    
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W (3) 2
Economic Loss Development After Recoveries for R&W (10) (17)
(Paid) Recovered Losses After Recoveries for R&W 10 [1] 12 [1]
End of Period, Net Expected Loss to be Paid After Recoveries for R&W $ (3) $ (3)
[1] Net of ceded paid losses, whether or not such amounts have been settled with reinsurers. Ceded paid losses are typically settled 45 days after the end of the reporting period. Such amounts are recorded in reinsurance recoverable on paid losses included in other assets.