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Financial Guaranty Insurance Losses - BIG Transaction Loss Summary (Details)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2015
USD ($)
risk
Dec. 31, 2014
USD ($)
risk
Discount    
Total $ (494)  
Reserves (salvage)    
Total $ 779 $ 567
BIG [Member]    
Number of risks    
Total (in contracts) | risk [1] 468 358
Remaining weighted average contract period    
Total (in years) 10 years 1 month 6 days 10 years 3 months 18 days
Principal    
Total $ 16,904 $ 15,222
Interest    
Total 8,362 7,651
Total net outstanding exposure    
Total [2] 25,266 22,873
Expected cash outflows (inflows)    
Total 2,737 3,118
Potential recoveries    
Total, Undiscounted R&W (144) (239)
Total, Other [3] (835) (1,477)
Total (979) (1,716)
Subtotal    
Total 1,758 1,402
Discount    
Total (494) (413)
Present value of expected cash flows    
Net expected loss to be paid 1,264 989
Deferred premium revenue    
Total 882 584
Reserves (salvage)    
Total [4] $ 760 $ 571
BIG [Member] | Consolidated Entity Excluding Consolidation of Variable Interest Entities (VIE) [Member]    
Number of risks    
Total (in contracts) | risk [1] 468 358
Remaining weighted average contract period    
Total (in years) 10 years 1 month 6 days 10 years 3 months 18 days
Principal    
Total $ 16,904 $ 15,222
Interest    
Total 8,362 7,651
Total net outstanding exposure    
Total [2] 25,266 22,873
Expected cash outflows (inflows)    
Total 3,076 3,463
Potential recoveries    
Total, Undiscounted R&W (153) (247)
Total, Other [3] (1,015) (1,654)
Total (1,168) (1,901)
Subtotal    
Total 1,908 1,562
Discount    
Total (530) (447)
Present value of expected cash flows    
Net expected loss to be paid 1,378 1,115
Deferred premium revenue    
Total 989 700
Reserves (salvage)    
Total [4] $ 829 $ 650
BIG [Member] | Consolidated Entity Excluding Consolidation of Variable Interest Entities (VIE) [Member] | BIG 1 [Member]    
Number of risks    
Ceded (in contracts) | risk [1] (54) (59)
Total (in contracts) | risk [1] 266 164
Remaining weighted average contract period    
Gross (in years) 9 years 8 months 12 days 9 years 10 months 24 days
Ceded (in years) 6 years 6 months 7 years 4 months 24 days
Principal    
Gross $ 12,125 $ 12,358
Ceded (1,621) (2,163)
Interest    
Gross 6,019 6,350
Ceded (542) (838)
Total net outstanding exposure    
Gross [2] 18,144 18,708
Ceded [2] (2,163) (3,001)
Expected cash outflows (inflows)    
Gross 561 1,762
Ceded (28) (626)
Total 142 39
Potential recoveries    
Gross, Undiscounted R&W 17 (39)
Ceded, Undiscounted R&W (1) 0
Gross, Other [3] (446) (1,687)
Ceded, Other [3] 14 608
Ceded 13 608
Gross (429) (1,726)
Subtotal    
Gross 132 36
Ceded (15) (18)
Discount    
Gross 10 3
Ceded (1) 0
Present value of expected cash flows    
Ceded (16) (18)
Deferred premium revenue    
Gross 631 378
Ceded (59) (70)
Reserves (salvage)    
Gross [4] 7 (42)
Ceded [4] $ (8) $ (5)
BIG [Member] | Consolidated Entity Excluding Consolidation of Variable Interest Entities (VIE) [Member] | BIG 2 [Member]    
Number of risks    
Ceded (in contracts) | risk [1] (14) (15)
Total (in contracts) | risk [1] 76 75
Remaining weighted average contract period    
Gross (in years) 10 years 3 months 18 days 10 years 1 month 6 days
Ceded (in years) 8 years 1 month 6 days 8 years 10 months 24 days
Principal    
Gross $ 3,696 $ 2,421
Ceded (307) (286)
Interest    
Gross 2,005 1,274
Ceded (122) (121)
Total net outstanding exposure    
Gross [2] 5,701 3,695
Ceded [2] (429) (407)
Expected cash outflows (inflows)    
Gross 1,012 763
Ceded (79) (77)
Total 564 392
Potential recoveries    
Gross, Undiscounted R&W (49) (48)
Ceded, Undiscounted R&W 1 2
Gross, Other [3] (209) (206)
Ceded, Other [3] 6 5
Ceded 7 7
Gross (258) (254)
Subtotal    
Gross 754 509
Ceded (72) (70)
Discount    
Gross (190) (117)
Ceded 13 11
Present value of expected cash flows    
Ceded (59) (59)
Deferred premium revenue    
Gross 144 119
Ceded (4) (6)
Reserves (salvage)    
Gross [4] 459 278
Ceded [4] $ (54) $ (53)
BIG [Member] | Consolidated Entity Excluding Consolidation of Variable Interest Entities (VIE) [Member] | BIG 3 [Member]    
Number of risks    
Ceded (in contracts) | risk [1] (41) (38)
Total (in contracts) | risk [1] 126 119
Remaining weighted average contract period    
Gross (in years) 9 years 2 months 12 days 9 years 7 months 6 days
Ceded (in years) 6 years 8 months 12 days 6 years 10 months 24 days
Principal    
Gross $ 3,147 $ 3,067
Ceded (136) (175)
Interest    
Gross 1,039 1,034
Ceded (37) (48)
Total net outstanding exposure    
Gross [2] 4,186 4,101
Ceded [2] (173) (223)
Expected cash outflows (inflows)    
Gross 1,659 1,716
Ceded (49) (75)
Total 768 788
Potential recoveries    
Gross, Undiscounted R&W (127) (171)
Ceded, Undiscounted R&W 6 9
Gross, Other [3] (399) (404)
Ceded, Other [3] 19 30
Ceded 25 39
Gross (526) (575)
Subtotal    
Gross 1,133 1,141
Ceded (24) (36)
Discount    
Gross (365) (353)
Ceded 3 9
Present value of expected cash flows    
Ceded (21) (27)
Deferred premium revenue    
Gross 296 312
Ceded (19) (33)
Reserves (salvage)    
Gross [4] 433 482
Ceded [4] (8) (10)
BIG [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Expected cash outflows (inflows)    
Total (339) (345)
Potential recoveries    
Total, Undiscounted R&W 9 8
Total, Other [3] 180 177
Total 189 185
Subtotal    
Total (150) (160)
Discount    
Total 36 34
Present value of expected cash flows    
Net expected loss to be paid (114) (126)
Deferred premium revenue    
Total (107) (116)
Reserves (salvage)    
Total [4] $ (69) $ (79)
[1] A risk represents the aggregate of the financial guaranty policies that share the same revenue source for purposes of making Debt Service payments. The ceded number of risks represents the number of risks for which the Company ceded a portion of its exposure
[2] Includes BIG amounts related to FG VIEs.
[3] Includes excess spread and draws on HELOCs.
[4] See table “Components of net reserves (salvage).”