Expected Loss to be Paid (Tables)

9 Months Ended

Sep. 30, 2015

Net Expected Loss to be Paid After Net Expected Recoveries for Breaches of R&W Roll Forward

Net Expected Loss to be Paid

After Net Expected Recoveries for Breaches of R&W

Roll Forward



	Third Quarter 2015			Nine Months 2015
	(in millions)
Net expected loss to be paid, beginning of period	$	1,510		$	1,169
Net expected loss to be paid on Radian Asset portfolio as of April 1, 2015	—			190
Economic loss development due to:
Accretion of discount	10			24
Changes in discount rates	11			(29		)
Changes in timing and assumptions	(24		)	191
Total economic loss development	(3		)	186
Paid losses	(200		)	(238		)
Net expected loss to be paid, end of period	$	1,307		$	1,307

Net Expected Loss to be Paid

After Net Expected Recoveries for Breaches of R&W

Roll Forward by Sector

Third Quarter 2015



	Net Expected Loss to be Paid (Recovered) as of June 30, 2015			Economic Loss Development			(Paid) Recovered Losses (1)			Net Expected Loss to be Paid (Recovered) as of September 30, 2015 (2)
	(in millions)
Public Finance:
U.S. public finance	$	613		$	92		$	(18	)	$	687
Non-U.S public finance	44			(1		)	—			43
Public Finance	657			91			(18		)	730
Structured Finance:
U.S. RMBS:
First lien:
Prime first lien	1			0			(1		)	0
Alt-A first lien	265			(111		)	(108		)	46
Option ARM	(18		)	(4		)	6			(16		)
Subprime	273			26			(20		)	279
Total first lien	521			(89		)	(123		)	309
Second lien:
Closed-end second lien	9			0			2			11
HELOCs	(6		)	13			8			15
Total second lien	3			13			10			26
Total U.S. RMBS	524			(76		)	(113		)	335
Triple-X life insurance transactions	165			1			(68		)	98
TruPS	10			(5		)	—			5
Student loans	58			(2		)	0			56
Other structured finance	96			(12		)	(1		)	83
Structured Finance	853			(94		)	(182		)	577
Total	$	1,510		$	(3	)	$	(200	)	$	1,307

Net Expected Loss to be Paid

After Net Expected Recoveries for Breaches of R&W

Roll Forward by Sector

Third Quarter 2014



	Net Expected Loss to be Paid (Recovered) as of June 30, 2014			Economic Loss Development			(Paid) Recovered Losses (1)			Net Expected Loss to be Paid (Recovered) as of September 30, 2014
	(in millions)
Public Finance:
U.S. public finance	$	339		$	2		$	(8	)	$	333
Non-U.S public finance	52			(1		)	—			51
Public Finance	391			1			(8		)	384
Structured Finance:
U.S. RMBS:
First lien:
Prime first lien	11			(1		)	—			10
Alt-A first lien	301			(18		)	(35		)	248
Option ARM	(51		)	—			20			(31		)
Subprime	341			(11		)	(23		)	307
Total first lien	602			(30		)	(38		)	534
Second lien:
Closed-end second lien	(9		)	2			2			(5		)
HELOCs	(117		)	(34		)	3			(148		)
Total second lien	(126		)	(32		)	5			(153		)
Total U.S. RMBS	476			(62		)	(33		)	381
Triple-X life insurance transactions	90			3			(1		)	92
TruPS	32			(5		)	(1		)	26
Student loans	58			6			—			64
Other structured finance	(12		)	(6		)	4			(14		)
Structured Finance	644			(64		)	(31		)	549
Total	$	1,035		$	(63	)	$	(39	)	$	933

Net Expected Loss to be Paid

After Net Expected Recoveries for Breaches of R&W

Roll Forward by Sector

Nine Months 2015



	Net Expected Loss to be Paid (Recovered) as of December 31, 2014 (2)			Net Expected Loss to be Paid (Recovered) on Radian Asset portfolio as of April 1, 2015			Economic Loss Development			(Paid) Recovered Losses (1)			Net Expected Loss to be Paid (Recovered) as of September 30, 2015 (2)
	(in millions)
Public Finance:
U.S. public finance	$	303		$	81		$	327		$	(24	)	$	687
Non-U.S public finance	45			4			(6		)	—			43
Public Finance	348			85			321			(24		)	730
Structured Finance:
U.S. RMBS:
First lien:
Prime first lien	4			—			(1		)	(3		)	0
Alt-A first lien	304			7			(132		)	(133		)	46
Option ARM	(16		)	0			(3		)	3			(16		)
Subprime	303			(4		)	19			(39		)	279
Total first lien	595			3			(117		)	(172		)	309
Second lien:
Closed-end second lien	8			—			(2		)	5			11
HELOCs	(19		)	1			15			18			15
Total second lien	(11		)	1			13			23			26
Total U.S. RMBS	584			4			(104		)	(149		)	335
Triple-X life insurance transactions	161			—			8			(71		)	98
TruPS	23			—			(18		)	—			5
Student loans	68			—			(7		)	(5		)	56
Other structured finance	(15		)	101			(14		)	11			83
Structured Finance	821			105			(135		)	(214		)	577
Total	$	1,169		$	190		$	186		$	(238	)	$	1,307

Net Expected Loss to be Paid

After Net Expected Recoveries for Breaches of R&W

Roll Forward by Sector

Nine Months 2014



	Net Expected Loss to be Paid (Recovered) as of December 31, 2013			Economic Loss Development			(Paid) Recovered Losses (1)			Net Expected Loss to be Paid (Recovered) as of September 30, 2014
	(in millions)
Public Finance:
U.S. public finance	$	264		$	107		$	(38	)	$	333
Non-U.S public finance	57			(6		)	—			51
Public Finance	321			101			(38		)	384
Structured Finance:
U.S. RMBS:
First lien:
Prime first lien	21			(11		)	—			10
Alt-A first lien	304			(6		)	(50		)	248
Option ARM	(9		)	(39		)	17			(31		)
Subprime	304			(12		)	15			307
Total first lien	620			(68		)	(18		)	534
Second lien:
Closed-end second lien	(11		)	2			4			(5		)
HELOCs	(116		)	(65		)	33			(148		)
Total second lien	(127		)	(63		)	37			(153		)
Total U.S. RMBS	493			(131		)	19			381
Triple-X life insurance transactions	75			21			(4		)	92
TruPS	51			(24		)	(1		)	26
Student loans	52			12			—			64
Other structured finance	(10		)	(7		)	3			(14		)
Structured Finance	661			(129		)	17			549
Total	$	982		$	(28	)	$	(21	)	$	933

____________________

(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. The Company paid $7 million and $6 million in LAE for Third Quarter 2015 and 2014, respectively, and $16 million and $20 million in LAE for Nine Months 2015 and 2014, respectively.


(2)	Includes expected LAE to be paid of $13 million as of September 30, 2015 and $16 million as of December 31, 2014.

Net Expected Recoveries from Breaches of R&W Rollforward

Net Expected Recoveries from

Breaches of R&W Rollforward

Third Quarter 2015



	Future Net R&W Benefit as of June 30, 2015			R&W Development and Accretion of Discount During Third Quarter 2015			R&W (Recovered) During Third Quarter 2015			Future Net R&W Benefit as of September 30, 2015 (1)
	(in millions)
U.S. RMBS:
First lien:
Prime first lien	$	1		$	0		$	0		$	1
Alt-A first lien	93			9			(2		)	100
Option ARM	(33		)	(5		)	(20		)	(58		)
Subprime	81			(4		)	(3		)	74
Total first lien	142			0			(25		)	117
Second lien:
Closed-end second lien	83			(1		)	(1		)	81
HELOC	—			—			—			—
Total second lien	83			(1		)	(1		)	81
Total	$	225		$	(1	)	$	(26	)	$	198

Net Expected Recoveries from

Breaches of R&W Rollforward

Third Quarter 2014



	Future Net R&W Benefit as of June 30, 2014		R&W Development and Accretion of Discount During Third Quarter 2014			R&W (Recovered) During Third Quarter 2014			Future Net R&W Benefit as of September 30, 2014
	(in millions)
U.S. RMBS:
First lien:
Prime first lien	$	3	$	1		$	(1	)	$	3
Alt-A first lien	263		19			(79		)	203
Option ARM	144		10			(76		)	78
Subprime	99		5			(7		)	97
Total first lien	509		35			(163		)	381
Second lien:
Closed-end second lien	93		(1		)	(3		)	89
HELOC	49		59			—			108
Total second lien	142		58			(3		)	197
Total	$	651	$	93		$	(166	)	$	578

Net Expected Recoveries from

Breaches of R&W Rollforward

Nine Months 2015



	Future Net R&W Benefit as of December 31, 2014		Future Net R&W Benefit on Radian Asset portfolio as of April 1,2015		R&W Development and Accretion of Discount During 2015			R&W (Recovered) During 2015			Future Net R&W Benefit as of September 30, 2015 (1)
	(in millions)
U.S. RMBS:
First lien:
Prime first lien	$	2	$	—	$	(1	)	$	0		$	1
Alt-A first lien	106		—		(1		)	(5		)	100
Option ARM	15		—		(19		)	(54		)	(58		)
Subprime	109		1		(27		)	(9		)	74
Total first lien	232		1		(48		)	(68		)	117
Second lien:
Closed-end second lien	85		1		0			(5		)	81
HELOC	—		—		—			—			—
Total second lien	85		1		—			(5		)	81
Total	$	317	$	2	$	(48	)	$	(73	)	$	198

Net Expected Recoveries from

Breaches of R&W Rollforward

Nine Months 2014



	Future Net R&W Benefit as of December 31, 2013		R&W Development and Accretion of Discount During 2014			R&W (Recovered) During 2014			Future Net R&W Benefit as of September 30, 2014
	(in millions)
U.S. RMBS:
First lien:
Prime first lien	$	4	$	—		$	(1	)	$	3
Alt-A first lien	274		20			(91		)	203
Option ARM	173		30			(125		)	78
Subprime	118		34			(55		)	97
Total first lien	569		84			(272		)	381
Second lien:
Closed-end second lien	98		(4		)	(5		)	89
HELOC	45		80			(17		)	108
Total second lien	143		76			(22		)	197
Total	$	712	$	160		$	(294	)	$	578

___________________

(1) See the section "Breaches of Representations and Warranties" below for eligible assets held in trust.

Net Expected Loss to be Paid By Accounting Model

Net Expected Loss to be Paid (Recovered)

By Accounting Model

As of September 30, 2015



	Financial Guaranty Insurance			FG VIEs(1) and Other		Credit Derivatives(2)			Total
	(in millions)
Public Finance:
U.S. public finance	$	687		$	—	$	0		$	687
Non-U.S. public finance	43			—		—			43
Public Finance	730			—		0			730
Structured Finance:
U.S. RMBS:
First lien:
Prime first lien	2			—		(2		)	0
Alt-A first lien	109			16		(79		)	46
Option ARM	(17		)	—		1			(16		)
Subprime	159			63		57			279
Total first lien	253			79		(23		)	309
Second lien:
Closed-end second lien	(23		)	30		4			11
HELOCs	7			8		—			15
Total second lien	(16		)	38		4			26
Total U.S. RMBS	237			117		(19		)	335
Triple-X life insurance transactions	88			—		10			98
TruPS	0			—		5			5
Student loans	56			—		—			56
Other structured finance	34			18		31			83
Structured Finance	415			135		27			577
Total	$	1,145		$	135	$	27		$	1,307

Net Expected Loss to be Paid (Recovered)

By Accounting Model

As of December 31, 2014



	Financial Guaranty Insurance			FG VIEs(1) and Other			Credit Derivatives(2)			Total
	(in millions)
Public Finance:
U.S. public finance	$	303		$	—		$	—		$	303
Non-U.S. public finance	45			—			—			45
Public Finance	348			—			—			348
Structured Finance:
U.S. RMBS:
First lien:
Prime first lien	2			—			2			4
Alt-A first lien	288			17			(1		)	304
Option ARM	(15		)	—			(1		)	(16		)
Subprime	163			71			69			303
Total first lien	438			88			69			595
Second lien:
Closed-end second lien	(27		)	31			4			8
HELOCs	(26		)	7			—			(19		)
Total second lien	(53		)	38			4			(11		)
Total U.S. RMBS	385			126			73			584
Triple-X life insurance transactions	153			—			8			161
TruPS	1			—			22			23
Student loans	68			—			—			68
Other structured finance	34			(4		)	(45		)	(15		)
Structured Finance	641			122			58			821
Total	$	989		$	122		$	58		$	1,169

___________________

(1) Refer to Note 10, Consolidated Variable Interest Entities.

(2) Refer to Note 9, Financial Guaranty Contracts Accounted for as Credit Derivatives.

Schedule of Net Economic Loss Development

Net Economic Loss Development (Benefit)

By Accounting Model

Third Quarter 2015



	Financial Guaranty Insurance			FG VIEs(1) and Other		Credit Derivatives(2)			Total
	(in millions)
Public Finance:
U.S. public finance	$	91		$	—	$	1		$	92
Non-U.S. public finance	(1		)	—		0			(1		)
Public Finance	90			—		1			91
Structured Finance:
U.S. RMBS:
First lien:
Prime first lien	0			—		0			0
Alt-A first lien	(44		)	0		(67		)	(111		)
Option ARM	(2		)	—		(2		)	(4		)
Subprime	16			7		3			26
Total first lien	(30		)	7		(66		)	(89		)
Second lien:
Closed-end second lien	(1		)	1		0			0
HELOCs	12			1		—			13
Total second lien	11			2		0			13
Total U.S. RMBS	(19		)	9		(66		)	(76		)
Triple-X life insurance transactions	(1		)	—		2			1
TruPS	0			—		(5		)	(5		)
Student loans	(2		)	—		—			(2		)
Other structured finance	(1		)	0		(11		)	(12		)
Structured Finance	(23		)	9		(80		)	(94		)
Total	$	67		$	9	$	(79	)	$	(3	)

Net Economic Loss Development (Benefit)

By Accounting Model

Third Quarter 2014



	Financial Guaranty Insurance			FG VIEs(1) and Other			Credit Derivatives(2)			Total
	(in millions)
Public Finance:
U.S. public finance	$	2		$	—		$	—		$	2
Non-U.S. public finance	(1		)	—			—			(1		)
Public Finance	1			—			—			1
Structured Finance:
U.S. RMBS:
First lien:
Prime first lien	(1		)	—			—			(1		)
Alt-A first lien	6			(2		)	(22		)	(18		)
Option ARM	7			—			(7		)	—
Subprime	(21		)	8			2			(11		)
Total first lien	(9		)	6			(27		)	(30		)
Second lien:
Closed-end second lien	2			1			(1		)	2
HELOCs	(48		)	14			—			(34		)
Total second lien	(46		)	15			(1		)	(32		)
Total U.S. RMBS	(55		)	21			(28		)	(62		)
Triple-X life insurance transactions	3			—			—			3
TruPS	(1		)	—			(4		)	(5		)
Student loans	6			—			—			6
Other structured finance	(4		)	—			(2		)	(6		)
Structured Finance	(51		)	21			(34		)	(64		)
Total	$	(50	)	$	21		$	(34	)	$	(63	)

Net Economic Loss Development (Benefit)

By Accounting Model

Nine Months 2015



	Financial Guaranty Insurance			FG VIEs(1) and Other			Credit Derivatives(2)			Total
	(in millions)
Public Finance:
U.S. public finance	$	332		$	—		$	(5	)	$	327
Non-U.S. public finance	(6		)	—			0			(6		)
Public Finance	326			—			(5		)	321
Structured Finance:
U.S. RMBS:
First lien:
Prime first lien	0			—			(1		)	(1		)
Alt-A first lien	(54		)	(1		)	(77		)	(132		)
Option ARM	(5		)	—			2			(3		)
Subprime	12			10			(3		)	19
Total first lien	(47		)	9			(79		)	(117		)
Second lien:
Closed-end second lien	(2		)	0			0			(2		)
HELOCs	14			1			—			15
Total second lien	12			1			0			13
Total U.S. RMBS	(35		)	10			(79		)	(104		)
Triple-X life insurance transactions	4			—			4			8
TruPS	(1		)	—			(17		)	(18		)
Student loans	(7		)	—			—			(7		)
Other structured finance	(1		)	0			(13		)	(14		)
Structured Finance	(40		)	10			(105		)	(135		)
Total	$	286		$	10		$	(110	)	$	186

Net Economic Loss Development (Benefit)

By Accounting Model

Nine Months 2014



	Financial Guaranty Insurance			FG VIEs(1) and Other			Credit Derivatives(2)			Total
	(in millions)
Public Finance:
U.S. public finance	$	107		$	—		$	—		$	107
Non-U.S. public finance	(5		)	—			(1		)	(6		)
Public Finance	102			—			(1		)	101
Structured Finance:
U.S. RMBS:
First lien:
Prime first lien	—			—			(11		)	(11		)
Alt-A first lien	32			(12		)	(26		)	(6		)
Option ARM	(32		)	1			(8		)	(39		)
Subprime	(25		)	9			4			(12		)
Total first lien	(25		)	(2		)	(41		)	(68		)
Second lien:
Closed-end second lien	—			4			(2		)	2
HELOCs	(138		)	73			—			(65		)
Total second lien	(138		)	77			(2		)	(63		)
Total U.S. RMBS	(163		)	75			(43		)	(131		)
Triple-X life insurance transactions	20			—			1			21
TruPS	(2		)	—			(22		)	(24		)
Student loans	12			—			—			12
Other structured finance	(6		)	(1		)	—			(7		)
Structured Finance	(139		)	74			(64		)	(129		)
Total	$	(37	)	$	74		$	(65	)	$	(28	)

_________________

(1) Refer to Note 10, Consolidated Variable Interest Entities.

(2) Refer to Note 9, Financial Guaranty Contracts Accounted for as Credit Derivatives.

Liquidation Rates and Key Assumptions in Base Case Expected Loss Estimates First Lien RMBS

First Lien Liquidation Rates



	September 30, 2015	June 30, 2015	December 31, 2014
Current Loans Modified in the Previous 12 Months
Alt A and Prime	25%	25%	25%
Option ARM	25	25	25
Subprime	25	25	25
Current Loans Delinquent in the Previous 12 Months
Alt A and Prime	25	25	25
Option ARM	25	25	25
Subprime	25	25	25
30 – 59 Days Delinquent
Alt A and Prime	35	35	35
Option ARM	45	40	40
Subprime	50	35	35
60 – 89 Days Delinquent
Alt A and Prime	45	50	50
Option ARM	55	55	55
Subprime	55	40	40
90+ Days Delinquent
Alt A and Prime	55	60	60
Option ARM	65	65	65
Subprime	60	55	55
Bankruptcy
Alt A and Prime	45	45	45
Option ARM	50	50	50
Subprime	40	40	40
Foreclosure
Alt A and Prime	65	75	75
Option ARM	75	80	80
Subprime	70	70	70
Real Estate Owned
All	100	100	100

Key Assumptions in Base Case Expected Loss Estimates

First Lien RMBS(1)



	As of September 30, 2015					As of June 30, 2015					As of December 31, 2014
	Range				Weighted Average	Range				Weighted Average	Range				Weighted Average
Alt-A First Lien
Plateau CDR	2.4	%	-	15.4%	6.4%	1.7	%	–	13.3%	7.1%	2.0	%	–	13.4%	7.3%
Intermediate CDR	0.5	%	-	3.1%	1.3%	0.3	%	–	2.7%	1.4%	0.4	%	–	2.7%	1.5%
Period until intermediate CDR	48 months					48 months					48 months
Final CDR	0.1	%	-	0.8%	0.3%	0.1	%	–	0.7%	0.3%	0.1	%	–	0.7%	0.3%
Initial loss severity:
2005 and prior	60.0%					60.0%					60.0%
2006	70.0%					70.0%					70.0%
2007	65.0%					65.0%					65.0%
Initial conditional prepayment rate ("CPR")	2.7	%	-	32.0%	8.9%	1.6	%	–	27.7%	8.5%	1.7	%	–	21.0%	7.7%
Final CPR(2)	15.0	%	-	32.0%	15.5%	15.0	%	–	27.7%	15.3%	15%
Option ARM
Plateau CDR	3.6	%	-	11.2%	8.5%	4.0	%	–	12.1%	9.2%	4.3	%	–	14.2%	10.6%
Intermediate CDR	0.7	%	-	2.2%	1.7%	0.8	%	–	2.4%	1.8%	0.9	%	–	2.8%	2.1%
Period until intermediate CDR	48 months					48 months					48 months
Final CDR	0.2	%	-	0.6%	0.4%	0.2	%	–	0.6%	0.5%	0.2	%	–	0.7%	0.5%
Initial loss severity:
2005 and prior	60.0%					60.0%					60.0%
2006	70.0%					70.0%					70.0%
2007	65.0%					65.0%					65.0%
Initial CPR	2.2	%	-	7.8%	4.9%	1.6	%	–	12.3%	5.0%	1.1	%	–	11.8%	4.9%
Final CPR(2)	15%					15%					15%
Subprime
Plateau CDR	5.0	%	-	13.7%	10.0%	4.9	%	–	13.5%	9.7%	4.9	%	–	15.0%	10.6%
Intermediate CDR	1.0	%	-	2.7%	2.0%	1.0	%	–	2.7%	1.9%	1.0	%	–	3.0%	2.1%
Period until intermediate CDR	48 months					48 months					48 months
Final CDR	0.3	%	-	0.7%	0.4%	0.2	%	–	0.7%	0.4%	0.2	%	–	0.7%	0.4%
Initial loss severity:
2005 and prior	75.0%					75.0%					75.0%
2006	90.0%					90.0%					90.0%
2007	90.0%					90.0%					90.0%
Initial CPR	0.0	%	-	9.3%	3.9%	0.0	%	–	8.7%	4.0%	0.0	%	–	10.5%	6.1%
Final CPR(2)	15%					15%					15%

____________________

(1) Represents variables for most heavily weighted scenario (the “base case”).


(2)	For transactions where the initial CPR is higher than the final CPR, the initial CPR is held constant and the final CPR is not used.

Key Assumptions in Base Case Expected Loss Estimates Second Lien RMBS

Key Assumptions in Base Case Expected Loss Estimates

Second Lien RMBS(1)



HELOC key assumptions	As of September 30, 2015					As of June 30, 2015					As of December 31, 2014
	Range				Weighted Average	Range				Weighted Average	Range				Weighted Average
Plateau CDR	6.0	%	–	24.0%	9.5%	5.3	%	–	23.3%	8.9%	2.8	%	–	6.8%	4.1%
Final CDR trended down to	0.5	%	–	3.2%	1.2%	0.5	%	–	3.2%	1.2%	0.5	%	–	3.2%	1.2%
Period until final CDR	34 months					34 months					34 months
Initial CPR	9.8%				9.8%	9.3%				9.3%	6.9	%	–	21.8%	11.0%
Final CPR(2)	10.0	%	–	15.0%	13.3%	10.0	%	–	15.0%	13.25%	15.0	%	–	21.8%	15.5%
Loss severity	90.0	%	–	98.0%	90.3%	90.0	%	–	98.0%	90.5%	90.0	%	–	98.0%	90.4%



Closed-end second lien key assumptions	As of September 30, 2015					As of June 30, 2015					As of December 31, 2014
	Range				Weighted Average	Range				Weighted Average	Range				Weighted Average
Plateau CDR	6.0	%	–	19.7%	10.2%	6.0	%	–	21.4%	10.8%	5.5	%	–	12.5%	7.2%
Final CDR trended down to	3.5	%	–	9.2%	4.8%	3.5	%	–	9.2%	4.8%	3.5	%	–	9.1%	4.9%
Period until final CDR	34 months					34 months					34 months
Initial CPR	5.7	%	–	15.1%	9%	5.3	%	–	13.4%	8.6%	2.8	%	–	13.9%	9.9%
Final CPR(2)	15.0	%	–	15.1%	15%	15%					15%
Loss severity	98%					98%					98%

____________________


(1)	Represents variables for most heavily weighted scenario (the “base case”).


(2)	For transactions where the initial CPR is higher than the final CPR, the initial CPR is held constant and the final CPR is not used.

Components of Development and Accretion Amounts of Estimated Recoveries

The following table provides a breakdown of the development and accretion amount in the roll forward of estimated recoveries associated with claims for breaches of R&W.

Components of R&W Development



	Third Quarter						Nine Months
	2015			2014			2015			2014
	(in millions)
Estimated increase (decrease) in defaults that will result in additional (lower) breaches	$	(16	)	$	(4	)	$	(65	)	$	(15	)
Inclusion or removal of deals with breaches of R&W during period	—			—			0			—
Change in recovery assumptions	—			4			—			31
Settlements and anticipated settlements	14			90			14			96
Accretion of discount on balance	1			3			3			48
Total	$	(1	)	$	93		$	(48	)	$	160