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Acquisition of Radian Asset Assurance Inc. - Assets and Liabilities Assumed (Details) - Radian [Member]
$ in Millions
Apr. 01, 2015
USD ($)
Business Acquisition [Line Items]  
Cash purchase price $ 804 [1]
Identifiable assets acquired:  
Investments 1,473
Cash 4
Ceded unearned premium reserve, fair value of net assets acquired, before settlement of pre-existing relationships (3)
Ceded unearned premium reserve, net effect of settlement of pre-existing relationships (65)
Ceded unearned premium reserve (68)
Credit derivative assets 30
Deferred tax asset, net, fair value of net assets acquired 263
Deferred tax asset, net, settlement of pre-existing relationships (56)
Deferred tax asset, net 207
Financial guaranty VIE assets 122
Other assets, fair value of net assets acquired 86
Other assets, settlement of pre-existing relationship (67)
Other assets 19
Total assets, fair value of net assets acquired 1,975
Total assets, settlement of pre-existing relationships (188)
Total assets 1,787
Liabilities assumed:  
Unearned premium reserves, fair value of net assets acquired 697
Unearned premium reserves, settlement of pre-existing relationships (216)
Unearned premium reserves 481
Credit derivative liabilities, fair value of net assets acquired 271
Credit derivative liabilities, settlement of pre-existing relationship (26)
Credit derivative liabilities 245
Financial guaranty VIE liabilities 118
Other liabilities, fair value of net assets acquired 30
Other liabilities, settlement of pre-existing relationship (49)
Other liabilities (19)
Total liabilities, fair value of net assets acquired 1,116
Total liabilities, settlement of pre-existing relationships (291)
Total liabilities 825
Net assets resulting from acquisition, fair value of net assets acquired 859
Net assets resulting from acquisition, settlement of pre-existing relationships 103
Net asset effect of Radian Asset Acquisition 962
Bargain purchase gain and settlement of pre-existing relationships resulting from Radian Asset Acquisition, after tax, fair value of net assets acquired 55
Bargain purchase gain and settlement of pre-existing relationships resulting from Radian Asset Acquisition, after-tax, settlement of pre-existing relationships 103
Bargain purchase gain and settlement of pre-existing relationships resulting from Radian Asset Acquisition, after-tax 158
Deferred tax, settlement of pre-existing relationships 56
Deferred tax 56
Bargain purchase gain and settlement of pre-existing relationships resulting from Radian Asset Acquisitions, pre-tax, fair value of net assets acquired 55
Bargain purchase gain and settlement of pre-existing relationships resulting from Radian Asset Acquisition, pre-tax, settlement of pre-existing relationships 159
Bargain purchase gain and settlement of pre-existing relationships resulting from Radian Asset Acquisition, pre-tax 214
Consideration transferred 987
Assumed assets including pre-existing relationship 1,042
Settlement of pre-existing relationship $ (183)
[1] The cash purchase price of $804 million was the cash transferred for the acquisition which was allocated as follows: (1) $987 million for the purchase of net assets of $1,042 million, and (2) the settlement of pre-existing relationships between Radian and Assured Guaranty at a fair value of $(183) million.