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Financial Guaranty Insurance - BIG Transaction Loss Summary (Details)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2016
USD ($)
risk
Dec. 31, 2015
USD ($)
risk
Discount    
Total $ (156)  
Reserves (salvage)    
Total $ 836 $ 872
BIG [Member]    
Number of risks    
Total (in contracts) | risk [1],[2],[3] 417 419
Remaining weighted average contract period    
Total (in years) 10 years 7 months 2 days 10 years 8 months 4 days
Principal    
Total [3] $ 13,538 $ 13,574
Interest    
Total 7,293 7,419
Total net outstanding exposure    
Total [4] 20,831 20,993
Expected cash outflows (inflows)    
Total 2,619 2,510
Potential recoveries    
Total, Undiscounted R&W (23) (54)
Total, Other [5] (1,230) (931)
Total (1,253) (985)
Subtotal    
Total 1,366 1,525
Discount    
Total (156) (286)
Present value of expected cash flows    
Net expected loss to be paid 1,210 1,239
Deferred premium revenue    
Total 670 734
Reserves (salvage)    
Total $ 835 $ 857
BIG [Member] | BIG 1 [Member]    
Number of risks    
Total (in contracts) | risk [1],[3] 202 202
Principal    
Total [3] $ 6,585 $ 7,019
BIG [Member] | BIG 2 [Member]    
Number of risks    
Total (in contracts) | risk [1],[3] 86 85
Principal    
Total [3] $ 4,015 $ 3,655
BIG [Member] | BIG 3 [Member]    
Number of risks    
Total (in contracts) | risk [1],[3] 129 132
Principal    
Total [3] $ 2,938 $ 2,900
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Number of risks    
Total (in contracts) | risk [2] 417 419
Remaining weighted average contract period    
Total (in years) 10 years 7 months 2 days 10 years 8 months 4 days
Principal    
Total $ 13,538 $ 13,574
Interest    
Total 7,293 7,419
Total net outstanding exposure    
Total [4] 20,831 20,993
Expected cash outflows (inflows)    
Total 2,964 2,853
Potential recoveries    
Total, Undiscounted R&W (29) (61)
Total, Other [5] (1,420) (1,106)
Total (1,449) (1,167)
Subtotal    
Total 1,515 1,686
Discount    
Total (189) (327)
Present value of expected cash flows    
Net expected loss to be paid 1,326 1,359
Deferred premium revenue    
Total 766 834
Reserves (salvage)    
Total $ 906 $ 931
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | BIG 1 [Member]    
Number of risks    
Ceded (in contracts) | risk [2] (43) (46)
Total (in contracts) | risk [2] 202 202
Remaining weighted average contract period    
Gross (in years) 10 years 1 month 2 days 10 years
Ceded (in years) 7 years 4 months 8 days 8 years 8 months 4 days
Principal    
Gross $ 7,084 $ 7,751
Ceded (499) (732)
Interest    
Gross 3,764 4,109
Ceded (214) (354)
Total net outstanding exposure    
Gross [4] 10,848 11,860
Ceded [4] (713) (1,086)
Expected cash outflows (inflows)    
Gross 337 386
Ceded (28) (42)
Total (3) 105
Potential recoveries    
Gross, Undiscounted R&W 97 69
Ceded, Undiscounted R&W (2) (2)
Gross, Other [5] (590) (441)
Ceded, Other [5] 16 14
Gross (493) (372)
Ceded 14 12
Subtotal    
Gross (156) 14
Ceded (14) (30)
Discount    
Gross 153 91
Ceded (3) 3
Present value of expected cash flows    
Ceded (17) (27)
Deferred premium revenue    
Gross 280 371
Ceded (10) (37)
Reserves (salvage)    
Gross (96) 2
Ceded $ (12) $ (19)
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | BIG 2 [Member]    
Number of risks    
Ceded (in contracts) | risk [2] (14) (13)
Total (in contracts) | risk [2] 86 85
Remaining weighted average contract period    
Gross (in years) 13 years 1 month 2 days 13 years 9 months 6 days
Ceded (in years) 10 years 4 months 8 days 9 years 6 months
Principal    
Gross $ 4,461 $ 3,895
Ceded (446) (240)
Interest    
Gross 3,058 2,805
Ceded (233) (110)
Total net outstanding exposure    
Gross [4] 7,519 6,700
Ceded [4] (679) (350)
Expected cash outflows (inflows)    
Gross 1,418 1,158
Ceded (77) (60)
Total 838 705
Potential recoveries    
Gross, Undiscounted R&W (42) (49)
Ceded, Undiscounted R&W 1 1
Gross, Other [5] (250) (118)
Ceded, Other [5] 10 7
Gross (292) (167)
Ceded 11 8
Subtotal    
Gross 1,126 991
Ceded (66) (52)
Discount    
Gross (288) (286)
Ceded 14 12
Present value of expected cash flows    
Ceded (52) (40)
Deferred premium revenue    
Gross 156 150
Ceded (7) (4)
Reserves (salvage)    
Gross 717 591
Ceded $ (47) $ (38)
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | BIG 3 [Member]    
Number of risks    
Ceded (in contracts) | risk [2] (45) (44)
Total (in contracts) | risk [2] 129 132
Remaining weighted average contract period    
Gross (in years) 7 years 2 months 4 days 7 years 8 months 4 days
Ceded (in years) 5 years 4 months 8 days 5 years 10 months 8 days
Principal    
Gross $ 3,145 $ 3,087
Ceded (207) (187)
Interest    
Gross 962 1,011
Ceded (44) (42)
Total net outstanding exposure    
Gross [4] 4,107 4,098
Ceded [4] (251) (229)
Expected cash outflows (inflows)    
Gross 1,372 1,464
Ceded (58) (53)
Total 682 734
Potential recoveries    
Gross, Undiscounted R&W (88) (85)
Ceded, Undiscounted R&W 5 5
Gross, Other [5] (631) (587)
Ceded, Other [5] 25 19
Gross (719) (672)
Ceded 30 24
Subtotal    
Gross 653 792
Ceded (28) (29)
Discount    
Gross 29 (58)
Ceded (94) (89)
Present value of expected cash flows    
Ceded (122) (118)
Deferred premium revenue    
Gross 380 386
Ceded (33) (32)
Reserves (salvage)    
Gross 352 404
Ceded (8) (9)
BIG [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Expected cash outflows (inflows)    
Total 345 343
Potential recoveries    
Total, Undiscounted R&W 6 7
Total, Other [5] 190 175
Total 196 182
Subtotal    
Total (149) (161)
Discount    
Total 33 41
Present value of expected cash flows    
Net expected loss to be paid (116) (120)
Deferred premium revenue    
Total (96) (100)
Reserves (salvage)    
Total $ (71) $ (74)
[1] A risk represents the aggregate of the financial guaranty policies that share the same revenue source for purposes of making Debt Service payments.
[2] 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
[3] Includes net par outstanding for VIEs.
[4] Includes BIG amounts related to FG VIEs.
[5] Includes excess spread.