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Financial Guaranty Insurance - BIG Transaction Loss Summary (Details)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2016
USD ($)
risk
Dec. 31, 2015
USD ($)
risk
Discount    
Total $ (199)  
Reserves (salvage)    
Total $ 867 $ 872
BIG [Member]    
Number of risks    
Total (in contracts) | risk [1],[2],[3] 405 419
Remaining weighted average contract period    
Total (in years) 10 years 1 month 2 days 10 years 8 months 4 days
Principal    
Total [3] $ 13,704 $ 13,574
Interest    
Total 7,068 7,419
Total net outstanding exposure    
Total [4] 20,772 20,993
Expected cash outflows (inflows)    
Total 2,529 2,510
Potential recoveries    
Total, Undiscounted R&W 85 (54)
Total, Other [5] (1,207) (931)
Total (1,122) (985)
Subtotal    
Total 1,407 1,525
Discount    
Total (199) (286)
Present value of expected cash flows    
Net expected loss to be paid 1,208 1,239
Deferred premium revenue    
Total 614 734
Reserves (salvage)    
Total $ 866 $ 857
BIG [Member] | BIG 1 [Member]    
Number of risks    
Total (in contracts) | risk [1],[3] 198 [6] 202
Principal    
Total [3] $ 6,546 [6] $ 7,019
BIG [Member] | BIG 2 [Member]    
Number of risks    
Total (in contracts) | risk [1],[3] 76 85
Principal    
Total [3] $ 4,119 $ 3,655
BIG [Member] | BIG 3 [Member]    
Number of risks    
Total (in contracts) | risk [1],[3] 131 [6] 132
Principal    
Total [3] $ 3,039 [6] $ 2,900
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Number of risks    
Total (in contracts) | risk [2] 405 419
Remaining weighted average contract period    
Total (in years) 10 years 1 month 2 days 10 years 8 months 4 days
Principal    
Total $ 13,704 $ 13,574
Interest    
Total 7,068 7,419
Total net outstanding exposure    
Total [4] 20,772 20,993
Expected cash outflows (inflows)    
Total 2,859 2,853
Potential recoveries    
Total, Undiscounted R&W 85 (61)
Total, Other [5] (1,407) (1,106)
Total (1,322) (1,167)
Subtotal    
Total 1,537 1,686
Discount    
Total (216) (327)
Present value of expected cash flows    
Net expected loss to be paid 1,321 1,359
Deferred premium revenue    
Total 708 834
Reserves (salvage)    
Total $ 937 $ 931
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | BIG 1 [Member]    
Number of risks    
Total (in contracts) | risk [2] 198 202
Ceded (in contracts) | risk [2] (42) (46)
Remaining weighted average contract period    
Gross (in years) 9 years 9 months 6 days 10 years
Ceded (in years) 7 years 4 months 8 days 8 years 8 months 4 days
Principal    
Gross $ 7,012 $ 7,751
Ceded (466) (732)
Interest    
Gross 3,618 4,109
Ceded (200) (354)
Total net outstanding exposure    
Gross [4] 10,630 11,860
Ceded [4] (666) (1,086)
Expected cash outflows (inflows)    
Gross 331 386
Ceded (27) (42)
Total (81) 105
Potential recoveries    
Gross, Undiscounted R&W 122 69
Ceded, Undiscounted R&W (3) (2)
Gross, Other [5] (667) (441)
Ceded, Other [5] 16 14
Gross (545) (372)
Ceded 13 12
Subtotal    
Gross (214) 14
Ceded (14) (30)
Discount    
Gross 133 91
Ceded (3) 3
Present value of expected cash flows    
Ceded (17) (27)
Deferred premium revenue    
Gross 256 371
Ceded (8) (37)
Reserves (salvage)    
Gross (177) 2
Ceded $ (11) $ (19)
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | BIG 2 [Member]    
Number of risks    
Total (in contracts) | risk [2] 76 85
Ceded (in contracts) | risk [2] (12) (13)
Remaining weighted average contract period    
Gross (in years) 12 years 8 months 4 days 13 years 9 months 6 days
Ceded (in years) 10 years 9 years 6 months
Principal    
Gross $ 4,571 $ 3,895
Ceded (452) (240)
Interest    
Gross 2,991 2,805
Ceded (228) (110)
Total net outstanding exposure    
Gross [4] 7,562 6,700
Ceded [4] (680) (350)
Expected cash outflows (inflows)    
Gross 1,466 1,158
Ceded (82) (60)
Total 934 705
Potential recoveries    
Gross, Undiscounted R&W (2) (49)
Ceded, Undiscounted R&W 0 1
Gross, Other [5] (298) (118)
Ceded, Other [5] 11 7
Gross (300) (167)
Ceded 11 8
Subtotal    
Gross 1,166 991
Ceded (71) (52)
Discount    
Gross (232) (286)
Ceded 12 12
Present value of expected cash flows    
Ceded (59) (40)
Deferred premium revenue    
Gross 152 150
Ceded (7) (4)
Reserves (salvage)    
Gross 811 591
Ceded $ (53) $ (38)
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | BIG 3 [Member]    
Number of risks    
Total (in contracts) | risk [2] 131 132
Ceded (in contracts) | risk [2] (46) (44)
Remaining weighted average contract period    
Gross (in years) 6 years 7 months 2 days 7 years 8 months 4 days
Ceded (in years) 5 years 1 month 2 days 5 years 10 months 8 days
Principal    
Gross $ 3,276 $ 3,087
Ceded (237) (187)
Interest    
Gross 937 1,011
Ceded (50) (42)
Total net outstanding exposure    
Gross [4] 4,213 4,098
Ceded [4] (287) (229)
Expected cash outflows (inflows)    
Gross 1,228 1,464
Ceded (57) (53)
Total 667 734
Potential recoveries    
Gross, Undiscounted R&W (33) (85)
Ceded, Undiscounted R&W 1 5
Gross, Other [5] (499) (587)
Ceded, Other [5] 30 19
Gross (532) (672)
Ceded 31 24
Subtotal    
Gross 696 792
Ceded (26) (29)
Discount    
Gross (29) (58)
Ceded (97) (89)
Present value of expected cash flows    
Ceded (123) (118)
Deferred premium revenue    
Gross 347 386
Ceded (32) (32)
Reserves (salvage)    
Gross 378 404
Ceded (11) (9)
BIG [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Expected cash outflows (inflows)    
Total (330) (343)
Potential recoveries    
Total, Undiscounted R&W 0 7
Total, Other [5] 200 175
Total 200 182
Subtotal    
Total (130) (161)
Discount    
Total 17 41
Present value of expected cash flows    
Net expected loss to be paid (113) (120)
Deferred premium revenue    
Total (94) (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.
[6] Subsequent to June 30, 2016, and as a result of its July 1, 2016 Puerto Rico claim payments, the Company downgraded from BIG 1 to BIG 3 $1,803 million net par outstanding of financial guaranty insurance across two risks.