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Financial Guaranty Insurance - Reconciliation of Net Expected Loss to be Paid and Expensed (Details) - USD ($)
$ in Millions
Sep. 30, 2016
Jun. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Dec. 31, 2014
Guarantor Obligations [Line Items]            
Net expected loss to be paid after recoveries for R&W $ (1,090) [1] $ (1,326) $ (1,391) [1] $ (1,307) $ (1,510) $ (1,169)
Contra-paid, net [2],[3] 38   6      
Loss and LAE reserve - financial guaranty insurance contracts, net of reinsurance [4] (1,004)   (998)      
Other recoveries 5   3      
Net expected loss to be expensed 449          
Variable Interest Entity, Primary Beneficiary [Member]            
Guarantor Obligations [Line Items]            
Net expected loss to be expensed 70          
Financial Guarantee Insurance And Other Product Line [Member]            
Guarantor Obligations [Line Items]            
Net expected loss to be paid after recoveries for R&W [5] 977          
Contra-paid, net 38          
Salvage and subrogation recoverable, net of reinsurance 432          
Loss and LAE reserve - financial guaranty insurance contracts, net of reinsurance (1,003)          
Other recoveries 5          
Net expected loss to be expensed [6] 449          
Financial Guarantee Insurance And Other Product Line [Member] | Variable Interest Entity, Primary Beneficiary [Member]            
Guarantor Obligations [Line Items]            
Loss and LAE reserve - financial guaranty insurance contracts, net of reinsurance $ 66   $ 74      
[1] Includes expected LAE to be paid of $12 million as of September 30, 2016 and $12 million as of December 31, 2015.
[2] Excludes $93 million and $110 million of deferred premium revenue, and $28 million and $30 million of contra-paid related to FG VIEs as of September 30, 2016 and December 31, 2015, respectively.
[3] See "Financial Guaranty Insurance Losses– Insurance Contracts' Loss Information" below for an explanation of "contra-paid".
[4] See “Components of Net Reserves (Salvage)” table for loss and LAE reserve and salvage and subrogation recoverable components.
[5] See "Net Expected Loss to be Paid (Recovered) by Accounting Model" table in Note 5, Expected Loss to be Paid.
[6] Excludes $70 million as of September 30, 2016, related to consolidated FG VIEs.