XML 89 R75.htm IDEA: XBRL DOCUMENT v3.5.0.2
Financial Guaranty Insurance - BIG Transaction Loss Summary (Details)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2016
USD ($)
risk
Dec. 31, 2015
USD ($)
risk
Discount    
Total $ (242)  
Reserves (salvage)    
Total $ 567 $ 872
BIG [Member]    
Number of risks    
Total (in contracts) | risk [1],[2],[3] 402 419
Remaining weighted average contract period    
Total (in years) 10 years 2 months 4 days 10 years 8 months 4 days
Principal    
Total [3] $ 12,834 $ 13,574
Interest    
Total 6,759 7,419
Total net outstanding exposure    
Total [4] 19,593 20,993
Expected cash outflows (inflows)    
Total 2,305 2,510
Potential recoveries    
Total, Undiscounted R&W 82 (54)
Total, Other [5] (1,168) (985)
Total (1,086) (1,039)
Subtotal    
Total 1,219 1,471
Discount    
Total (242) (232)
Present value of expected cash flows    
Net expected loss to be paid 977 1,239
Deferred premium revenue    
Total 791 734
Reserves (salvage)    
Total $ 566 $ 857
BIG [Member] | BIG 1 [Member]    
Number of risks    
Total (in contracts) | risk [1],[3] 182 202
Principal    
Total [3] $ 4,470 $ 7,019
BIG [Member] | BIG 2 [Member]    
Number of risks    
Total (in contracts) | risk [1],[3] 76 85
Principal    
Total [3] $ 3,861 $ 3,655
BIG [Member] | BIG 3 [Member]    
Number of risks    
Total (in contracts) | risk [1],[3] 144 132
Principal    
Total [3] $ 4,503 $ 2,900
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]    
Number of risks    
Total (in contracts) | risk [2] 402 419
Remaining weighted average contract period    
Total (in years) 10 years 2 months 4 days 10 years 8 months 4 days
Principal    
Total $ 12,834 $ 13,574
Interest    
Total 6,759 7,419
Total net outstanding exposure    
Total [4] 19,593 20,993
Expected cash outflows (inflows)    
Total 2,631 2,853
Potential recoveries    
Total, Undiscounted R&W 82 (61)
Total, Other [5] (1,368) (1,167)
Total (1,286) (1,228)
Subtotal    
Total 1,345 1,625
Discount    
Total (261) (266)
Present value of expected cash flows    
Net expected loss to be paid 1,084 1,359
Deferred premium revenue    
Total 881 834
Reserves (salvage)    
Total $ 632 $ 931
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | BIG 1 [Member]    
Number of risks    
Total (in contracts) | risk [2] 182 202
Ceded (in contracts) | risk [2] (39) (46)
Remaining weighted average contract period    
Gross (in years) 9 years 1 month 2 days 10 years
Ceded (in years) 7 years 4 months 8 days 8 years 8 months 4 days
Principal    
Gross $ 4,813 $ 7,751
Ceded (343) (732)
Interest    
Gross 2,326 4,109
Ceded (154) (354)
Total net outstanding exposure    
Gross [4] 7,139 11,860
Ceded [4] (497) (1,086)
Expected cash outflows (inflows)    
Gross 210 386
Ceded (21) (42)
Total (266) 105
Potential recoveries    
Gross, Undiscounted R&W 138 69
Ceded, Undiscounted R&W (3) (2)
Gross, Other [5] (668) (372)
Ceded, Other [5] 29 12
Gross (530) (303)
Ceded 26 10
Subtotal    
Gross (320) 83
Ceded 5 (32)
Discount    
Gross 54 22
Ceded (3) 5
Present value of expected cash flows    
Ceded 2 (27)
Deferred premium revenue    
Gross 172 371
Ceded (5) (37)
Reserves (salvage)    
Gross (325) 2
Ceded $ 5 $ (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] (10) (13)
Remaining weighted average contract period    
Gross (in years) 13 years 6 months 13 years 9 months 6 days
Ceded (in years) 10 years 9 months 6 days 9 years 6 months
Principal    
Gross $ 4,277 $ 3,895
Ceded (416) (240)
Interest    
Gross 2,973 2,805
Ceded (224) (110)
Total net outstanding exposure    
Gross [4] 7,250 6,700
Ceded [4] (640) (350)
Expected cash outflows (inflows)    
Gross 1,302 1,158
Ceded (86) (60)
Total 926 705
Potential recoveries    
Gross, Undiscounted R&W (2) (49)
Ceded, Undiscounted R&W 0 1
Gross, Other [5] (125) (167)
Ceded, Other [5] 3 8
Gross (127) (216)
Ceded 3 9
Subtotal    
Gross 1,175 942
Ceded (83) (51)
Discount    
Gross (249) (237)
Ceded 14 11
Present value of expected cash flows    
Ceded (69) (40)
Deferred premium revenue    
Gross 256 150
Ceded (6) (4)
Reserves (salvage)    
Gross 749 591
Ceded $ (64) $ (38)
BIG [Member] | Consolidated Entity Excluding Variable Interest Entities (VIE) [Member] | BIG 3 [Member]    
Number of risks    
Total (in contracts) | risk [2] 144 132
Ceded (in contracts) | risk [2] (48) (44)
Remaining weighted average contract period    
Gross (in years) 8 years 1 month 2 days 7 years 8 months 4 days
Ceded (in years) 6 years 5 years 10 months 8 days
Principal    
Gross $ 4,834 $ 3,087
Ceded (331) (187)
Interest    
Gross 1,929 1,011
Ceded (91) (42)
Total net outstanding exposure    
Gross [4] 6,763 4,098
Ceded [4] (422) (229)
Expected cash outflows (inflows)    
Gross 1,286 1,464
Ceded (60) (53)
Total 605 734
Potential recoveries    
Gross, Undiscounted R&W (52) (85)
Ceded, Undiscounted R&W 1 5
Gross, Other [5] (648) (672)
Ceded, Other [5] 41 24
Gross (700) (757)
Ceded 42 29
Subtotal    
Gross 586 707
Ceded (18) (24)
Discount    
Gross 19 27
Ceded (96) (94)
Present value of expected cash flows    
Ceded (114) (118)
Deferred premium revenue    
Gross 496 386
Ceded (32) (32)
Reserves (salvage)    
Gross 272 404
Ceded (5) (9)
BIG [Member] | Variable Interest Entity, Primary Beneficiary [Member]    
Expected cash outflows (inflows)    
Total (326) (343)
Potential recoveries    
Total, Undiscounted R&W 0 7
Total, Other [5] 200 182
Total 200 189
Subtotal    
Total (126) (154)
Discount    
Total 19 34
Present value of expected cash flows    
Net expected loss to be paid (107) (120)
Deferred premium revenue    
Total (90) (100)
Reserves (salvage)    
Total $ (66) $ (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.