XML 90 R79.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value Measurement - Fair Value Level 3 Rollforward Recurring Basis (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Short-term Investments [Member]        
Fair Value Level 3 Rollforward        
Fair value at beginning of period       $ 60
Total Pretax Realized And Unrealized Gains (Losses) Recorded As Assets [Abstract]        
Net Income (loss)       0
Other comprehensive income (loss)       0
Purchases       0
Settlements       (60)
FG VIE deconsolidations       0
Fair value at end of period   $ 0   0
Change in unrealized gains/(losses) related to financial instruments held       0
FG VIEs' assets, at fair value [Member]        
Fair Value Level 3 Rollforward        
Fair value at beginning of period $ 781 1,191 $ 876 1,261
Acquisitions     0  
Total Pretax Realized And Unrealized Gains (Losses) Recorded As Assets [Abstract]        
Net Income (loss) 11 113 28 109
Other comprehensive income (loss) 0 0 0 0
Purchases 0 0 0 0
Settlements (35) (490) (81) (556)
FG VIE Consolidations     21  
FG VIE deconsolidations     (87) 0
Transfers into Level 3 0   0  
Transfers out of Level 3 0      
Fair value at end of period 757 814 757 814
Change in unrealized gains/(losses) related to financial instruments held 19 11 40 15
Other Assets and Other Invested Assets [Member]        
Fair Value Level 3 Rollforward        
Fair value at beginning of period 63 49 65 65
Acquisitions     0  
Total Pretax Realized And Unrealized Gains (Losses) Recorded As Assets [Abstract]        
Net Income (loss) 2 (11) 0 (27)
Other comprehensive income (loss) 0 0 0 0
Purchases 0 0 0 0
Settlements 0 0 0 0
FG VIE Consolidations     0  
FG VIE deconsolidations     0 0
Transfers into Level 3 0   0  
Transfers out of Level 3 0      
Fair value at end of period 65 38 65 38
Change in unrealized gains/(losses) related to financial instruments held 2 (11) 0 (27)
Obligations of state and political subdivisions [Member] | Fixed Maturities [Member]        
Fair Value Level 3 Rollforward        
Fair value at beginning of period 42 7 39 8
Acquisitions     0  
Total Pretax Realized And Unrealized Gains (Losses) Recorded As Assets [Abstract]        
Net Income (loss) 1 0 2 0
Other comprehensive income (loss) (7) 1 (3) 1
Purchases 0 33 0 33
Settlements 0 0 (2) (1)
FG VIE Consolidations     0  
FG VIE deconsolidations     0 0
Transfers into Level 3 55   55  
Transfers out of Level 3 0      
Fair value at end of period 91 41 91 41
Change in unrealized gains/(losses) related to financial instruments held 9 1 13 1
Corporate securities [Member] | Fixed Maturities [Member]        
Fair Value Level 3 Rollforward        
Fair value at beginning of period 62 74 60 71
Acquisitions     0  
Total Pretax Realized And Unrealized Gains (Losses) Recorded As Assets [Abstract]        
Net Income (loss) 1 2 3 4
Other comprehensive income (loss) 0 (18) 0 (17)
Purchases 0 0 0 0
Settlements 0 0 0 0
FG VIE Consolidations     0  
FG VIE deconsolidations     0 0
Transfers into Level 3 0   0  
Transfers out of Level 3 0      
Fair value at end of period 63 58 63 58
Change in unrealized gains/(losses) related to financial instruments held 0 (18) 0 (17)
RMBS [Member] | Fixed Maturities [Member]        
Fair Value Level 3 Rollforward        
Fair value at beginning of period 402 360 365 348
Acquisitions     0  
Total Pretax Realized And Unrealized Gains (Losses) Recorded As Assets [Abstract]        
Net Income (loss) 20 4 18 2
Other comprehensive income (loss) (1) 3 26 (2)
Purchases 2 6 29 40
Settlements (66) (24) (81) (39)
FG VIE Consolidations     0  
FG VIE deconsolidations     0 0
Transfers into Level 3 0   0  
Transfers out of Level 3 0      
Fair value at end of period 357 349 357 349
Change in unrealized gains/(losses) related to financial instruments held 13 2 26 (3)
Asset-backed Securities [Member] | Fixed Maturities [Member]        
Fair Value Level 3 Rollforward        
Fair value at beginning of period 602 639 805 657
Acquisitions     7  
Total Pretax Realized And Unrealized Gains (Losses) Recorded As Assets [Abstract]        
Net Income (loss) 11 10 85 11
Other comprehensive income (loss) 51 (5) 58 (10)
Purchases 4 0 56 0
Settlements (7) (80) (355) (94)
FG VIE Consolidations     0  
FG VIE deconsolidations     0 0
Transfers into Level 3 0   0  
Transfers out of Level 3 (5)      
Fair value at end of period 656 564 656 564
Change in unrealized gains/(losses) related to financial instruments held 51 (4) 124 (10)
FG VIEs' liabilities with recourse, at fair value [Member]        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair value at beginning of period (721) (1,165) (807) (1,225)
Acquisitions     0  
Total Pretax Realized And Unrealized Gains (Losses) Recorded As Liabilities [Abstract]        
Net income (loss) (2) (112) (11) (91)
Other comprehensive income (loss) 0 0 0 0
Purchases 0 0 0 0
Settlements 34 487 78 526
FG VIE consolidations     0  
FG VIE deconsolidations     51 0
Transfers into Level 3 0   0  
Transfers out of Level 3 0      
Fair value at end of period (689) (790) (689) (790)
Change in unrealized gains/(losses) related to financial instruments held (2) (2) (9) 19
Financial Guaranty Variable Interest Liabilities without Recourse [Member]        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair value at beginning of period (134) (119) (151) (124)
Acquisitions     0  
Total Pretax Realized And Unrealized Gains (Losses) Recorded As Liabilities [Abstract]        
Net income (loss) (1) 2 (3) 4
Other comprehensive income (loss) 0 0 0 0
Purchases 0 0 0 0
Settlements 4 2 8 5
FG VIE consolidations     (21)  
FG VIE deconsolidations     36 0
Transfers into Level 3 0   0  
Transfers out of Level 3 0      
Fair value at end of period (131) (115) (131) (115)
Change in unrealized gains/(losses) related to financial instruments held (1) 2 (3) 3
Credit Risk Contract [Member]        
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]        
Fair value at start of period (350) (434) (389) (365)
Acquisitions     0  
Total Pretax Realized And Unrealized Gains (Losses) Recorded As Net Derivative Asset (Liability) [Abstract]        
Net income (loss) (6) 63 48 3
Other comprehensive income (loss) 0 0 0 0
Purchases 0 0 0 0
Settlements (5) (25) (20) (34)
FG VIE consolidations     0  
PG VIE deconsolidations     0 0
Transfers into Level 3 0   0  
Transfers out of level 3 0      
Fair value at end of period (361) (396) (361) (396)
Change in unrealized gains/(losses) related to financial instruments held as of June 30, 2017 $ (13) $ (20) $ 12 $ (99)