XML 73 R62.htm IDEA: XBRL DOCUMENT v3.10.0.1
Expected Loss to be Paid - Narrative (Details)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
USD ($)
scenario
Sep. 30, 2017
USD ($)
Jun. 30, 2018
USD ($)
scenario
Sep. 30, 2018
USD ($)
Curve
Payment
scenario
Sep. 30, 2017
USD ($)
Dec. 31, 2017
USD ($)
scenario
Jun. 01, 2018
USD ($)
Jun. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
Nov. 26, 2012
USD ($)
Schedule of Expected Losses to be Paid [Line Items]                    
Period of insured credit performance of guaranteed obligations (in some cases over)       30 years            
Discount factor (as a percent)       3.03%   2.38%        
Total net exposure $ 246,940     $ 246,940   $ 264,952        
Net expected loss to be paid after recoveries for R&W 1,191 $ 1,292 $ 1,432 1,191 $ 1,292 $ 1,303   $ 1,297 $ 1,198  
Economic loss development after recoveries for R&W 0 204   $ (5) 298          
Minimum [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Risk free discount rate       0.00%   0.00%        
Maximum [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Risk free discount rate       3.20%   2.78%        
Puerto Rico [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 4,767     $ 4,767   $ 4,966        
Non United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid after recoveries for representations and warranties, percent       3.20%   3.70%        
RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 4,566     $ 4,566   $ 4,818        
Net expected loss to be paid after recoveries for R&W 303 176 326 303 176 73   182 206  
Economic loss development after recoveries for R&W (40) (19)   (52) (70)          
Future net R&W benefit $ 13     $ 13   117        
RMBS [Member] | United States [Member] | Minimum [Member] | HELOCs [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Final CPR 2.50%     2.50%            
HELOCs [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Initial period for which borrower can pay only interest payments       10 years            
Extended period for which borrow can pay only interest payments       5 years            
Other structured finance [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure $ 5,002     $ 5,002   5,272        
Net expected loss to be paid after recoveries for R&W 18 23 24 18 23 27   29 88  
Economic loss development after recoveries for R&W 1 (6)   (3) (59)          
Triple-X Life Insurance Transaction [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 1,185     1,185   1,199        
Student Loan [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 1,200     1,200            
Public Finance [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 235,153     235,153   252,314        
Net expected loss to be paid after recoveries for R&W 870 1,093 1,082 870 1,093 1,203   1,086 904  
Economic loss development after recoveries for R&W 39 229   50 427          
Public Finance [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 190,418     190,418   209,392        
Net expected loss to be paid after recoveries for R&W 832 1,046 1,041 832 1,046 1,157   1,044 871  
Economic loss development after recoveries for R&W 42 229   59 431          
Public Finance [Member] | City of Hartford, Connecticut [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 331     331            
Public Finance [Member] | Non United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 44,735     44,735   42,922        
Net expected loss to be paid after recoveries for R&W 38 47 $ 41 38 47 46   $ 42 $ 33  
Economic loss development after recoveries for R&W (3) 0   (9) (4)          
Public Finance Stockton Pension Oblgiation Bonds [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 110     110            
Non-Infrastructure Public Finance [Member] | Spain [Member] | Sovereign and Sub Sovereign [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 437     437            
Non-Infrastructure Public Finance [Member] | Portugal [Member] | Sovereign and Sub Sovereign [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 71     71            
BIG [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 10,293     10,293   12,238        
BIG [Member] | Puerto Rico [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 4,800     4,800            
BIG [Member] | RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 2,560     2,560   2,761        
BIG [Member] | Other structured finance [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 325     325   360        
BIG [Member] | Triple-X Life Insurance Transaction [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 85     85   85        
BIG [Member] | Student Loan [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 111     111            
BIG [Member] | Public Finance [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 7,242     7,242   8,871        
BIG [Member] | Public Finance [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 6,171     6,171   7,140        
BIG [Member] | Public Finance [Member] | Non United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 1,071     1,071   1,731        
BIG [Member] | Non-Infrastructure Public Finance [Member] | Hungary [Member] | Sovereign and Sub Sovereign [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 179     179            
First Lien [Member] | RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid after recoveries for R&W 237     237   $ 123        
Economic loss development after recoveries for R&W $ 13 (1)   $ (4) 22          
Number of delinquent payments | Payment       2            
Projected loss assumptions, CDR, plateau rate, projection period       36 months            
Projected loss assumptions, Final CDR, Period for voluntary prepayments to continue       12 months            
Intermediate conditional default rate (as a percent) 5.00%     5.00%            
Number of scenarios weighted in estimating expected losses | scenario 5   5 5   5        
First Lien [Member] | Reinsurance of SGI Insured Portfolio [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid after recoveries for R&W             $ 113      
First Lien [Member] | Base Scenario [Member] | RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Projected loss assumptions, CDR, plateau rate, projection period       36 months            
Period from plateau to intermediate conditional default rate (in months)       12 months            
Period of constant intermediate conditional default rate (in months)       36 months            
Intermediate conditional default rate as a percentage of plateau conditional default rate       20.00%            
Final conditional default rate as a percentage of plateau conditional default rate       5.00%            
Projected loss assumptions, Final CDR, Period for voluntary prepayments to continue       4 years 9 months            
Default from delinquentor rate, term       36 months            
Guarantor obligations, default period currently performing       36 months            
Projected loss assumptions, loss severity, subsequent period       18 months            
Estimated loss severity rate, one through six months (as a percent)       18 months            
Loss severity (as a percent) 40.00%     40.00%            
Projected loss assumptions, period to reach final loss severity rate       2 years 6 months            
Final CPR 15.00%   15.00% 15.00%   15.00%        
First Lien [Member] | More Stressful Environment [Member] | RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Period from plateau to intermediate conditional default rate (in months)       15 months            
Projected loss assumptions, period to reach final loss severity rate       9 years            
Projected loss assumptions, increase (decrease) in expected loss to be paid, net       $ 57            
First Lien [Member] | Least Stressful Environment [Member] | RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Projected loss assumptions, CDR, plateau rate, projection period       30 months            
Period from plateau to intermediate conditional default rate (in months)       9 months            
Projected loss assumptions, increase (decrease) in expected loss to be paid, net       $ 35            
Decrease in the plateau period used to calculate potential change in loss estimate (in months)       6 months            
Second Lien [Member] | RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid after recoveries for R&W $ 66     $ 66   $ 50        
Economic loss development after recoveries for R&W $ 27 20   $ 56 48          
Period from plateau to intermediate conditional default rate (in months)       28 months            
Number of scenarios weighted in estimating expected losses | scenario           5        
Period of loan default estimate       6 months            
Number of preceding months average liquidation rates used to estimate loan default rate       6 months            
Projected loss assumptions, period of consistent conditional default rate       6 months            
Stress period (in months)       34 months            
Loss recovery assumption (as a percent) 2.00%   2.00% 2.00%   2.00%        
Number of conditional default rate curves modeled in estimating losses | Curve       5            
Monthly delinquency threshold       6 months            
Second Lien [Member] | RMBS [Member] | United States [Member] | Home Equity Line of Credit and Closed-end Mortgage [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Final CPR 15.00%   15.00% 15.00%   15.00%        
Second Lien [Member] | Reinsurance of SGI Insured Portfolio [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid after recoveries for R&W             $ 17      
Second Lien [Member] | Base Scenario [Member] | RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Period from plateau to intermediate conditional default rate (in months)       28 months            
Stress period (in months)       34 months            
Period of constant conditional default rate (in months)       6 months            
Second Lien [Member] | Base Scenario One [Member] | RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Projected loss assumptions, CDR, plateau rate, projection period       8 months            
Period from plateau to intermediate conditional default rate (in months)       31 months            
Stress period (in months)       39 months            
Increase in conditional default rate ramp down period       3 months            
Second Lien [Member] | Base Scenario One [Member] | RMBS [Member] | United States [Member] | HELOCs [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Change in estimate for increased conditional default rate plateau period       $ 11            
Second Lien [Member] | Based Scenario Two [Member] | RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Stress period (in months)       29 months            
Period of constant conditional default rate (in months)       4 months            
Change in estimate for decreased prepayment rate, Percent       10.00%            
Decreased conditional default rate ramp down period       25 months            
Second Lien [Member] | Based Scenario Two [Member] | RMBS [Member] | United States [Member] | HELOCs [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Change in estimate for decreased conditional default rate ramp down period       $ 12            
Southern District of Mississippi Vs Madison County, Mississippi [Member] | Parkway East [Member] | Public Finance [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure $ 18     $ 18            
Payment time period on annual debt service       2 years            
MBIA UK Insurance Limited [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid on acquired portfolio activity 0 0   $ 0 21          
MBIA UK Insurance Limited [Member] | Europe [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Total net exposure 201     201            
MBIA UK Insurance Limited [Member] | RMBS [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid on acquired portfolio activity         0          
MBIA UK Insurance Limited [Member] | Other structured finance [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid on acquired portfolio activity         8          
MBIA UK Insurance Limited [Member] | Public Finance [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid on acquired portfolio activity         13          
MBIA UK Insurance Limited [Member] | Public Finance [Member] | United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid on acquired portfolio activity         0          
MBIA UK Insurance Limited [Member] | Public Finance [Member] | Non United States [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid on acquired portfolio activity         13          
Credit derivatives [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid after recoveries for R&W (4)     (4)   $ (14)        
Economic loss development after recoveries for R&W $ 2 $ (1)   $ 11 $ (24)          
ACA 2005-2 Collateralized Debt Obligations [Member] | CIFG Holding Inc. [Member] | Total [Member] | Credit derivatives [Member] | CIFG Holdings Inc. vs JP Morgan Securities LLC [Member] | RMBS [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid after recoveries for R&W                   $ 400
Libertas II Collateralized Debt Obligations [Member] | CIFG Holding Inc. [Member] | Total [Member] | Credit derivatives [Member] | CIFG Holdings Inc. vs JP Morgan Securities LLC [Member] | RMBS [Member]                    
Schedule of Expected Losses to be Paid [Line Items]                    
Net expected loss to be paid after recoveries for R&W                   $ 325