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Outstanding Exposure (Details 3) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries $ 4,780 [1]  
Mortgage Guaranty Insured Obligations Outstanding Principal Amount 148  
Net Par Amount Outstanding 552,934 558,048
Greece
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 307 [1],[2]  
Greece | Public finance
   
Financial Guaranty Portfolio    
Net Par Amount Outstanding 276  
Hungary
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 646 [1]  
Ireland
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 383 [1]  
Italy
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 2,263 [1]  
Portugal
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 237 [1]  
Spain
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 944 [1]  
Sovereign and sub-sovereign exposure
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 2,659 [1]  
Sovereign and sub-sovereign exposure | Public finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 1,620 [1]  
Sovereign and sub-sovereign exposure | Infrastructure finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 1,039 [1]  
Sovereign and sub-sovereign exposure | Greece
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 276 [1],[2]  
Sovereign and sub-sovereign exposure | Greece | Public finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 276 [1],[2]  
Sovereign and sub-sovereign exposure | Greece | Infrastructure finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1],[2]  
Sovereign and sub-sovereign exposure | Hungary
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 430 [1]  
Sovereign and sub-sovereign exposure | Hungary | Public finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1]  
Sovereign and sub-sovereign exposure | Hungary | Infrastructure finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 430 [1]  
Sovereign and sub-sovereign exposure | Ireland
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 23 [1]  
Sovereign and sub-sovereign exposure | Ireland | Public finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1]  
Sovereign and sub-sovereign exposure | Ireland | Infrastructure finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 23 [1]  
Sovereign and sub-sovereign exposure | Italy
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 1,299 [1]  
Sovereign and sub-sovereign exposure | Italy | Public finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 977 [1]  
Sovereign and sub-sovereign exposure | Italy | Infrastructure finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 322 [1]  
Sovereign and sub-sovereign exposure | Portugal
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 209 [1]  
Sovereign and sub-sovereign exposure | Portugal | Public finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 110 [1]  
Sovereign and sub-sovereign exposure | Portugal | Infrastructure finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 99 [1]  
Sovereign and sub-sovereign exposure | Spain
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 422 [1]  
Sovereign and sub-sovereign exposure | Spain | Public finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 257 [1]  
Sovereign and sub-sovereign exposure | Spain | Infrastructure finance
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 165 [1]  
Non-sovereign
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 2,121 [1]  
Non-sovereign | Regulated utilities
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 234 [1]  
Non-sovereign | RMBS
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 837 [1]  
Non-sovereign | Commercial receivable
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 78 [1]  
Non-sovereign | Pooled corporate obligations
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 972 [1]  
Non-sovereign | Greece
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 31 [1],[2]  
Non-sovereign | Greece | Regulated utilities
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1],[2]  
Non-sovereign | Greece | RMBS
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1],[2]  
Non-sovereign | Greece | Commercial receivable
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1],[2]  
Non-sovereign | Greece | Pooled corporate obligations
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 31 [1],[2]  
Non-sovereign | Hungary
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 216 [1]  
Non-sovereign | Hungary | Regulated utilities
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1]  
Non-sovereign | Hungary | RMBS
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 215 [1]  
Non-sovereign | Hungary | Commercial receivable
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 1 [1]  
Non-sovereign | Hungary | Pooled corporate obligations
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1]  
Non-sovereign | Ireland
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 360 [1]  
Non-sovereign | Ireland | Regulated utilities
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1]  
Non-sovereign | Ireland | RMBS
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 133 [1]  
Non-sovereign | Ireland | Commercial receivable
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 19 [1]  
Non-sovereign | Ireland | Pooled corporate obligations
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 208 [1]  
Non-sovereign | Italy
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 964 [1]  
Non-sovereign | Italy | Regulated utilities
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 222 [1]  
Non-sovereign | Italy | RMBS
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 489 [1]  
Non-sovereign | Italy | Commercial receivable
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 26 [1]  
Non-sovereign | Italy | Pooled corporate obligations
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 227 [1]  
Non-sovereign | Portugal
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 28 [1]  
Non-sovereign | Portugal | Regulated utilities
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1]  
Non-sovereign | Portugal | RMBS
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1]  
Non-sovereign | Portugal | Commercial receivable
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 14 [1]  
Non-sovereign | Portugal | Pooled corporate obligations
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 14 [1]  
Non-sovereign | Spain
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 522 [1]  
Non-sovereign | Spain | Regulated utilities
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 12 [1]  
Non-sovereign | Spain | RMBS
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 0 [1]  
Non-sovereign | Spain | Commercial receivable
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 18 [1]  
Non-sovereign | Spain | Pooled corporate obligations
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 492 [1]  
BIG
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 1,556 [1]  
BIG | Greece
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 276 [1],[2]  
BIG | Hungary
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 516 [1]  
BIG | Ireland
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 8 [1]  
BIG | Italy
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 238 [1]  
BIG | Portugal
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries 127 [1]  
BIG | Spain
   
Financial Guaranty Portfolio    
Net Economic Exposure to Selected European Countries $ 391 [1]  
[1] While the Company’s exposures are shown in U.S. dollars, the obligations the Company insures are in various currencies, including U.S. dollars, Euros and British pounds sterling. Included in the table above is $133 million of reinsurance assumed on a 2004 - 2006 pool of Irish residential mortgages that is part of the Company’s remaining legacy mortgage reinsurance business. One of the residential mortgage-backed securities included in the table above includes residential mortgages in both Italy and Germany, and only the portion of the transaction equal to the portion of the original mortgage pool in Italian mortgages is shown in the table.
[2] As of June 30, 2012, the Company had established a full limit loss on this exposure. The Company accelerated claims under its financial guaranty on the July payment date with respect to the 2057 bonds and intends to accelerate claims on or after the September payment date with respect to the 2037 bonds.