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Financial Guaranty Insurance Contracts (Details 14) (USD $)
3 Months Ended 12 Months Ended
Jun. 30, 2012
risk
Dec. 31, 2011
risk
Mar. 31, 2012
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Financial Guaranty Insurance BIG Transaction Loss Summary            
Maximum Termination Payment Possible After Swap Obligations and Taking Account of Possible Rating Downgrade of Municipal Obligors $ 370,100,000          
Present value of expected cash flows            
Total BIG, Net 826,500,000          
Effect of Consolidating FG VIEs (65,700,000)          
Reserves (salvage)            
Total BIG, Net 351,500,000 86,100,000        
Effect of consolidating FG VIEs 136,700,000 196,500,000        
Total 488,200,000 [1] 282,600,000 [1]        
Minimum
           
Reserves (salvage)            
Threshold period of bonds held by bank for right of accelerated repayment (in days) 180 days          
Accelerated repayment period for bank bonds (in years) 10 years          
Variable rate demand obligations
           
Reserves (salvage)            
Rate basis for bank bond rate prime rate          
Financial Guaranty Insurance Contracts, Principal Amount BBB- or below 700,000,000          
Variable rate demand obligations | Minimum
           
Reserves (salvage)            
Bank bond rate (as a percent) 2.00%          
Threshold period of bonds held by bank for right of accelerated repayment (in days) 90 days          
Accelerated repayment period for bank bonds (in years) 5 years          
Variable rate demand obligations | Maximum
           
Reserves (salvage)            
Bank bond rate (as a percent) 3.00%          
Bank bond capped rate (as a percent) 25.00%          
Financial Guaranty
           
Number of risks            
Total BIG, Net (in contracts) 375 [2] 368 [2]        
Total (in contracts) 375 [2] 368 [2]        
Remaining weighted average contract period            
Total BIG, Net (in years) 10.7 10.4        
Total (in years) 10 years 8 months 12 days 10 years 4 months 24 days        
Principal            
Total BIG, Net 17,714,400,000 18,958,500,000        
Total 17,714,400,000 18,958,500,000        
Interest            
Total BIG, Net 8,354,000,000 8,623,300,000        
Total 8,354,000,000 8,623,300,000        
Total net outstanding exposure            
Total BIG, Net 26,068,400,000 [3] 27,581,800,000 [3]        
Total 26,068,400,000 [3] 27,581,800,000 [3]        
Expected cash outflows (inflows)            
Total BIG, Net 5,228,600,000 5,074,400,000        
Effect of Consolidating FG VIEs (767,200,000) (998,400,000)        
Total 4,461,400,000 4,076,000,000        
Potential recoveries            
Total BIG, Net (4,099,000,000) [4] (4,115,000,000) [4]        
Effect of Consolidating FG VIEs 805,400,000 [4] 1,059,800,000 [4]        
Total (3,293,600,000) [4] (3,055,200,000) [4]        
Subtotal            
Total BIG, NET 1,129,600,000 959,400,000        
Effect of Consolidating FG VIEs 38,200,000 61,400,000        
Total 1,167,800,000 1,020,800,000        
Discount            
Total BIG, Net (303,100,000) (321,400,000)        
Effect of Consolidating FG VIEs 27,500,000 45,300,000        
Schedule of Insured Financial Obligations with Credit Deterioration, Reductions of Gross Claim Liability, Net Discount (275,600,000) (276,100,000)        
Present value of expected cash flows            
Total BIG, Net 826,500,000 [5] 638,000,000 [5] 752,400,000 713,000,000 32,200,000 408,800,000
Effect of Consolidating FG VIEs 65,700,000 106,700,000        
Total 892,200,000 744,700,000        
Deferred premium revenue            
Total BIG, Net 1,145,100,000 1,325,500,000        
Effect of Consolidating FG VIEs (331,300,000) (390,700,000)        
Total 813,800,000 934,800,000        
Reserves (salvage)            
Total BIG, Net 355,600,000 [6] 84,200,000 [6]        
Effect of consolidating FG VIEs 136,700,000 [6] 196,500,000 [6]        
Total 492,300,000 [6] 280,700,000 [6]        
Financial Guaranty | BIG 1
           
Number of risks            
Gross (in contracts) 164 [2] 171 [2]        
Ceded (in contracts) (60) [2] (68) [2]        
Remaining weighted average contract period            
Gross (in years) 10.4 10.0        
Ceded (in years) 9.2 9.2        
Principal            
Gross 8,959,200,000 9,675,800,000        
Ceded (1,492,500,000) (1,378,000,000)        
Interest            
Gross 4,207,600,000 4,307,900,000        
Ceded (563,400,000) (485,600,000)        
Total net outstanding exposure            
Gross 13,166,800,000 [3] 13,983,700,000 [3]        
Ceded (2,055,900,000) [3] (1,863,600,000) [3]        
Expected cash outflows (inflows)            
Gross 1,594,100,000 1,730,600,000        
Ceded (673,300,000) (658,800,000)        
Potential recoveries            
Gross (1,712,400,000) [4] (1,798,000,000) [4]        
Ceded 696,100,000 [4] 664,000,000 [4]        
Subtotal            
Gross (118,300,000) (67,400,000)        
Ceded 22,800,000 5,200,000        
Discount            
Gross 18,600,000 15,700,000        
Ceded (6,300,000) (4,600,000)        
Present value of expected cash flows            
Gross (99,700,000) (51,700,000)        
Ceded 16,500,000 600,000        
Deferred premium revenue            
Gross 122,100,000 260,800,000        
Ceded (15,800,000) (69,100,000)        
Reserves (salvage)            
Gross (132,500,000) [6] (96,600,000) [6]        
Ceded 23,200,000 [6] 6,900,000 [6]        
Financial Guaranty | BIG 2
           
Number of risks            
Gross (in contracts) 79 [2] 71 [2]        
Ceded (in contracts) (25) [2] (26) [2]        
Remaining weighted average contract period            
Gross (in years) 14.4 13.7        
Ceded (in years) 26.1 20.5        
Principal            
Gross 3,622,200,000 3,731,600,000        
Ceded (268,600,000) (274,000,000)        
Interest            
Gross 3,042,400,000 2,889,400,000        
Ceded (504,000,000) (404,800,000)        
Total net outstanding exposure            
Gross 6,664,600,000 [3] 6,621,000,000 [3]        
Ceded (772,600,000) [3] (678,800,000) [3]        
Expected cash outflows (inflows)            
Gross 1,738,100,000 1,833,300,000        
Ceded (225,700,000) (120,300,000)        
Potential recoveries            
Gross (653,200,000) [4] (1,079,300,000) [4]        
Ceded 20,300,000 [4] 38,500,000 [4]        
Subtotal            
Gross 1,084,900,000 754,000,000        
Ceded (205,400,000) (81,800,000)        
Discount            
Gross (247,400,000) (240,600,000)        
Ceded 29,400,000 31,600,000        
Present value of expected cash flows            
Gross 837,500,000 513,400,000        
Ceded (176,000,000) (50,200,000)        
Deferred premium revenue            
Gross 310,400,000 280,900,000        
Ceded (32,000,000) (12,300,000)        
Reserves (salvage)            
Gross 617,400,000 [6] 319,500,000 [6]        
Ceded (158,100,000) [6] (41,900,000) [6]        
Financial Guaranty | BIG 3
           
Number of risks            
Gross (in contracts) 132 [2] 126 [2]        
Ceded (in contracts) (50) [2] (48) [2]        
Remaining weighted average contract period            
Gross (in years) 9.1 9.2        
Ceded (in years) 6.6 6.4        
Principal            
Gross 7,462,100,000 7,830,800,000        
Ceded (568,000,000) (627,700,000)        
Interest            
Gross 2,328,400,000 2,486,400,000        
Ceded (157,000,000) (170,000,000)        
Total net outstanding exposure            
Gross 9,790,500,000 [3] 10,317,200,000 [3]        
Ceded (725,000,000) [3] (797,700,000) [3]        
Expected cash outflows (inflows)            
Gross 2,940,200,000 2,423,000,000        
Ceded (144,800,000) (133,400,000)        
Potential recoveries            
Gross (2,571,800,000) [4] (2,040,500,000) [4]        
Ceded 122,000,000 [4] 100,300,000 [4]        
Subtotal            
Gross 368,400,000 382,500,000        
Ceded (22,800,000) (33,100,000)        
Discount            
Gross (94,100,000) (125,100,000)        
Ceded (3,300,000) 1,600,000        
Present value of expected cash flows            
Gross 274,300,000 257,400,000        
Ceded (26,100,000) (31,500,000)        
Deferred premium revenue            
Gross 863,300,000 991,800,000        
Ceded (102,900,000) (126,600,000)        
Reserves (salvage)            
Gross (400,000) [6] (110,200,000) [6]        
Ceded $ 6,000,000 [6] $ 6,500,000 [6]        
[1] See “Components of Net Reserves (Salvage)” table for loss and LAE reserve and salvage and subrogation recoverable components.
[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 BIG amounts related to FG VIEs which are not eliminated.
[4] Includes estimated future recoveries for breaches of R&W as well as excess spread, and draws on HELOCs.
[5] Includes expected LAE to be paid for mitigating claim liabilities of $31.1 million as of June 30, 2012 and $35.5 million as of December 31, 2011.
[6] See table “Components of net reserves (salvage).”