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Financial Guarantees in Force (Tables)
 12 Months Ended
Dec. 31, 2020
Guarantees [Abstract]  
Schedule of Financial Guarantee Insurance In Force By Bond Type
As of December 31, 2020 and 2019, the guarantee portfolio was diversified by type of guaranteed bond as shown in the following table:
December 31,
Net Par Outstanding December 31,20202019
Public Finance:
Housing revenue$5,855 $5,991 
Lease and tax-backed revenue4,179 5,102 
General obligation2,345 3,011 
Transportation revenue771 855 
Higher education747 885 
Utility revenue675 768 
Other925 1,041 
Total Public Finance15,497 17,653 
Structured Finance:
Mortgage-backed and home equity3,635 4,423 
Investor-owned utilities1,617 1,675 
Student loan626 769 
Structured Insurance311 395 
Asset-backed and other148 246 
Total Structured Finance6,337 7,508 
International Finance:
Sovereign/sub-sovereign5,270 5,264 
Investor-owned and public utilities3,899 4,436 
Transportation1,511 1,532 
Asset-backed and other1,374 1,625 
Total International Finance12,054 12,857 
Total$33,888 $38,018 
(1)Includes $5,575 and $5,654 of Military Housing net par at December 31, 2020 and 2019, respectively.
Schedule of International Financial Guarantee Insurance In Force Portfolio By Location Of Risk
As of December 31, 2020 and 2019, the International Finance guaranteed portfolio by location of risk was as outlined in the table below:
Net Par Outstanding December 31,20202019
United Kingdom$9,711 $10,593 
Italy803 767 
Austria707 674 
Australia420 382 
France277 303 
Other international (1)
136 138 
Total International Finance$12,054 $12,857 
(1)    Other international may include components of U.S. exposure.