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Financial Guarantees in Force (Tables)
 12 Months Ended
Dec. 31, 2021
Guarantees [Abstract]  
Schedule of Financial Guarantee Insurance In Force By Bond Type
As of December 31, 2021 and 2020, the financial guarantee portfolio consisted of the types of guaranteed bonds as shown in the following table:
Net Par Outstanding December 31, (1)
20212020
Public Finance:
Housing revenue (2)
$5,610 $5,855 
Lease and tax-backed revenue3,196 4,179 
General obligation1,612 2,345 
Other1,942 3,118 
Total Public Finance12,360 15,497 
Structured Finance:
Mortgage-backed and home equity2,724 3,635 
Investor-owned utilities1,556 1,617 
Other624 1,085 
Total Structured Finance4,904 6,337 
International Finance:
Sovereign/sub-sovereign5,141 5,270 
Investor-owned and public utilities3,283 3,899 
Asset-backed and other1,276 1,374 
Transportation1,056 1,511 
Total International Finance10,756 12,054 
Total$28,020 $33,888 
(1)Net Par Outstanding includes capital appreciation bonds, which are reported at the par amount at the time of issuance of the insurance policy as opposed to the current accreted value of the bond.
(2)Includes $5,490 and $5,575 of Military Housing net par at December 31, 2021 and 2020, respectively.
Schedule of International Financial Guarantee Insurance In Force Portfolio By Location Of Risk
As of December 31, 2021 and 2020, the financial guaranteed portfolio by location of risk was as outlined in the table below:
Net Par Outstanding December 31,20212020
United States
$17,264 $21,834 
United Kingdom9,255 9,711 
Italy718 803 
Austria343 707 
France219 277 
Australia203 420 
Other international
18 136 
Total
$28,020 $33,888