Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Segment Information [Abstract]

Summary of financial information by reportable segment

Three months ended June 30,	Financial Guarantee			Financial Services			Corporate and Other			Intersegment Eliminations			Total Consolidated
2012:
Revenues:
Unaffiliated customers	$	87,665		$	(93,682	)	$	56		$	—		$	(5,961	)
Intersegment		1,397			(1,346	)		—			(51	)		—
Total revenues	$	89,062		$	(95,028	)	$	56		$	(51	)	$	(5,961	)
Pre-tax loss from continuing operations:
Unaffiliated customers	$	(717,187	)	$	(96,257	)	$	(117	)	$	—		$	(813,561	)
Intersegment		(712	)		(429	)		1,141			—			—
Pre-tax loss from continuing operations	$	(717,899	)	$	(96,686	)	$	1,024		$	—		$	(813,561	)
Total assets	$	25,771,887		$	800,677		$	39,227		$	—		$	26,611,791
2011:
Revenues:
Unaffiliated customers	$	203,089		$	(54,966	)	$	72		$	—		$	148,195
Intersegment		1,407			(1,336	)		—			(71	)		—
Total revenues	$	204,496		$	(56,302	)	$	72		$	(71	)	$	148,195
Pre-tax loss from continuing operations:
Unaffiliated customers	$	(34,791	)	$	(59,697	)	$	(7,388	)	$	—		$	(101,876	)
Intersegment		341			(328	)		157			(170	)		—
Pre-tax loss from continuing operations	$	(34,450	)	$	(60,025	)	$	(7,231	)	$	(170	)	$	(101,876	)
Total assets	$	25,895,317		$	1,447,059		$	67,928		$	—		$	27,410,304

Six months ended June 30,	Financial Guarantee			Financial Services			Corporate and Other			Intersegment Eliminations			Total Consolidated
2012:
Revenues:
Unaffiliated customers	$	357,492		$	(39,430	)	$	113		$	—		$	318,175
Intersegment		2,896			(2,789	)		645			(752	)		—
Total revenues	$	360,388		$	(42,219	)	$	758		$	(752	)	$	318,175
Pre-tax loss from continuing operations:
Unaffiliated customers	$	(510,900	)	$	(44,587	)	$	(4,452	)	$	—		$	(559,939	)
Intersegment		315			(1,784	)		1,469			—			—
Pre-tax loss from continuing operations	$	(510,585	)	$	(46,371	)	$	(2,983	)	$	—		$	(559,939	)
Total assets	$	25,771,887		$	800,677		$	39,227		$	—		$	26,611,791
2011:
Revenues:
Unaffiliated customers	$	378,100		$	(26,771	)	$	149		$	—		$	351,478
Intersegment		24,086			(23,941	)		—			(145	)		—
Total revenues	$	402,186		$	(50,712	)	$	149		$	(145	)	$	351,478
Pre-tax loss from continuing operations:
Unaffiliated customers	$	(849,872	)	$	(36,307	)	$	(32,593	)	$	—		$	(918,772	)
Intersegment		21,631			(22,154	)		693			(170	)		—
Pre-tax loss from continuing operations	$	(828,241	)	$	(58,461	)	$	(31,900	)	$	(170	)	$	(918,772	)
Total assets	$	26,588,040		$	1,291,736		$	60,653		$	—		$	27,940,429

Schedule of gross premiums written, net premiums earned and the net change in fair value of credit derivatives

The following tables summarize gross premiums written, net premiums earned and the net change in fair value of credit derivatives included in the Financial Guarantee segment, by location of risk for the three and six months ended June 30, 2012 and 2011:

	Three Months Ended June 30, 2012								Three Months Ended June 30, 2011
	Gross Premiums Written			Net Premiums Earned		Net Change in Fair Value of Credit Derivatives			Gross Premiums Written			Net Premiums Earned		Net Change in Fair Value of Credit Derivatives
United States	$	(31,936	)	$	70,555	$	(4,816	)	$	(210,913	)	$	78,648	$	17,717
United Kingdom		5,971			25,551		(813	)		18,151			11,853		1,535
Other international		(1,908	)		6,936		(1,786	)		(15,312	)		8,770		5,035
Total	$	(27,873	)	$	103,042	$	(7,415	)	$	(208,074	)	$	99,271	$	24,287
	Six Months Ended June 30, 2012								Six Months Ended June 30, 2011
	Gross Premiums Written			Net Premiums Earned		Net Change in Fair Value of Credit Derivatives			Gross Premiums Written			Net Premiums Earned		Net Change in Fair Value of Credit Derivatives
United States	$	(124,661	)	$	143,541	$	(8,267	)	$	(355,179	)	$	150,129	$	10,518
United Kingdom		12,385			40,592		(4,437	)		10,883			22,786		853
Other international		(8,191	)		13,859		(1,933	)		(23,989	)		18,155		4,013
Total	$	(120,467	)	$	197,992	$	(14,637	)	$	(368,285	)	$	191,070	$	15,384