Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Summary of Financial Information by Reportable Segment

The following table is a summary of financial information by reportable segment as of and for the three and nine months ended September 30, 2012 and 2011:

Three months ended September 30,	Financial Guarantee			Financial Services			Corporate and Other			Intersegment Eliminations			Total Consolidated
2012:
Revenues:
Unaffiliated customers	$	230,014		$	(33,021	)	$	169		$	—		$	197,162
Intersegment		1,244			(1,197	)		—			(47	)		—
Total revenues	$	231,258		$	(34,218	)	$	169		$	(47	)	$	197,162
Pre-tax loss from continuing operations:
Unaffiliated customers	$	196,302		$	(35,434	)	$	(2,828	)	$	—		$	158,040
Intersegment		2,530			(1,897	)		(633	)		—			—
Pre-tax loss from continuing operations	$	198,832		$	(37,331	)	$	(3,461	)	$	—		$	158,040
Total assets	$	26,206,822		$	703,945		$	37,125		$	—		$	26,947,892
2011:
Revenues:
Unaffiliated customers	$	232,845		$	(207,190	)	$	62		$	—		$	25,717
Intersegment		1,088			(1,022	)		2,883			(2,949	)		—
Total revenues	$	233,933		$	(208,212	)	$	2,945		$	(2,949	)	$	25,717
Pre-tax loss from continuing operations:
Unaffiliated customers	$	221,612		$	(211,852	)	$	(10,258	)	$	—		$	(498	)
Intersegment		(3,660	)		(465	)		3,955			170			—
Pre-tax loss from continuing operations	$	217,952		$	(212,317	)	$	(6,303	)	$	170		$	(498	)
Total assets	$	26,349,572		$	1,220,087		$	56,923		$	—		$	27,626,582

Nine months ended September 30,	Financial Guarantee			Financial Services			Corporate and Other			Intersegment Eliminations			Total Consolidated
2012:
Revenues:
Unaffiliated customers	$	587,506		$	(72,451	)	$	282		$	—		$	515,337
Intersegment		4,140			(3,986	)		645			(799	)		—
Total revenues	$	591,646		$	(76,437	)	$	927		$	(799	)	$	515,337
Pre-tax loss from continuing operations:
Unaffiliated customers	$	(314,598	)	$	(80,021	)	$	(7,280	)	$	—		$	(401,899	)
Intersegment		2,845			(3,681	)		836			—			—
Pre-tax loss from continuing operations	$	(311,753	)	$	(83,702	)	$	(6,444	)	$	—		$	(401,899	)
Total assets	$	26,206,822		$	703,945		$	37,125		$	—		$	26,947,892
2011:
Revenues:
Unaffiliated customers	$	610,945		$	(233,961	)	$	211		$	—		$	377,195
Intersegment		25,174			(24,963	)		2,883			(3,094	)		—
Total revenues	$	636,119		$	(258,924	)	$	3,094		$	(3,094	)	$	377,195
Pre-tax loss from continuing operations:
Unaffiliated customers	$	(628,260	)	$	(248,159	)	$	(42,851	)	$	—		$	(919,270	)
Intersegment		17,971			(22,619	)		4,648			—			—
Pre-tax loss from continuing operations	$	(610,289	)	$	(270,778	)	$	(38,203	)	$	—		$	(919,270	)
Total assets	$	26,349,572		$	1,220,087		$	56,923		$	—		$	27,626,582

Schedule of Gross Premiums Written, Net Premiums Earned and 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 nine months ended September 30, 2012 and 2011:

	Three Months Ended September 30, 2012							Three Months Ended September 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	$	(40,748	)	$	92,132	$	15,845	$	26,998	$	82,291	$	3,223
United Kingdom		(1,060	)		14,763		716		187,895		12,220		(602	)
Other international		(13,502	)		6,179		10,879		27,680		7,544		1,884
Total	$	(55,310	)	$	113,074	$	27,440	$	242,573	$	102,055	$	4,505

	Nine Months Ended September 30, 2012								Nine Months Ended September 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	$	(165,408	)	$	235,672	$	7,577		$	(328,181	)	$	232,420	$	13,741
United Kingdom		11,325			55,355		(3,721	)		198,778			35,006		251
Other international		(21,694	)		20,039		8,947			3,691			25,699		5,897
Total	$	(175,777	)	$	311,066	$	12,803		$	(125,712	)	$	293,125	$	19,889