Premium Deficiency Reserve

6 Months Ended

Jun. 30, 2015

Premium Deficiency Reserve [Abstract]

Premium Deficiency Reserve

Note 13 – Premium Deficiency Reserve

The premium deficiency reserve reflects the present value of expected future losses and expenses that exceed the present value of expected future premiums and established loss reserves. Each quarter, we re-estimate the premium deficiency reserve on the remaining Wall Street bulk insurance in force. As of June 30, 2015, no premium deficiency was required.  The decrease in the premium deficiency reserve for the three and six months ended June 30, 2015 was $17 million and $24 million, respectively, and the decrease for the three and six months ended June 30, 2014 was $8 million and $13 million, respectively.