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Note 5 - Fair Value of Financial Instruments Fair Value, Measurement Inputs Disclosure (Details) (USD $)
12 Months Ended
Dec. 31, 2013
contract
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
Consolidated Financial Guaranty Insurance Contracts [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
CDOS of commercial mortgage backed securities (CMBS)[Member]
Dec. 31, 2013
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Dec. 31, 2013
Corporate collateralized debt obligations (CDO's)[Member]
Dec. 31, 2013
Base Correlation Model Valuation Technique [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Base Correlation Model Valuation Technique [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Base Correlation Model Valuation Technique [Member]
Maximum [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Base Correlation Model Valuation Technique [Member]
Maximum [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Base Correlation Model Valuation Technique [Member]
Minimum [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Base Correlation Model Valuation Technique [Member]
Minimum [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Base Correlation Model Valuation Technique [Member]
Weighted Average [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Base Correlation Model Valuation Technique [Member]
Weighted Average [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Base Correlation Model Valuation Technique [Member]
Less Than [Member]
Minimum [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Other investments
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Other investments
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
TruPs Collateralized Debt Obligation [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
TruPs Collateralized Debt Obligation [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
TruPs-Related VIE [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
TruPs-Related VIE [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
NIMS Derivatives
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
NIMS VIEs [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
NIMS VIEs [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Maximum [Member]
Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Maximum [Member]
Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Maximum [Member]
TruPs Collateralized Debt Obligation [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Maximum [Member]
TruPs Collateralized Debt Obligation [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Maximum [Member]
NIMS VIEs [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Minimum [Member]
Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Minimum [Member]
Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Minimum [Member]
TruPs Collateralized Debt Obligation [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Minimum [Member]
TruPs Collateralized Debt Obligation [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Minimum [Member]
NIMS VIEs [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
Other investments
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
Other investments
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
TruPs Collateralized Debt Obligation [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
TruPs Collateralized Debt Obligation [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
TruPs-Related VIE [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
TruPs-Related VIE [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
NIMS Derivatives
Fair Value, Inputs, Level 3
Dec. 31, 2013
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
NIMS VIEs [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Discounted Cash Flow Valuation Technique [Member]
Weighted Average [Member]
NIMS VIEs [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Risk-Based Model Valuation Technique [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Risk-Based Model Valuation Technique [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Risk-Based Model Valuation Technique [Member]
Maximum [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Risk-Based Model Valuation Technique [Member]
Maximum [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Risk-Based Model Valuation Technique [Member]
Minimum [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Risk-Based Model Valuation Technique [Member]
Minimum [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Risk-Based Model Valuation Technique [Member]
Less Than [Member]
Minimum [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Risk-Based Model Valuation Technique [Member]
Less Than [Member]
Minimum [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Fair Value, Measurements, Recurring
Dec. 31, 2012
Fair Value, Measurements, Recurring
Dec. 31, 2013
Fair Value, Measurements, Recurring
Fair Value, Inputs, Level 3
Dec. 31, 2012
Fair Value, Measurements, Recurring
Fair Value, Inputs, Level 3
Dec. 31, 2013
Fair Value, Measurements, Recurring
Consolidated Financial Guaranty Insurance Contracts [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Fair Value, Measurements, Recurring
Consolidated Financial Guaranty Insurance Contracts [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Fair Value, Measurements, Recurring
NIMS VIEs [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Fair Value, Measurements, Recurring
NIMS VIEs [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Fair Value, Measurements, Recurring
US States and Political Subdivisions Debt Securities [Member]
Dec. 31, 2012
Fair Value, Measurements, Recurring
US States and Political Subdivisions Debt Securities [Member]
Dec. 31, 2013
Fair Value, Measurements, Recurring
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Fair Value, Measurements, Recurring
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2013
Fair Value, Measurements, Recurring
Other investments
Dec. 31, 2012
Fair Value, Measurements, Recurring
Other investments
Dec. 31, 2013
Fair Value, Measurements, Recurring
Other investments
Fair Value, Inputs, Level 3
Dec. 31, 2012
Fair Value, Measurements, Recurring
Other investments
Fair Value, Inputs, Level 3
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]                                                                                                                                                    
Fair Value, Transfers Between Level 1 And Level 2, Amount                                                                                                                     $ 0 $ 0                            
Number of Financial Guarantee Insurance Contracts That Require Posting of Collateral 4                                                                                                                                                  
Investments, Fair Value Disclosure                                 18,700,000 [1] 19,000,000 [1] 81,000,000 [1] 78,000,000 [1]                                                                             4,883,400,000 [2] 5,103,000,000 [3] 101,500,000 [2] 100,700,000 [3]         621,000,000 688,000,000 18,700,000 19,000,000 83,700,000 [4] 81,500,000 [5] 81,500,000 [4] 79,000,000 [5]
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Discount Rate                                                                               12.30% 8.80% 1.20% 1.90%     13.10% 13.40%                                                      
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Expected Loss Rate                                                                               11.10% 19.00%                                                                  
Derivative Assets 16,642,000 13,609,000                                                                                                                 16,600,000 13,600,000 6,300,000 13,600,000                        
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Correlation Factor                           85.00% 85.00%                                                                                                                      
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, CDS Spread Percent                   4.30% [6] 9.10% 0.80% [6] 8.00%                                 4.30% [6] 9.10% 4.30% [6] 9.10% 10.90% [6] 0.80% [6] 8.00% 0.80% [6] 8.00% 8.50% [6]                 8.50% [6] 7.90% [6]       4.30% [6] 9.10% 0.80% [6] 8.00%                                    
Derivative Assets (Liabilities), at Fair Value, Net         (67,777,000) (221,777,000) (1,361,000) (1,400,000) [1] 2,800,000 [1]                       (67,800,000) [1] (74,700,000) [1] (43,900,000) [1] (11,100,000) [1]     1,600,000 [1]                                               (119,400,000) [1] (101,400,000) [1]                                            
Variable Interest Entity, Consolidated, Fair Value, Net Asset (Liability)                                                 (68,400,000) [1] (70,400,000) [1]   (2,800,000) [1] (9,900,000) [1]                                                                                          
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Average Credit Spread                   0.90% 2.70% 0.10%       0.10%                                                                                                                    
Derivative, Expected Remaining Life                                                                                                         20 years 20 years     1 year 1 year                                
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Correlation Factor Related to Vintage and Credit Rating                                                           85.00% 85.00%       72.00% 72.00%                                                                            
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Principal Recovery Rate                                                                                       75.00% 65.00%                                                          
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Principal Recovery Rate Using Distressed Pricing Scenario                                                                                       65.00% 60.00%                                                          
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Probability of Paying a Conditional Liquidity Claim                                                               12.40% 36.70%       1.10% 0.80%                                                                        
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, NIMS Spread                                                                                               44.00% 43.80% 43.70%                                                
VIE debt - at fair value 94,645,000 108,858,000 228,240,000 91,800,000                                                                                                             94,600,000 [7] 108,900,000 [8] 94,600,000 [7] 108,900,000 [8] 91,800,000 99,000,000 2,800,000 9,900,000                
Derivative liabilities $ 307,185,000 $ 266,873,000 $ 126,006,000                                                                                                               $ 307,200,000 $ 266,900,000 $ 307,200,000 $ 266,900,000                        
[1] Excludes certain assets and liabilities for which we do not develop quantitative unobservable inputs. The fair value estimates for these assets and liabilities are developed using third-party pricing information, generally without adjustment.
[2] Does not include fixed-maturities held to maturity ($0.4 million) and certain other invested assets ($47.4 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
[3] Does not include fixed-maturities held to maturity ($0.7 million) and certain other invested assets ($48.7 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
[4] Comprising TruPs ($0.6 million) and short-term CDs ($1.6 million) included within Level II and lottery annuities ($0.3 million), TruPs ($0.2 million), and a guaranteed investment contract held by a consolidated VIE ($81.0 million) within Level III.
[5] Comprising TruPs ($0.9 million) and short-term CDs ($1.6 million ) included within Level II and lottery annuities ($1.0 million) and guaranteed investment contract held by a consolidated VIE ($78.0 million) within Level III.
[6] Represents the range of our CDS spread that a typical market participant might use in the valuation analysis based on the remaining term of the investment.
[7] Comprising consolidated debt related to NIMS VIEs ($2.8 million) and amounts related to financial guaranty VIEs ($91.8 million).
[8] Comprising consolidated debt related to NIMS VIEs ($9.9 million) and amounts related to financial guaranty VIEs ($99.0 million).