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Quarterly Financial Information (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues                      
Net earned premiums $ 125 $ 142 $ 136 $ 145 $ 178 $ 186 $ 162 $ 164 $ 548 $ 690 $ 864
Net investment income 100 98 99 101 96 99 101 122 398 418 408
Net realized investment gains (losses) (18) (7) (2) (5) (14) 7 15 32 (32) 40 (29)
Net change in fair value of credit derivatives 9 21 48 34 5 58 (6) 54 112 111 98
Fair value gains (losses) on FG VIEs 3 5 2 4 5 3 12 10 14 30  
Bargain purchase gain and settlement of pre-existing relationships         0 0 0 58 0 58 259
Commutation gains 0 1 (18) 1 0 255 0 73 (16) 328 8
Other income (loss) (5) 14 (44) 13 11 15 24 14 (22) 64 31
Expenses                      
Loss and LAE 21 17 44 (18) 34 223 72 59 64 388 295
Amortization of DAC 4 3 4 5 6 5 4 4 16 19 18
Interest expense 23 23 24 24 24 24 25 24 94 97 102
Other operating expenses 65 56 62 65 61 58 57 68 248 244 245
Income (loss) before income taxes 101 175 87 217 156 313 150 372 580 991 1,017
Provision (benefit) for income taxes 13 14 12 20 104 105 (3) 55 59 261 136
Net income (loss) $ 88 $ 161 $ 75 $ 197 $ 52 $ 208 $ 153 $ 317 $ 521 $ 730 $ 881
Earnings per share:                      
Basic (in dollars per share) $ 0.84 $ 1.48 $ 0.67 $ 1.71 $ 0.44 $ 1.75 $ 1.26 $ 2.53 $ 4.73 $ 6.05 $ 6.61
Diluted (in dollars per share) $ 0.83 $ 1.47 $ 0.67 $ 1.68 $ 0.44 $ 1.72 $ 1.24 $ 2.49 $ 4.68 $ 5.96 $ 6.56