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Quarterly Financial Information (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues                      
Net earned premiums $ 123 $ 123 $ 112 $ 118 $ 125 $ 142 $ 136 $ 145 $ 476 $ 548 $ 690
Net investment income 82 88 110 98 98 99 98 100 378 395 417
Asset management fees 22 0 0 0         22 0 0
Net realized investment gains (losses) 10 16 8 (12) (18) (7) (2) (5) 22 (32) 40
Net change in fair value of credit derivatives 19 5 (8) (22) 9 21 48 34 (6) 112 111
Fair value gains (losses) on FG VIEs 0 4 33 5 3 5 2 4 42 14  
Foreign exchange gains (losses) on remeasurement 48 (21) (14) 11 (15) (8) (36) 22 24 (37) 60
Bargain purchase gain and settlement of pre-existing relationships                 0 0 58
Commutation gains 0 0 1 0 0 1 (18) 1 1 (16) 328
Other income (loss) (8) (9) 24 (3) 11 22 (8) (8) 4 17 5
Expenses                      
Loss and LAE 18 30 (1) 46 21 17 44 (18) 93 64 388
Amortization of deferred acquisition costs 5 3 4 6 4 3 4 5 18 16 19
Employee compensation and benefit expenses 60 38 39 41 40 36 36 40 178 152  
Interest expense 22 22 22 23 23 23 24 24 89 94 97
Other operating expenses 54 27 21 23 25 20 26 25 125 96 101
Income (loss) before income taxes and equity in net earnings of investees 137 86 181 56 100 176 86 217 460 579 991
Equity in net earnings of investees 1 0 1 2 1 (1) 1 0 4 1 0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 138 86 182 58 101 175 87 217 464 580 991
Provision (benefit) for income taxes 2 17 40 4 13 14 12 20 63 59 261
Net income (loss) 136 69 142 54 88 161 75 197 401 521 730
Less: noncontrolling interests (1) 0 0 0 0 0 0 0 (1) 0 0
Net income (loss) $ 137 $ 69 $ 142 $ 54 $ 88 $ 161 $ 75 $ 197 $ 402 $ 521 $ 730
Earnings per share:                      
Basic (in dollars per share) $ 1.43 $ 0.71 $ 1.40 $ 0.52 $ 0.84 $ 1.48 $ 0.67 $ 1.71 $ 4.04 $ 4.73 $ 6.05
Diluted (in dollars per share) $ 1.42 $ 0.70 $ 1.39 $ 0.52 $ 0.83 $ 1.47 $ 0.67 $ 1.68 $ 4.00 $ 4.68 $ 5.96
Asset Management Fees [Member]                      
Revenues                      
Asset management fees                 $ 18