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Expected Loss to be Paid - Net Expected Loss to be Paid After Net Expected Recoveries for Breaches of R&W Rollforward (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W $ 735 $ 960 $ 737 $ 1,183  
Economic Loss Development / (Benefit) 70 25 101 (14)  
Accretion of discount 1 5 7 19  
Changes in discount rates (2) 1 30 (4)  
Changes in timing and assumptions 71 19 64 (29)  
Net (paid) recovered losses (334) (267) (367) (451)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 471 718 $ 471 718  
Period after the end of the reporting period within which the ceded paid losses are typically settled (in days)     45 days    
Loss and LAE Reserve paid 11 7 $ 20 23  
Expected LAE to be paid 22   22   $ 33
Public finance          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 572 772 554 864  
Economic Loss Development / (Benefit) 60 55 151 200  
Net (paid) recovered losses (336) (279) (409) (516)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 296 548 296 548  
Public finance | U.S.          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 543 749 531 832  
Economic Loss Development / (Benefit) 56 50 142 204  
Net (paid) recovered losses (336) (279) (410) (516)  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 263 520 263 520  
Public finance | Non United States          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 29 23 23 32  
Economic Loss Development / (Benefit) 4 5 9 (4)  
Net (paid) recovered losses 0 0 1 0  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 33 28 33 28  
RMBS | U.S.          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 128 162 146 293  
Economic Loss Development / (Benefit) 1 (40) (61) (223)  
Net (paid) recovered losses 8 13 52 65  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 137 135 137 135  
RMBS | First Lien | U.S.          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W     166    
Economic Loss Development / (Benefit) (6) 27 49 77  
Changes in discount rates 1   (24)    
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 121   121    
RMBS | Second Lien | U.S.          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W     20    
Economic Loss Development / (Benefit) 5 13 12 146  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 16   16    
Other structured finance          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 35 26 37 26  
Economic Loss Development / (Benefit) 9 10 11 9  
Net (paid) recovered losses (6) (1) (10) 0  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W 38 35 38 35  
Structured finance          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Beginning of Period, Net Expected Loss to be Paid After Recoveries for R&W 163 188 183 319  
Economic Loss Development / (Benefit) 10 (30) (50) (214)  
Net (paid) recovered losses 2 12 42 65  
End of Period, Net Expected Loss to be Paid After Recoveries for R&W $ 175 $ 170 $ 175 $ 170