XML 67 R54.htm IDEA: XBRL DOCUMENT v3.21.2
Expected Loss to be Paid (Recovered) - 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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Net expected loss to be paid (recovered), beginning of period $ 466 $ 735 $ 529 $ 737  
Accretion of discount 2 1 5 7  
Changes in discount rates (1) (2) (34) 30  
Changes in timing and assumptions (95) 71 (72) 64  
Total economic loss development (benefit) (94) 70 (101) 101  
Net (paid) recovered losses (173) (334) (229) (367)  
Net expected loss to be paid (recovered), end of period 199 471 $ 199 471  
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 5 11 $ 15 20  
Expected LAE to be paid 27   27   $ 23
Public finance          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Net expected loss to be paid (recovered), beginning of period 243 572 341 554  
Total economic loss development (benefit) (31) 60 (28) 151  
Net (paid) recovered losses (202) (336) (303) (409)  
Net expected loss to be paid (recovered), end of period 10 296 10 296  
Public finance | United States          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Net expected loss to be paid (recovered), beginning of period 221 543 305 531  
Total economic loss development (benefit) (29) 56 (13) 142  
Net (paid) recovered losses (201) (336) (301) (410)  
Net expected loss to be paid (recovered), end of period (9) 263 (9) 263  
Public finance | Non United States          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Net expected loss to be paid (recovered), beginning of period 22 29 36 23  
Total economic loss development (benefit) (2) 4 (15) 9  
Net (paid) recovered losses (1) 0 (2) 1  
Net expected loss to be paid (recovered), end of period 19 33 19 33  
RMBS | United States          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Net expected loss to be paid (recovered), beginning of period 178 128 148 146  
Total economic loss development (benefit) (65) 1 (82) (61)  
Net (paid) recovered losses 29 8 76 52  
Net expected loss to be paid (recovered), end of period 142 137 142 137  
Other structured finance          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Net expected loss to be paid (recovered), beginning of period 45 35 40 37  
Total economic loss development (benefit) 2 9 9 11  
Net (paid) recovered losses 0 (6) (2) (10)  
Net expected loss to be paid (recovered), end of period 47 38 47 38  
Structured finance          
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]          
Net expected loss to be paid (recovered), beginning of period 223 163 188 183  
Total economic loss development (benefit) (63) 10 (73) (50)  
Net (paid) recovered losses 29 2 74 42  
Net expected loss to be paid (recovered), end of period $ 189 $ 175 $ 189 $ 175