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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 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
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 $ 505 $ 522 $ 522
Accretion of discount 5 5  
Changes in discount rates (3) 10  
Changes in timing and assumptions (9) (4)  
Total economic loss development (benefit) (7) 11  
Net (paid) recovered losses (65) (16)  
Net expected loss to be paid (recovered), end of period $ 433 517 $ 505
Weighted average risk free discount rate 4.44%   4.10%
Period after the end of the reporting period within which the ceded paid losses are typically settled (in days) 45 days    
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 $ 418 412 $ 412
Total economic loss development (benefit) (3) 5  
Net (paid) recovered losses (17) (24)  
Net expected loss to be paid (recovered), end of period 398 393 418
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 44 44 44
Total economic loss development (benefit) (1) 1  
Net (paid) recovered losses (6) (3)  
Net expected loss to be paid (recovered), end of period 37 42 44
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 87 110 110
Total economic loss development (benefit) (4) 6  
Net (paid) recovered losses (48) 8  
Net expected loss to be paid (recovered), end of period $ 35 124 $ 87
Minimum      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Risk free discount rate 4.14%   3.79%
Maximum      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Risk free discount rate 5.33%   5.40%
United States      
Present Value of Net Expected Loss and Loss Adjustment Expenses to be Paid [Roll Forward]      
Net expected loss to be paid after recoveries for representations and warranties, percent 95.50%   96.10%
United States | 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 $ 398 403 $ 403
Total economic loss development (benefit) (3) 1  
Net (paid) recovered losses (17) (24)  
Net expected loss to be paid (recovered), end of period 378 380 398
United States | RMBS      
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 43 66 66
Total economic loss development (benefit) (3) 5  
Net (paid) recovered losses (42) 11  
Net expected loss to be paid (recovered), end of period (2) 82 43
Non-U.S. public finance | 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 20 9 9
Total economic loss development (benefit) 0 4  
Net (paid) recovered losses 0 0  
Net expected loss to be paid (recovered), end of period $ 20 $ 13 $ 20