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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary Compensation Table Total for PEO(1)
Compensation Actually Paid to PEO(1)(2)
Average Summary Compensation Table Total for non-PEO Named Executive Officers(1)
Average Compensation Actually Paid to non-PEO Named Executive Officers(1)(2)
Value of Initial Fixed $100 Investment Based on:
Net Income
(millions)(5)
Core ABV per Share(6)
Total Shareholder Return(3)
Peer Group Total Shareholder Return(4)
2024$14,933,252$25,665,738$4,538,512$5,886,320$202$185$392$170
2023$13,477,512$26,808,821$3,765,333$5,379,798$166$141$761$156
2022$13,606,009$28,885,520$3,662,609$6,060,272$135$125$137$142
2021$14,536,062$23,817,693$4,277,028$5,930,256$107$143$419$130
2020$10,876,524$4,540,198$3,346,954$2,208,833$66$105$368$115
        
Company Selected Measure Name ABV per share        
Named Executive Officers, Footnote The PEO for each year reported is Dominic J. Frederico. The non-PEO named executive officers for each year reported are as follows:
•2024: Robert A. Bailenson, Ling Chow, Benjamin G. Rosenblum, Stephen Donnarumma
•2023: Robert A. Bailenson, Ling Chow, Stephen Donnarumma, Holly Horn
•2022: Robert A. Bailenson, Ling Chow, David A. Buzen, Stephen Donnarumma
•2020 and 2021: Robert A. Bailenson, Ling Chow, David A. Buzen, Russell B. Brewer II 		       
Peer Group Issuers, Footnote Represents the cumulative TSR of the Russell Midcap Index - Financials for the measurement period December 31, 2019 through December 31 of the year indicated. The Russell Midcap Index - Financials is the peer group used by our Company for purposes of Item 201(e) of Regulation S-K under the Securities Exchange Act of 1934, as amended (which we refer to as the Exchange Act), in our Annual Report on Form 10-K for the year ended December 31, 2024.        
PEO Total Compensation Amount $ 14,933,252 $ 13,477,512 $ 13,606,009 $ 14,536,062 $ 10,876,524
PEO Actually Paid Compensation Amount $ 25,665,738 26,808,821 28,885,520 23,817,693 4,540,198
Adjustment To PEO Compensation, Footnote SEC rules require certain adjustments be made to the "Summary Compensation Table" totals to determine "compensation actually paid" as reported in the "Pay versus Performance Table" above. For purposes of the equity award adjustments shown below, no equity awards were cancelled due to a failure to meet vesting conditions. The following table details the applicable adjustments that were made to determine "compensation actually paid" (all amounts are averages for the non-PEO named executive officers, who we refer to as Other NEOs in the following table):
YearExecutive(s)"Summary Compensation Table" TotalDeduct Share Award Included in "Summary Compensation Table"Add Year-end Value of Unvested Equity Awards Granted in YearChange in Value of Unvested Equity Awards Granted in Prior YearsChange in Value of Equity Awards Granted in Prior Years which Vested in Year"Pay versus Performance Table" Compensation Actually Paid
2024PEO$14,933,252$(9,995,624)$6,540,597$10,842,696$3,344,817$25,665,738
Other NEOs$4,538,512$(1,713,576)$1,121,276$1,500,807$439,301$5,886,320
2023PEO$13,477,512$(8,112,953)$7,848,517$13,530,338$65,407$26,808,821
Other NEOs$3,765,333$(1,195,033)$1,156,084$1,645,336$8,078$5,379,798
2022PEO$13,606,009$(8,661,779)$7,576,157$13,873,696$2,491,437$28,885,520
Other NEOs$3,662,609$(1,252,978)$1,095,933$2,149,270$405,438$6,060,272
2021PEO$14,536,062$(9,239,643)$10,089,728$6,588,781$1,842,765$23,817,693
Other NEOs$4,277,028$(1,658,182)$1,810,742$1,168,687$331,981$5,930,256
2020PEO$10,876,524$(5,964,855)$5,368,531$(5,219,036)$(520,966)$4,540,198
Other NEOs$3,346,954$(1,005,208)$904,717$(956,798)$(80,832)$2,208,833
        
Non-PEO NEO Average Total Compensation Amount $ 4,538,512 3,765,333 3,662,609 4,277,028 3,346,954
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,886,320 5,379,798 6,060,272 5,930,256 2,208,833
Adjustment to Non-PEO NEO Compensation Footnote SEC rules require certain adjustments be made to the "Summary Compensation Table" totals to determine "compensation actually paid" as reported in the "Pay versus Performance Table" above. For purposes of the equity award adjustments shown below, no equity awards were cancelled due to a failure to meet vesting conditions. The following table details the applicable adjustments that were made to determine "compensation actually paid" (all amounts are averages for the non-PEO named executive officers, who we refer to as Other NEOs in the following table):
YearExecutive(s)"Summary Compensation Table" TotalDeduct Share Award Included in "Summary Compensation Table"Add Year-end Value of Unvested Equity Awards Granted in YearChange in Value of Unvested Equity Awards Granted in Prior YearsChange in Value of Equity Awards Granted in Prior Years which Vested in Year"Pay versus Performance Table" Compensation Actually Paid
2024PEO$14,933,252$(9,995,624)$6,540,597$10,842,696$3,344,817$25,665,738
Other NEOs$4,538,512$(1,713,576)$1,121,276$1,500,807$439,301$5,886,320
2023PEO$13,477,512$(8,112,953)$7,848,517$13,530,338$65,407$26,808,821
Other NEOs$3,765,333$(1,195,033)$1,156,084$1,645,336$8,078$5,379,798
2022PEO$13,606,009$(8,661,779)$7,576,157$13,873,696$2,491,437$28,885,520
Other NEOs$3,662,609$(1,252,978)$1,095,933$2,149,270$405,438$6,060,272
2021PEO$14,536,062$(9,239,643)$10,089,728$6,588,781$1,842,765$23,817,693
Other NEOs$4,277,028$(1,658,182)$1,810,742$1,168,687$331,981$5,930,256
2020PEO$10,876,524$(5,964,855)$5,368,531$(5,219,036)$(520,966)$4,540,198
Other NEOs$3,346,954$(1,005,208)$904,717$(956,798)$(80,832)$2,208,833
        
Compensation Actually Paid vs. Total Shareholder Return
30796
        
Compensation Actually Paid vs. Net Income
30799
        
Compensation Actually Paid vs. Company Selected Measure
The following graphs show the relationship between executive compensation actually paid and, respectively, Core ABV per share, TSR, and net income, as well as the relationship between TSR and peer group TSR.
30792
        
Tabular List, Table
•Core ABV per share
•Core Operating income per diluted share
•Core Operating ROE
•Core Operating shareholders’ equity per share
•PVP
•Relative TSR
        
Total Shareholder Return Amount $ 202 166 135 107 66
Peer Group Total Shareholder Return Amount 185 141 125 143 105
Net Income (Loss) $ 392,000,000 $ 761,000,000 $ 137,000,000 $ 419,000,000 $ 368,000,000
Company Selected Measure Amount 170 156 142 130 115
PEO Name Dominic J. Frederico        
Additional 402(v) Disclosure Represents our Company's cumulative TSR for the measurement period December 31, 2019 through December 31 of the year indicated.Represents "Net Income (loss)" in our Company's Consolidated Income Statements included in our Annual Report on Form 10-K for each of the years ended December 31, 2024, 2023, 2022, 2021 and 2020.
Given the methodology for calculating compensation actually paid and the large component of multi-year equity awards in our executive compensation program, the movement of the price of our Common Shares over the relevant year has a large impact on the calculation of compensation actually paid to our CEO and our other named executive officers as a group during that year. Additionally, we provide our CEO and our other named executive officers their short-term and long-term incentive awards in the February following the year for which their performance is measured in making those awards, further obscuring any relationship between the performance measures and calculated compensation actually paid in the graphs above.
Core ABV per share is a measure of the intrinsic value of our Company on a per share basis, so an increase in Core ABV per share reflects the building of value for our shareholders. TSR captures the view of the equity markets to our efforts. The graphs above demonstrate some correlation between these measures and the calculated compensation actually paid. On the other hand, as described in the Compensation Discussion and Analysis — Executive Compensation Program Structure and Process, the nature of the accounting model for the financial guaranty business, where only approximately 5% of the premiums we earned in 2024 related to new financial guaranty policies we wrote in 2024, shows how little impact activity in our core insurance business has on our net income in a given year, and the graph above demonstrates little correlation between net income and calculated compensation actually paid. 		       
Measure:: 1          
Pay vs Performance Disclosure          
Name Core ABV per share        
Non-GAAP Measure Description Our Company-selected measure is Core ABV per share, which is described below.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Core Operating income per diluted share        
Measure:: 3          
Pay vs Performance Disclosure          
Name Core Operating ROE        
Measure:: 4          
Pay vs Performance Disclosure          
Name Core Operating shareholders’ equity per share        
Measure:: 5          
Pay vs Performance Disclosure          
Name PVP        
Measure:: 6          
Pay vs Performance Disclosure          
Name Relative TSR        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (9,995,624) $ (8,112,953) $ (8,661,779) $ (9,239,643) $ (5,964,855)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,540,597 7,848,517 7,576,157 10,089,728 5,368,531
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 10,842,696 13,530,338 13,873,696 6,588,781 (5,219,036)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,344,817 65,407 2,491,437 1,842,765 (520,966)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,713,576) (1,195,033) (1,252,978) (1,658,182) (1,005,208)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,121,276 1,156,084 1,095,933 1,810,742 904,717
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,500,807 1,645,336 2,149,270 1,168,687 (956,798)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 439,301 $ 8,078 $ 405,438 $ 331,981 $ (80,832)