XML 94 R80.htm IDEA: XBRL DOCUMENT v3.25.1
Shareholders' Equity - Changes in AOCI by Component (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Changes in Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance $ 5,553 $ 5,765
Other comprehensive income (loss) before reclassifications 57 (22)
Less: Amounts reclassified from AOCI to:    
Net realized investment gains (losses) (16) 8
Total before tax 229 144
Tax (provision) benefit (44) (31)
Other comprehensive income (loss) 71 (28)
Ending balance 5,657 5,682
Reclassification out of Accumulated Other Comprehensive Income    
Less: Amounts reclassified from AOCI to:    
Net realized investment gains (losses) (16) 8
Total before tax (16) 7
Tax (provision) benefit 2 (1)
Total amount reclassified from AOCI, net of tax (14) 6
Reclassification out of Accumulated Other Comprehensive Income | Financial Guaranty Consolidated Investment Vehicles    
Less: Amounts reclassified from AOCI to:    
Fair value gains (losses) on FG VIEs   (1)
Total AOCI    
Changes in Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance (385) (359)
Less: Amounts reclassified from AOCI to:    
Ending balance (314) (387)
No Credit Impairment    
Changes in Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance (235) (202)
Other comprehensive income (loss) before reclassifications 46 (31)
Less: Amounts reclassified from AOCI to:    
Other comprehensive income (loss) 52 (29)
Ending balance (183) (231)
No Credit Impairment | Reclassification out of Accumulated Other Comprehensive Income    
Less: Amounts reclassified from AOCI to:    
Net realized investment gains (losses) (6) (2)
Total before tax (6) (2)
Tax (provision) benefit 0 0
Total amount reclassified from AOCI, net of tax (6) (2)
No Credit Impairment | Reclassification out of Accumulated Other Comprehensive Income | Financial Guaranty Variable Interest Entities    
Less: Amounts reclassified from AOCI to:    
Fair value gains (losses) on FG VIEs   0
Credit Impairment    
Changes in Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance (99) (104)
Other comprehensive income (loss) before reclassifications 13 10
Less: Amounts reclassified from AOCI to:    
Other comprehensive income (loss) 21 1
Ending balance (78) (103)
Credit Impairment | Reclassification out of Accumulated Other Comprehensive Income    
Less: Amounts reclassified from AOCI to:    
Net realized investment gains (losses) (10) 10
Total before tax (10) 10
Tax (provision) benefit 2 (1)
Total amount reclassified from AOCI, net of tax (8) 9
Credit Impairment | Reclassification out of Accumulated Other Comprehensive Income | Financial Guaranty Variable Interest Entities    
Less: Amounts reclassified from AOCI to:    
Fair value gains (losses) on FG VIEs   0
ISCR on FG VIEs’ Liabilities with Recourse    
Changes in Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance (18) (20)
Other comprehensive income (loss) before reclassifications (1) (2)
Less: Amounts reclassified from AOCI to:    
Other comprehensive income (loss) (1) (1)
Ending balance (19) (21)
ISCR on FG VIEs’ Liabilities with Recourse | Reclassification out of Accumulated Other Comprehensive Income    
Less: Amounts reclassified from AOCI to:    
Net realized investment gains (losses) 0 0
Total before tax 0 (1)
Tax (provision) benefit 0 0
Total amount reclassified from AOCI, net of tax 0 (1)
ISCR on FG VIEs’ Liabilities with Recourse | Reclassification out of Accumulated Other Comprehensive Income | Financial Guaranty Variable Interest Entities    
Less: Amounts reclassified from AOCI to:    
Fair value gains (losses) on FG VIEs   (1)
Cumulative Translation Adjustment    
Changes in Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance (37) (38)
Other comprehensive income (loss) before reclassifications (1) 1
Less: Amounts reclassified from AOCI to:    
Other comprehensive income (loss) (1) 1
Ending balance (38) (37)
Cumulative Translation Adjustment | Reclassification out of Accumulated Other Comprehensive Income    
Less: Amounts reclassified from AOCI to:    
Net realized investment gains (losses) 0 0
Total before tax 0 0
Tax (provision) benefit 0 0
Total amount reclassified from AOCI, net of tax 0 0
Cumulative Translation Adjustment | Reclassification out of Accumulated Other Comprehensive Income | Financial Guaranty Variable Interest Entities    
Less: Amounts reclassified from AOCI to:    
Fair value gains (losses) on FG VIEs   0
Cash Flow  Hedge    
Changes in Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance 4 5
Other comprehensive income (loss) before reclassifications 0 0
Less: Amounts reclassified from AOCI to:    
Other comprehensive income (loss) 0 0
Ending balance 4 5
Cash Flow  Hedge | Reclassification out of Accumulated Other Comprehensive Income    
Less: Amounts reclassified from AOCI to:    
Net realized investment gains (losses) 0 0
Total before tax 0 0
Tax (provision) benefit 0 0
Total amount reclassified from AOCI, net of tax $ 0 0
Cash Flow  Hedge | Reclassification out of Accumulated Other Comprehensive Income | Financial Guaranty Variable Interest Entities    
Less: Amounts reclassified from AOCI to:    
Fair value gains (losses) on FG VIEs   $ 0