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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Net premiums earned $ 15 $ 10 $ 36 $ 46
Net investment income:        
Securities available-for-sale and short-term 24 36 80 161
Net investment income 37 45 69 186
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 2 18 20 71
Realized Investment Gains (Losses) 2 18 20 71
Change in fair value of credit derivatives:        
Unrealized gains (losses)     (1) 1
Derivative, Gain (Loss) on Derivative, Net 7 (10) (61) (61)
Other Operating Income (Expense), Net 2 141 2 133
Income (loss) on variable interest entities 0 11 3 30
Total revenues 62 216 68 406
Expenses:        
Losses and loss expenses (benefit) 83 37 216 (84)
Insurance intangible amortization 14 17 41 280
Operating expenses 23 26 67 80
Interest expense 50 67 172 202
Total expenses 170 147 495 478
Pre-tax income (loss) (108) 69 (427) (72)
Provision (benefit) for income taxes 0 3 (5) 33
Net income (loss) (108) 66 (423) (106)
Net income (loss) attributable to common stockholders (108) 66 (423) (106)
Other comprehensive income (loss), after tax:        
Net income (loss) (108) 66 (423) (106)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax 42 31 1 103
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax 29 (24) (20) (28)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax 0 0 2 0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax 0 0 (3) 0
Total other comprehensive income (loss), net of income tax 71 7 (20) 75
Total comprehensive income (loss) (37) 73 (442) (30)
Less: comprehensive (gain) loss attributable to the noncontrolling interest:        
Total comprehensive income (loss) attributable to common stockholders $ (37) $ 73 $ (442) $ (30)
Earnings Per Share, Basic $ (2.33) $ 1.44 $ (9.16) $ (2.30)
Earnings Per Share, Diluted $ (2.33) $ 1.41 $ (9.16) $ (2.30)
Weighted Average Number of Shares Outstanding, Basic 46,178,730 45,997,694 46,135,399 45,939,284
Weighted Average Number of Shares Outstanding, Diluted 46,178,730 47,020,058 46,135,399 45,939,284