XML 22 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Net premiums earned $ 14 $ 10
Net investment income:    
Securities available-for-sale and short-term 22 31
Net investment income (loss) 49 (21)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 2 8
Realized Investment Gains (Losses) 2 8
Change in fair value of credit derivatives:    
Derivative, Gain (Loss) on Derivative, Net 25 (70)
Net realized gains (losses) on extinguishment of debt 33  
Other Operating Income (Expense), Net 5 0
Income (loss) on variable interest entities 0 3
Total revenues 129 (70)
Expenses:    
Losses and loss expenses (benefit) 8 117
Intangible amortization 19 13
Operating expenses 33 24
Interest expense 50 63
Total expenses 110 217
Pre-tax income (loss) 19 (287)
Provision (benefit) for income taxes 2 (7)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest 0  
Net income (loss) 17 (280)
Net income (loss) attributable to common stockholders 17 (280)
Other comprehensive income (loss), after tax:    
Net income (loss) 17 (280)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax (24) (146)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax 6 (46)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax (1) 3
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax 0 (2)
Total other comprehensive income (loss), net of income tax (18) (191)
Total comprehensive income (loss) (1) (470)
Less: comprehensive (gain) loss attributable to the noncontrolling interest    
Total comprehensive income (loss) attributable to common stockholders (2) $ (470)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ 0  
Earnings Per Share, Basic $ 0.08 $ (6.07)
Earnings Per Share, Diluted $ 0.08 $ (6.07)
Weighted Average Number of Shares Outstanding, Basic 46,314,049 46,060,324
Weighted Average Number of Shares Outstanding, Diluted 46,858,064 46,060,324