XML 54 R37.htm IDEA: XBRL DOCUMENT v3.21.2
Variable Interest Entities Special Purpose Entities, including Variable Interest Entities - Summary of Assets and Liabilities (Details)
$ in Millions
Jun. 30, 2021
USD ($)
Entity
Dec. 31, 2020
USD ($)
Entity
Jun. 30, 2020
USD ($)
Debt Securities, Available-for-sale, Amortized Cost $ 2,651    
Fixed maturity securities, at fair value 2,789    
Restricted Cash 17 $ 13 $ 15
Derivative assets 82 93  
Other assets 121 114  
Total assets 12,907 13,220  
Interest Payable 532 517  
Long-term debt 2,671 2,739  
Derivative Liability 98 114  
Other Liabilities 102 106  
Liabilities 11,764 12,074  
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 147 149  
Variable Interest Entity, Primary Beneficiary [Member]      
Fixed maturity securities, at fair value 3,315 3,354  
Restricted Cash 2 2 $ 2
Financing Receivable, after Allowance for Credit Loss 2,943 2,998  
Derivative assets 37 41  
Other assets 2 2  
Total assets 6,299 6,398  
Long-term debt 4,270 4,324  
Long-term Debt, at par less amortized discount 164 169  
Long-term debt 4,434 4,493  
Derivative Liability 1,800 1,835  
Liabilities 6,234 6,328  
Variable Interest Entity, Primary Beneficiary [Member] | Corporate Debt Securities [Member]      
Fixed maturity securities, at fair value 3,175 3,215  
Variable Interest Entity, Primary Beneficiary [Member] | Municipal Bonds [Member]      
Debt Securities, Available-for-sale, Amortized Cost 110 113  
Fixed maturity securities, at fair value 140 139  
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 30 27  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac UK [Member]      
Fixed maturity securities, at fair value 3,175 3,215  
Restricted Cash 1 1  
Financing Receivable, after Allowance for Credit Loss 2,943 2,998  
Derivative assets 37 41  
Other assets 0 0  
Total assets 6,156 6,255  
Long-term debt 4,270 4,324  
Long-term Debt, at par less amortized discount 0 0  
Long-term debt 4,270 4,324  
Derivative Liability 1,800 1,835  
Liabilities 6,070 6,159  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac UK [Member] | Corporate Debt Securities [Member]      
Fixed maturity securities, at fair value 3,175 3,215  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac UK [Member] | Municipal Bonds [Member]      
Fixed maturity securities, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac Assurance [Member]      
Fixed maturity securities, at fair value 140 139  
Restricted Cash 1 1  
Financing Receivable, after Allowance for Credit Loss 0 0  
Derivative assets 0 0  
Other assets 2 2  
Total assets 143 143  
Long-term debt 0 0  
Long-term Debt, at par less amortized discount 164 169  
Long-term debt 164 169  
Derivative Liability 0 0  
Liabilities 164 169  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac Assurance [Member] | Corporate Debt Securities [Member]      
Fixed maturity securities, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac Assurance [Member] | Municipal Bonds [Member]      
Fixed maturity securities, at fair value $ 140 $ 139  
Consolidated Entities [Member]      
Number Of Consolidated Variable Interest Entities | Entity 6 6  
Consolidated Entities [Member] | Ambac UK [Member]      
Number Of Consolidated Variable Interest Entities | Entity 5 5  
Consolidated Entities [Member] | Ambac Assurance [Member]      
Number Of Consolidated Variable Interest Entities | Entity 1 1