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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Net premiums earned $ 11 $ 11 $ 25 $ 21
Net investment income:        
Securities available-for-sale and short-term 22 26 44 57
Net investment income 42 52 91 31
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments (2) 10 1 18
Realized Investment Gains (Losses) (2) 10 1 18
Change in fair value of credit derivatives:        
Derivative, Gain (Loss) on Derivative, Net (11) 2 14 (68)
Net realized gains (losses) on extinguishment of debt 0   33  
Other Operating Income (Expense), Net 7 0 12 0
Income (loss) on variable interest entities 2 0 2 3
Total revenues 49 75 178 6
Expenses:        
Losses and loss expenses (benefit) (26) 16 (18) 132
Intangible amortization 14 14 33 27
Operating expenses 28 21 62 44
Interest expense 50 58 100 122
Total expenses 66 108 177 325
Pre-tax income (loss) (18) (33) 1 (320)
Provision (benefit) for income taxes 11 2 13 (4)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest 0   0 0
Net income (loss) (28) (35) (11) (315)
Net income (loss) attributable to common stockholders (29) (35) (12) (315)
Other comprehensive income (loss), after tax:        
Net income (loss) (28) (35) (11) (315)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax 26 104 2 (42)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax 1 (2) 8 (48)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax 0 (1) (1) 2
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax 0 0 (1) (2)
Total other comprehensive income (loss), net of income tax 27 100 8 (90)
Total comprehensive income (loss) (2) 65 (3) (405)
Less: comprehensive (gain) loss attributable to the noncontrolling interest        
Total comprehensive income (loss) attributable to common stockholders (2) $ 65 (3) $ (405)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ 0   $ 0  
Earnings Per Share, Basic $ (0.63) $ (0.77) $ (0.54) $ (6.83)
Earnings Per Share, Diluted $ (0.63) $ (0.77) $ (0.54) $ (6.83)
Weighted Average Number of Shares Outstanding, Basic 46,576,673 46,166,666 46,446,087 46,113,495
Weighted Average Number of Shares Outstanding, Diluted 46,576,673 46,166,666 46,446,087 46,113,495
Unrealized (loss) gain on securities, taxes $ 1 $ 1 $ (1) $ 1
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, Tax 0 0   0
Gain (loss) on foreign currency translation, taxes 0 0 0 0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect $ 0 $ 0 $ 0 $ 0