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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income attributable to common shareholders $ 7 $ (12)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest 0 0
Net income (loss) 8 (11)
Adjustments to reconcile net income to net cash used in operating activities:    
Other Depreciation and Amortization 1 1
Amortization of bond premium and discount (6) (6)
Share-based compensation 10 6
Unearned premiums, net (25) (45)
Losses and loss expenses, net (13) (56)
Ceded premiums payable 11 7
Premium receivables 12 26
Accrued interest payable 48 45
Amortization of intangible assets 28 33
Net investment gains (losses), including impairments (17) (1)
Net realized gains (losses) on extinguishment of debt (57) (33)
Variable interest entity activities (15) (2)
Derivative assets and liabilities (54) (17)
Other, net 81 (30)
Net cash provided by (used in) operating activities 11 (83)
Cash flows from investing activities:    
Proceeds from sales of bonds 387 117
Proceeds from matured bonds 69 154
Purchases of bonds (189) (228)
Proceeds from sales of other invested assets 108 61
Purchases of other invested assets (74) (80)
Change in short-term investments (2) 76
Change in cash collateral receivable 56 0
Proceeds from paydowns of consolidated VIE assets 83 87
Other, net 2 0
Net cash provided by investing activities 440 187
Cash flows from financing activities:    
Paydowns of LSNI Ambac Note 0 (16)
Tax payments related to shares withheld for share-based compensation plans (3) (6)
Proceeds from (Payments to) Noncontrolling Interests 1 (1)
Payments of consolidated VIE liabilities (359) (85)
Net cash used in financing activities (434) (107)
Effect of foreign exchange on cash, cash equivalents and restricted cash (1) 0
Net cash flow 16 (4)
Cash, cash equivalents, and restricted cash at beginning of period 23 35
Cash, cash equivalents, and restricted cash at end of period 39 $ 32
Treasury Stock, Value, Acquired, Cost Method (14)  
Payment for Debt Extinguishment or Debt Prepayment Cost $ (58)