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Financial Guarantees in Force (Tables)
 12 Months Ended
Dec. 31, 2022
Guarantees [Abstract]  
Schedule of Financial Guarantee Insurance In Force By Bond Type
As of December 31, 2022 and 2021, the legacy financial guarantee portfolio consisted of the types of guaranteed bonds as shown in the following table:
Net Par Outstanding December 31, (1)
20222021
Public Finance:
Housing revenue (2)
$5,491 $5,610 
Lease and tax-backed revenue1,979 3,196 
General obligation1,301 1,612 
Other1,776 1,942 
Total Public Finance10,547 12,360 
Structured Finance:
Mortgage-backed and home equity1,930 2,724 
Investor-owned utilities1,103 1,556 
Other579 624 
Total Structured Finance3,612 4,904 
International Finance:
Sovereign/sub-sovereign4,077 5,141 
Investor-owned and public utilities2,583 3,283 
Asset-backed and other1,083 1,276 
Transportation711 1,056 
Total International Finance8,454 10,756 
Total$22,613 $28,020 
(1)Net Par Outstanding includes capital appreciation bonds, which are reported at the par amount at the time of issuance of the insurance policy as opposed to the current accreted value of the bond.
(2)Includes $5,400 and $5,490 of Military Housing net par at December 31, 2022 and 2021, respectively.
Schedule of International Financial Guarantee Insurance In Force Portfolio By Location Of Risk
As of December 31, 2022 and 2021, the financial guaranteed portfolio by location of risk was as outlined in the table below:
Net Par Outstanding December 31,20222021
United States
$14,159 $17,264 
United Kingdom7,223 9,255 
Italy644 718 
Austria310 343 
Australia259 203 
France14 219 
Other international
4 18 
Total
$22,613 $28,020