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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Net premiums earned $ 56 $ 47 $ 54
Insurance Commissions and Fees 31 26  
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset 3 0 0
Net investment income:      
Securities available-for-sale and short-term 66 74 103
Net investment income 17 139 122
Realized Investment Gains (Losses) 31 7 22
Derivative, Gain (Loss) on Derivative, Net 129 22 (50)
Net realized gains on extinguishment of debt 81 33 0
Other income 10 1 3
Income (loss) on variable interest entities 21 7 5
Gain (Loss) Related to Litigation Settlement 126 0  
Total revenues and other income 505 282 156
Policyholder Benefits and Claims Incurred, Net (396)    
Expenses:      
Losses and loss adjustment expenses (benefit)   (88) 225
Deferred Policy Acquisition Costs, Amortization Expense 3 1 0
Insurance Commissions 18 15  
Intangible amortization 47 55 57
General and Administrative Expense 141 111 92
Interest expense 168 187 222
Total expenses (20) 281 596
Pretax income (loss) 525 2 (440)
Provision (benefit) for income taxes 2 18 (3)
Net income 522 (16) (437)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest (1) (1)  
Net income (loss) attributable to common stockholders 522 (17) (437)
Other comprehensive income (loss), after tax      
Net income 522 (16) (437)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Reclassification Adjustment from AOCI for Derecognition, after Tax 0 (1) 1
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax (1) (1) (3)
Total other comprehensive income (loss), net of income tax (310) (21) 37
Total comprehensive income (loss), net of income tax 212 (38) (400)
Less: net (gain) loss attributable to noncontrolling interest      
Total comprehensive income (loss) attributable to common stockholders $ 212 $ (38) $ (400)
Basic $ 11.48 $ (0.61) $ (9.47)
Diluted $ 11.31 $ (0.61) $ (9.47)
Weighted Average Number of Shares Outstanding, Basic 45,719,906 46,535,001 46,147,062
Weighted Average Number of Shares Outstanding, Diluted 46,414,830 46,535,001 46,147,062
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ (1) $ (1)  
AMPS Gain on Purchase of Shares $ 1