XML 85 R62.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Reporting (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Premiums Earned, Net $ 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 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 Items 31 8  
Losses and loss adjustment expenses (benefit)   (88) 225
Deferred Policy Acquisition Costs, Amortization Expense 3 1 0
Insurance Commissions 18 15  
Operating Expenses 139 110  
Depreciation 2 2 1
Amortization of intangible assets 47 55 57
Interest Expense 168 187  
Benefits, Losses and Expenses (20) 281 596
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 525 2  
Assets 7,973 12,303  
Gain (Loss) Related to Litigation Settlement 126 0  
Revenues 505 282 $ 156
Policyholder Benefits and Claims Incurred, Net (396)    
Legacy Financial Guarantee      
Premiums Earned, Net 42 46  
Net Investment Income 12 138  
Realized Investment Gains (Losses) 32 3  
Derivative, Gain (Loss) on Derivative, Net 128 22  
Net realized gains on extinguishment of debt 81 33  
Other income Items 30 8  
Losses and loss adjustment expenses (benefit)   (89)  
Deferred Policy Acquisition Costs, Amortization Expense 0 0  
Operating Expenses 102 77  
Depreciation 2 2  
Amortization of intangible assets 44 52  
Interest Expense 168 187  
Benefits, Losses and Expenses (89) 230  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 540 20  
Assets 7,292 11,871  
Gain (Loss) Related to Litigation Settlement 126 0  
Revenues 451 250  
Policyholder Benefits and Claims Incurred, Net (406)    
Corporate and Other      
Net Investment Income 3 1  
Realized Investment Gains (Losses) 0    
Derivative, Gain (Loss) on Derivative, Net 1  
Other income Items 0 0  
Operating Expenses 17 19  
Depreciation 0 0  
Benefits, Losses and Expenses 17 19  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (14) (15)  
Assets 226 182  
Revenues 4 5  
Property and Casualty, Commercial Insurance      
Premiums Earned, Net 14 1  
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset 3 0  
Net Investment Income 2 1  
Other income Items 0 0  
Losses and loss adjustment expenses (benefit)   0  
Deferred Policy Acquisition Costs, Amortization Expense 3 0  
Operating Expenses 13 9  
Depreciation 0 0  
Benefits, Losses and Expenses 25 9  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (6) (8)  
Assets 316 156  
Revenues 18 2  
Policyholder Benefits and Claims Incurred, Net 9 0  
Insurance Distribution      
Insurance Commissions and Fees 31 26  
Other income Items 1 0  
Insurance Commissions 18 15  
Operating Expenses 6 5  
Depreciation 0 0  
Amortization of intangible assets 3 3  
Benefits, Losses and Expenses 27 22  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 5 4  
Assets 138 93  
Revenues $ 31 $ 26