XML 96 R78.htm IDEA: XBRL DOCUMENT v3.23.1
Variable Interest Entities Special Purpose Entities, including Variable Interest Entities - Summary of Assets and Liabilities (Details)
$ in Millions
Mar. 31, 2023
USD ($)
Entity
Dec. 31, 2022
USD ($)
Entity
Mar. 31, 2022
USD ($)
Debt Securities, Available-for-sale, Amortized Cost $ 1,983 $ 2,041  
Fixed maturity securities, at fair value 1,923    
Restricted Cash 10 14 $ 7
Derivative assets 31 27  
Other assets 85 84  
Total assets 8,219 7,973 11,531
Interest Payable 438 427  
Long-term debt 497 639  
Derivative Liability 44 38  
Other Liabilities 141 163  
Liabilities 6,892 6,647  
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 31 31  
Variable Interest Entity, Primary Beneficiary [Member]      
Fixed maturity securities, at fair value 2,119 1,967  
Restricted Cash 256 17 $ 49
Financing Receivable, after Allowance for Credit Loss 1,856 1,829  
Derivative assets 243 239  
Other assets 1 2  
Total assets 4,476 4,054  
Long-term debt 2,869 2,788  
Long-term Debt, at par less amortized discount 191 319  
Long-term debt 3,060 3,107  
Derivative Liability 1,174 1,048  
Other Liabilities 1 5  
Liabilities 4,489 4,160  
Estimated Future Premium Payments Maximum Discounted Rate 254 0  
Variable Interest Entity, Primary Beneficiary [Member] | Corporate Debt Securities [Member]      
Fixed maturity securities, at fair value 2,003 1,828  
Variable Interest Entity, Primary Beneficiary [Member] | Municipal Bonds [Member]      
Debt Securities, Available-for-sale, Amortized Cost 99 99  
Fixed maturity securities, at fair value 100 96  
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax (1) (4)  
Available-for-Sale Securities, Accumulated Gross Unrealized Gain, before Tax 2 1  
Variable Interest Entity, Primary Beneficiary [Member] | US States and Political Subdivisions Debt Securities      
Fixed maturity securities, at fair value 16 43  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac UK [Member]      
Fixed maturity securities, at fair value 2,003 1,828  
Restricted Cash 255 1  
Financing Receivable, after Allowance for Credit Loss 1,856 1,829  
Derivative assets 243 239  
Other assets 0 0  
Total assets 4,358 3,896  
Long-term debt 2,869 2,788  
Long-term Debt, at par less amortized discount 0 0  
Long-term debt 2,869 2,788  
Derivative Liability 1,174 1,048  
Cash collateral payable 254    
Other Liabilities 0 0  
Liabilities 4,297 3,836  
Estimated Future Premium Payments Maximum Discounted Rate   0  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac UK [Member] | Corporate Debt Securities [Member]      
Fixed maturity securities, at fair value 2,003 1,828  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac UK [Member] | Municipal Bonds [Member]      
Fixed maturity securities, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac UK [Member] | US States and Political Subdivisions Debt Securities      
Fixed maturity securities, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac Assurance [Member]      
Fixed maturity securities, at fair value 116 139  
Restricted Cash 1 16  
Financing Receivable, after Allowance for Credit Loss 0 0  
Derivative assets 0 0  
Other assets 1 2  
Total assets 118 157  
Long-term debt 0 0  
Long-term Debt, at par less amortized discount 191 319  
Long-term debt 191 319  
Derivative Liability 0 0  
Other Liabilities 1 5  
Liabilities 192 324  
Estimated Future Premium Payments Maximum Discounted Rate 0 0  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac Assurance [Member] | Corporate Debt Securities [Member]      
Fixed maturity securities, at fair value 0 0  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac Assurance [Member] | Municipal Bonds [Member]      
Fixed maturity securities, at fair value 100 96  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac Assurance [Member] | US States and Political Subdivisions Debt Securities      
Fixed maturity securities, at fair value $ 16 $ 43  
Consolidated Entities [Member]      
Number Of Consolidated Variable Interest Entities | Entity 8 9  
Consolidated Entities [Member] | Ambac UK [Member]      
Number Of Consolidated Variable Interest Entities | Entity 4 5  
Consolidated Entities [Member] | Ambac Assurance [Member]      
Number Of Consolidated Variable Interest Entities | Entity 4 4