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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Net premiums earned $ 78 $ 56 $ 47
Insurance Commissions and Fees 51 31 26
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset 8 3 0
Net investment income:      
Net investment income 140 17 139
Realized Investment Gains (Losses) (22) 31 7
Derivative, Gain (Loss) on Derivative, Net (1) 129 22
Net realized gains on extinguishment of debt 0 81 33
Other income 11 10 1
Income (loss) on variable interest entities 3 21 7
Gain (Loss) Related to Litigation Settlement   126 0
Total revenues and other income 269 505 282
Policyholder Benefits and Claims Incurred, Net (33)    
Expenses:      
Losses and loss adjustment expenses   (396) (88)
Deferred Policy Acquisition Costs, Amortization Expense 11 3 1
Insurance Commissions 29 18 15
Intangible amortization 29 47 55
General and Administrative Expense 156 141 111
Interest expense 64 168 187
Total expenses 257 (20) 281
Pretax income (loss) 12 525 2
Provision (benefit) for income taxes 7 2 18
Net income 5 522 (16)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest (1) (1) (1)
Net income (loss) attributable to common stockholders 4 522 (17)
Other comprehensive income (loss), after tax      
Net income 5 522 (16)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Reclassification Adjustment from AOCI for Derecognition, after Tax 0 0 (1)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax 2 (1) (1)
Total other comprehensive income (loss), net of income tax 93 (310) (21)
Total comprehensive income, net of income tax 98 212 (38)
Less: net (gain) loss attributable to noncontrolling interest      
Total comprehensive income attributable to common stockholders $ 96 $ 212 $ (38)
Basic $ 0.18 $ 11.48 $ (0.61)
Diluted $ 0.18 $ 11.31 $ (0.61)
Weighted Average Number of Shares Outstanding, Basic 45,636,649 45,719,906 46,535,001
Weighted Average Number of Shares Outstanding, Diluted 46,540,706 46,414,830 46,535,001
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ (1) $ (1) $ (1)
AMPS Gain on Purchase of Shares   1  
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax 51 (225) (12)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax $ 40 $ (85) $ (8)