XML 99 R84.htm IDEA: XBRL DOCUMENT v3.24.3
Variable Interest Entities Special Purpose Entities, including Variable Interest Entities - Summary of Assets and Liabilities (Details)
$ in Millions
Sep. 30, 2024
USD ($)
Entity
Dec. 31, 2023
USD ($)
Entity
Sep. 30, 2023
USD ($)
Debt Securities, Available-for-sale, Amortized Cost $ 2,069 $ 2,197  
Fixed maturity securities, at fair value 2,073    
Restricted Cash 16 12 $ 13
Derivative assets 33 26  
Other assets 228 129  
Total assets 9,256 8,428 7,847
Interest Payable 515 475  
Long-term debt 518 508  
Derivative Liability 35 35  
Other Liabilities 262 180  
Liabilities 7,383 6,997  
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 54 40  
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 49 71  
Variable Interest Entity, Primary Beneficiary [Member]      
Fixed maturity securities, at fair value 2,238 2,167  
Restricted Cash 47 246 $ 256
Financing Receivable, after Allowance for Credit Loss 1,651 1,663  
Derivative assets 216 226  
Other assets 110 92  
Total assets 4,262 4,394  
Long-term debt 2,738 2,710  
Long-term Debt, at par less amortized discount 259 258  
Long-term debt 2,996 2,967  
Derivative Liability 1,223 1,197  
Other Liabilities 10 5  
Liabilities 4,271 4,404  
Estimated Future Premium Payments Maximum Discounted Rate 41 235  
Variable Interest Entity, Primary Beneficiary [Member] | Corporate Debt Securities [Member]      
Fixed maturity securities, at fair value 2,146 2,072  
Variable Interest Entity, Primary Beneficiary [Member] | Municipal Bonds [Member]      
Debt Securities, Available-for-sale, Amortized Cost 85 88  
Fixed maturity securities, at fair value 92 95  
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 8 7  
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 0 0  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac UK [Member]      
Fixed maturity securities, at fair value 2,146 2,072  
Restricted Cash 46 245  
Financing Receivable, after Allowance for Credit Loss 1,651 1,663  
Derivative assets 216 226  
Other assets 109 90  
Total assets 4,168 4,296  
Long-term debt 2,738 2,710  
Long-term Debt, at par less amortized discount 103 99  
Long-term debt 2,841 2,808  
Derivative Liability 1,223 1,197  
Cash collateral payable 41    
Other Liabilities 10 4  
Liabilities 4,115 4,244  
Estimated Future Premium Payments Maximum Discounted Rate   235  
Variable Interest Entity, Primary Beneficiary [Member] | Ambac UK [Member] | Corporate Debt Securities [Member]      
Fixed maturity securities, at fair value 2,146 2,072  
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 Assurance [Member]      
Fixed maturity securities, at fair value 92 95  
Restricted Cash 1 1  
Financing Receivable, after Allowance for Credit Loss 0 0  
Derivative assets 0 0  
Other assets 1 2  
Total assets 94 98  
Long-term debt 0 0  
Long-term Debt, at par less amortized discount 156 159  
Long-term debt 156 159  
Derivative Liability 0 0  
Other Liabilities 1 1  
Liabilities 156 160  
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 $ 92 $ 95  
Consolidated Entities [Member]      
Number Of Consolidated Variable Interest Entities | Entity 6 6  
Consolidated Entities [Member] | Ambac UK [Member]      
Number Of Consolidated Variable Interest Entities | Entity 4 4  
Consolidated Entities [Member] | Ambac Assurance [Member]      
Number Of Consolidated Variable Interest Entities | Entity 2 2