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v3.22.1

Contracts Accounted for as Insurance - BIG Transaction Loss Summary (Details) $ in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2022 USD ($) risk | Dec. 31, 2021 USD ($) risk
Discount |  |
Total | $ (167) |
Reserves (salvage) |  |
Total | $ 188 | $ 79
BIG |  |
Number of risks |  |
Total (in contracts) | risk | 255 | 262
Principal |  |
Total | $ 5,579 | $ 7,293
BIG | BIG 1 |  |
Number of risks |  |
Total (in contracts) | risk | 108 | 117
Principal |  |
Total | $ 2,027 | $ 2,429
BIG | BIG 2 |  |
Number of risks |  |
Total (in contracts) | risk | 20 | 16
Principal |  |
Total | $ 225 | $ 177
BIG | BIG 3 |  |
Number of risks |  |
Total (in contracts) | risk | 127 | 129
Principal |  |
Total | $ 3,327 | $ 4,687
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) |  |
Number of risks |  |
Total (in contracts) | risk | 255 | 262
Remaining weighted average contract period |  |
Total (in years) | 8 years 1 month 6 days | 8 years 6 months
Principal |  |
Gross | $ 5,607 | $ 7,359
Total | 5,579 | 7,293
Interest |  |
Gross | 2,081 | 2,978
Total | 2,077 | 2,962
Total net outstanding exposure |  |
Gross | 7,688 | 10,337
Total | 7,656 | 10,255
Expected cash outflows (inflows) |  |
Gross | 3,466 | 4,971
Total | 3,453 | 4,918
Potential recoveries |  |
Gross | (2,915) | (4,495)
Total | (2,903) | (4,430)
Subtotal |  |
Gross | 551 | 476
Total | 550 | 488
Discount |  |
Gross | (168) | (129)
Total | (167) | (129)
Expected losses to be paid (recovered) |  |
Gross | 383 | 347
Net expected loss to be paid | 383 | 359
Deferred premium revenue |  |
Gross | 315 | 437
Total | 313 | 435
Reserves (salvage) |  |
Gross | 182 | 60
Total | $ 183 | $ 74
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 1 |  |
Number of risks |  |
Total (in contracts) | risk | 108 | 117
Remaining weighted average contract period |  |
Gross (in years) | 7 years 7 months 6 days | 7 years 7 months 6 days
Principal |  |
Gross | $ 2,035 | $ 2,437
Interest |  |
Gross | 867 | 1,000
Total net outstanding exposure |  |
Gross | 2,902 | 3,437
Expected cash outflows (inflows) |  |
Gross | 72 | 111
Potential recoveries |  |
Gross | (394) | (656)
Subtotal |  |
Gross | (322) | (545)
Discount |  |
Gross | 24 | 19
Expected losses to be paid (recovered) |  |
Gross | (298) | (526)
Deferred premium revenue |  |
Gross | 71 | 85
Reserves (salvage) |  |
Gross | $ (317) | $ (549)
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 2 |  |
Number of risks |  |
Total (in contracts) | risk | 20 | 16
Remaining weighted average contract period |  |
Gross (in years) | 7 years 10 months 24 days | 8 years 10 months 24 days
Principal |  |
Gross | $ 225 | $ 177
Interest |  |
Gross | 41 | 36
Total net outstanding exposure |  |
Gross | 266 | 213
Expected cash outflows (inflows) |  |
Gross | 68 | 40
Potential recoveries |  |
Gross | (48) | (10)
Subtotal |  |
Gross | 20 | 30
Discount |  |
Gross | (3) | (3)
Expected losses to be paid (recovered) |  |
Gross | 17 | 27
Deferred premium revenue |  |
Gross | 9 | 2
Reserves (salvage) |  |
Gross | $ 15 | $ 25
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 3 |  |
Number of risks |  |
Total (in contracts) | risk | 127 | 129
Remaining weighted average contract period |  |
Gross (in years) | 8 years 3 months 18 days | 8 years 10 months 24 days
Principal |  |
Gross | $ 3,347 | $ 4,745
Interest |  |
Gross | 1,173 | 1,942
Total net outstanding exposure |  |
Gross | 4,520 | 6,687
Expected cash outflows (inflows) |  |
Gross | 3,326 | 4,820
Potential recoveries |  |
Gross | (2,473) | (3,829)
Subtotal |  |
Gross | 853 | 991
Discount |  |
Gross | (189) | (145)
Expected losses to be paid (recovered) |  |
Gross | 664 | 846
Deferred premium revenue |  |
Gross | 235 | 350
Reserves (salvage) |  |
Gross | $ 484 | $ 584

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- Definition This element represents the amount of insured contractual payments outstanding attributable to interest accrued on the underlying insured obligations for financial guaranty insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guaranty insurance contracts, before adjusting for the effect of consolidating VIEs. + References No definition available. + Details
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- Definition This element represents the remaining weighted average contract period of financial guaranty insurance contracts for each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guaranty insurance contracts, before adjusting for the effect of consolidating VIEs. + References No definition available. + Details
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- Definition Remaining weighted average contract period of financial guarantee insurance contracts, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=99379334&loc=SL5751133-161288 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 9 -Subparagraph (a)(5)(ii) -URI http://asc.fasb.org/extlink&oid=99382878&loc=SL5749324-161292 + Details
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- Definition This element represents the gross claim liability for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 9 -Subparagraph (a)(5)(iv) -URI http://asc.fasb.org/extlink&oid=99382878&loc=SL5749324-161292 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=99379334&loc=SL5751133-161288 + Details
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- Definition This element represents the amount of insured contractual payments outstanding on the underlying insured obligations for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 9 -Subparagraph (a)(5)(iii) -URI http://asc.fasb.org/extlink&oid=99382878&loc=SL5749324-161292 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=99379334&loc=SL5751133-161288 + Details
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- Definition This element represents the amount of insured contractual payments outstanding attributable to the principal of the underlying insured obligations for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 9 -Subparagraph (a)(5)(iii) -URI http://asc.fasb.org/extlink&oid=99382878&loc=SL5749324-161292 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=99379334&loc=SL5751133-161288 + Details
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- Definition This element represents the net claim liability related to financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 9 -Subparagraph (a)(5)(vii) -URI http://asc.fasb.org/extlink&oid=99382878&loc=SL5749324-161292 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=99379334&loc=SL5751133-161288 + Details
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- Definition This element represents the number of issued and outstanding contracts for each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 9 -Subparagraph (a)(5)(i) -URI http://asc.fasb.org/extlink&oid=99382878&loc=SL5749324-161292 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=99379334&loc=SL5751133-161288 + Details
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- Definition This element represents the gross potential recoveries against the gross claim liability for financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 9 -Subparagraph (a)(5)(v) -URI http://asc.fasb.org/extlink&oid=99382878&loc=SL5749324-161292 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=99379334&loc=SL5751133-161288 + Details
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- Definition This element represents the net discount consisting of the difference between the discount related to the claim liability for and potential recoveries thereof related to financial guarantee insurance contracts presented in the context of each surveillance grouping or category used by management to monitor and track potential deterioration in the credit worthiness of the insured party's ability to meet its financial obligations related to the contracts underlying financial guarantee insurance contracts the entity has issued. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 9 -Subparagraph (a)(5)(vi) -URI http://asc.fasb.org/extlink&oid=99382878&loc=SL5749324-161292 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=99379334&loc=SL5751133-161288 + Details
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