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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Statement of Cash Flows [Abstract]      
Net cash flows provided by (used in) operating activities $ (892) $ (466)  
Fixed-maturity securities:      
Purchases (68) (396)  
Sales 57 120  
Maturities and paydowns 179 225  
Short-term investments with original maturities of over three months:      
Purchases (17) 0  
Maturities and paydowns 0 30  
Net sales (purchases) of short-term investments with original maturities of less than three months 656 120  
Paydowns of financial guaranty variable interest entities’ assets 18 14  
Purchases of other invested assets (5) (32)  
Return of capital from and sales of other invested assets 31 45  
Other (1) (1)  
Net cash flows provided by (used in) investing activities 850 125  
Financing activities      
Dividends paid (17) (18)  
Repurchases of common shares (152) (77)  
Net paydowns of financial guaranty variable interest entities’ liabilities (41) (13)  
Other (10) 7  
Cash flows from consolidated investment vehicles:      
Proceeds from issuance of collateralized loan obligations 371 752  
Repayment of collateralized loan obligations (372) 0  
Proceeds from issuance of warehouse financing debt 215 217  
Repayment of warehouse financing debt 0 (476)  
Payments under credit facilities (1) 0  
Contributions from noncontrolling interests to consolidated investment vehicles 3 3  
Distributions to noncontrolling interests from consolidated investment vehicles (6) (6)  
Net cash flows provided by (used in) financing activities (10) 389  
Effect of foreign exchange rate changes (1) 0  
Increase (decrease) in cash and restricted cash (53) 48  
Cash and restricted cash at beginning of period 342 298 $ 298
Cash and restricted cash at end of period 289 346 342
Supplemental cash flow information      
Interest paid on long-term debt 9 8  
Supplemental disclosure of non-cash activities:      
Fixed-maturity securities, available-for-sale, received as salvage 610 0  
Fixed-maturity securities, available-for-sale, ceded to a reinsurer 27 0  
Fixed-maturity securities, trading, received as salvage 184 0  
Fixed-maturity securities, trading, ceded to a reinsurer 6 0  
Debt securities of financial guaranty variable interest entities received as salvage 54 0  
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:      
Cash 119 95 120
Restricted cash (included in other assets) 12 1  
Cash and cash equivalents of consolidated investment vehicles (Note 8) 158 250  
Cash and restricted cash at end of period $ 289 $ 346 $ 342