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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Statement of Cash Flows [Abstract]      
Net cash flows provided by (used in) operating activities $ 312 $ (892)  
Fixed-maturity securities, available-for-sale:      
Purchases (225) (68)  
Sales 455 57  
Maturities and paydowns 129 179  
Short-term investments with original maturities of over three months:      
Purchases (12) (17)  
Sales 3 0  
Maturities and paydowns 15 0  
Net sales (purchases) of short-term investments with original maturities of less than three months (460) 656  
Paydowns of financial guaranty variable interest entities’ assets 7 18  
Purchases of other invested assets (10) (5)  
Sales and return of capital of other invested assets 5 31  
Other (1) (1)  
Net cash flows provided by (used in) investing activities (94) 850  
Cash flows from financing activities:      
Dividends paid (18) (17)  
Repurchases of common shares (2) (152)  
Net paydowns of financial guaranty variable interest entities’ liabilities (9) (41)  
Other (15) (10)  
Cash flows from consolidated investment vehicles:      
Proceeds from issuance of collateralized loan obligations 0 371  
Repayment of collateralized loan obligations 0 (372)  
Proceeds from issuance of warehouse financing debt 0 215  
Repayment of warehouse financing debt (152) 0  
Borrowing (payment) under credit facilities (30) (1)  
Contributions from noncontrolling interests to consolidated investment vehicles 0 3  
Distributions to noncontrolling interests from consolidated investment vehicles (70) (6)  
Net cash flows provided by (used in) financing activities (296) (10)  
Effect of foreign exchange rate changes 1 (1)  
Increase (decrease) in cash and cash equivalents and restricted cash (77) (53)  
Cash and cash equivalents and restricted cash at beginning of period 207 342 $ 342
Cash and cash equivalents and restricted cash at end of period 130 289 207
Supplemental cash flow information      
Interest paid on long-term debt 10 9  
Supplemental disclosure of non-cash activities:      
Fixed-maturity securities, available-for-sale, received as salvage 1 610  
Fixed-maturity securities, available-for-sale, ceded to a reinsurer 0 27  
Fixed-maturity securities, trading, received as salvage 0 184  
Fixed-maturity securities, trading, ceded to a reinsurer 0 6  
Debt securities of financial guaranty variable interest entities received as salvage 0 54  
Contributions from noncontrolling interests 3 2  
Distributions to noncontrolling interests 3 2  
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:      
Cash 118 119 107
Restricted cash (included in other assets) 0 12  
Cash and cash equivalents of consolidated investment vehicles (See Note 8) (13) 158  
Cash 25 0  
Cash and cash equivalents and restricted cash at end of period $ 130 $ 289 $ 207