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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Statement of Cash Flows [Abstract]            
Net cash flows provided by (used in) operating activities       $ 258 $ (1,848)  
Fixed-maturity securities, available-for-sale:            
Purchases       (458) (279)  
Sales $ 73   $ 207 767 560  
Maturities and paydowns       528 585  
Short-term investments with original maturities of over three months:            
Purchases       (16) (42)  
Sales       4 0  
Maturities and paydowns       35 23  
Net sales (purchases) of short-term investments with original maturities of less than three months       (638) 64  
Sales of fixed-maturity securities, trading       0 121  
Paydowns of financial guaranty variable interest entities’ assets       88 74  
Purchases of other invested assets       (128) (11)  
Sales and return of capital of other invested assets       16 35  
Sale of asset management subsidiaries, net of cash       (14) 0  
Other       (1) (2)  
Net cash flows provided by (used in) investing activities       183 1,128  
Cash flows from financing activities:            
Dividends paid       (51) (49)  
Repurchases of common shares       (90) (400)  
Net paydowns of financial guaranty variable interest entities’ liabilities       (141) (92)  
Issuance of long-term debt, net of issuance costs       345 0  
Redemption of debt       (330) 0  
Other       (15) (6)  
Cash flows from consolidated investment vehicles:            
Proceeds from issuance of collateralized loan obligations       0 1,372  
Repayment of collateralized loan obligations       (1) (373)  
Proceeds from issuance of warehouse financing debt       0 882  
Repayment of warehouse financing debt       (166) (758)  
Borrowing (payment) under credit facilities       (4) 46  
Contributions from noncontrolling interests to consolidated investment vehicles       0 52  
Distributions to noncontrolling interests from consolidated investment vehicles       (80) (19)  
Net cash flows provided by (used in) financing activities       (533) 655  
Effect of foreign exchange rate changes       0 (6)  
Increase (decrease) in cash and cash equivalents and restricted cash       (92) (71)  
Cash and cash equivalents and restricted cash at beginning of period   $ 271   207 342 $ 342
Cash and cash equivalents and restricted cash at end of period 115 207 271 115 271 207
Supplemental cash flow information            
Income taxes paid (received)       3 97  
Interest paid on long-term debt       55 47  
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       0 550  
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       20 32  
Distributions to noncontrolling interests       27 53  
Assets acquired       444 0  
Assets transferred       241 0  
Liabilities transferred       66 0  
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:            
Cash 108 107 131 108 131 107
Restricted cash (included in other assets) 0   1 0 1  
Cash and cash equivalents of consolidated investment vehicles (See Note 8) 7   139 7 139  
Cash and cash equivalents and restricted cash at end of period $ 115 $ 207 $ 271 $ 115 $ 271 $ 207