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Contracts Accounted for as Insurance - Expected Future Premium Collections and Earnings (Details) $ in Millions | Dec. 31, 2023 USD ($)
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Financial Guarantee Insurance Product Line |
Future Net Premiums to be Earned [Abstract] |
2024 (January 1 - March 31) | $ 72
2024 (April 1 - June 30) | 71
2024 (July 1 - September 30) | 70
2024 (October 1 - December 31) | 69
Subtotal 2024 | 282
2025 | 264
2026 | 247
2027 | 234
2028 | 220
2029-2033 | 909
2034-2038 | 602
2039-2043 | 375
After 2043 | 513
Total | 3,646
Future accretion | 370
Total future net earned premiums | 4,016
Consolidated Entity Excluding Variable Interest Entities (VIE) |
Future Premiums to be Collected [Abstract] |
2024 (January 1 - March 31) | 58
2024 (April 1 - June 30) | 39
2024 (July 1 - September 30) | 32
2024 (October 1 - December 31) | 34
Subtotal 2024 | 163
2025 | 110
2026 | 106
2027 | 102
2028 | 95
2029-2033 | 402
2034-2038 | 275
2039-2043 | 199
After 2043 | 387
Total | $ 1,839

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- Definition For financial guarantee insurance contracts, the undiscounted amount of premium revenue expected to be recognized over the term of the contract period. + References No definition available. + Details
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- Definition For financial guarantee insurance contracts, the amount of premium revenue expected to be recognized beyond the twentieth year following the statement of financial position reporting date. + References No definition available. + Details
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- Definition For financial guarantee insurance contracts, the aggregate amount of premium related to the premium receivable which is expected to be collected beyond the twentieth year following the statement of financial position reporting date. + References No definition available. + Details
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- Definition Amount of unearned premium revenue in the statement of financial position for financial guaranty insurance contracts, net of the unexpired portion of premiums ceded and before adjustment for loss claims paid but not yet expensed. + References No definition available. + Details
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- Definition Amount of premium revenue under financial guarantee insurance contract to be recognized in next fiscal quarter following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479655/944-605-50-4 + Details
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