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Contracts Accounted for as Insurance - BIG Transaction Loss Summary (Details) $ in Millions | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 USD ($) risk | Dec. 31, 2023 USD ($) risk
Discount |  |
Total | $ 71 |
BIG |  |
Number of risks |  |
Total (in contracts) | risk | 212 | 217
Principal |  |
Total | $ 5,468 | $ 5,383
BIG | BIG 1 |  |
Number of risks |  |
Total (in contracts) | risk | 90 | 95
Principal |  |
Total | $ 2,159 | $ 2,394
BIG | BIG 2 |  |
Number of risks |  |
Total (in contracts) | risk | 14 | 13
Principal |  |
Total | $ 1,526 | $ 979
BIG | BIG 3 |  |
Number of risks |  |
Total (in contracts) | risk | 108 | 109
Principal |  |
Total | $ 1,783 | $ 2,010
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) |  |
Number of risks |  |
Total (in contracts) | risk | 212 | 217
Remaining weighted average contract period |  |
Gross (in years) | 10 years 2 months 12 days | 9 years 10 months 24 days
Total (in years) | 10 years 3 months 18 days | 10 years
Principal |  |
Gross | $ 5,483 | $ 5,398
Total | 5,468 | 5,383
Interest |  |
Gross | 2,986 | 2,840
Total | 2,983 | 2,836
Total net outstanding exposure |  |
Gross | 8,469 | 8,238
Total | 8,451 | 8,219
Expected cash outflows (inflows) |  |
Gross | 1,981 | 1,948
Total | 1,971 | 1,938
Potential recoveries |  |
Gross | (1,852) | (1,668)
Total | (1,842) | (1,659)
Subtotal |  |
Gross | 129 | 280
Total | 129 | 279
Discount |  |
Gross | 71 | (19)
Total | 71 | (19)
Expected losses to be paid (recovered) |  |
Gross | 200 | 261
Net expected loss to be paid | 200 | 260
Deferred premium revenue |  |
Gross | 293 | 305
Total | 293 | 305
Reserves (salvage) |  |
Gross | (4) | 73
Total | $ (4) | $ 72
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 1 |  |
Number of risks |  |
Total (in contracts) | risk | 90 | 95
Remaining weighted average contract period |  |
Gross (in years) | 11 years 1 month 6 days | 9 years 7 months 6 days
Principal |  |
Gross | $ 2,165 | $ 2,400
Interest |  |
Gross | 1,146 | 1,126
Total net outstanding exposure |  |
Gross | 3,311 | 3,526
Expected cash outflows (inflows) |  |
Gross | 101 | 176
Potential recoveries |  |
Gross | (275) | (376)
Subtotal |  |
Gross | (174) | (200)
Discount |  |
Gross | 38 | 56
Expected losses to be paid (recovered) |  |
Gross | (136) | (144)
Deferred premium revenue |  |
Gross | 65 | 100
Reserves (salvage) |  |
Gross | $ (172) | $ (181)
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 2 |  |
Number of risks |  |
Total (in contracts) | risk | 14 | 13
Remaining weighted average contract period |  |
Gross (in years) | 13 years | 15 years 10 months 24 days
Principal |  |
Gross | $ 1,526 | $ 979
Interest |  |
Gross | 1,201 | 896
Total net outstanding exposure |  |
Gross | 2,727 | 1,875
Expected cash outflows (inflows) |  |
Gross | 410 | 187
Potential recoveries |  |
Gross | (336) | (78)
Subtotal |  |
Gross | 74 | 109
Discount |  |
Gross | 42 | (22)
Expected losses to be paid (recovered) |  |
Gross | 116 | 87
Deferred premium revenue |  |
Gross | 98 | 63
Reserves (salvage) |  |
Gross | $ 48 | $ 45
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 3 |  |
Number of risks |  |
Total (in contracts) | risk | 108 | 109
Remaining weighted average contract period |  |
Gross (in years) | 6 years 8 months 12 days | 7 years 6 months
Principal |  |
Gross | $ 1,792 | $ 2,019
Interest |  |
Gross | 639 | 818
Total net outstanding exposure |  |
Gross | 2,431 | 2,837
Expected cash outflows (inflows) |  |
Gross | 1,470 | 1,585
Potential recoveries |  |
Gross | (1,241) | (1,214)
Subtotal |  |
Gross | 229 | 371
Discount |  |
Gross | (9) | (53)
Expected losses to be paid (recovered) |  |
Gross | 220 | 318
Deferred premium revenue |  |
Gross | 130 | 142
Reserves (salvage) |  |
Gross | $ 120 | $ 209

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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 Schedule of Insured Financial Obligations with Credit Deterioration, Reductions of Gross Claim Liability, Net of Reinsurance Recoverable, Discount (Accretion) + 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://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-34 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a)(5)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-9 + 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://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-34 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a)(5)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-9 + 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://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-34 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a)(5)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-9 + Details
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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 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://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-34 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a)(5)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-9 + 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://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-34 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a)(5)(iii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-9 + 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://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-34 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a)(5)(vii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-9 + 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://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-34 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a)(5)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-9 + 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://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-34 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a)(5)(v) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-9 + 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://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-34 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a)(5)(vi) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-9 + Details
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- Definition This element represents the claim liability, reported on or included in the statement of financial position, related to financial guarantee insurance contracts and presented in the schedule of insured financial obligations with credit deterioration 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://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-34 + Details
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