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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Statement of Cash Flows [Abstract]          
Net cash flows provided by (used in) operating activities     $ (16) $ 436  
Fixed-maturity securities, available-for-sale:          
Purchases     (607) (290)  
Sales $ 129 $ 239 488 694  
Maturities and paydowns     402 298  
Short-term investments with original maturities of over three months:          
Purchases     (1) (13)  
Sales     0 4  
Maturities and paydowns     3 15  
Net sales (purchases) of short-term investments with original maturities of less than three months     (58) (845)  
Sales of fixed-maturity securities, trading     141 0  
Paydowns of financial guaranty variable interest entities’ assets     12 14  
Purchases of and contributions to other invested assets     (71) (15)  
Sales of and return of capital from other invested assets     33 11  
Other     (2) (1)  
Net cash flows provided by (used in) investing activities     340 (128)  
Cash flows from financing activities:          
Dividends paid     (36) (35)  
Repurchases of common shares     (281) (26)  
Net paydowns of financial guaranty variable interest entities’ liabilities     (152) (14)  
Other     (28) (15)  
Cash flows from consolidated investment vehicles:          
Repayment of collateralized loan obligations     0 (1)  
Repayment of warehouse financing debt     0 (166)  
Borrowing (payment) under credit facilities     0 (4)  
Distributions to noncontrolling interests from consolidated investment vehicles     (3) (72)  
Net cash flows provided by (used in) financing activities     (500) (333)  
Effect of foreign exchange rate changes     (1) 2  
Increase (decrease) in cash and cash equivalents and restricted cash     (177) (23)  
Cash and cash equivalents and restricted cash at beginning of period     286 207 $ 207
Cash and cash equivalents and restricted cash at end of period 109 184 109 184 286
Supplemental cash flow information          
Income taxes paid (received)     58 2  
Interest paid on long-term debt     45 41  
Supplemental disclosure of non-cash activities:          
Fixed-maturity securities, available-for-sale, received as salvage     0 1  
Contributions from noncontrolling interests     0 20  
Distributions to noncontrolling interests     0 20  
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:          
Cash 92 114 92 114 97
Restricted cash (included in other assets) 2 1 2 1  
Cash and cash equivalents of consolidated investment vehicles (See Note 8) 15 49 15 49  
Cash (included in assets held for sale) 0 20 0 20  
Cash and cash equivalents and restricted cash at end of period $ 109 $ 184 $ 109 $ 184 $ 286