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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net investment income:    
Securities available-for-sale and short-term $ 14 $ 22
Net investment income 5 49
Realized Investment Gains (Losses) 10 2
Change in fair value of credit derivatives:    
Derivative, Gain (Loss) on Derivative, Net 57 25
Net realized gains (losses) on extinguishment of debt 0 33
Insurance Commissions and Fees 9 7
Other Operating Income (Expense), Net 2 (2)
Income (loss) on variable interest entities 22 0
Total revenues 119 129
Expenses:    
Losses and loss expenses (benefit) 24 8
Intangible amortization 14 19
Operating expenses 34 33
Interest expense 44 50
Total expenses 116 110
Pre-tax income (loss) 3 19
Provision (benefit) for income taxes 0 2
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest 0 0
Net income (loss) 2 17
Net income attributable to common stockholders 2 17
Other comprehensive income (loss), after tax:    
Net income (loss) 2 17
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax (105) (24)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (23) 6
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax 0 (1)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax 0 0
Total other comprehensive income (loss), net of income tax (127) (18)
Total comprehensive income (loss) (125) (1)
Less: comprehensive (gain) loss attributable to the noncontrolling interest    
Total comprehensive income (loss) attributable to common stockholders (125) (2)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ 0 $ 0
Earnings Per Share, Basic $ 0.04 $ 0.08
Earnings Per Share, Diluted $ 0.04 $ 0.08
Weighted Average Number of Shares Outstanding, Basic 46,731,459 46,314,049
Weighted Average Number of Shares Outstanding, Diluted 47,359,731 46,858,064
Unrealized (loss) gain on securities, taxes $ (2) $ (2)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, Tax 0 0
Gain (loss) on foreign currency translation, taxes 0 0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect 0 0
Premiums Earned, Net $ 15 $ 14