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Financial Guarantees in Force (Tables)
 12 Months Ended
Dec. 31, 2023
Guarantees [Abstract]  
Schedule of Financial Guarantee Insurance In Force By Bond Type
As of December 31, 2023 and 2022, the legacy financial guarantee portfolio consisted of the types of guaranteed bonds as shown in the following table:
Net Par Outstanding December 31, (1)
20232022
Public Finance:
Housing revenue (2)
$3,443 $5,491 
Lease and tax-backed revenue1,542 1,979 
General obligation1,051 1,301 
Other1,526 1,776 
Total Public Finance7,562 10,547 
Structured Finance:
Mortgage-backed and home equity1,712 1,930 
Investor-owned utilities1,077 1,103 
Other526 579 
Total Structured Finance3,315 3,612 
International Finance:
Sovereign/sub-sovereign4,221 4,077 
Investor-owned and public utilities2,855 2,583 
Asset-backed and other862 1,083 
Transportation726 711 
Total International Finance8,664 8,454 
Total$19,541 $22,613 
(1)Net Par Outstanding includes capital appreciation bonds, which are reported at the par amount at the time of issuance of the insurance policy as opposed to the current accreted value of the bond.
(2)Includes $3,371 and $5,400 of Military Housing net par at December 31, 2023 and 2022, respectively.
Schedule of International Financial Guarantee Insurance In Force Portfolio By Location Of Risk
As of December 31, 2023 and 2022, the financial guaranteed portfolio by location of risk was as outlined in the table below:
Net Par Outstanding December 31,20232022
United States
$10,877 $14,159 
United Kingdom7,502 7,223 
Italy576 644 
Austria307 310 
Australia266 259 
France12 14 
Other international
1 4 
Total
$19,541 $22,613