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Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Change in fair value of insured derivatives:        
Unrealized gains (losses) on insured derivatives     $ (16) $ (20)
Net change in fair value of insured derivatives $ 3 $ (8) (50) (36)
Net gains (losses) on financial instruments at fair value and foreign exchange (61) 14 (44) (55)
Net investment losses related to other-than-temporary impairments:        
Net investment losses related to other-than-temporary impairments (11) 0 (13) (1)
Net gains (losses) on extinguishment of debt 0 3 8 5
Other net realized gains (losses) 34 0 37 (1)
Total revenues 72 118 149 150
Expenses:        
Losses and loss adjustment 170 77 264 99
Interest 50 49 98 99
Total expenses 282 173 479 306
Income (loss) before income taxes (210) (55) (330) (156)
Provision (benefit) for income taxes 1,019 (28) 971 (51)
Net income (loss) $ (1,229) $ (27) $ (1,301) $ (105)
Net income (loss) per common share:        
Basic $ (9.78) $ (0.2) $ (10.13) $ (0.78)
Diluted $ (9.78) $ (0.2) $ (10.13) $ (0.78)
Weighted average number of common shares outstanding:        
Basic 125,653,189 132,677,066 128,511,897 134,245,952
Diluted 125,653,189 132,677,066 128,511,897 134,245,952
Non Variable Interest Entity [Member]        
Premiums earned:        
Scheduled premiums earned $ 28 $ 44 $ 56 $ 89
Refunding premiums earned 16 29 37 59
Premiums earned (net of ceded premiums of $1, $2, $3 and $3) 44 73 93 148
Net investment income 37 37 89 76
Fees and reimbursements 6 1 8 2
Change in fair value of insured derivatives:        
Realized gains (losses) and other settlements on insured derivatives (3) (2) (34) (16)
Unrealized gains (losses) on insured derivatives 6 (6) (16) (20)
Net change in fair value of insured derivatives 3 (8) (50) (36)
Net gains (losses) on financial instruments at fair value and foreign exchange (61) 14 (44) (55)
Net investment losses related to other-than-temporary impairments:        
Investment losses related to other-than-temporary impairments (54) 0 (54) (1)
Other-than-temporary impairments recognized in accumulated other comprehensive income (loss) 43 0 41 0
Net investment losses related to other-than-temporary impairments (11) 0 (13) (1)
Net gains (losses) on extinguishment of debt 0 3 8 5
Other net realized gains (losses) 34 0 37 (1)
Expenses:        
Losses and loss adjustment 170 77 264 99
Amortization of deferred acquisition costs 8 10 15 20
Operating 32 30 61 65
Interest 50 49 98 99
Variable Interest Entity Primary Beneficiary [Member]        
Premiums earned:        
Net investment income 6 5 12 20
Change in fair value of insured derivatives:        
Net gains (losses) on financial instruments at fair value and foreign exchange 14 (7) (19) (8)
Net investment losses related to other-than-temporary impairments:        
Other net realized gains (losses) 0 0 28 0
Expenses:        
Operating 3 3 5 7
Interest $ 19 $ 4 $ 36 $ 16