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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Premiums, fees and reimbursements received $ 14 $ 26
Investment income received 91 112
Insured derivative commutations and losses paid (1) (44)
Financial guarantee losses and loss adjustment expenses paid (115) (116)
Proceeds from recoveries and reinsurance 91 32
Operating and employee related expenses paid (44) (52)
Interest paid, net of interest converted to principal (91) (83)
Income taxes (paid) received (2) (1)
Net cash provided (used) by operating activities (57) (126)
Cash flows from investing activities:    
Purchases of available-for-sale investments (1,410) (1,158)
Sales of available-for-sale investments 1,367 1,064
Paydowns and maturities of available-for-sale investments 567 181
Purchases of investments at fair value (104) (96)
Sales, paydowns, maturities and other proceeds of investments at fair value 237 108
Sales, paydowns and maturities (purchases) of short-term investments, net (72) 185
Paydowns and maturities of loans receivable 64 88
Consolidation of variable interest entities 72 0
Deconsolidation of variable interest entities (2) (7)
(Payments) proceeds for derivative settlements (15) (14)
Collateral (to) from counterparties (21) 0
Net cash provided (used) by investing activities 683 351
Cash flows from financing activities:    
Proceeds from investment agreements 7 5
Principal paydowns of investment agreements (13) (28)
Principal paydowns of medium-term notes (56) (36)
Principal paydowns of variable interest entity notes (301) (100)
Purchases of treasury stock (58) (15)
Other financing (7) 0
Net cash provided (used) by financing activities (428) (174)
Net increase (decrease) in cash and cash equivalents 198 51
Cash and cash equivalents—beginning of period 280 146
Cash and cash equivalents—end of period 478 197
Reconciliation of net income (loss) to net cash provided (used) by operating activities:    
Net income (loss) (187) (244)
Change in:    
Premiums receivable 34 16
Deferred acquisition costs 7 9
Unearned premium revenue (67) (74)
Loss and loss adjustment expense reserves 103 57
Insurance loss recoverable (28) (9)
Accrued interest payable 56 70
Accrued expenses (3) (14)
Net investment losses related to other-than-temporary impairments 37 0
Unrealized (gains) losses on insured derivatives (14) (32)
Net (gains) losses on financial instruments at fair value and foreign exchange (32) (30)
Other net realized (gains) losses 56 94
Deferred income tax provision (benefit) (41) 1
Interest on variable interest entities, net 0 12
Other operating 22 18
Total adjustments to net income (loss) 130 118
Net cash provided (used) by operating activities $ (57) $ (126)