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Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Change in fair value of insured derivatives:        
Unrealized gains (losses) on insured derivatives     $ 23 $ 36
Net investment losses related to other-than-temporary impairments:        
Total revenues $ 172 $ 105 252 190
Expenses:        
Total expenses 83 150 389 477
Income (loss) before income taxes 89 (45) (137) (287)
Provision (benefit) for income taxes 18 0 (21) 2
Net income (loss) $ 71 $ (45) $ (116) $ (289)
Net income (loss) per common share:        
Basic $ 0.86 $ (0.50) $ (1.40) $ (3.24)
Diluted $ 0.86 $ (0.50) $ (1.40) $ (3.24)
Weighted average number of common shares outstanding:        
Basic 78,686,542 89,490,267 82,813,523 89,075,892
Diluted 78,686,542 89,490,267 82,813,523 89,075,892
Non Variable Interest Entity [Member]        
Premiums earned:        
Scheduled premiums earned $ 17 $ 44 $ 52 $ 96
Refunding premiums earned 3 18 13 42
Premiums earned (net of ceded premiums of $1, $1, $4 and $4) 20 62 65 138
Net investment income 27 31 89 96
Fees and reimbursements 0 17 1 23
Change in fair value of insured derivatives:        
Realized gains (losses) and other settlements on insured derivatives (9) (5) (10) (49)
Unrealized gains (losses) on insured derivatives 9 4 23 36
Net change in fair value of insured derivatives 0 (1) 13 (13)
Net gains (losses) on financial instruments at fair value and foreign exchange 44 5 40 18
Net investment losses related to other-than-temporary impairments:        
Other-than-temporary impairments recognized in accumulated other comprehensive income (loss) 0 (1) (37) (3)
Net investment losses related to other-than-temporary impairments 0 (1) (37) (3)
Net gains (losses) on extinguishment of debt (1) 3 (1) 3
Other net realized gains (losses) 0 1 2 0
Expenses:        
Losses and loss adjustment (13) 46 89 177
Amortization of deferred acquisition costs 3 9 9 17
Operating 23 18 68 57
Interest 50 52 154 155
Variable Interest Entity Primary Beneficiary [Member]        
Premiums earned:        
Net investment income 10 9 30 25
Change in fair value of insured derivatives:        
Net gains (losses) on financial instruments at fair value and foreign exchange 76 12 112 29
Net investment losses related to other-than-temporary impairments:        
Other net realized gains (losses) (4) (33) (62) (126)
Expenses:        
Operating 2 3 6 8
Interest $ 18 $ 22 $ 63 $ 63