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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Premiums, fees and reimbursements received $ 17 $ 18 $ 25
Investment income received 57 105 92
Proceeds from litigation settlement 0 0 18
Financial guarantee losses and loss adjustment expenses paid (157) (214) (1,108)
Proceeds from recoveries and reinsurance, net of salvage paid to reinsurers 22 10 694
Operating expenses paid and other operating (57) (71) (97)
Other proceeds from consolidated variable interest entities 2 28 0
Interest paid, net of interest converted to principal (53) (64) (43)
Income taxes (paid) received 0 0 (1)
Cash (used) provided by discontinued operations (7) (7) 2
Net cash provided (used) by operating activities (176) (195) (418)
Cash flows from investing activities:      
Purchases of available-for-sale investments (210) (366) (1,009)
Sales of available-for-sale investments 115 943 1,100
Paydowns, maturities and other proceeds of available-for-sale investments 207 214 411
Purchases of investments at fair value (114) (77) (148)
Sales, paydowns, maturities and other proceeds of investments at fair value 189 279 228
Sales, paydowns and maturities (purchases) of short-term investments, net 76 (186) 31
Paydowns and maturities of loans receivable 6 9 8
Consolidation/(deconsolidation) of variable interest entities 0 (2) 2
(Payments) proceeds for derivative settlements (1) (38) (10)
Proceeds (payments) from discontinued operations 19 (9) 10
Net cash provided (used) by investing activities 287 767 623
Cash flows from financing activities:      
Proceeds from investment agreements 0 7 8
Principal paydowns of investment agreements (5) (12) (54)
Principal paydowns of medium-term notes (62) (15) (74)
Proceeds from variable interest entity debt 8 62 2
Principal paydowns/redemptions of variable interest entity debt (59) (142) (135)
Dividends paid 0 (409) 0
Principal paydowns of long-term debt (1) 0 (29)
Purchases of treasury stock (4) (38) (3)
Cash provided (used) by discontinued operations (9) 5 0
Net cash provided (used) by financing activities (132) (542) (285)
Effect of exchange rate changes on cash and cash equivalents 0 0 (2)
Net increase (decrease) in cash and cash equivalents (21) 30 (82)
Cash and cash equivalents - beginning of year 108 78 160
Cash and cash equivalents - end of year 87 108 78
Reconciliation of net income (loss) to net cash provided (used) by operating activities:      
Net income (loss) (444) (487) (203)
Income (loss) from discontinued operations, net of income taxes (3) (3) (54)
Income (loss) from continuing operations (441) (484) (149)
Change in:      
Premiums receivable 13 14 32
Unearned premium revenue (33) (34) (56)
Loss and loss adjustment expense reserves 53 24 (468)
Insurance loss recoverable (2) (46) 120
Accrued interest payable 162 159 145
Other assets and liabilities 8 (1) (67)
Net realized investment gains (losses) 3 76 41
Net (gains) losses on financial instruments at fair value and foreign exchange 65 41 (31)
Other net realized (gains) losses 13 29 (11)
Other operating (17) 27 26
Total adjustments to income (loss) from continuing operations 265 289 (269)
Net cash provided (used) by operating activities (176) (195) (418)
Non-cash investing and finanacing activities:      
Loans receivable disposed of a variable interest entity 0 28 0
Other investments, received from sale of net assets held for sale 0 3 0
Fixed-maturity securities held as available-for-sale, received as salvage 0 0 582
Investments carried at fair value, received as salvage 0 0 277
Variable interest entity notes disposed of upon deconsolidation $ 0 $ 22 $ 0