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Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Net realized investment gains (losses) $ (5) $ (1)
Net gains (losses) on financial instruments at fair value and foreign exchange (15) 4
Total revenues 14 [1] 13 [2]
Expenses:    
Losses and loss adjustment 8 18
Interest 50 52
Total expenses 76 100
Income (loss) from continuing operations before income taxes (62) (87)
Provision (benefit) for income taxes 0 0
Income (loss) from continuing operations (62) (87)
Income (loss) from discontinued operations, net of income taxes 0 1
Net income (loss) $ (62) $ (86)
Net income (loss) per common share - basic and diluted    
Continuing operations - basic $ (1.28) $ (1.88)
Continuing operations - diluted (1.28) (1.88)
Discontinued operations - basic 0 0.04
Discontinued operations - diluted 0 0.04
Net income (loss) per common share - basic (1.28) (1.84)
Net income (loss) per common share - diluted $ (1.28) $ (1.84)
Weighted average number of common shares outstanding:    
Basic [3] 48,354,307 46,820,922
Diluted [3] 48,354,307 46,820,922
Non Variable Interest Entity [Member]    
Revenues:    
Premiums earned (net of ceded premiums of $-, and $-) $ 8 $ 9
Net investment income 18 23
Net realized investment gains (losses) (5) (1)
Net gains (losses) on financial instruments at fair value and foreign exchange (15) 4
Fees and reimbursements 1 0
Other net realized gains (losses) 0 3
Expenses:    
Losses and loss adjustment 8 18
Amortization of deferred acquisition costs 1 1
Operating 16 25
Interest 50 52
Variable Interest Entity, Primary Beneficiary [Member]    
Revenues:    
Net gains (losses) on financial instruments at fair value and foreign exchange 0 (25)
Other net realized gains (losses) 7 0
Expenses:    
Operating $ 1 $ 4
[1] Includes net investment income of $15 million, $7 million, $3 million, and ($7) million for the U.S. Public Finance, Corporate, International and Structured Finance, and Eliminations segments, respectively.
[2] Includes net investment income of $18 million, $8 million, $3 million, and ($6) million for the U.S. Public Finance, Corporate, International and Structured Finance, and Eliminations segments, respectively.
[3] Includes approximately 1 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the three months ended March 31, 2025 and 2024.