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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Premiums, fees and reimbursements received $ 3 $ 2
Investment income received 13 16
Financial guarantee losses and loss adjustment expenses paid (21) (19)
Proceeds from recoveries and reinsurance, net of salvage paid to reinsurers 3 2
Operating expenses paid and other operating (32) (19)
Interest paid, net of interest converted to principal (9) (12)
Net cash provided (used) by operating activities (43) (30)
Cash flows from investing activities:    
Purchases of available-for-sale investments (137) (53)
Sales of available-for-sale investments 62 28
Paydowns, maturities and other proceeds of available-for-sale investments 29 28
Purchases of investments at fair value (11) (46)
Sales, paydowns, maturities and other proceeds of investments at fair value 22 65
Sales, paydowns and maturities (purchases) of short-term investments, net 66 112
Other investing 1 (1)
Net cash provided (used) by investing activities 32 133
Cash flows from financing activities:    
Principal paydowns of investment agreements 0 (1)
Principal paydowns of medium-term notes 0 (36)
Proceeds from variable interest entity debt 0 2
Principal paydowns/redemptions of variable interest entity debt (6) (36)
Purchases of treasury stock (7) (2)
Net cash provided (used) by financing activities (13) (73)
Net increase (decrease) in cash and cash equivalents (24) 30
Cash and cash equivalents - beginning of period 87 108
Cash and cash equivalents - end of period 63 138
Reconciliation of net income (loss) to net cash provided (used) by operating activities:    
Net income (loss) (62) (86)
Income (loss) from discontinued operations, net of income taxes 0 1
Income (loss) from continuing operations (62) (87)
Change in:    
Unearned premium revenue (7) (8)
Loss and loss adjustment expense reserves (5) (3)
Insurance loss recoverable (6) 4
Accrued interest payable 42 44
Other assets and liabilities (19) (7)
Net realized investment gains (losses) 5 1
Net (gains) losses on financial instruments at fair value and foreign exchange 15 21
Other net realized (gains) losses (7) (3)
Other operating 1 8
Total adjustments to income (loss) from continuing operations 19 57
Net cash provided (used) by operating activities (43) (30)
Non-cash financing activities:    
Variable interest entity debt extinguishment $ 7 $ 0