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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Premiums, fees and reimbursements received $ 11 $ 11
Investment income received 39 44
Financial guarantee losses and loss adjustment expenses paid (134) (151)
Proceeds from recoveries and reinsurance, net of salvage paid to reinsurers 233 10
Operating expenses paid and other operating (60) (42)
Other proceeds from consolidated variable interest entities 0 2
Interest paid, net of interest converted to principal (41) (46)
Cash (used) provided by discontinued operations   (7)
Net cash provided (used) by operating activities 48 (179)
Cash flows from investing activities:    
Purchases of available-for-sale investments (334) (159)
Sales of available-for-sale investments 125 100
Paydowns, maturities and other proceeds of available-for-sale investments 160 141
Purchases of investments at fair value (44) (92)
Sales, paydowns, maturities and other proceeds of investments at fair value 50 173
Sales, paydowns and maturities (purchases) of short-term investments, net 6 96
Proceeds (payments) from discontinued operations   19
Other investing 3 4
Net cash provided (used) by investing activities (34) 282
Cash flows from financing activities:    
Principal paydowns of investment agreements (16) (5)
Principal paydowns of medium-term notes 0 (62)
Proceeds from variable interest entity debt 0 2
Principal paydowns/redemptions of variable interest entity debt (9) (58)
Principal paydowns of long-term debt 0 (1)
Purchases of treasury stock (7) (4)
Cash provided (used) by discontinued operations   (9)
Net cash provided (used) by financing activities (32) (137)
Net increase (decrease) in cash and cash equivalents (18) (34)
Cash and cash equivalents - beginning of period 87 108
Cash and cash equivalents - end of period 69 74
Reconciliation of net income (loss) to net cash provided (used) by operating activities:    
Net income (loss) (126) (393)
Income (loss) from discontinued operations, net of income taxes (1) (2)
Income (loss) from continuing operations (125) (391)
Change in:    
Unearned premium revenue (21) (24)
Loss and loss adjustment expense reserves (83) 51
Insurance loss recoverable 146 (19)
Accrued interest payable 109 118
Other assets and liabilities (10) 4
Net realized investment (gains) losses 6 3
Net (gains) losses on financial instruments at fair value and foreign exchange 27 79
Other net realized (gains) losses (7) 7
Other operating 6 (7)
Total adjustments to income (loss) from continuing operations 173 212
Net cash provided (used) by operating activities 48 (179)
Non-cash financing activities:    
Variable interest entity debt extinguishment $ 7 $ 0