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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Premiums, fees and reimbursements received $ 7 $ 7
Investment income received 31 50
Financial guarantee losses and loss adjustment expenses paid (25) (87)
Proceeds from recoveries and reinsurance, net of salvage paid to reinsurers 4 6
Operating expenses paid and other operating (35) (48)
Other proceeds from consolidated variable interest entities 2 28
Interest paid, net of interest converted to principal (24) (27)
Cash (used) provided by discontinued operations 0 (7)
Net cash provided (used) by operating activities (40) (78)
Cash flows from investing activities:    
Purchases of available-for-sale investments (108) (295)
Sales of available-for-sale investments 55 272
Paydowns, maturities and other proceeds of available-for-sale investments 117 157
Purchases of investments at fair value (68) (45)
Sales, paydowns, maturities and other proceeds of investments at fair value 154 237
Sales, paydowns and maturities (purchases) of short-term investments, net 100 (16)
Paydowns and maturities of loans receivable 4 5
(Payments) proceeds for derivative settlements (1) (1)
Net cash provided (used) by investing activities 253 314
Cash flows from financing activities:    
Proceeds from investment agreements 0 4
Principal paydowns of investment agreements (1) (1)
Principal paydowns of medium-term notes (62) (10)
Proceeds from variable interest entity debt 2 0
Principal paydowns/redemptions of variable interest entity debt (57) (59)
Principal paydowns of long-term debt (1) 0
Purchases of treasury stock (4) (28)
Cash provided (used) by discontinued operations 0 6
Net cash provided (used) by financing activities (123) (88)
Net increase (decrease) in cash and cash equivalents 90 148
Cash and cash equivalents - beginning of year 108 78
Cash and cash equivalents - end of year 198 226
Reconciliation of net income (loss) to net cash provided (used) by operating activities:    
Net income (loss) (341) (161)
Income (loss) from discontinued operations, net of income taxes (1) 0
Income (loss) from continuing operations (340) (161)
Change in:    
Unearned premium revenue (16) (17)
Loss and loss adjustment expense reserves 104 (87)
Insurance loss recoverable 41 36
Accrued interest payable 74 71
Other assets and liabilities 6 4
Net realized investment gains (losses) 3 10
Net (gains) losses on financial instruments at fair value and foreign exchange 75 25
Other net realized (gains) losses 9 16
Other operating 4 25
Total adjustments to income (loss) from continuing operations 300 83
Net cash provided (used) by operating activities $ (40) $ (78)