v3.25.1
Municipal Bond Guarantee Insurance - Narrative (Details)
3 Months Ended
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Jul. 01, 2024
USD ($)
Jun. 30, 2024
Guarantor Obligations [Line Items]          
Member surplus contributions, insurance premium charges, percentage 55.00%        
Direct $ 6,700,000 $ 10,500,000      
Gross earned premiums 8,200,000 7,800,000      
Assets held-in-trust 976,200,000   $ 950,100,000    
Collateral trusts, investments and cash 296,700,000   289,400,000    
Surplus notes 300,900,000   300,900,000    
Interest receivable 15,200,000   7,700,000    
Debt 676,100,000   562,500,000    
Interest income from BAM Surplus Notes 7,500,000 0      
Operating Segments | Financial Guarantee (HG Global)          
Guarantor Obligations [Line Items]          
Debt 147,500,000   147,400,000    
Interest income from BAM Surplus Notes 7,500,000 0      
Notes receivable, fair value disclosure 389,200,000   381,700,000 $ 387,400,000  
BAM Surplus Notes          
Guarantor Obligations [Line Items]          
Distribution received $ 0 $ 26,200,000      
BAM Surplus Notes | Surplus Notes          
Guarantor Obligations [Line Items]          
Basis spread on variable rate 3.00%        
Stated margin       10.00% 8.20%
Debt $ 300,900,000   300,900,000    
Interest receivable $ 202,300,000   $ 194,800,000    
BAM Surplus Notes | Surplus Notes | Discount Rate          
Guarantor Obligations [Line Items]          
Debt instrument, measurement input 0.0800   0.0810    
Subsidiary - HG Global          
Guarantor Obligations [Line Items]          
Purchase of surplus notes $ 503,000,000        
Percentage of risk premium ceded 60.00%        
Renegotiation period 5 years        
Percent over a target trust balance 102.00%        
Subsidiary - HG Global | Regulation 114          
Guarantor Obligations [Line Items]          
Assets held-in-trust $ 363,400,000   $ 352,100,000    
Supplement trust target 603,000,000        
Subsidiary - HG Global | Supplemental Trust          
Guarantor Obligations [Line Items]          
Assets held-in-trust $ 612,800,000   $ 598,000,000    
Subsidiary - HG Global | Maximum          
Guarantor Obligations [Line Items]          
Percentage of par value of policy reinsured 15.00%        
Variable Interest Entity, Primary Beneficiary - Build America Mutual Assurance Company | Fidus Re Ltd.          
Guarantor Obligations [Line Items]          
Reinsured amount $ 125,000,000