v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Statement of Cash Flows [Abstract]          
Net cash flows provided by (used in) operating activities     $ 165 $ (16)  
Fixed-maturity securities, available-for-sale:          
Purchases     (754) (607)  
Sales $ 211 $ 129 427 488  
Maturities and paydowns     424 402  
Short-term investments with original maturities of over three months:          
Purchases     (3) (1)  
Maturities and paydowns     0 3  
Net sales (purchases) of short-term investments with original maturities of less than three months     291 (58)  
Sales of fixed-maturity securities, trading     8 141  
Maturities and paydowns of fixed-maturity securities, trading     5 0  
Paydowns of financial guaranty variable interest entities’ assets     10 12  
Purchases of and contributions to other invested assets     (73) (71)  
Sales of and return of capital from other invested assets     23 33  
Other     (7) (2)  
Net cash flows provided by (used in) investing activities     351 340  
Cash flows from financing activities:          
Dividends paid     (36) (36)  
Repurchases of common shares     (251) (281)  
Net paydowns of financial guaranty variable interest entities’ liabilities     (8) (152)  
Payments related to tax withholding for share-based compensation     (34) (29)  
Other     2 1  
Distributions to noncontrolling interests from consolidated investment vehicles     0 (3)  
Net cash flows provided by (used in) financing activities     (327) (500)  
Effect of foreign exchange rate changes     8 (1)  
Increase (decrease) in cash and cash equivalents and restricted cash     197 (177)  
Cash and cash equivalents and restricted cash at beginning of period     128 286 $ 286
Cash and cash equivalents and restricted cash at end of period 325 109 325 109 128
Supplemental cash flow information          
Income taxes paid (received)     34 58  
Interest paid on long-term debt     43 45  
Supplemental disclosure of non-cash activities:          
Receipt of fixed-maturity securities, available-for-sale     7 0  
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets:          
Cash 301 92 301 92 121
Cash and cash equivalents of financial guaranty variable interest entities (see Note 8) 23   23   0
Cash and cash equivalents of consolidated investment vehicles 0 15 0 15  
Restricted cash (included in other assets) 1 2 1 2  
Cash and cash equivalents and restricted cash at end of period $ 325 $ 109 $ 325 $ 109 $ 128