v3.26.1
Contracts Accounted for as Financial Guaranty Insurance - BIG Transaction Loss Summary (Details)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2026
USD ($)
risk
Dec. 31, 2025
USD ($)
risk
Discount    
Total $ (19)  
BIG    
Number of risks    
Total (in contracts) | risk 192 195
Principal    
Total $ 8,610 $ 8,730
BIG | BIG 1    
Number of risks    
Total (in contracts) | risk 86 87
Principal    
Total $ 3,600 $ 3,710
BIG | BIG 2    
Number of risks    
Total (in contracts) | risk 14 13
Principal    
Total $ 3,830 $ 3,810
BIG | BIG 3    
Number of risks    
Total (in contracts) | risk 92 95
Principal    
Total $ 1,180 $ 1,210
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE)    
Number of risks    
Total (in contracts) | risk 192 195
Remaining weighted average contract period    
Gross (in years) 18 years 6 months 18 years 8 months 12 days
Total (in years) 18 years 7 months 6 days 18 years 8 months 12 days
Principal    
Gross $ 8,620 $ 8,750
Total 8,610 8,730
Interest    
Gross 7,480 7,680
Total 7,480 7,680
Total net outstanding exposure    
Gross 16,100 16,430
Total 16,090 16,410
Expected cash outflows (inflows)    
Gross 3,261 2,555
Total 3,253 2,547
Potential recoveries    
Gross (3,115) (2,432)
Total (3,105) (2,422)
Subtotal    
Gross 146 123
Total 148 125
Discount    
Gross (19) (38)
Total (19) (38)
Expected losses to be paid (recovered)    
Gross 127 85
Net expected loss to be paid 129 87
Deferred premium revenue    
Gross 420 429
Total 420 429
Reserves (salvage)    
Gross (126) (141)
Total $ (124) $ (140)
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 1    
Number of risks    
Total (in contracts) | risk 86 87
Remaining weighted average contract period    
Gross (in years) 14 years 14 years
Principal    
Gross $ 3,610 $ 3,730
Interest    
Gross 2,460 2,520
Total net outstanding exposure    
Gross 6,070 6,250
Expected cash outflows (inflows)    
Gross 915 172
Potential recoveries    
Gross (1,192) (445)
Subtotal    
Gross (277) (273)
Discount    
Gross 85 47
Expected losses to be paid (recovered)    
Gross (192) (226)
Deferred premium revenue    
Gross 161 164
Reserves (salvage)    
Gross $ (251) $ (255)
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 2    
Number of risks    
Total (in contracts) | risk 14 13
Remaining weighted average contract period    
Gross (in years) 23 years 9 months 18 days 24 years 1 month 6 days
Principal    
Gross $ 3,820 $ 3,810
Interest    
Gross 4,730 4,840
Total net outstanding exposure    
Gross 8,550 8,650
Expected cash outflows (inflows)    
Gross 1,127 1,141
Potential recoveries    
Gross (835) (877)
Subtotal    
Gross 292 264
Discount    
Gross (101) (77)
Expected losses to be paid (recovered)    
Gross 191 187
Deferred premium revenue    
Gross 160 162
Reserves (salvage)    
Gross $ 77 $ 71
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 3    
Number of risks    
Total (in contracts) | risk 92 95
Remaining weighted average contract period    
Gross (in years) 5 years 2 months 12 days 5 years 4 months 24 days
Principal    
Gross $ 1,190 $ 1,210
Interest    
Gross 290 320
Total net outstanding exposure    
Gross 1,480 1,530
Expected cash outflows (inflows)    
Gross 1,219 1,242
Potential recoveries    
Gross (1,088) (1,110)
Subtotal    
Gross 131 132
Discount    
Gross (3) (8)
Expected losses to be paid (recovered)    
Gross 128 124
Deferred premium revenue    
Gross 99 103
Reserves (salvage)    
Gross $ 48 $ 43