v3.26.1
Fair Value Measurement - Fair Value Level 3 Rollforward Recurring Basis (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
FG VIEs’ Assets    
Fair Value Level 3 Rollforward    
Fair value at beginning of period $ 150 $ 147
Assured Life Re Acquisition 0  
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) 0 3
Other comprehensive income (loss) 0 0
Purchases 0 0
Sales   0
Settlements (4) (5)
Deconsolidations 0  
Transfers into Level 3 0  
Fair value at end of period 146 145
Change in unrealized gains/(losses) related to financial instruments held 0 2
Consolidated Investment Vehicles    
Fair Value Level 3 Rollforward    
Fair value at beginning of period 167 99
Assured Life Re Acquisition 0  
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) 4 19
Other comprehensive income (loss) 0 0
Purchases 0 0
Sales   0
Settlements (165) 0
Deconsolidations (6)  
Transfers into Level 3 0  
Fair value at end of period 0 118
Change in unrealized gains/(losses) related to financial instruments held 0 19
Other    
Fair Value Level 3 Rollforward    
Fair value at beginning of period 24 5
Assured Life Re Acquisition 0  
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) 6 2
Other comprehensive income (loss) 0 (1)
Purchases 0 0
Sales   0
Settlements 0 0
Deconsolidations 0  
Transfers into Level 3 0  
Fair value at end of period 30 6
Change in unrealized gains/(losses) related to financial instruments held 6 2
Other | Other Comprehensive Income (Loss)    
Total pre-tax realized and unrealized gains (losses) recorded in:    
Change in unrealized gains/(losses) related to financial instruments held 0 (1)
Financial Guaranty Variable Interest Entities    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at start of period (156) (164)
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) 1 (2)
Other comprehensive income (loss) 0 (1)
Settlements 3 4
Fair value at end of period (152) (163)
Change in unrealized gains/(losses) included in earnings related to financial instruments 1 (2)
Change in unrealized gains/(losses) included in OCI related to financial instruments 0 (1)
Obligations of state and political subdivisions | Fixed-maturity securities, available-for-sale:    
Fair Value Level 3 Rollforward    
Fair value at beginning of period 10 10
Assured Life Re Acquisition 0  
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) 0 0
Other comprehensive income (loss) 0 0
Purchases 0 0
Sales   0
Settlements 0 0
Deconsolidations 0  
Transfers into Level 3 0  
Fair value at end of period 10 10
Obligations of state and political subdivisions | Fixed-maturity securities, available-for-sale: | Other Comprehensive Income (Loss)    
Total pre-tax realized and unrealized gains (losses) recorded in:    
Change in unrealized gains/(losses) related to financial instruments held 0 6
Corporate securities | Fixed-maturity securities, available-for-sale:    
Fair Value Level 3 Rollforward    
Fair value at beginning of period 168 0
Assured Life Re Acquisition 0  
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) 1 0
Other comprehensive income (loss) (7) 0
Purchases 0 5
Sales   0
Settlements 0 0
Deconsolidations 0  
Transfers into Level 3 0  
Fair value at end of period 162 5
Corporate securities | Fixed-maturity securities, available-for-sale: | Other Comprehensive Income (Loss)    
Total pre-tax realized and unrealized gains (losses) recorded in:    
Change in unrealized gains/(losses) related to financial instruments held (7) 0
RMBS | Fixed-maturity securities, available-for-sale:    
Fair Value Level 3 Rollforward    
Fair value at beginning of period 144 145
Assured Life Re Acquisition 0  
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) 2 3
Other comprehensive income (loss) (1) 2
Purchases 0 0
Sales   0
Settlements (5) (6)
Deconsolidations 0  
Transfers into Level 3 0  
Fair value at end of period 140 144
RMBS | Fixed-maturity securities, available-for-sale: | Other Comprehensive Income (Loss)    
Total pre-tax realized and unrealized gains (losses) recorded in:    
Change in unrealized gains/(losses) related to financial instruments held (1) (53)
Asset-backed securities | Fixed-maturity securities, available-for-sale:    
Fair Value Level 3 Rollforward    
Fair value at beginning of period 511 1,031
Assured Life Re Acquisition 0  
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) (4) 7
Other comprehensive income (loss) (46) 1
Purchases 14 0
Sales   (9)
Settlements (46) (47)
Deconsolidations 0  
Transfers into Level 3 0  
Fair value at end of period 429 983
Asset-backed securities | Fixed-maturity securities, available-for-sale: | Other Comprehensive Income (Loss)    
Total pre-tax realized and unrealized gains (losses) recorded in:    
Change in unrealized gains/(losses) related to financial instruments held (46) (1)
Fixed-Maturity Securities, Trading | Fixed-maturity securities, available-for-sale:    
Fair Value Level 3 Rollforward    
Fair value at beginning of period 4 5
Assured Life Re Acquisition 0  
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) 0 0
Other comprehensive income (loss) 0 0
Purchases 0 0
Sales   0
Settlements (1) 0
Deconsolidations 0  
Transfers into Level 3 5  
Fair value at end of period 8 5
Change in unrealized gains/(losses) related to financial instruments held 0 (1)
Funds Withheld    
Fair Value Level 3 Rollforward    
Fair value at beginning of period 0  
Assured Life Re Acquisition 293  
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) 3  
Other comprehensive income (loss) 0  
Purchases 0  
Settlements 0  
Deconsolidations 0  
Transfers into Level 3 0  
Fair value at end of period 296  
Change in unrealized gains/(losses) related to financial instruments held 3  
Credit Risk Contract    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]    
Fair value at start of period (15) (29)
Total pre-tax realized and unrealized gains (losses) recorded in:    
Net income (loss) 1 104
Other comprehensive income (loss) 0 0
Settlements (2) (105)
Fair value at end of period (16) (30)
Change in unrealized gains/(losses) included in earnings related to financial instruments $ (1) $ (1)