v3.26.1
Contracts Accounted for as Financial Guaranty Insurance - BIG Transaction Loss Summary (Details)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2026
USD ($)
risk
Dec. 31, 2025
USD ($)
risk
Discount    
Total $ 39  
BIG    
Number of risks    
Total (in contracts) | risk 191 195
Principal    
Total $ 8,470 $ 8,730
BIG | BIG 1    
Number of risks    
Total (in contracts) | risk 83 87
Principal    
Total $ 2,360 $ 3,710
BIG | BIG 2    
Number of risks    
Total (in contracts) | risk 15 13
Principal    
Total $ 4,940 $ 3,810
BIG | BIG 3    
Number of risks    
Total (in contracts) | risk 93 95
Principal    
Total $ 1,170 $ 1,210
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE)    
Number of risks    
Total (in contracts) | risk 191 195
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 $ 8,480 $ 8,750
Total 8,470 8,730
Interest    
Gross 7,490 7,680
Total 7,490 7,680
Total net outstanding exposure    
Gross 15,970 16,430
Total 15,960 16,410
Expected cash outflows (inflows)    
Gross 3,591 2,555
Total 3,583 2,547
Potential recoveries    
Gross (3,453) (2,432)
Total (3,443) (2,422)
Subtotal    
Gross 138 123
Total 140 125
Discount    
Gross 39 (38)
Total 39 (38)
Expected losses to be paid (recovered)    
Gross 177 85
Net expected loss to be paid 179 87
Deferred premium revenue    
Gross 406 429
Total 406 429
Reserves (salvage)    
Gross (122) (141)
Total $ (120) $ (140)
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 1    
Number of risks    
Total (in contracts) | risk 83 87
Remaining weighted average contract period    
Gross (in years) 10 years 8 months 12 days 14 years
Principal    
Gross $ 2,370 $ 3,730
Interest    
Gross 1,110 2,520
Total net outstanding exposure    
Gross 3,480 6,250
Expected cash outflows (inflows)    
Gross 114 172
Potential recoveries    
Gross (381) (445)
Subtotal    
Gross (267) (273)
Discount    
Gross 48 47
Expected losses to be paid (recovered)    
Gross (219) (226)
Deferred premium revenue    
Gross 59 164
Reserves (salvage)    
Gross $ (242) $ (255)
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 2    
Number of risks    
Total (in contracts) | risk 15 13
Remaining weighted average contract period    
Gross (in years) 23 years 3 months 18 days 24 years 1 month 6 days
Principal    
Gross $ 4,930 $ 3,810
Interest    
Gross 6,100 4,840
Total net outstanding exposure    
Gross 11,030 8,650
Expected cash outflows (inflows)    
Gross 2,261 1,141
Potential recoveries    
Gross (1,988) (877)
Subtotal    
Gross 273 264
Discount    
Gross (1) (77)
Expected losses to be paid (recovered)    
Gross 272 187
Deferred premium revenue    
Gross 251 162
Reserves (salvage)    
Gross $ 73 $ 71
BIG | Consolidated Entity Excluding Variable Interest Entities (VIE) | BIG 3    
Number of risks    
Total (in contracts) | risk 93 95
Remaining weighted average contract period    
Gross (in years) 5 years 5 years 4 months 24 days
Principal    
Gross $ 1,180 $ 1,210
Interest    
Gross 280 320
Total net outstanding exposure    
Gross 1,460 1,530
Expected cash outflows (inflows)    
Gross 1,216 1,242
Potential recoveries    
Gross (1,084) (1,110)
Subtotal    
Gross 132 132
Discount    
Gross (8) (8)
Expected losses to be paid (recovered)    
Gross 124 124
Deferred premium revenue    
Gross 96 103
Reserves (salvage)    
Gross $ 47 $ 43