v3.26.3
Segment Information - Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Revenues $ 214 $ 207 $ 670 $ 833
Segment loss and LAE (benefit) 2 (30) 23 38
Interest accrual 10 0 25 0
Employee compensation and benefit expenses 51 50 171 160
Segment amortization of DAC 3 6 13 16
Segment expenses 127 92 489 412
Segment equity in earnings (losses) of investees 12 20 32 76
Less: Provision (benefit) for income taxes 19 21 8 92
Net investment income 103 94 293 270
Intersegment Eliminations        
Segment Reporting [Line Items]        
Revenues 0 13 (26) 29
Segment expenses (1) (1) (6) (5)
Segment equity in earnings (losses) of investees 0 (5) (2) (12)
Less: Provision (benefit) for income taxes 0 0 (5) 0
Operating Segments        
Segment Reporting [Line Items]        
Revenues 223 214 747 673
Segment expenses 93 55 379 237
Segment equity in earnings (losses) of investees 11 16 10 60
Less: Provision (benefit) for income taxes 23 27 31 88
Financial Guaranty | Operating Segments Excluding Intersegment Elimination        
Segment Reporting [Line Items]        
Revenues 205 204 582 637
Financial Guaranty | Intersegment Eliminations        
Segment Reporting [Line Items]        
Revenues 2 2 6 7
Financial Guaranty | Operating Segments        
Segment Reporting [Line Items]        
Revenues 207 206 588 644
Segment loss and LAE (benefit) 1 (31) 23 (27)
Interest accrual 0 0 0 0
Employee compensation and benefit expenses 43 44 144 140
Segment amortization of DAC 3 6 13 16
Other segment items 31 32 92 91
Segment expenses 78 51 272 220
Segment equity in earnings (losses) of investees 9 16 7 48
Less: Provision (benefit) for income taxes 23 26 21 83
Segment adjusted operating income (loss) 115 145 302 389
Net investment income 93 94 270 269
Non-cash compensation and operating expenses 11 15 47 47
Annuity Reinsurance Segment | Operating Segments Excluding Intersegment Elimination        
Segment Reporting [Line Items]        
Revenues 16   41  
Annuity Reinsurance Segment | Intersegment Eliminations        
Segment Reporting [Line Items]        
Revenues 0   0  
Annuity Reinsurance Segment | Operating Segments        
Segment Reporting [Line Items]        
Revenues 16   41  
Segment loss and LAE (benefit) 0   0  
Interest accrual 10   25  
Employee compensation and benefit expenses 3   8  
Segment amortization of DAC 0   0  
Other segment items 2   6  
Segment expenses 15   39  
Segment equity in earnings (losses) of investees 0   0  
Less: Provision (benefit) for income taxes 0   (1)  
Segment adjusted operating income (loss) 1   3  
Net investment income 10   26  
Non-cash compensation and operating expenses 0   1  
Asset Management | Operating Segments Excluding Intersegment Elimination        
Segment Reporting [Line Items]        
Revenues 0 6 94 24
Asset Management | Intersegment Eliminations        
Segment Reporting [Line Items]        
Revenues 0 2 24 5
Asset Management | Operating Segments        
Segment Reporting [Line Items]        
Revenues 0 8 118 29
Segment loss and LAE (benefit) 0 0 0 0
Interest accrual 0 0 0 0
Employee compensation and benefit expenses 0 0 0 0
Segment amortization of DAC 0 0 0 0
Other segment items 0 4 68 17
Segment expenses 0 4 68 17
Segment equity in earnings (losses) of investees 2 0 3 12
Less: Provision (benefit) for income taxes 0 1 11 5
Segment adjusted operating income (loss) 2 3 42 19
Net investment income 0 0 0 0
Non-cash compensation and operating expenses $ 0 $ 0 $ 0 $ 0