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Income Taxes - Components of Net Deferred Tax Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Deferred tax assets:    
Unrealized losses on credit derivative financial instruments, net $ 20 $ 66
Unearned premium reserves, net 124 229
Loss and LAE reserve 0 216
Tax and loss bonds 0 50
Alternative minimum tax credit 59 17
Foreign tax credit 43 20
DAC 0 29
Investment basis difference 63 76
Deferred compensation 21 40
Net operating loss 38 64
FG VIE 13 14
Other 14 29
Total deferred income tax assets 395 850
Deferred tax liabilities:    
Contingency reserves 0 82
Public debt 53 91
Unrealized appreciation on investments 91 84
Unrealized gains on CCS 13 22
Market discount 28 22
Loss and LAE reserve 27 0
DAC 12 0
Foreign BU 16 3
Other 14 30
Total deferred income tax liabilities 254 334
Less: Valuation allowance 43 19
Net deferred income tax asset $ 98 $ 497