XML 99 R83.htm IDEA: XBRL DOCUMENT v3.21.1
Variable Interest Entities - Additional Information (Details)
€ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2021
USD ($)
policy
Entity
Dec. 23, 2020
USD ($)
Mar. 31, 2021
USD ($)
fund
policy
Entity
Mar. 31, 2021
USD ($)
policy
Entity
Mar. 31, 2020
USD ($)
Entity
Dec. 31, 2020
USD ($)
Entity
policy
Dec. 31, 2020
EUR (€)
Variable Interest Entity [Line Items]              
Net change in fair value of credit derivatives     $ (19,000,000)   $ (77,000,000)    
Proceeds from issuance of warehouse financing debt     217,000,000   $ 0    
Other consolidated VIE assets $ 95,000,000   95,000,000 $ 95,000,000   $ 96,000,000  
Other consolidated VIE liabilities $ 9,000,000   $ 9,000,000 $ 9,000,000   $ 3,000,000  
Number of policies monitored | policy 17,000   17,000 17,000      
Number of policies monitored, not within the scope of ASC 810 | policy 15,000   15,000 15,000      
Number of policies that contain provisions for consolidation | policy 80   80 80   79  
Assets $ 16,018,000,000   $ 16,018,000,000 $ 16,018,000,000   $ 15,334,000,000  
Liabilities 9,525,000,000   9,525,000,000 9,525,000,000   8,629,000,000  
Variable Interest Entity, Primary Beneficiary | Line of Credit | CLO XXXI              
Variable Interest Entity [Line Items]              
Commitment percentage   75.00%          
Variable Interest Entity, Not Primary Beneficiary              
Variable Interest Entity [Line Items]              
Assets 178,000,000   178,000,000 178,000,000   204,000,000  
Liabilities 51,000,000   51,000,000 51,000,000   $ 9,000,000  
Net fair value gains and losses on FG VIEs are expected to reverse to zero at maturity of the VIE debt 71,000,000   71,000,000 71,000,000      
Financial Guaranty Variable Interest Entities              
Variable Interest Entity [Line Items]              
Maximum loss exposure $ 0   $ 0 $ 0      
Financial Guaranty Variable Interest Entities | Variable Interest Entity, Primary Beneficiary              
Variable Interest Entity [Line Items]              
Total number of entities consolidated | Entity 25   25 25   25  
FG VIE matured in the period, number | Entity         1    
Assets $ 281,000,000   $ 281,000,000 $ 281,000,000   $ 296,000,000  
Liabilities 318,000,000   318,000,000 318,000,000   333,000,000  
Financial Guaranty Variable Interest Entities | Variable Interest Entity, Primary Beneficiary | Residential Mortgage Backed Securities and Other Insurance Products              
Variable Interest Entity [Line Items]              
Change in the instrument specific credit risk of the VIEs' assets     $ 3,000,000   $ 3,000,000    
Consolidated Investment Vehicles | AssuredIM Fund              
Variable Interest Entity [Line Items]              
Number of consolidated investment managed funds | fund     6        
Number Of Financial Assets Deconsolidated | fund     1        
Consolidated Investment Vehicles | CLOs and CLO warehouse assets              
Variable Interest Entity [Line Items]              
Number of consolidated investment managed collateralized loan obligations | fund     5        
Number Of Financial Assets Consolidated | fund     1        
Consolidated Investment Vehicles | CLO Warehouse              
Variable Interest Entity [Line Items]              
Number of consolidated investment managed collateralized loan obligations | fund     1        
Number Of Financial Assets Consolidated | fund     1        
Number Of Financial Assets Securitized | fund     1        
Consolidated Investment Vehicles | Foreign Exchange Forward              
Variable Interest Entity [Line Items]              
Collateral posting requirement 54,000,000   $ 54,000,000 54,000,000   11,000,000  
Consolidated Investment Vehicles | Interest Rate Swap              
Variable Interest Entity [Line Items]              
Collateral posting requirement 13,000,000   13,000,000 13,000,000   8,000,000  
Consolidated Investment Vehicles | Forward Contracts And Interest Rate Swaps              
Variable Interest Entity [Line Items]              
Net change in fair value of credit derivatives     2,000,000        
Consolidated Investment Vehicles | Maximum | Future Equity Investments              
Variable Interest Entity [Line Items]              
Committed capital     7,000,000     6,000,000  
Consolidated Investment Vehicles | Average | Foreign Exchange Forward              
Variable Interest Entity [Line Items]              
Collateral posting requirement 33,000,000   33,000,000 33,000,000   6,000,000  
Consolidated Investment Vehicles | Average | Interest Rate Swap              
Variable Interest Entity [Line Items]              
Collateral posting requirement 10,000,000   $ 10,000,000 10,000,000   4,000,000  
Consolidated Investment Vehicles | Variable Interest Entity, Primary Beneficiary | Line of Credit | CLO XXXI              
Variable Interest Entity [Line Items]              
Maximum borrowing capacity   $ 360,000,000          
Commitment amount $ 90,000,000            
Proceeds from issuance of warehouse financing debt       $ 68,000,000      
Consolidated Investment Vehicles | Variable Interest Entity, Primary Beneficiary | Line of Credit | CLO XXXI | London Interbank Offered Rate (LIBOR)              
Variable Interest Entity [Line Items]              
Basis spread on variable rate   130.00%          
Consolidated Investment Vehicles | Variable Interest Entity, Primary Beneficiary | Line of Credit | EUR 2021-1              
Variable Interest Entity [Line Items]              
Proceeds from issuance of warehouse financing debt           25,000,000 € 20
Consolidated Investment Vehicles | Variable Interest Entity, Primary Beneficiary | Line of Credit | Assured IM              
Variable Interest Entity [Line Items]              
Proceeds from issuance of warehouse financing debt           $ 1,000,000 € 1