XML 99 R86.htm IDEA: XBRL DOCUMENT v3.21.2
Variable Interest Entities - Additional Information (Details)
€ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
USD ($)
policy
Entity
Sep. 30, 2021
USD ($)
policy
Entity
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
fund
Entity
policy
Sep. 30, 2020
USD ($)
Entity
Dec. 31, 2020
USD ($)
Entity
policy
Dec. 31, 2020
EUR (€)
Variable Interest Entity [Line Items]              
Fair value gains (losses) on credit derivatives   $ 21,000,000 $ (3,000,000) $ (31,000,000) $ 20,000,000    
Proceeds from issuance of warehouse financing debt       1,008,000,000 $ 47,000,000    
Other consolidated VIE assets $ 96,000,000 96,000,000   96,000,000   $ 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 $ 17,614,000,000 $ 17,614,000,000   $ 17,614,000,000   $ 15,334,000,000  
Liabilities 11,218,000,000 11,218,000,000   11,218,000,000   8,629,000,000  
Variable Interest Entity, Not Primary Beneficiary              
Variable Interest Entity [Line Items]              
Assets 214,000,000 214,000,000   214,000,000   204,000,000  
Liabilities 60,000,000 60,000,000   60,000,000   $ 9,000,000  
Net fair value gains and losses on FG VIEs are expected to reverse to zero at maturity of the VIE debt 102,000,000 102,000,000   102,000,000      
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 24 24   24   25  
FG VIEs deconsolidated in the period | Entity       1      
FG VIE matured in the period, number | Entity         2    
FG VIEs consolidated in the period | Entity         2    
Loss on consolidation         $ 1,000,000    
Assets $ 271,000,000 $ 271,000,000   $ 271,000,000   $ 296,000,000  
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   5,000,000 $ 14,000,000 $ 9,000,000 $ (2,000,000)    
Consolidated Investment Vehicles              
Variable Interest Entity [Line Items]              
Number of financial assets consolidated | fund       6      
Number of financial assets deconsolidated | fund       1      
Consolidated Investment Vehicles | Foreign Exchange Forward              
Variable Interest Entity [Line Items]              
Collateral posting requirement 26,000,000 26,000,000   $ 26,000,000   11,000,000  
Consolidated Investment Vehicles | Interest Rate Swap              
Variable Interest Entity [Line Items]              
Collateral posting requirement 23,000,000 23,000,000   23,000,000   8,000,000  
Consolidated Investment Vehicles | Forward Contracts And Interest Rate Swaps              
Variable Interest Entity [Line Items]              
Fair value gains (losses) on credit derivatives       1,000,000      
Consolidated Investment Vehicles | Maximum | Future Equity Investments              
Variable Interest Entity [Line Items]              
Committed capital       17,000,000   6,000,000  
Consolidated Investment Vehicles | Average | Foreign Exchange Forward              
Variable Interest Entity [Line Items]              
Collateral posting requirement 19,000,000 19,000,000   19,000,000   6,000,000  
Consolidated Investment Vehicles | Average | Interest Rate Swap              
Variable Interest Entity [Line Items]              
Collateral posting requirement 15,000,000 15,000,000   $ 15,000,000   4,000,000  
Consolidated Investment Vehicles | CLO Warehouse              
Variable Interest Entity [Line Items]              
Number of financial assets securitized | fund       3      
Number of consolidated investment managed collateralized loan obligations | fund       2      
Consolidated Investment Vehicles | AssuredIM Fund              
Variable Interest Entity [Line Items]              
Number of consolidated investment managed funds | fund       7      
Consolidated Investment Vehicles | CLOs              
Variable Interest Entity [Line Items]              
Number of consolidated investment managed collateralized loan obligations | fund       7      
Consolidated Investment Vehicles | Variable Interest Entity, Primary Beneficiary | Line of Credit              
Variable Interest Entity [Line Items]              
Maximum borrowing capacity 777,000,000 777,000,000   $ 777,000,000      
Remaining borrowing capacity 279,000,000 $ 279,000,000   $ 279,000,000      
Proceeds from issuance of warehouse financing debt $ 216,000,000            
Consolidated Investment Vehicles | Variable Interest Entity, Primary Beneficiary | Line of Credit | London Interbank Offered Rate (LIBOR)              
Variable Interest Entity [Line Items]              
Basis spread on variable rate 120.00%            
Consolidated Investment Vehicles | Variable Interest Entity, Primary Beneficiary | Line of Credit | Euribor              
Variable Interest Entity [Line Items]              
Basis spread on variable rate 85.00%            
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