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Business Segments (Tables)
 3 Months Ended
Mar. 31, 2021
Text Block [Abstract]  
Summary of company's segment results The following tables provide the Company’s segment results for the three months ended March 31, 2021 and 2020:
                                                                                      
    
Three Months Ended March 31, 2021
    
U.S.
       
International
        
    
Public
       
and Structured
        
    
Finance
       
Finance
        
In millions
   
Insurance
  
Corporate
   
Insurance
  
Eliminations
  
Consolidated
Revenues
(1)
   
$
23
 
  
$
5
 
   
$
7
 
  
$
-
 
  
$
35
 
Net gains (losses) on financial instruments at fair value and foreign exchange
   
 
(3
) 
  
 
55
 
   
 
(1
) 
  
 
-
 
  
 
51
 
Revenues of consolidated VIEs
   
 
-
 
  
 
-
 
   
 
(14
) 
  
 
-
 
  
 
(14
) 
Inter-segment revenues
(2)
   
 
8
 
  
 
18
 
   
 
4
 
  
 
(30
) 
  
 
-
 
    
 
 
 
  
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
Total revenues
   
 
28
 
  
 
78
 
   
 
(4
) 
  
 
(30
) 
  
 
72
 
Losses and loss adjustment
   
 
109
 
  
 
-
 
   
 
(11
) 
  
 
-
 
  
 
98
 
Operating
   
 
4
 
  
 
21
 
   
 
3
 
  
 
-
 
  
 
28
 
Interest
   
 
-
 
  
 
14
 
   
 
27
 
  
 
-
 
  
 
41
 
Expenses of consolidated VIEs
   
 
-
 
  
 
-
 
   
 
11
 
  
 
-
 
  
 
11
 
Inter-segment expenses
(2)
   
 
14
 
  
 
6
 
   
 
10
 
  
 
(30
) 
  
 
-
 
    
 
 
 
  
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
Total expenses
   
 
127
 
  
 
41
 
   
 
40
 
  
 
(30
) 
  
 
178
 
    
 
 
 
  
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
Income (loss) before income taxes
   
$
(99
) 
  
$
37
 
   
$
(44
) 
  
$
-
 
  
$
(106
) 
    
 
 
 
  
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
Identifiable assets
   
$
3,562
 
  
$
899
 
   
$
3,477
 
  
$
(2,563
)
(3)
 
  
$
5,375
 
    
 
 
 
  
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
(1) - 
Represents
 the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - 
Represents
 intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - 
Consists
 principally of intercompany reinsurance balances.
                                                                                      
    
Three Months Ended March 31, 2020
    
U.S.
      
International
        
    
Public
      
and Structured
        
    
Finance
      
Finance
        
In millions
   
Insurance
  
Corporate
  
Insurance
  
Eliminations
  
Consolidated
Revenues
(1)
   
$
30
 
  
$
6
 
  
$
7
 
  
$
-
 
  
$
43
 
Net gains (losses) on financial instruments at fair value and foreign exchange
   
 
(18
) 
  
 
(56
) 
  
 
11
 
  
 
-
 
  
 
(63
) 
Revenues of consolidated VIEs
   
 
-
 
  
 
-
 
  
 
14
 
  
 
-
 
  
 
14
 
Inter-segment revenues
(2)
   
 
7
 
  
 
18
 
  
 
4
 
  
 
(29
) 
  
 
-
 
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total revenues
   
 
19
 
  
 
(32
) 
  
 
36
 
  
 
(29
) 
  
 
(6
) 
Losses and loss adjustment
   
 
48
 
  
 
-
 
  
 
195
 
  
 
-
 
  
 
243
 
Operating
   
 
2
 
  
 
14
 
  
 
4
 
  
 
-
 
  
 
20
 
Interest
   
 
-
 
  
 
16
 
  
 
31
 
  
 
-
 
  
 
47
 
Expenses of consolidated VIEs
   
 
-
 
  
 
-
 
  
 
17
 
  
 
-
 
  
 
17
 
Inter-segment expenses
(2)
   
 
14
 
  
 
6
 
  
 
9
 
  
 
(29
) 
  
 
-
 
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total expenses
   
 
64
 
  
 
36
 
  
 
256
 
  
 
(29
) 
  
 
327
 
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Income (loss) before income taxes
   
$
(45
) 
  
$
(68
) 
  
$
(220
) 
  
$
-
 
  
$
(333
) 
    
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
(1) -
 Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) -
 Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.