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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Premiums earned:    
Net realized investment gains (losses) $ (3) $ (1)
Net gains (losses) on financial instruments at fair value and foreign exchange 17 52
Total revenues 40 72
Expenses:    
Losses and loss adjustment 49 98
Interest 41 41
Total expenses 113 178
Income (loss) before income taxes (73) (106)
Provision (benefit) for income taxes 0 0
Net income (loss) $ (73) $ (106)
Net income (loss) per common share:    
Basic $ (1.48) $ (2.16)
Diluted $ (1.48) $ (2.16)
Weighted average number of common shares outstanding:    
Basic [1] 49,631,448 49,258,110
Diluted [1] 49,631,448 49,258,110
Non Variable Interest Entity [Member]    
Premiums earned:    
Scheduled premiums earned $ 11 $ 15
Refunding premiums earned 4 5
Premiums earned (net of ceded premiums of $- and $1) 15 20
Net investment income 18 15
Net realized investment gains (losses) (3) (1)
Net gains (losses) on financial instruments at fair value and foreign exchange 17 52
Other net realized gains (losses) (3) 0
Expenses:    
Losses and loss adjustment 49 98
Amortization of deferred acquisition costs 2 2
Operating 19 26
Interest 41 41
Variable Interest Entity Primary Beneficiary [Member]    
Premiums earned:    
Net gains (losses) on financial instruments at fair value and foreign exchange (4) (14)
Expenses:    
Operating 2 2
Interest $ 0 $ 9
[1] Includes 0.9 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the three months ended March 31, 2022 and 2021, respectively.