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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Premiums, fees and reimbursements received $ 17 $ 36
Investment income received 68 60
Financial guarantee losses and loss adjustment expenses paid (481) (315)
Proceeds from recoveries and reinsurance, net of salvage paid to reinsurers 647 91
Proceeds from loan repurchase commitments 0 600
Operating expenses paid and other operating (79) (65)
Interest paid, net of interest converted to principal (35) (48)
Cash provided by discontinued operations 3 0
Net cash provided (used) by operating activities 140 359
Cash flows from investing activities:    
Purchases of available-for-sale investments (836) (811)
Sales of available-for-sale investments 859 469
Paydowns and maturities of available-for-sale investments 325 482
Purchases of investments at fair value (121) (159)
Sales, paydowns, maturities and other proceeds of investments at fair value 189 136
Sales, paydowns and maturities (purchases) of short-term investments, net (371) (94)
Paydowns and maturities of loans receivable 7 75
Consolidation of variable interest entities 2 0
(Payments) proceeds for derivative settlements (9) (61)
Proceeds from receipt of discontinued operations 10 0
Net cash provided (used) by investing activities 55 37
Cash flows from financing activities:    
Proceeds from investment agreements 6 2
Principal paydowns of investment agreements (9) (1)
Principal paydowns of medium-term notes (74) (77)
Proceeds from variable interest entity notes 2 0
Principal paydowns of variable interest entity notes (122) (370)
Principal paydowns of long-term debt (29) (4)
Purchases of treasury stock (3) (1)
Net cash provided (used) by financing activities (229) (451)
Effect of exchange rate changes on cash and cash equivalents (2) 0
Net increase (decrease) in cash and cash equivalents (36) (55)
Cash and cash equivalents - beginning of period 160 167
Cash and cash equivalents - end of period 124 112
Reconciliation of net income (loss) to net cash provided (used) by operating activities:    
Income (loss) from continuing operations (144) (290)
Income (loss) from discontinued operations 1 0
Net income (loss) (143) (290)
Change in:    
Premiums receivable 10 24
Unearned premium revenue (35) (72)
Loss and loss adjustment expense reserves 145 (140)
Insurance loss recoverable 106 140
Loan repurchase commitments 0 604
Accrued interest payable 86 81
Other liabilities (49) 5
Net realized investment gains (losses) 37 (1)
Net (gains) losses on financial instruments at fair value and foreign exchange (35) (34)
Other net realized (gains) losses 13 14
Other operating 5 28
Total adjustments to net income (loss) 283 649
Net cash provided (used) by operating activities 140 359
Supplementary Disclosure of Consolidated Cash Flow Information    
Fixed-maturity securities held as available-for-sale, received as salvage 459 0
Investments carried at fair value, received as salvage $ 277 $ 0