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Business Segments (Tables)
 3 Months Ended
Mar. 31, 2023
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, 2023 and 2022:
 
          
          
          
          
          
 
  
Three Months Ended March 31, 2023
 
  
U.S.
Public
  
 
 
International
 
 
 
 
 
  
 
 
and
Structured
 
 
 
 
 
  
Finance
  
 
 
Finance
 
 
 
 
In millions
  
Insurance
  
Corporate
 
Insurance
 
Eliminations
 
Consolidated
Revenues
(1)
   
$
22
 
   
$
5
 
  
$
6
 
  
$
-
 
  
$
33
 
Net gains (losses) on financial instruments at fair value and foreign exchange
   
 
2
 
   
 
(12
) 
  
 
(3
) 
  
 
-
 
  
 
(13
) 
Revenues of consolidated VIEs
   
 
-
 
   
 
-
 
  
 
(18
) 
  
 
-
 
  
 
(18
) 
Inter-segment revenues
(2)
   
 
7
 
   
 
14
 
  
 
2
 
  
 
(23
) 
  
 
-
 
    
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total revenues
   
 
31
 
   
 
7
 
  
 
(13
) 
  
 
(23
) 
  
 
2
 
Losses and loss adjustment
   
 
-
 
   
 
-
 
  
 
6
 
  
 
-
 
  
 
6
 
Amortization of deferred acquisition costs and operating
   
 
2
 
   
 
18
 
  
 
3
 
  
 
1
 
  
 
24
 
Interest
   
 
-
 
   
 
14
 
  
 
37
 
  
 
-
 
  
 
51
 
Expenses of consolidated VIEs
   
 
-
 
   
 
-
 
  
 
4
 
  
 
-
 
  
 
4
 
Inter-segment expenses
(2)
   
 
12
 
   
 
6
 
  
 
6
 
  
 
(24
) 
  
 
-
 
    
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total expenses
   
 
14
 
   
 
38
 
  
 
56
 
  
 
(23
) 
  
 
85
 
    
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Income (loss) from continuing operations before income taxes
   
$
17
 
   
$
(31
) 
  
$
(69
) 
  
$
-
 
  
$
(83
) 
    
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Identifiable assets per segment
   
$
2,472
 
   
$
638
 
  
$
1,055
 
  
$
(931
) 
  
$
3,234
 
Assets held for sale
   
 
-
 
   
 
-
 
  
 
-
 
  
 
-
 
  
 
83
 
    
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total identifiable assets
   
$
2,472
 
   
$
638
 
  
$
1,055
 
  
$
(931
)
(3)
 
  
$
3,317
 
    
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
(1) - 
Consists of net premiums earned, net investment income and net realized investment gains (losses).
(2) - 
Primarily represents intercompany service charges and intercompany net investment income and expenses.
(3) - 
Consists principally of intercompany reinsurance balances.

          
          
          
          
          
 
  
Three Months Ended March 31, 2022
 
  
U.S.
Public
 
 
  
International
 
 
 
 
 
 
 
  
and
Structured
 
 
 
 
 
  
Finance
 
 
  
Finance
 
 
 
 
In millions
  
Insurance
 
Corporate
  
Insurance
 
Eliminations
 
Consolidated
Revenues
(1)
   
$
20
 
  
$
2
 
   
$
5
 
  
$
-
 
  
$
27
 
Net gains (losses) on financial instruments at fair value and foreign exchange
   
 
(16
) 
  
 
39
 
   
 
(6
) 
  
 
-
 
  
 
17
 
Revenues of consolidated VIEs
   
 
-
 
  
 
-
 
   
 
(4
) 
  
 
-
 
  
 
(4
) 
Inter-segment revenues
(2)
   
 
8
 
  
 
17
 
   
 
3
 
  
 
(28
) 
  
 
-
 
    
 
 
 
  
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
Total revenues
   
 
12
 
  
 
58
 
   
 
(2
) 
  
 
(28
) 
  
 
40
 
Losses and loss adjustment
   
 
87
 
  
 
-
 
   
 
(38
) 
  
 
-
 
  
 
49
 
Amortization of deferred acquisition costs and operating
   
 
3
 
  
 
15
 
   
 
3
 
  
 
-
 
  
 
21
 
Interest
   
 
-
 
  
 
14
 
   
 
27
 
  
 
-
 
  
 
41
 
Expenses of consolidated VIEs
   
 
-
 
  
 
-
 
   
 
2
 
  
 
-
 
  
 
2
 
Inter-segment expenses
(2)
   
 
13
 
  
 
6
 
   
 
9
 
  
 
(28
) 
  
 
-
 
    
 
 
 
  
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
Total expenses
   
 
103
 
  
 
35
 
   
 
3
 
  
 
(28
) 
  
 
113
 
    
 
 
 
  
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
Income (loss) from continuing operations before income taxes
   
$
(91
) 
  
$
23
 
   
$
(5
) 
  
$
-
 
  
$
(73
) 
    
 
 
 
  
 
 
 
   
 
 
 
  
 
 
 
  
 
 
 
 
(1) -
  Consists of net premiums earned, net investment income, net realized investment gains (losses), fees and reimbursements and other net realized gains (losses).
(2) -
  Primarily represents intercompany service charges and intercompany net investment income and expenses.
(3) -
  Consists principally of intercompany reinsurance balances.