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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net investment income:    
Interest Income, Debt Securities, Available-for-Sale, Operating $ 27 $ 21 Close
Net investment income 42 34
Realized Investment Gains (Losses) 1 (4)
Change in fair value of credit derivatives:    
Derivative, Gain (Loss) on Derivative, Net 2 (4)
Insurance Commissions and Fees 18 14
Other Operating Income (Expense), Net 3 3
Income (loss) on variable interest entities 3 (1)
Total revenues and other income 103 58 Close
Policyholder Benefits and Claims Incurred, Net (1) 18
Expenses:    
Intangible amortization 12 7
General and Administrative Expense 36 36
Interest expense 16 16 Close
Total expenses 77 86 Close
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 26 (29) CloseClose
Provision for income taxes 5 4 CloseClose
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest (1) (1) Close
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 21 (33)
Net income (loss) attributable to common stockholders 20 (33)
Other comprehensive income (loss), after tax    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 21 (33)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax (7) 17
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (8) 16
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax 0 0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax 0 3
Total other comprehensive income (loss), net of income tax (15) 36
Total comprehensive income, net of income tax 5 3
Less: comprehensive (gain) loss attributable to the noncontrolling interest    
Total comprehensive income attributable to common stockholders 5 3
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ (1) $ (1)
Earnings Per Share, Basic $ 0.44 $ (0.73)
Earnings Per Share, Diluted $ 0.43 $ (0.73)
Weighted Average Number of Shares Outstanding, Basic 45,827,076 45,564,276
Weighted Average Number of Shares Outstanding, Diluted 46,348,776 45,564,276
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, Tax $ 0 $ 0
Gain (loss) on foreign currency translation, taxes 0 0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect 0 0
Premiums Earned, Net 33 14
Contractually Specified Servicing Fee, Late Fee, and Ancillary Fee Earned in Exchange for Servicing Financial Asset 3 1
Deferred Policy Acquisition Costs, Amortization Expense 4 1
General and Administrative Expense 36 36
Insurance Commissions 10 8
Unrealized (loss) gain on securities, taxes 0 1
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, Tax 0 0
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect 0 0
Gain (loss) on foreign currency translation, taxes $ 0 $ 0