XML 49 R76.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Subsidiary Information (Details 2) (USD $)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Revenues              
Net earned premiums $ 230,068,000 $ 292,110,000 $ 484,045,000 $ 611,670,000 $ 1,186,700,000 $ 930,400,000 $ 261,400,000
Net investment income 100,827,000 90,871,000 197,214,000 175,173,000 354,700,000 259,200,000 162,600,000
Net realized investment gains (losses) (5,090,000) (8,438,000) (2,284,000) 975,000 (2,000,000) (32,700,000) (69,800,000)
Net change in fair value of credit derivatives:              
Realized gains and other settlements (10,836,000) 38,353,000 24,591,000 65,056,000 153,500,000 163,600,000 117,600,000
Net unrealized gains (losses) (48,625,000) 35,115,000 (319,751,000) 287,213,000 (157,800,000) (337,800,000) 38,000,000
Net change in fair value of credit derivatives (59,461,000) 73,468,000 (295,160,000) 352,269,000 (4,300,000) (174,200,000) 155,600,000
Other income (164,300,000) (400,000) (27,700,000) (25,200,000) (133,800,000) (65,600,000) 43,400,000
Total Revenues 102,012,000 447,685,000 356,065,000 1,114,967,000 1,401,300,000 917,100,000 553,200,000
Expenses              
Loss and LAE 132,908,000 71,156,000 105,861,000 201,657,000 413,800,000 377,800,000 265,800,000
Amortization of deferred acquisition costs 9,533,000 6,936,000 16,953,000 15,109,000 34,100,000 53,900,000 61,200,000
Interest expense 24,696,000 24,831,000 49,456,000 49,965,000 99,600,000 62,800,000 23,300,000
Goodwill and settlement of pre-existing relationship           23,300,000  
Other operating expenses 48,500,000 50,200,000 105,300,000 116,800,000 218,300,000 266,400,000 90,600,000
Total expenses 215,645,000 153,181,000 277,613,000 383,543,000 765,800,000 784,200,000 440,900,000
Income (loss) before income taxes (113,633,000) 294,504,000 78,452,000 731,424,000 635,500,000 132,900,000 112,300,000
Total provision (benefit) for income taxes (55,966,000) 90,966,000 10,712,000 205,911,000 86,600,000 36,900,000 43,400,000
Net income (loss) (57,667,000) 203,538,000 67,740,000 525,513,000 548,900,000 96,000,000 68,900,000
Less: Noncontrolling interest of variable interest entities           (1,200,000)  
Net income (loss) (57,700,000) 203,500,000 67,700,000 525,500,000 548,900,000 97,200,000 68,900,000
Total Shareholders' Equity Attributable to Assured Guaranty Ltd.
             
Revenues              
Net investment income           100,000 500,000
Net change in fair value of credit derivatives:              
Equity in earnings of subsidiaries (52,300,000) 207,000,000 81,500,000 539,600,000 573,300,000 124,500,000 85,600,000
Total Revenues (52,300,000) 207,000,000 81,500,000 539,600,000 573,300,000 124,600,000 86,100,000
Expenses              
Other operating expenses 5,400,000 3,500,000 13,800,000 14,100,000 24,400,000 27,400,000 17,200,000
Total expenses 5,400,000 3,500,000 13,800,000 14,100,000 24,400,000 27,400,000 17,200,000
Income (loss) before income taxes (57,700,000) 203,500,000 67,700,000 525,500,000 548,900,000 97,200,000 68,900,000
Net income (loss) (57,700,000) 203,500,000 67,700,000 525,500,000 548,900,000 97,200,000 68,900,000
Net income (loss) (57,700,000) 203,500,000 67,700,000 525,500,000 548,900,000 97,200,000 68,900,000
AGUS (Issuer)
             
Revenues              
Net investment income           500,000 100,000
Net change in fair value of credit derivatives:              
Equity in earnings of subsidiaries (60,800,000) 201,500,000 100,900,000 449,000,000 511,300,000 319,400,000 136,100,000
Other income             1,000,000
Total Revenues (60,800,000) 201,500,000 100,900,000 449,000,000 511,300,000 319,900,000 137,200,000
Expenses              
Interest expense 9,900,000 9,800,000 19,700,000 19,600,000 39,300,000 31,600,000 23,300,000
Other operating expenses 100,000 2,700,000 300,000 2,800,000 3,300,000 18,800,000  
Total expenses 10,000,000 12,500,000 20,000,000 22,400,000 42,600,000 50,400,000 23,300,000
Income (loss) before income taxes (70,800,000) 189,000,000 80,900,000 426,600,000 468,700,000 269,500,000 113,900,000
Total provision (benefit) for income taxes (3,500,000) (4,300,000) (7,000,000) (7,800,000) (14,900,000) (15,800,000) (7,800,000)
Net income (loss) (67,300,000) 193,300,000 87,900,000 434,400,000 483,600,000 285,300,000 121,700,000
Net income (loss) (67,300,000) 193,300,000 87,900,000 434,400,000 483,600,000 285,300,000 121,700,000
AGMH (Issuer)
             
Revenues              
Net investment income 100,000 100,000 300,000 200,000 500,000 300,000  
Net realized investment gains (losses)         100,000    
Net change in fair value of credit derivatives:              
Equity in earnings of subsidiaries 29,100,000 177,300,000 307,200,000 303,800,000 585,300,000 743,600,000  
Total Revenues 29,200,000 177,400,000 307,500,000 304,000,000 585,900,000 743,900,000  
Expenses              
Interest expense 13,400,000 13,400,000 26,800,000 26,800,000 53,600,000 26,800,000  
Other operating expenses 200,000 600,000 700,000 1,200,000 2,800,000 2,500,000  
Total expenses 13,600,000 14,000,000 27,500,000 28,000,000 56,400,000 29,300,000  
Income (loss) before income taxes 15,600,000 163,400,000 280,000,000 276,000,000 529,500,000 714,600,000  
Total provision (benefit) for income taxes (4,700,000) (4,800,000) (9,500,000) (9,600,000) (21,100,000) (10,100,000)  
Net income (loss) 20,300,000 168,200,000 289,500,000 285,600,000 550,600,000 724,700,000  
Net income (loss) 20,300,000 168,200,000 289,500,000 285,600,000 550,600,000 724,700,000  
Other Subsidiaries
             
Revenues              
Net earned premiums 227,500,000 288,000,000 478,900,000 602,000,000 1,168,200,000 895,200,000 261,400,000
Net investment income 104,400,000 94,600,000 204,400,000 182,500,000 369,200,000 259,400,000 162,000,000
Net realized investment gains (losses) (5,100,000) (9,800,000) (2,300,000) (3,100,000) (6,100,000) (32,900,000) (69,800,000)
Net change in fair value of credit derivatives:              
Realized gains and other settlements (10,800,000) 38,400,000 24,600,000 65,100,000 153,500,000 163,600,000 117,600,000
Net unrealized gains (losses) (48,600,000) 35,100,000 (319,700,000) 287,200,000 (157,800,000) (337,800,000) 38,000,000
Net change in fair value of credit derivatives (59,400,000) 73,500,000 (295,100,000) 352,300,000 (4,300,000) (174,200,000) 155,600,000
Equity in earnings of subsidiaries (67,300,000) 193,300,000 87,900,000 434,400,000 483,600,000 285,300,000  
Other income (163,900,000) (100,000) (26,200,000) (25,100,000) (132,700,000) (52,900,000) 43,400,000
Total Revenues 36,200,000 639,500,000 447,600,000 1,543,000,000 1,877,900,000 1,179,900,000 552,600,000
Expenses              
Loss and LAE 131,000,000 67,500,000 102,700,000 200,500,000 408,900,000 378,300,000 265,800,000
Amortization of deferred acquisition costs 13,400,000 9,000,000 28,200,000 19,900,000 41,700,000 18,100,000 61,200,000
Interest expense 5,200,000 5,500,000 10,500,000 11,100,000 21,700,000 4,900,000  
Goodwill and settlement of pre-existing relationship           (147,100,000)  
Other operating expenses 43,100,000 43,900,000 92,200,000 99,300,000 190,000,000 255,300,000 73,400,000
Total expenses 192,700,000 125,900,000 233,600,000 330,800,000 662,300,000 509,500,000 400,400,000
Income (loss) before income taxes (156,500,000) 513,600,000 214,000,000 1,212,200,000 1,215,600,000 670,400,000 152,200,000
Total provision (benefit) for income taxes (48,600,000) 94,600,000 23,600,000 212,800,000 110,300,000 56,500,000 51,200,000
Net income (loss) (107,900,000) 419,000,000 190,400,000 999,400,000 1,105,300,000 613,900,000 101,000,000
Less: Noncontrolling interest of variable interest entities           (1,200,000)  
Net income (loss) (107,900,000) 419,000,000 190,400,000 999,400,000 1,105,300,000 615,100,000 101,000,000
Consolidating Adjustments
             
Revenues              
Net earned premiums 2,500,000 4,100,000 5,100,000 9,700,000 18,500,000 35,200,000  
Net investment income (3,700,000) (3,800,000) (7,500,000) (7,500,000) (15,000,000) (1,100,000)  
Net realized investment gains (losses)   1,400,000   4,100,000 4,000,000 200,000  
Net change in fair value of credit derivatives:              
Equity in earnings of subsidiaries 151,300,000 (779,100,000) (577,500,000) (1,726,800,000) (2,153,500,000) (1,472,800,000) (221,700,000)
Other income (400,000) (300,000) (1,500,000) (100,000) (1,100,000) (12,700,000) (1,000,000)
Total Revenues 149,700,000 (777,700,000) (581,400,000) (1,720,600,000) (2,147,100,000) (1,451,200,000) (222,700,000)
Expenses              
Loss and LAE 1,900,000 3,700,000 3,200,000 1,200,000 4,900,000 (500,000)  
Amortization of deferred acquisition costs (3,900,000) (2,100,000) (11,300,000) (4,800,000) (7,600,000) 35,800,000  
Interest expense (3,800,000) (3,800,000) (7,500,000) (7,500,000) (15,000,000) (500,000)  
Goodwill and settlement of pre-existing relationship           170,400,000  
Other operating expenses (300,000) (500,000) (1,700,000) (600,000) (2,200,000) (37,600,000)  
Total expenses (6,100,000) (2,700,000) (17,300,000) (11,700,000) (19,900,000) 167,600,000  
Income (loss) before income taxes 155,800,000 (775,000,000) (564,100,000) (1,708,900,000) (2,127,200,000) (1,618,800,000) (222,700,000)
Total provision (benefit) for income taxes 900,000 5,500,000 3,700,000 10,500,000 12,300,000 6,300,000  
Net income (loss) 154,900,000 (780,500,000) (567,800,000) (1,719,400,000) (2,139,500,000) (1,625,100,000) (222,700,000)
Net income (loss) $ 154,900,000 $ (780,500,000) $ (567,800,000) $ (1,719,400,000) $ (2,139,500,000) $ (1,625,100,000) $ (222,700,000)