Business Combinations (Tables)

12 Months Ended

Dec. 31, 2011

Business Combinations

Schedule of assets and liabilities of Acquired Companies after the allocation of the purchase price to the net assets

	(in millions)
Purchase price:
Cash	$	546.0
Fair value of common shares issued (based upon June 30, 2009 closing price of AGL common shares)		275.9
Total purchase price		821.9
Identifiable assets acquired:
Investments		5,950.1
Cash		87.0
Premiums receivable, net of ceding commissions payable		854.1
Ceded unearned premium reserve		1,727.7
Deferred tax asset, net		888.1
FG VIEs' assets		1,879.4
Other assets		662.6
Total assets		12,049.0
Liabilities assumed:
Unearned premium reserve		7,286.4
Long-term debt		560.6
Credit derivative liabilities		920.0
FG VIEs' liabilities		1,878.6
Other liabilities		348.9
Total liabilities		10,994.5
Net assets		1,054.5
Bargain purchase gain resulting from the AGMH Acquisition	$	232.6

Components of Goodwill and Settlement of Pre-existing Relationship

	Year Ended December 31, 2009
	(in millions)
Goodwill impairment associated with assumed reinsurance line of business	$	85.4
Gain on bargain purchase of AGMH		(232.6	)
Settlement of pre-existing relationship in conjunction with the AGMH Acquisition		170.5
Goodwill and settlement of pre-existing relationship	$	23.3

AGMH Acquisition-Related Expenses

	Year Ended December 31,
	2010		2009
Severance costs	$	—	$	40.4
Professional services		6.8		32.8
Office consolidation		—		19.1
Total	$	6.8	$	92.3

Pro Forma Condensed Combined Results of Operations (Unaudited)

	Year Ended December 31, 2009
	Revenues		Net Income Attributable to Assured Guaranty Ltd.		Net Income per Basic Share
	(in millions, except per share amounts)
Assured Guaranty as reported	$	917.1	$	86.0	$	0.68
Pro forma combined		2,304.2		812.6		4.19