XML 76 R90.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsidiary Information (Details 2) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Net earned premiums $ 222 $ 211 $ 635 $ 695
Net investment income 102 95 301 295
Net realized investment gains (losses) 2 (11) 0 (13)
Net change in fair value of credit derivatives:        
Realized gains (losses) and other settlements 2 0 (78) 25
Unrealized Gains (Losses) (38) 1,156 (388) 830
Net change in fair value of credit derivatives (36) 1,156 (466) 855
Equity in earnings of subsidiaries 0 0 0 0
Other 52 (106) 274 (92)
Total revenues 342 1,345 744 1,740
Expenses        
Loss and loss adjustment expenses 90 215 459 313
Amortization of deferred acquisition costs 4 4 14 13
Interest expense 21 25 71 74
Other operating expenses 48 46 163 163
Total expenses 163 290 707 563
Income (loss) before income taxes 179 1,055 37 1,177
Total provision (benefit) for income taxes 37 294 1 320
Net income (loss) 142 761 36 857
Comprehensive income (loss) 243 882 199 1,072
Assured Guaranty Ltd. (Parent)
       
Revenues        
Net investment income 0 0 0 0
Net realized investment gains (losses) 0 0 0 0
Net change in fair value of credit derivatives:        
Equity in earnings of subsidiaries 146 766 52 876
Other 0 0 0 0
Total revenues 146 766 52 876
Expenses        
Interest expense 0 0 0 0
Other operating expenses 4 5 16 19
Total expenses 4 5 16 19
Income (loss) before income taxes 142 761 36 857
Total provision (benefit) for income taxes 0 0 0 0
Net income (loss) 142 761 36 857
Comprehensive income (loss) 243 882 199 1,072
AGUS (Issuer)
       
Revenues        
Net investment income 0 0 0 0
Net realized investment gains (losses) 0 0 0 0
Net change in fair value of credit derivatives:        
Equity in earnings of subsidiaries 105 586 112 715
Other 0 0 0 0
Total revenues 105 586 112 715
Expenses        
Interest expense 7 10 27 30
Other operating expenses 0 1 1 1
Total expenses 7 11 28 31
Income (loss) before income taxes 98 575 84 684
Total provision (benefit) for income taxes (3) (4) (10) (11)
Net income (loss) 101 579 94 695
Comprehensive income (loss) 175 664 212 867
AGMH (Issuer)
       
Revenues        
Net investment income 0 0 1 0
Net realized investment gains (losses) 0 0 0 0
Net change in fair value of credit derivatives:        
Equity in earnings of subsidiaries 157 15 319 352
Other 0 0 0 0
Total revenues 157 15 320 352
Expenses        
Interest expense 13 13 40 40
Other operating expenses 1 0 1 1
Total expenses 14 13 41 41
Income (loss) before income taxes 143 2 279 311
Total provision (benefit) for income taxes (5) (5) (14) (14)
Net income (loss) 148 7 293 325
Comprehensive income (loss) 190 55 364 426
Other Subsidiaries
       
Revenues        
Net earned premiums 219 208 625 687
Net investment income 107 99 313 306
Net realized investment gains (losses) 2 (11) 0 (13)
Net change in fair value of credit derivatives:        
Realized gains (losses) and other settlements 2 0 (78) 25
Unrealized Gains (Losses) (38) 1,156 (388) 830
Net change in fair value of credit derivatives (36) 1,156 (466) 855
Equity in earnings of subsidiaries 100 579 94 695
Other 53 (106) 276 (90)
Total revenues 445 1,925 842 2,440
Expenses        
Loss and loss adjustment expenses 90 219 461 314
Amortization of deferred acquisition costs 6 7 24 28
Interest expense 6 6 17 15
Other operating expenses 44 43 149 147
Total expenses 146 275 651 504
Income (loss) before income taxes 299 1,650 191 1,936
Total provision (benefit) for income taxes 42 296 17 335
Net income (loss) 257 1,354 174 1,601
Comprehensive income (loss) 432 1,560 455 1,988
Consolidating Adjustments
       
Revenues        
Net earned premiums 3 3 10 8
Net investment income (5) (4) (13) (11)
Net realized investment gains (losses) 0 0 0 0
Net change in fair value of credit derivatives:        
Realized gains (losses) and other settlements 0 0 0 0
Unrealized Gains (Losses) 0 0 0 0
Net change in fair value of credit derivatives 0 0 0 0
Equity in earnings of subsidiaries (508) (1,946) (577) (2,638)
Other (1) 0 (2) (2)
Total revenues (511) (1,947) (582) (2,643)
Expenses        
Loss and loss adjustment expenses 0 (4) (2) (1)
Amortization of deferred acquisition costs (2) (3) (10) (15)
Interest expense (5) (4) (13) (11)
Other operating expenses (1) (3) (4) (5)
Total expenses (8) (14) (29) (32)
Income (loss) before income taxes (503) (1,933) (553) (2,611)
Total provision (benefit) for income taxes 3 7 8 10
Net income (loss) (506) (1,940) (561) (2,621)
Comprehensive income (loss) $ (797) $ (2,279) $ (1,031) $ (3,281)