XML 189 R100.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsidiary Information (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2012
Dec. 31, 2011
Assets        
Total investment portfolio and cash $ 10,780 $ 11,223    
Investment in subsidiaries 0 0    
Premiums receivable, net of ceding commissions payable 915 [1] 1,005 964 [1] 1,003
Ceded unearned premium reserve 510 561    
Deferred acquisition costs 125 116    
Reinsurance recoverable on unpaid losses 60 58    
Credit derivative assets 101 141    
Deferred tax asset, net 850 721    
Intercompany receivable 0 0    
Financial guaranty variable interest entities’ assets, at fair value 2,674 2,688    
Other 593 729    
Total assets 16,608 17,242    
Liabilities and shareholders’ equity        
Unearned premium reserve 4,812 5,207    
Loss and loss adjustment expense reserve 564 601    
Long-term debt 827 836    
Intercompany payable 0 0    
Credit derivative liabilities 2,349 1,934    
Financial guaranty variable interest entities’ liabilities, at fair value 3,074 3,141    
Other 498 529    
Total liabilities 12,124 12,248    
Total Shareholders' Equity 4,484 4,994    
Total liabilities and shareholders’ equity 16,608 17,242    
Assured Guaranty Ltd. (Parent)
       
Assets        
Total investment portfolio and cash 48 245    
Investment in subsidiaries 4,414 4,734    
Premiums receivable, net of ceding commissions payable 0 0    
Ceded unearned premium reserve 0 0    
Deferred acquisition costs 0 0    
Reinsurance recoverable on unpaid losses 0 0    
Credit derivative assets 0 0    
Deferred tax asset, net 0 0    
Intercompany receivable 0 0    
Financial guaranty variable interest entities’ assets, at fair value 0 0    
Other 28 23    
Total assets 4,490 5,002    
Liabilities and shareholders’ equity        
Unearned premium reserve 0 0    
Loss and loss adjustment expense reserve 0 0    
Long-term debt 0 0    
Intercompany payable 0 0    
Credit derivative liabilities 0 0    
Financial guaranty variable interest entities’ liabilities, at fair value 0 0    
Other 6 8    
Total liabilities 6 8    
Total Shareholders' Equity 4,484 4,994    
Total liabilities and shareholders’ equity 4,490 5,002    
AGUS (Issuer)
       
Assets        
Total investment portfolio and cash 58 15    
Investment in subsidiaries 3,867 3,958    
Premiums receivable, net of ceding commissions payable 0 0    
Ceded unearned premium reserve 0 0    
Deferred acquisition costs 0 0    
Reinsurance recoverable on unpaid losses 0 0    
Credit derivative assets 0 0    
Deferred tax asset, net 48 48    
Intercompany receivable 0 0    
Financial guaranty variable interest entities’ assets, at fair value 0 0    
Other 34 29    
Total assets 4,007 4,050    
Liabilities and shareholders’ equity        
Unearned premium reserve 0 0    
Loss and loss adjustment expense reserve 0 0    
Long-term debt 347 347    
Intercompany payable 173 173    
Credit derivative liabilities 0 0    
Financial guaranty variable interest entities’ liabilities, at fair value 0 0    
Other 9 6    
Total liabilities 529 526    
Total Shareholders' Equity 3,478 3,524    
Total liabilities and shareholders’ equity 4,007 4,050    
AGMH (Issuer)
       
Assets        
Total investment portfolio and cash 31 30    
Investment in subsidiaries 3,417 3,225    
Premiums receivable, net of ceding commissions payable 0 0    
Ceded unearned premium reserve 0 0    
Deferred acquisition costs 0 0    
Reinsurance recoverable on unpaid losses 0 0    
Credit derivative assets 0 0    
Deferred tax asset, net (91) (94)    
Intercompany receivable 0 0    
Financial guaranty variable interest entities’ assets, at fair value 0 0    
Other 34 26    
Total assets 3,391 3,187    
Liabilities and shareholders’ equity        
Unearned premium reserve 0 0    
Loss and loss adjustment expense reserve 0 0    
Long-term debt 427 423    
Intercompany payable 0 0    
Credit derivative liabilities 0 0    
Financial guaranty variable interest entities’ liabilities, at fair value 0 0    
Other 15 15    
Total liabilities 442 438    
Total Shareholders' Equity 2,949 2,749    
Total liabilities and shareholders’ equity 3,391 3,187    
Other Subsidiaries
       
Assets        
Total investment portfolio and cash 10,943 11,233    
Investment in subsidiaries 0 3,524    
Premiums receivable, net of ceding commissions payable 1,044 1,147    
Ceded unearned premium reserve 1,441 1,550    
Deferred acquisition costs 206 190    
Reinsurance recoverable on unpaid losses 201 223    
Credit derivative assets 595 553    
Deferred tax asset, net 916 789    
Intercompany receivable 173 173    
Financial guaranty variable interest entities’ assets, at fair value 2,674 2,688    
Other 669 816    
Total assets 18,862 22,886    
Liabilities and shareholders’ equity        
Unearned premium reserve 5,718 6,168    
Loss and loss adjustment expense reserve 721 778    
Long-term debt 53 66    
Intercompany payable 300 300    
Credit derivative liabilities 2,843 2,346    
Financial guaranty variable interest entities’ liabilities, at fair value 3,074 3,141    
Other 764 803    
Total liabilities 13,473 13,602    
Total Shareholders' Equity 5,389 9,284    
Total liabilities and shareholders’ equity 18,862 22,886    
Consolidating Adjustments
       
Assets        
Total investment portfolio and cash (300) (300)    
Investment in subsidiaries (11,698) (15,441)    
Premiums receivable, net of ceding commissions payable (129) (142)    
Ceded unearned premium reserve (931) (989)    
Deferred acquisition costs (81) (74)    
Reinsurance recoverable on unpaid losses (141) (165)    
Credit derivative assets (494) (412)    
Deferred tax asset, net (23) (22)    
Intercompany receivable (173) (173)    
Financial guaranty variable interest entities’ assets, at fair value 0 0    
Other (172) (165)    
Total assets (14,142) (17,883)    
Liabilities and shareholders’ equity        
Unearned premium reserve (906) (961)    
Loss and loss adjustment expense reserve (157) (177)    
Long-term debt 0 0    
Intercompany payable (473) (473)    
Credit derivative liabilities (494) (412)    
Financial guaranty variable interest entities’ liabilities, at fair value 0 0    
Other (296) (303)    
Total liabilities (2,326) (2,326)    
Total Shareholders' Equity (11,816) (15,557)    
Total liabilities and shareholders’ equity $ (14,142) $ (17,883)    
[1] Excludes $20 million and $32 million as of June 30, 2013 and June 30, 2012, respectively, related to consolidated FG VIEs.