XML 126 R113.htm IDEA: XBRL DOCUMENT v3.4.0.3
Subsidiary Information - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Net earned premiums $ 183 [1] $ 142
Net investment income 99 101
Net realized investment gains (losses) (13) 16
Net change in fair value of credit derivatives:    
Realized gains (losses) and other settlements 8 21
Net unrealized gains (losses) (68) 103
Net change in fair value of credit derivatives (60) 124
Bargain purchase gain and settlement of pre-existing relationships 0  
Other 36 (14)
Total revenues 245 369
Expenses    
Loss and LAE 90 18
Amortization of DAC 4 4
Interest expense 26 25
Other operating expenses 60 56
Total expenses 180 103
Income (loss) before income taxes 65 266
Total (provision) benefit for income taxes (6) (65)
Equity in net earnings of subsidiaries 0 0
Net income (loss) 59 201
Less: noncontrolling interest 0 0
Net income (loss) 59 201
Comprehensive income (loss) 141 201
Reportable Legal Entities [Member] | Assured Guaranty Ltd. (Parent) [Member]    
Revenues    
Net earned premiums 0 0
Net investment income 0 0
Net realized investment gains (losses) 0 0
Net change in fair value of credit derivatives:    
Realized gains (losses) and other settlements 0 0
Net unrealized gains (losses) 0 0
Net change in fair value of credit derivatives 0 0
Bargain purchase gain and settlement of pre-existing relationships 0  
Other 0 0
Total revenues 0 0
Expenses    
Loss and LAE 0 0
Amortization of DAC 0 0
Interest expense 0 0
Other operating expenses 8 8
Total expenses 8 8
Income (loss) before income taxes (8) (8)
Total (provision) benefit for income taxes 0 0
Equity in net earnings of subsidiaries 67 209
Net income (loss) 59 201
Less: noncontrolling interest 0 0
Net income (loss) 59 201
Comprehensive income (loss) 141 201
Reportable Legal Entities [Member] | AGUS (Issuer) [Member]    
Revenues    
Net earned premiums 0 0
Net investment income 0 0
Net realized investment gains (losses) 0 0
Net change in fair value of credit derivatives:    
Realized gains (losses) and other settlements 0 0
Net unrealized gains (losses) 0 0
Net change in fair value of credit derivatives 0 0
Bargain purchase gain and settlement of pre-existing relationships 0  
Other 0 0
Total revenues 0 0
Expenses    
Loss and LAE 0 0
Amortization of DAC 0 0
Interest expense 13 13
Other operating expenses 0 0
Total expenses 13 13
Income (loss) before income taxes (13) (13)
Total (provision) benefit for income taxes 5 5
Equity in net earnings of subsidiaries 50 163
Net income (loss) 42 155
Less: noncontrolling interest 0 0
Net income (loss) 42 155
Comprehensive income (loss) 80 134
Reportable Legal Entities [Member] | AGMH (Issuer) [Member]    
Revenues    
Net earned premiums 0 0
Net investment income 0 0
Net realized investment gains (losses) 0 0
Net change in fair value of credit derivatives:    
Realized gains (losses) and other settlements 0 0
Net unrealized gains (losses) 0 0
Net change in fair value of credit derivatives 0 0
Bargain purchase gain and settlement of pre-existing relationships 0  
Other 0 0
Total revenues 0 0
Expenses    
Loss and LAE 0 0
Amortization of DAC 0 0
Interest expense 13 13
Other operating expenses 1 0
Total expenses 14 13
Income (loss) before income taxes (14) (13)
Total (provision) benefit for income taxes 5 5
Equity in net earnings of subsidiaries 77 92
Net income (loss) 68 84
Less: noncontrolling interest 0 0
Net income (loss) 68 84
Comprehensive income (loss) 92 80
Reportable Legal Entities [Member] | Other Entities [Member]    
Revenues    
Net earned premiums 192 140
Net investment income 100 104
Net realized investment gains (losses) (12) 19
Net change in fair value of credit derivatives:    
Realized gains (losses) and other settlements 8 21
Net unrealized gains (losses) (68) 103
Net change in fair value of credit derivatives (60) 124
Bargain purchase gain and settlement of pre-existing relationships 0  
Other 36 (14)
Total revenues 256 373
Expenses    
Loss and LAE 93 18
Amortization of DAC 7 6
Interest expense 3 4
Other operating expenses 52 48
Total expenses 155 76
Income (loss) before income taxes 101 297
Total (provision) benefit for income taxes (16) (72)
Equity in net earnings of subsidiaries 9 9
Net income (loss) 94 234
Less: noncontrolling interest 9 9
Net income (loss) 85 225
Comprehensive income (loss) 178 233
Consolidating Adjustments [Member]    
Revenues    
Net earned premiums (9) 2
Net investment income (1) (3)
Net realized investment gains (losses) (1) (3)
Net change in fair value of credit derivatives:    
Realized gains (losses) and other settlements 0 0
Net unrealized gains (losses) 0 0
Net change in fair value of credit derivatives 0 0
Bargain purchase gain and settlement of pre-existing relationships 0  
Other 0 0
Total revenues (11) (4)
Expenses    
Loss and LAE (3) 0
Amortization of DAC (3) (2)
Interest expense (3) (5)
Other operating expenses (1) 0
Total expenses (10) (7)
Income (loss) before income taxes (1) 3
Total (provision) benefit for income taxes 0 (3)
Equity in net earnings of subsidiaries (203) (473)
Net income (loss) (204) (473)
Less: noncontrolling interest (9) (9)
Net income (loss) (195) (464)
Comprehensive income (loss) $ (350) $ (447)
[1] Excludes $5 million and $5 million for First Quarter 2016 and 2015, respectively, related to consolidated FG VIEs.