XML 131 R117.htm IDEA: XBRL DOCUMENT v3.7.0.1
Subsidiary Information - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Net earned premiums $ 164 $ 183
Net investment income 122 99
Net realized investment gains (losses) 32 (13)
Net change in fair value of credit derivatives:    
Realized gains (losses) and other settlements 15 8
Net unrealized gains (losses) 39 (68)
Net change in fair value of credit derivatives 54 (60)
Bargain purchase gain and settlement of pre-existing relationships 58 0
Other 97 36
Total revenues 527 245
Expenses    
Loss and LAE 59 90
Amortization of deferred acquisition costs 4 4
Interest expense 24 26
Other operating expenses 68 60
Total expenses 155 180
Income (loss) before income taxes 372 65
Total (provision) benefit for income taxes (55) (6)
Equity in net earnings of subsidiaries 0 0
Net income (loss) 317 59
Less: noncontrolling interest 0 0
Net income (loss) 317 59
Comprehensive income (loss) 374 141
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 3 0
Total revenues 3 0
Expenses    
Loss and LAE 0 0
Amortization of deferred acquisition costs 0 0
Interest expense 0 0
Other operating expenses 10 8
Total expenses 10 8
Income (loss) before income taxes (7) (8)
Total (provision) benefit for income taxes 0 0
Equity in net earnings of subsidiaries 324 67
Net income (loss) 317 59
Less: noncontrolling interest 0 0
Net income (loss) 317 59
Comprehensive income (loss) 374 141
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 deferred acquisition costs 0 0
Interest expense 12 13
Other operating expenses 6 0
Total expenses 18 13
Income (loss) before income taxes (18) (13)
Total (provision) benefit for income taxes 6 5
Equity in net earnings of subsidiaries 199 50
Net income (loss) 187 42
Less: noncontrolling interest 0 0
Net income (loss) 187 42
Comprehensive income (loss) 244 80
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 deferred acquisition costs 0 0
Interest expense 13 13
Other operating expenses 1 1
Total expenses 14 14
Income (loss) before income taxes (14) (14)
Total (provision) benefit for income taxes 5 5
Equity in net earnings of subsidiaries 115 77
Net income (loss) 106 68
Less: noncontrolling interest 0 0
Net income (loss) 106 68
Comprehensive income (loss) 141 92
Reportable Legal Entities [Member] | Other Entities [Member]    
Revenues    
Net earned premiums 167 192
Net investment income 123 100
Net realized investment gains (losses) 32 (12)
Net change in fair value of credit derivatives:    
Realized gains (losses) and other settlements 15 8
Net unrealized gains (losses) 39 (68)
Net change in fair value of credit derivatives 54 (60)
Bargain purchase gain and settlement of pre-existing relationships 58  
Other 142 36
Total revenues 576 256
Expenses    
Loss and LAE 11 93
Amortization of deferred acquisition costs 5 7
Interest expense 2 3
Other operating expenses 106 52
Total expenses 124 155
Income (loss) before income taxes 452 101
Total (provision) benefit for income taxes (76) (16)
Equity in net earnings of subsidiaries 8 9
Net income (loss) 384 94
Less: noncontrolling interest 8 9
Net income (loss) 376 85
Comprehensive income (loss) 437 178
Consolidating Adjustments [Member]    
Revenues    
Net earned premiums (3) (9)
Net investment income (1) (1)
Net realized investment gains (losses) 0 (1)
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 (48) 0
Total revenues (52) (11)
Expenses    
Loss and LAE 48 (3)
Amortization of deferred acquisition costs (1) (3)
Interest expense (3) (3)
Other operating expenses (55) (1)
Total expenses (11) (10)
Income (loss) before income taxes (41) (1)
Total (provision) benefit for income taxes 10 0
Equity in net earnings of subsidiaries (646) (203)
Net income (loss) (677) (204)
Less: noncontrolling interest (8) (9)
Net income (loss) (669) (195)
Comprehensive income (loss) $ (822) $ (350)