XML 131 R120.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subsidiary Information - Condensed Consolidating Statement of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Condensed Cash Flow Statements, Captions [Line Items]            
Net cash flows provided by (used in) operating activities       $ 352 $ 354  
Fixed-maturity securities:            
Purchases       (1,478) (1,615)  
Sales $ 316   $ 350 908 1,128  
Maturities       746 689  
Net sales (purchases) of short-term investments       (91) (240)  
Net proceeds from FG VIEs’ assets       90 117  
Proceeds from sale of subsidiaries         0  
Return of capital from subsidiary       0    
Proceeds from sale of subsidiaries         0  
Acquisition of MBIA UK, net of cash acquired         95  
Other         (58)  
Other       19 (27)  
Net cash flows provided by (used in) investing activities       194 232  
Cash flows from financing activities            
Return of capital       0 0  
Capital contribution       0 0  
Dividends paid       (55) (53)  
Repurchases of common stock       (380) (431)  
Repurchases of common stock to pay withholding taxes       (13) (13)  
Net paydowns of financial guaranty variable interest entities’ liabilities       (90) (124)  
Paydown of long-term debt       (73) (29)  
Proceeds from option exercises       5 5  
Net cash flows provided by (used in) financing activities       (606) (645)  
Effect of foreign exchange rate changes       (2) 4  
Increase (decrease) in cash       (62) (55)  
Cash and restricted cash at beginning of period   $ 72   144 127 $ 127
Cash and restricted cash at end of period 82 144 72 82 72 144
Reportable Legal Entities [Member] | Assured Guaranty Ltd. (Parent) [Member]            
Condensed Cash Flow Statements, Captions [Line Items]            
Net cash flows provided by (used in) operating activities       454 503  
Fixed-maturity securities:            
Purchases       0 0  
Sales       0 0  
Maturities       0 0  
Net sales (purchases) of short-term investments       (11) (11)  
Net proceeds from FG VIEs’ assets       0 0  
Proceeds from sale of subsidiaries         0  
Return of capital from subsidiary       0    
Proceeds from sale of subsidiaries         0  
Acquisition of MBIA UK, net of cash acquired         0  
Other         0  
Other       0    
Net cash flows provided by (used in) investing activities       (11) (11)  
Cash flows from financing activities            
Return of capital       0 0  
Capital contribution       0 0  
Dividends paid       (55) (53)  
Repurchases of common stock       (380) (431)  
Repurchases of common stock to pay withholding taxes       (13) (13)  
Net paydowns of financial guaranty variable interest entities’ liabilities       0 0  
Paydown of long-term debt       0 0  
Proceeds from option exercises       5 5  
Net cash flows provided by (used in) financing activities       (443) (492)  
Effect of foreign exchange rate changes       0 0  
Increase (decrease) in cash       0 0  
Cash and restricted cash at beginning of period   0   0 0 0
Cash and restricted cash at end of period 0 0 0 0 0 0
Reportable Legal Entities [Member] | Issuer Subsidiary [Member] | AGUS [Member]            
Condensed Cash Flow Statements, Captions [Line Items]            
Net cash flows provided by (used in) operating activities       101 175  
Fixed-maturity securities:            
Purchases       (76) (75)  
Sales       31 112  
Maturities       28 7  
Net sales (purchases) of short-term investments       60 218  
Net proceeds from FG VIEs’ assets       0 0  
Proceeds from sale of subsidiaries         (28)  
Return of capital from subsidiary       200    
Proceeds from sale of subsidiaries         0  
Acquisition of MBIA UK, net of cash acquired         0  
Other         0  
Other       (15)    
Net cash flows provided by (used in) investing activities       228 234  
Cash flows from financing activities            
Return of capital       0 0  
Capital contribution       0 0  
Dividends paid       (362) (390)  
Repurchases of common stock       0 0  
Repurchases of common stock to pay withholding taxes       0 0  
Net paydowns of financial guaranty variable interest entities’ liabilities       0 0  
Paydown of long-term debt       0 0  
Proceeds from option exercises       0 0  
Net cash flows provided by (used in) financing activities       (362) (390)  
Effect of foreign exchange rate changes       0 0  
Increase (decrease) in cash       (33) 19  
Cash and restricted cash at beginning of period   20   33 1 1
Cash and restricted cash at end of period 0 33 20 0 20 33
Reportable Legal Entities [Member] | Issuer Subsidiary [Member] | AGMH [Member]            
Condensed Cash Flow Statements, Captions [Line Items]            
Net cash flows provided by (used in) operating activities       126 105  
Fixed-maturity securities:            
Purchases       (12) (15)  
Sales       8 12  
Maturities       0 0  
Net sales (purchases) of short-term investments       (74) 3  
Net proceeds from FG VIEs’ assets       0 0  
Proceeds from sale of subsidiaries         0  
Return of capital from subsidiary       0    
Proceeds from sale of subsidiaries         0  
Acquisition of MBIA UK, net of cash acquired         0  
Other         0  
Other       0    
Net cash flows provided by (used in) investing activities       (78) 0  
Cash flows from financing activities            
Return of capital       0 0  
Capital contribution       0 25  
Dividends paid       (50) (128)  
Repurchases of common stock       0 0  
Repurchases of common stock to pay withholding taxes       0 0  
Net paydowns of financial guaranty variable interest entities’ liabilities       0 0  
Paydown of long-term debt       0 0  
Proceeds from option exercises       0 0  
Net cash flows provided by (used in) financing activities       (50) (103)  
Effect of foreign exchange rate changes       0 0  
Increase (decrease) in cash       (2) 2  
Cash and restricted cash at beginning of period   2   2 0 0
Cash and restricted cash at end of period 0 2 2 0 2 2
Reportable Legal Entities [Member] | Other Entities [Member]            
Condensed Cash Flow Statements, Captions [Line Items]            
Net cash flows provided by (used in) operating activities       448 469  
Fixed-maturity securities:            
Purchases       (1,462) (1,552)  
Sales       869 1,004  
Maturities       718 682  
Net sales (purchases) of short-term investments       (66) (450)  
Net proceeds from FG VIEs’ assets       90 117  
Proceeds from sale of subsidiaries         (69)  
Return of capital from subsidiary       0    
Proceeds from sale of subsidiaries         139  
Acquisition of MBIA UK, net of cash acquired         95  
Other         (58)  
Other       34    
Net cash flows provided by (used in) investing activities       183 24  
Cash flows from financing activities            
Return of capital       0 (70)  
Capital contribution       0 3  
Dividends paid       (365) (380)  
Repurchases of common stock       (200) 0  
Repurchases of common stock to pay withholding taxes       0 0  
Net paydowns of financial guaranty variable interest entities’ liabilities       (90) (124)  
Paydown of long-term debt       (1) (2)  
Proceeds from option exercises       0 0  
Net cash flows provided by (used in) financing activities       (656) (573)  
Effect of foreign exchange rate changes       (2) 4  
Increase (decrease) in cash       (27) (76)  
Cash and restricted cash at beginning of period   50   109 126 126
Cash and restricted cash at end of period 82 109 50 82 50 109
Consolidating Adjustments [Member]            
Condensed Cash Flow Statements, Captions [Line Items]            
Net cash flows provided by (used in) operating activities       (777) (898)  
Fixed-maturity securities:            
Purchases       72 27  
Sales       0 0  
Maturities       0 0  
Net sales (purchases) of short-term investments       0 0  
Net proceeds from FG VIEs’ assets       0 0  
Proceeds from sale of subsidiaries         97  
Return of capital from subsidiary       (200)    
Proceeds from sale of subsidiaries         (139)  
Acquisition of MBIA UK, net of cash acquired         0  
Other         0  
Other       0    
Net cash flows provided by (used in) investing activities       (128) (15)  
Cash flows from financing activities            
Return of capital       0 70  
Capital contribution       0 (28)  
Dividends paid       777 898  
Repurchases of common stock       200 0  
Repurchases of common stock to pay withholding taxes       0 0  
Net paydowns of financial guaranty variable interest entities’ liabilities       0 0  
Paydown of long-term debt       (72) (27)  
Proceeds from option exercises       0 0  
Net cash flows provided by (used in) financing activities       905 913  
Effect of foreign exchange rate changes       0 0  
Increase (decrease) in cash       0 0  
Cash and restricted cash at beginning of period   0   0 0 0
Cash and restricted cash at end of period $ 0 $ 0 $ 0 $ 0 $ 0 $ 0