Insurance Company Regulatory Requirements (Tables)

12 Months Ended

Dec. 31, 2019

Insurance Company Regulatory Requirements [Abstract]

Schedule of Statutory Capital and Surplus and Net Income

Insurance Regulatory Amounts Reported

U.S. and Bermuda

	Policyholders' Surplus				Net Income (Loss)
	As of December 31,				Year Ended December 31,
	2019		2018		2019		2018			2017
	(in millions)
U.S. statutory companies:
AGM (1) (2)	$	2,691	$	2,533	$	312	$	172		$	152
AGC (1) (2)	1,775		1,793		226		(5		)	219
MAC (2)	276		321		53		55			32
Bermuda statutory companies:
AG Re	1,098		1,249		45		131			155
AGRO	410		383		12		10			10

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(1) Policyholders' surplus of AGM and AGC includes their indirect share of MAC. AGM and AGC own 60.7% and 39.3%, respectively, of the outstanding stock of Municipal Assurance Holdings Inc. (MAC Holdings), which owns 100% of the outstanding common stock of MAC.

(2) As of December 31, 2019, policyholders' surplus is net of contingency reserves of $869 million, $546 million and $192 million for AGM, AGC and MAC, respectively. As of December 31, 2018, policyholders' surplus is net of contingency reserves of $913 million, $550 million and $200 million for AGM, AGC and MAC, respectively.

Schedule of Dividends Paid by Insurance Company Subsidiaries

Dividend Restrictions and Capital Requirements

Distributions by

Insurance Subsidiaries

	Year Ended December 31,
	2019		2018		2017
	(in millions)
Dividends paid by AGC to AGUS	$	123	$	133	$	107
Dividends paid by AGM to AGMH	220		171		196
Dividends paid by AG Re to AGL	275		125		125
Dividends paid by MAC to MAC Holdings (1)	105		27		36
Repurchase of common stock by AGM from AGMH	—		—		101
Repurchase of common stock by AGC from AGUS	100		200		—
Redemption of common stock by MAC from MAC Holdings (1)	—		—		250

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(1)

MAC Holdings distributed nearly the entire amounts to AGM and AGC, in proportion to their ownership percentages.