Condensed Consolidated Statements of Operations (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues
Net earned premiums	$ 103	$ 118
Net investment income	80	98
Asset management fees	23	0
Net realized investment gains (losses)	(5)	(12)
Net change in fair value of credit derivatives	(77)	(22)
Fair value gains (losses) on committed capital securities	48	(9)
Fair value gains (losses) on financial guaranty variable interest entities	(9)	5
Fair value gains (losses) on consolidated investment vehicles	(12)	0
Foreign exchange gains (losses) on remeasurement	(62)	11
Other income (loss)	7	6
Total revenues	96	195
Expenses
Loss and loss adjustment expenses	20	46
Interest expense	22	23
Amortization of deferred acquisition costs	3	6
Employee compensation and benefit expenses	64	41
Other operating expenses	45	23
Total expenses	154	139
Income (loss) before income taxes and equity in net earnings of investees	(58)	56
Equity in net earnings of investees	(4)	2
Income (loss) before income taxes	(62)	58
Provision (benefit) for income taxes	(4)	4
Net income (loss)	(58)	54
Less: Noncontrolling interests	(3)	0
Net income (loss) attributable to Assured Guaranty Ltd.	$ (55)	$ 54
Earnings per share:
Basic (in dollars per share)	$ (0.59)	$ 0.52
Diluted (in dollars per share)	$ (0.59)	$ 0.52