Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Investment portfolio:
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $8,237 and $8,371, allowance for credit loss of $75 at June 30, 2020)	$ 8,630	$ 8,854
Short-term investments at fair value	821	1,268
Other invested assets (includes $15 and $6 measured at fair value)	122	118
Total investment portfolio	9,573	10,240
Cash	293	169
Premiums receivable, net of commissions payable	1,294	1,286
Deferred acquisition costs	116	111
Salvage and subrogation recoverable	795	747
Financial guaranty variable interest entities’ assets, at fair value	318	442
Assets of consolidated investment vehicles (includes $1,452 and $558 measured at fair value)	1,669	572
Goodwill and other intangible assets	209	216
Other assets (includes $160 and $135 measured at fair value)	513	543
Total assets	14,780	14,326
Liabilities and shareholders’ equity
Unearned premium reserve	3,742	3,736
Loss and loss adjustment expense reserve	1,076	1,050
Long-term debt	1,222	1,235
Credit derivative liabilities, at fair value	163	191
Financial guaranty variable interest entities’ liabilities with recourse, at fair value	332	367
Financial guaranty variable interest entities’ liabilities without recourse, at fair value	20	102
Liabilities of consolidated investment vehicles (includes $836 and $481 measured at fair value)	1,236	482
Other liabilities	480	511
Total liabilities	8,271	7,674
Commitments and contingencies (see Note 13)
Redeemable noncontrolling interests in consolidated investment vehicles	20	7
Common stock ($0.01 par value, 500,000,000 shares authorized; 84,062,384 and 93,274,987 shares issued and outstanding)	1	1
Retained earnings	6,109	6,295
Accumulated other comprehensive income, net of tax of $69 and $71	333	342
Deferred equity compensation	1	1
Total shareholders’ equity attributable to Assured Guaranty Ltd.	6,444	6,639
Nonredeemable noncontrolling interests	45	6
Total shareholders’ equity	6,489	6,645
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$ 14,780	$ 14,326