XML 113 R102.htm IDEA: XBRL DOCUMENT v3.20.2
Variable Interest Entities - Effect of Consolidating Investment Vehicles on Consolidated Statement of Operations (Details) (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Jun. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Dec. 31, 2018
Variable Interest Entity [Line Items]            
Total investment portfolio $ 9,527   $ 10,240      
Premiums receivable, net of commissions payable 1,321   1,286      
Salvage and subrogation recoverable 961   747      
Financial guaranty variable interest entities’ assets, at fair value 314   442      
Assets of consolidated investment vehicles 1,539   572      
Assets 14,695   14,326      
Unearned premium reserve 3,762   3,736      
Loss and loss adjustment expense reserve 982   1,050      
Financial guaranty variable interest entities’ liabilities with recourse, at fair value 336   367      
FG VIEs’ liabilities without recourse, at fair value 19   102      
Liabilities of consolidated investment vehicles 1,092   482      
Liabilities 8,078   7,674      
Redeemable noncontrolling interests in consolidated investment vehicles 21   7      
Retained earnings 6,143   6,295      
Accumulated other comprehensive income 404   342      
Total shareholders’ equity attributable to Assured Guaranty Ltd. 6,549   6,639      
Nonredeemable noncontrolling interests 47   6      
Total shareholders’ equity 6,596 $ 6,489 6,645 $ 6,652 $ 6,722 $ 6,555
Total liabilities, redeemable noncontrolling interests and shareholders’ equity 14,695   14,326      
Variable Interest Entity, Primary Beneficiary            
Variable Interest Entity [Line Items]            
Assets 314   442      
Liabilities 355   469      
Variable Interest Entity, Primary Beneficiary | Consolidated Investment Vehicles            
Variable Interest Entity [Line Items]            
Fixed maturity securities and short-term investments (33)   (39)      
Equity method investments (379)   (77)      
Total investment portfolio (412)   (116)      
Premiums receivable, net of commissions payable (6)   (7)      
Salvage and subrogation recoverable (9)   (8)      
Financial guaranty variable interest entities’ assets, at fair value 314   442      
Assets of consolidated investment vehicles 1,539   572      
Assets 1,426   883      
Unearned premium reserve (41)   (39)      
Loss and loss adjustment expense reserve (44)   (41)      
Financial guaranty variable interest entities’ liabilities with recourse, at fair value 336   367      
FG VIEs’ liabilities without recourse, at fair value 19   102      
Liabilities of consolidated investment vehicles 1,092   482      
Liabilities 1,362   871      
Redeemable noncontrolling interests in consolidated investment vehicles 21   7      
Retained earnings 27   34      
Accumulated other comprehensive income (31)   (35)      
Total shareholders’ equity attributable to Assured Guaranty Ltd. (4)   (1)      
Nonredeemable noncontrolling interests 47   6      
Total shareholders’ equity 43   5      
Total liabilities, redeemable noncontrolling interests and shareholders’ equity $ 1,426   $ 883