Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Investment portfolio:
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $8,080 and $8,371, allowance for credit loss of $76 at September 30, 2020)	$ 8,556	$ 8,854
Short-term investments at fair value	858	1,268
Other invested assets (includes $16 and $6 measured at fair value)	113	118
Total investment portfolio	9,527	10,240
Cash	223	169
Premiums receivable, net of commissions payable	1,321	1,286
Deferred acquisition costs	118	111
Salvage and subrogation recoverable	961	747
Financial guaranty variable interest entities’ assets, at fair value	314	442
Assets of consolidated investment vehicles (includes $1,301 and $558 measured at fair value)	1,539	572
Goodwill and other intangible assets	206	216
Other assets (includes $155 and $135 measured at fair value)	486	543
Total assets	14,695	14,326
Liabilities and shareholders’ equity
Unearned premium reserve	3,762	3,736
Loss and loss adjustment expense reserve	982	1,050
Long-term debt	1,223	1,235
Credit derivative liabilities, at fair value	162	191
Financial guaranty variable interest entities’ liabilities with recourse, at fair value	336	367
Financial guaranty variable interest entities’ liabilities without recourse, at fair value	19	102
Liabilities of consolidated investment vehicles (includes $930 and $481 measured at fair value)	1,092	482
Other liabilities	502	511
Total liabilities	8,078	7,674
Commitments and contingencies (see Note 13)
Redeemable noncontrolling interests in consolidated investment vehicles	21	7
Common stock ($0.01 par value, 500,000,000 shares authorized; 82,249,285 and 93,274,987 shares issued and outstanding)	1	1
Retained earnings	6,143	6,295
Accumulated other comprehensive income, net of tax of $78 and $71	404	342
Deferred equity compensation	1	1
Total shareholders’ equity attributable to Assured Guaranty Ltd.	6,549	6,639
Nonredeemable noncontrolling interests	47	6
Total shareholders’ equity	6,596	6,645
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$ 14,695	$ 14,326