Insurance Company Regulatory Requirements (Tables)

12 Months Ended

Dec. 31, 2021

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,
	2021		2020		2021		2020		2019
	(in millions)
U.S. statutory companies:
AGM (1) (2)	$	3,053	$	2,763	$	352	$	398	$	312
AGC (3)	2,070		1,717		282		73		226
Bermuda statutory companies:
AG Re	944		1,026		121		24		45
AGRO	425		429		6		7		12

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(1)    Until April 1, 2021, AGM owned 60.7% of Municipal Assurance Holdings, Inc. (MAC Holdings), the parent of financial guaranty insurer MAC. AGC owned the remaining 39.3% of MAC Holdings. On April 1, 2021, Assured Guaranty executed a multi-step transaction to merge MAC with and into AGM, with AGM as the surviving company. Furthermore, in accordance with the National Association of Insurance Commissioners (NAIC) Annual Statement instructions, the prior year numbers have been restated to reflect the merger of MAC with and into AGM as if the purchase of AGC’s interest in MAC Holdings and the MAC merger had occurred as of January 1, 2020. AGM amounts for 2019 were not required to be restated.

(2)     Policyholders’ surplus is net of contingency reserves of $877 million and $1,012 million as of December 31, 2021 and December 31, 2020, respectively.

(3)     Policyholders’ surplus is net of contingency reserves of $348 million and $545 million as of December 31, 2021 and December 31, 2020, respectively.

Schedule of Dividends Paid by Insurance Company Subsidiaries

Dividend Restrictions and Capital Requirements

Distributions from / Contributions to Insurance Company Subsidiaries

	Year Ended December 31,
	2021		2020		2019
	(in millions)
Dividends paid by AGC to AGUS	$	94	$	166	$	123
Dividends paid by AGM to AGMH	291		267		220
Dividends paid by AG Re to AGL (1)	150		150		275
Repurchase of common stock by AGC from AGUS	—		—		100
Dividends from AGUK to AGM (2)	—		124		—
Contributions from AGM to AGE (2)	—		(123)		—

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(1)    The 2021 and 2020 amounts included fixed-maturity securities with a fair value of $46 million and $47 million, respectively.

(2)    In 2020, the dividend paid to AGM from AGUK was contributed to AGE.