Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Investments:
Fixed-maturity securities, available-for-sale, at fair value, net of allowance for credit loss of $51 and $42 (amortized cost of $7,803 and $7,822)	$ 7,396	$ 8,202
Fixed-maturity securities, trading, at fair value	87	0
Short-term investments, at fair value	863	1,225
Other invested assets (includes $23 and $31, at fair value)	150	181
Total investments	8,496	9,608
Cash	138	120
Premiums receivable, net of commissions payable	1,235	1,372
Deferred acquisition costs	139	131
Salvage and subrogation recoverable	502	801
Financial guaranty variable interest entities’ assets, at fair value	264	260
Assets of consolidated investment vehicles (includes $5,234 and $4,902, at fair value)	5,456	5,271
Goodwill and other intangible assets	169	175
Other assets (includes $130 and $132, at fair value)	561	470
Total assets	16,960	18,208
Liabilities
Unearned premium reserve	3,585	3,716
Loss and loss adjustment expense reserve	716	869
Long-term debt	1,674	1,673
Credit derivative liabilities, at fair value	148	156
Financial guaranty variable interest entities’ liabilities, at fair value (with recourse $267 and $269, without recourse $15 and $20)	282	289
Liabilities of consolidated investment vehicles (includes $4,125 and $3,849, at fair value)	4,568	4,436
Other liabilities	419	569
Total liabilities	11,392	11,708
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests (Note 8)	21	22
Shareholders’ equity
Common shares ($0.01 par value, 500,000,000 shares authorized; 62,475,739 and 67,518,424 shares issued and outstanding)	1	1
Retained earnings	5,672	5,990
Accumulated other comprehensive income (loss), net of tax of $(61) and $60	(370)	300
Deferred equity compensation	1	1
Total shareholders’ equity attributable to Assured Guaranty Ltd.	5,304	6,292
Nonredeemable noncontrolling interests (Note 8)	243	186
Total shareholders’ equity	5,547	6,478
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$ 16,960	$ 18,208