Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Investments:
Fixed-maturity securities, available-for-sale, at fair value, net of allowance for credit loss of $57 and $42 (amortized cost of $7,506 and $7,822)	$ 6,780	$ 8,202
Fixed-maturity securities, trading, at fair value	393	0
Short-term investments, at fair value	1,177	1,225
Other invested assets (includes $24 and $31, at fair value)	130	181
Total investments	8,480	9,608
Cash	131	120
Premiums receivable, net of commissions payable	1,178	1,372
Deferred acquisition costs	142	131
Salvage and subrogation recoverable	385	801
Financial guaranty variable interest entities’ assets, at fair value	236	260
Assets of consolidated investment vehicles (includes $5,151 and $4,902, at fair value)	5,336	5,271
Goodwill and other intangible assets	166	175
Other assets (includes $129 and $132, at fair value)	606	470
Total assets	16,660	18,208
Liabilities
Unearned premium reserve	3,596	3,716
Loss and loss adjustment expense reserve	882	869
Long-term debt	1,675	1,673
Credit derivative liabilities, at fair value	195	156
Financial guaranty variable interest entities’ liabilities, at fair value (with recourse $238 and $269, without recourse $13 and $20)	251	289
Liabilities of consolidated investment vehicles (includes $4,209 and $3,849, at fair value)	4,447	4,436
Other liabilities	440	569
Total liabilities	11,486	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; 60,719,431 and 67,518,424 shares issued and outstanding)	1	1
Retained earnings	5,579	5,990
Accumulated other comprehensive income (loss), net of tax of $(100) and $60	(652)	300
Deferred equity compensation	1	1
Total shareholders’ equity attributable to Assured Guaranty Ltd.	4,929	6,292
Nonredeemable noncontrolling interests (Note 8)	224	186
Total shareholders’ equity	5,153	6,478
Total liabilities, redeemable noncontrolling interests and shareholders’ equity	$ 16,660	$ 18,208