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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Investments:    
Fixed-maturity securities, available-for-sale, at fair value, net of allowance for credit loss $ 6,307 $ 7,119
Fixed-maturity securities, trading, at fair value 318 303
Short-term investments, at fair value 1,661 810
Other invested assets (includes $3 and $30, at fair value) 829 133
Total investments 9,115 8,365
Cash 97 107
Premiums receivable, net of commissions payable 1,468 1,298
Deferred acquisition costs 161 147
Salvage and subrogation recoverable 298 257
Financial guaranty variable interest entities’ assets (includes $174 and $413, at fair value) 328 416
Assets of consolidated investment vehicles (includes $331 and $5,363, at fair value) 366 5,493
Goodwill and other intangible assets 6 163
Other assets (includes $123 and $148, at fair value) 700 597
Total assets 12,539 16,843
Liabilities    
Unearned premium reserve 3,658 3,620
Loss and loss adjustment expense reserve 376 296
Long-term debt 1,694 1,675
Credit derivative liabilities, at fair value 53 163
Financial guaranty variable interest entities’ liabilities, at fair value (with recourse $543 and $702, without recourse $11 and $13) 554 715
Liabilities of consolidated investment vehicles (includes $0 and $4,431, at fair value) 4 4,625
Other liabilities 435 457
Total liabilities 6,774 11,551
Commitments and contingencies (Note 18)
Shareholders’ equity    
Common shares ($0.01 par value, 500,000,000 shares authorized; 56,217,305 and 59,013,040 shares issued and outstanding) 1 1
Retained earnings 6,070 5,577
Accumulated other comprehensive income (loss), net of tax of $(67) and $(84) (359) (515)
Deferred equity compensation 1 1
Total shareholders’ equity attributable to Assured Guaranty Ltd. 5,713 5,064
Nonredeemable noncontrolling interests (Note 8) 52 228
Total shareholders’ equity 5,765 5,292
Total liabilities and shareholders’ equity $ 12,539 $ 16,843