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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Net earned premiums $ 119 $ 81
Net investment income 84 81
Asset management fees 0 26
Net realized investment gains (losses) 8 (2)
Fair value gains (losses) on credit derivatives 10 15
Fair value gains (losses) on committed capital securities (10) (16)
Fair value gains (losses) on financial guaranty variable interest entities (3) (5)
Fair value gains (losses) on consolidated investment vehicles 22 58
Foreign exchange gains (losses) on remeasurement (12) 20
Fair value gains (losses) on trading securities 26 (2)
Other income (loss) 1 27
Total revenues 245 283
Expenses    
Loss and loss adjustment expenses (benefit) (1) 4
Interest expense 23 21
Amortization of deferred acquisition costs 6 3
Employee compensation and benefit expenses 58 82
Other operating expenses 39 55
Total expenses 125 165
Income (loss) before income taxes and equity in earnings (losses) of investees 120 118
Equity in Earnings (Losses) of Investees 24 2
Income (loss) before income taxes 144 120
Less: Provision (benefit) for income taxes 31 23
Net income (loss) 113 97
Less: Noncontrolling interests 4 16
Net income (loss) attributable to Assured Guaranty Ltd. $ 109 $ 81
Earnings per share:    
Basic (in dollars per share) $ 1.94 $ 1.37
Diluted (in dollars per share) $ 1.89 $ 1.34