XML 15 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed-maturity securities, available-for-sale, at fair value, net of allowance for credit loss of $69 and $77 (amortized cost of $6,478 and $6,746) $ 6,006 $ 6,307
Fixed-maturity securities, trading, at fair value 221 318
Short-term investments, at fair value 1,717 1,661
Other invested assets (includes $4 and $3, at fair value) 882 829
Total investments 8,826 9,115
Cash 92 97
Premiums receivable, net of commissions payable 1,472 1,468
Deferred acquisition costs 169 161
Salvage and subrogation recoverable 293 298
Financial guaranty variable interest entities’ assets (includes $160 and $174, at fair value) 160 328
Assets of consolidated investment vehicles (includes $357 and $331, at fair value) 378 366
Other assets (includes $125 and $123, at fair value) 698 706
Total assets 12,088 12,539
Liabilities    
Unearned premium reserve 3,662 3,658
Loss and loss adjustment expense reserve 294 376
Long-term debt 1,696 1,694
Credit derivative liabilities, at fair value 38 53
Financial guaranty variable interest entities’ liabilities, at fair value (with recourse $383 and $543, without recourse $10 and $11) 393 554
Other liabilities 410 439
Total liabilities 6,493 6,774
Commitments and contingencies (Notes 3, 7 and 11)
Shareholders’ equity    
Common shares ($0.01 par value, 500,000,000 shares authorized; 53,185,707 and 56,217,305 shares issued and outstanding) 1 1
Retained earnings 5,929 6,070
Accumulated other comprehensive income (loss), net of tax of $(75) and $(67) (392) (359)
Deferred equity compensation 1 1
Total shareholders’ equity attributable to Assured Guaranty Ltd. 5,539 5,713
Nonredeemable noncontrolling interests (Note 8) 56 52
Total shareholders’ equity 5,595 5,765
Total liabilities and shareholders’ equity $ 12,088 $ 12,539