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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Net earned premiums $ 403 $ 344 $ 494
Net investment income 340 365 269
Asset management fees 0 53 93
Net realized investment gains (losses) 9 (14) (56)
Fair value gains (losses) on credit derivatives 24 114 (11)
Fair value gains (losses) on committed capital securities (10) (35) 24
Fair value gains (losses) on financial guaranty variable interest entities (11) 8 22
Fair value gains (losses) on consolidated investment vehicles 69 88 17
Foreign exchange gains (losses) on remeasurement (27) 53 (112)
Fair value gains (losses) on trading securities 52 74 (34)
Gain on sale of asset management subsidiaries 0 262 0
Other income (loss) 23 61 17
Total revenues 872 1,373 723
Expenses      
Loss and loss adjustment expenses (benefit) (26) 162 16
Interest expense 91 90 81
Amortization of deferred acquisition costs 20 13 14
Employee compensation and benefit expenses 202 251 258
Other operating expenses 159 217 167
Total expenses 446 733 536
Income (loss) before income taxes and equity in earnings (losses) of investees 426 640 187
Equity in earnings (losses) of investees 62 28 (39)
Income (loss) before income taxes 488 668 148
Provision (benefit) for income taxes      
Current 100 63 14
Deferred (4) (156) (3)
Total provision (benefit) for income taxes 96 (93) 11
Net income (loss) 392 761 137
Less: Noncontrolling interests 16 22 13
Net income (loss) attributable to Assured Guaranty Ltd. $ 376 $ 739 $ 124
Earnings per share:      
Basic (in dollars per share) $ 7.01 $ 12.54 $ 1.95
Diluted (in dollars per share) $ 6.87 $ 12.30 $ 1.92