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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Net earned premiums $ 91 $ 119
Net investment income 87 84
Net realized investment gains (losses) (16) 8
Fair value gains (losses) on credit derivatives 104 10
Fair value gains (losses) on committed capital securities 2 (10)
Fair value gains (losses) on financial guaranty variable interest entities 1 (3)
Fair value gains (losses) on consolidated investment vehicles 19 22
Foreign exchange gains (losses) on remeasurement 37 (12)
Fair value gains (losses) on trading securities 1 26
Other income (loss) 19 1
Total revenues 345 245
Expenses    
Loss and loss adjustment expenses (benefit) 40 (1)
Interest Expense, Operating 22 23
Amortization of deferred acquisition costs 5 6
Employee compensation and benefit expenses 60 58
Other operating expenses 42 39
Total expenses 169 125
Income (loss) before income taxes and equity in earnings (losses) of investees 176 120
Equity in Earnings (Losses) of Investees 53 24
Total before tax 229 144
Less: Provision (benefit) for income taxes 44 31
Net income (loss) 185 113
Less: Noncontrolling interests 9 4
Net income (loss) attributable to Assured Guaranty Ltd. $ 176 $ 109
Earnings per share:    
Basic (in dollars per share) $ 3.49 $ 1.94
Diluted (in dollars per share) $ 3.44 $ 1.89