10-Q Filing

ASSURED GUARANTY LTD CIK: 1273813 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001273813-17-000045`
Period End Date	20170930
Filing Date	20171103
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	ago-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 112 Cash Flow Statement 50 Stockholders Equity 20 Comprehensive Income 48

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Fixed maturity securities, available-for-sale, at fair value	`AvailableForSaleSecuritiesAmortizedCost`	$10.04B	USD	Point-in-time
Fixed maturity securities, available-for-sale, at fair value	`AvailableForSaleSecuritiesAmortizedCost`	$9.97B	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $10,045 and $9,974)	`MarketableSecuritiesFixedMaturities`	$10.23B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $10,045 and $9,974)	`MarketableSecuritiesFixedMaturities`	$10.55B	USD	Point-in-time
Short-term investments, at fair value	`ShortTermInvestments`	$590.00M	USD	Point-in-time
Short-term investments, at fair value	`ShortTermInvestments`	$949.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	117.94M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	127.99M	shares	Point-in-time
Other invested assets	`OtherInvestments`	$162.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	117.94M	shares	Point-in-time
Other invested assets	`OtherInvestments`	$96.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	127.99M	shares	Point-in-time
Accumulated other comprehensive income, tax provision	`AociTaxAttributableToParent`	$148.00M	USD	Point-in-time
Total investment portfolio	`Investments`	$11.59B	USD	Point-in-time
Total investment portfolio	`Investments`	$10.98B	USD	Point-in-time
Accumulated other comprehensive income, tax provision	`AociTaxAttributableToParent`	$70.00M	USD	Point-in-time
Cash	`Cash`	$72.00M	USD	Point-in-time
Cash	`Cash`	$98.00M	USD	Point-in-time
Cash	`Cash`	$118.00M	USD	Point-in-time
Cash	`Cash`	$166.00M	USD	Point-in-time
Premiums receivable, net of commissions payable	`PremiumsReceivableAtCarryingValue`	$922.00M	USD	Point-in-time
Premiums receivable, net of commissions payable	`PremiumsReceivableAtCarryingValue`	$576.00M	USD	Point-in-time
Ceded unearned premium reserve	`PrepaidReinsurancePremiums`	$206.00M	USD	Point-in-time
Ceded unearned premium reserve	`PrepaidReinsurancePremiums`	$108.00M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$106.00M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$105.00M	USD	Point-in-time
Reinsurance recoverable on unpaid losses	`ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments`	$39.00M	USD	Point-in-time
Reinsurance recoverable on unpaid losses	`ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments`	$80.00M	USD	Point-in-time
Salvage and subrogation recoverable	`SalvageAndSubrogationRecoveriesValue`	$497.00M	USD	Point-in-time
Salvage and subrogation recoverable	`SalvageAndSubrogationRecoveriesValue`	$365.00M	USD	Point-in-time
Credit derivative assets	`CreditRiskDerivativeAssetsAtFairValue`	$3.00M	USD	Point-in-time
Credit derivative assets	`CreditRiskDerivativeAssetsAtFairValue`	$13.00M	USD	Point-in-time
Deferred tax asset, net	`DeferredTaxAssetsLiabilitiesNet`	$135.00M	USD	Point-in-time
Deferred tax asset, net	`DeferredTaxAssetsLiabilitiesNet`	$497.00M	USD	Point-in-time
Current income tax receivable	`IncomeTaxReceivable`	$12.00M	USD	Point-in-time
Current income tax receivable	`IncomeTaxReceivable`	$72.00M	USD	Point-in-time
Financial guaranty variable interest entities assets, at fair value	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$707.00M	USD	Point-in-time
Financial guaranty variable interest entities assets, at fair value	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$876.00M	USD	Point-in-time
Other assets	`OtherAssets`	$317.00M	USD	Point-in-time
Other assets	`OtherAssets`	$398.00M	USD	Point-in-time
Total assets	`Assets`	$14.65B	USD	Point-in-time
Total assets	`Assets`	$14.15B	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$3.51B	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$3.60B	USD	Point-in-time
Loss and loss adjustment expense reserve	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$1.33B	USD	Point-in-time
Loss and loss adjustment expense reserve	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$1.13B	USD	Point-in-time
Reinsurance balances payable, net	`ReinsurancePayable`	$64.00M	USD	Point-in-time
Reinsurance balances payable, net	`ReinsurancePayable`	$45.00M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.31B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.29B	USD	Point-in-time
Credit derivative liabilities	`CreditRiskDerivativeLiabilitiesAtFairValue`	$305.00M	USD	Point-in-time
Credit derivative liabilities	`CreditRiskDerivativeLiabilitiesAtFairValue`	$402.00M	USD	Point-in-time
Financial guaranty variable interest entities liabilities with recourse, at fair value	`VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithRecourse`	$657.00M	USD	Point-in-time
Financial guaranty variable interest entities liabilities with recourse, at fair value	`VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithRecourse`	$807.00M	USD	Point-in-time
Financial guaranty variable interest entities liabilities without recourse, at fair value	`VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithoutRecourse`	$111.00M	USD	Point-in-time
Financial guaranty variable interest entities liabilities without recourse, at fair value	`VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithoutRecourse`	$151.00M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$438.00M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$279.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.65B	USD	Point-in-time
Total liabilities	`Liabilities`	$7.77B	USD	Point-in-time
Commitments and contingencies (See Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($0.01 par value, 500,000,000 shares authorized; 117,937,242 and 127,988,230 shares issued and outstanding)	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock ($0.01 par value, 500,000,000 shares authorized; 117,937,242 and 127,988,230 shares issued and outstanding)	`CommonStockValue`	$1.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.06B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$637.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.91B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.29B	USD	Point-in-time
Accumulated other comprehensive income, net of tax of $148 and $70	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$149.00M	USD	Point-in-time
Accumulated other comprehensive income, net of tax of $148 and $70	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$326.00M	USD	Point-in-time
Deferred equity compensation	`CompensationAndBenefitsTrust`	$1.00M	USD	Point-in-time
Deferred equity compensation	`CompensationAndBenefitsTrust`	$5.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$6.88B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$6.50B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$14.65B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$14.15B	USD	Point-in-time

Income Statement 112 line items

Line Item	Tag	Value	Unit	Period
Net earned premiums	`PremiumsEarnedNet`	$231.00M	USD	1 Quarter
Net earned premiums	`PremiumsEarnedNet`	$512.00M	USD	3 Qtrs
Net earned premiums	`PremiumsEarnedNet`	$186.00M	USD	1 Quarter
Net earned premiums	`PremiumsEarnedNet`	$628.00M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$322.00M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$291.00M	USD	3 Qtrs
Net investment income	`NetInvestmentIncome`	$99.00M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$94.00M	USD	1 Quarter
Other-than-temporary impairment losses	`ImpairmentOfInvestments`	$20.00M	USD	1 Quarter
Other-than-temporary impairment losses	`ImpairmentOfInvestments`	$23.00M	USD	3 Qtrs
Other-than-temporary impairment losses	`ImpairmentOfInvestments`	$32.00M	USD	3 Qtrs
Other-than-temporary impairment losses	`ImpairmentOfInvestments`	$4.00M	USD	1 Quarter
Less: portion of other-than-temporary impairment loss recognized in other comprehensive income	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest`	$-7.00M	USD	1 Quarter
Less: portion of other-than-temporary impairment loss recognized in other comprehensive income	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Less: portion of other-than-temporary impairment loss recognized in other comprehensive income	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest`	$6.00M	USD	3 Qtrs
Less: portion of other-than-temporary impairment loss recognized in other comprehensive income	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest`	$-6.00M	USD	3 Qtrs
Net impairment loss	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$26.00M	USD	3 Qtrs
Net impairment loss	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$5.00M	USD	1 Quarter
Net impairment loss	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$29.00M	USD	3 Qtrs
Net impairment loss	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$13.00M	USD	1 Quarter
Other net realized investment gains (losses)	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$21.00M	USD	3 Qtrs
Other net realized investment gains (losses)	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$83.00M	USD	3 Qtrs
Other net realized investment gains (losses)	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$3.00M	USD	1 Quarter
Other net realized investment gains (losses)	`GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments`	$20.00M	USD	1 Quarter
Net realized investment gains (losses)	`RealizedInvestmentGainsLosses`	$-2.00M	USD	1 Quarter
Net realized investment gains (losses)	`RealizedInvestmentGainsLosses`	$54.00M	USD	3 Qtrs
Net realized investment gains (losses)	`RealizedInvestmentGainsLosses`	$-5.00M	USD	3 Qtrs
Net realized investment gains (losses)	`RealizedInvestmentGainsLosses`	$7.00M	USD	1 Quarter
Realized gains (losses) and other settlements	`RealizedGainLossonDerivativesandOtherSettlements`	$-1.00M	USD	1 Quarter
Realized gains (losses) and other settlements	`RealizedGainLossonDerivativesandOtherSettlements`	$47.00M	USD	3 Qtrs
Realized gains (losses) and other settlements	`RealizedGainLossonDerivativesandOtherSettlements`	$15.00M	USD	1 Quarter
Realized gains (losses) and other settlements	`RealizedGainLossonDerivativesandOtherSettlements`	$19.00M	USD	3 Qtrs
Net unrealized gains (losses)	`UnrealizedGainLossOnDerivatives`	$87.00M	USD	3 Qtrs
Net unrealized gains (losses)	`UnrealizedGainLossOnDerivatives`	$-23.00M	USD	3 Qtrs
Net unrealized gains (losses)	`UnrealizedGainLossOnDerivatives`	$6.00M	USD	1 Quarter
Net unrealized gains (losses)	`UnrealizedGainLossOnDerivatives`	$59.00M	USD	1 Quarter
Net change in fair value of credit derivatives	`DerivativeGainLossOnDerivativeNet`	$106.00M	USD	3 Qtrs
Net change in fair value of credit derivatives	`DerivativeGainLossOnDerivativeNet`	$21.00M	USD	1 Quarter
Net change in fair value of credit derivatives	`DerivativeGainLossOnDerivativeNet`	$24.00M	USD	3 Qtrs
Net change in fair value of credit derivatives	`DerivativeGainLossOnDerivativeNet`	$58.00M	USD	1 Quarter
Fair value gains (losses) on committed capital securities	`FairValueGainLossOnCommittedCapitalSecurities`	$-50.00M	USD	3 Qtrs
Fair value gains (losses) on committed capital securities	`FairValueGainLossOnCommittedCapitalSecurities`	$-4.00M	USD	1 Quarter
Fair value gains (losses) on committed capital securities	`FairValueGainLossOnCommittedCapitalSecurities`	$-4.00M	USD	3 Qtrs
Fair value gains (losses) on committed capital securities	`FairValueGainLossOnCommittedCapitalSecurities`	$-23.00M	USD	1 Quarter
Fair value gains (losses) on financial guaranty variable interest entities	`VariableInterestEntityChangeinFairValue`	$3.00M	USD	1 Quarter
Fair value gains (losses) on financial guaranty variable interest entities	`VariableInterestEntityChangeinFairValue`	$25.00M	USD	3 Qtrs
Fair value gains (losses) on financial guaranty variable interest entities	`VariableInterestEntityChangeinFairValue`	$-11.00M	USD	1 Quarter
Fair value gains (losses) on financial guaranty variable interest entities	`VariableInterestEntityChangeinFairValue`	$11.00M	USD	3 Qtrs
Bargain purchase gain and settlement of pre-existing relationships	`BargainPurchaseGainAndSettlementofPreexistingRelationship`	$259.00M	USD	3 Qtrs
Bargain purchase gain and settlement of pre-existing relationships	`BargainPurchaseGainAndSettlementofPreexistingRelationship`	$259.00M	USD	1 Quarter
Bargain purchase gain and settlement of pre-existing relationships	`BargainPurchaseGainAndSettlementofPreexistingRelationship`	-	USD	1 Quarter
Bargain purchase gain and settlement of pre-existing relationships	`BargainPurchaseGainAndSettlementofPreexistingRelationship`	$58.00M	USD	3 Qtrs
Other income (loss)	`OtherIncome`	$385.00M	USD	3 Qtrs
Other income (loss)	`OtherIncome`	$49.00M	USD	3 Qtrs
Other income (loss)	`OtherIncome`	$274.00M	USD	1 Quarter
Other income (loss)	`OtherIncome`	$-3.00M	USD	1 Quarter
Total revenues	`Revenues`	$1.46B	USD	3 Qtrs
Total revenues	`Revenues`	$623.00M	USD	1 Quarter
Total revenues	`Revenues`	$566.00M	USD	1 Quarter
Total revenues	`Revenues`	$1.21B	USD	3 Qtrs
Loss and loss adjustment expenses	`PolicyholderBenefitsAndClaimsIncurredNet`	$354.00M	USD	3 Qtrs
Loss and loss adjustment expenses	`PolicyholderBenefitsAndClaimsIncurredNet`	$-9.00M	USD	1 Quarter
Loss and loss adjustment expenses	`PolicyholderBenefitsAndClaimsIncurredNet`	$183.00M	USD	3 Qtrs
Loss and loss adjustment expenses	`PolicyholderBenefitsAndClaimsIncurredNet`	$223.00M	USD	1 Quarter
Amortization of deferred acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$4.00M	USD	1 Quarter
Amortization of deferred acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$13.00M	USD	3 Qtrs
Amortization of deferred acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$5.00M	USD	1 Quarter
Amortization of deferred acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$13.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$24.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$26.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$73.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$77.00M	USD	3 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$65.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$58.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$188.00M	USD	3 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$183.00M	USD	3 Qtrs
Total expenses	`BenefitsLossesAndExpenses`	$461.00M	USD	3 Qtrs
Total expenses	`BenefitsLossesAndExpenses`	$310.00M	USD	1 Quarter
Total expenses	`BenefitsLossesAndExpenses`	$86.00M	USD	1 Quarter
Total expenses	`BenefitsLossesAndExpenses`	$623.00M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$746.00M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$835.00M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$313.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$480.00M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$18.00M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$-148.00M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$80.00M	USD	3 Qtrs
Current	`CurrentIncomeTaxExpenseBenefit`	$-102.00M	USD	3 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$253.00M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-17.00M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-18.00M	USD	3 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$259.00M	USD	3 Qtrs
Total provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$105.00M	USD	1 Quarter
Total provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$62.00M	USD	3 Qtrs
Total provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$1.00M	USD	1 Quarter
Total provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$157.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$684.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$678.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$479.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$208.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$3.63	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$5.10	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.75	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$5.56	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$5.06	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.60	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.72	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$5.48	USD	3 Qtrs
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.39	USD	3 Qtrs
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter
Dividends (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.43	USD	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$354.00M	USD	3 Qtrs
Net cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-189.00M	USD	3 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.61B	USD	3 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.03B	USD	3 Qtrs
Sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$877.00M	USD	3 Qtrs
Sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$1.13B	USD	3 Qtrs
Maturities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$861.00M	USD	3 Qtrs
Maturities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$689.00M	USD	3 Qtrs
Net sales (purchases) of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$-80.00M	USD	3 Qtrs
Net sales (purchases) of short-term investments	`PaymentsForProceedsFromShortTermInvestments`	$240.00M	USD	3 Qtrs
Net proceeds from paydowns on financial guaranty variable interest entities assets	`ProceedsFromFinancialGuarantyVariableInterestEntitiesAssets`	$117.00M	USD	3 Qtrs
Net proceeds from paydowns on financial guaranty variable interest entities assets	`ProceedsFromFinancialGuarantyVariableInterestEntitiesAssets`	$590.00M	USD	3 Qtrs
Acquisition of MBIA UK, net of cash acquired (see Note 2)	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of MBIA UK, net of cash acquired (see Note 2)	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	$-95.00M	USD	3 Qtrs
Acquisition of CIFG, net of cash acquired	`PaymentsToAcquireBusinessThreeNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of CIFG, net of cash acquired	`PaymentsToAcquireBusinessThreeNetOfCashAcquired`	$435.00M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-58.00M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$12.00M	USD	3 Qtrs
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$933.00M	USD	3 Qtrs
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$232.00M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$53.00M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$52.00M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$190.00M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$431.00M	USD	3 Qtrs
Repurchases of common stock to pay withholding taxes	`PaymentsForRepurchaseOfCommonStockForTaxWithholdings`	$2.00M	USD	3 Qtrs
Repurchases of common stock to pay withholding taxes	`PaymentsForRepurchaseOfCommonStockForTaxWithholdings`	$13.00M	USD	3 Qtrs
Net paydowns of financial guaranty variable interest entities liabilities	`PaydownOfFinancialGuarantyVariableInterestEntitiesLiabilities`	$124.00M	USD	3 Qtrs
Net paydowns of financial guaranty variable interest entities liabilities	`PaydownOfFinancialGuarantyVariableInterestEntitiesLiabilities`	$567.00M	USD	3 Qtrs
Repayment/ extinguishment of long-term debt	`RepaymentsOfLongTermDebt`	$2.00M	USD	3 Qtrs
Repayment/ extinguishment of long-term debt	`RepaymentsOfLongTermDebt`	$29.00M	USD	3 Qtrs
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	$6.00M	USD	3 Qtrs
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	$5.00M	USD	3 Qtrs
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-807.00M	USD	3 Qtrs
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-645.00M	USD	3 Qtrs
Effect of foreign exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.00M	USD	3 Qtrs
Effect of foreign exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.00M	USD	3 Qtrs
Increase (decrease) in cash and restricted cash	`CashandRestrictedCashPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-67.00M	USD	3 Qtrs
Increase (decrease) in cash and restricted cash	`CashandRestrictedCashPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-55.00M	USD	3 Qtrs
Cash and restricted cash at beginning of period (see Note 10)	`CashandRestrictedCash`	$166.00M	USD	Point-in-time
Cash and restricted cash at beginning of period (see Note 10)	`CashandRestrictedCash`	$99.00M	USD	Point-in-time
Cash and restricted cash at beginning of period (see Note 10)	`CashandRestrictedCash`	$127.00M	USD	Point-in-time
Cash and restricted cash at beginning of period (see Note 10)	`CashandRestrictedCash`	$72.00M	USD	Point-in-time
Cash and restricted cash at end of period (see Note 10)	`CashandRestrictedCash`	$166.00M	USD	Point-in-time
Cash and restricted cash at end of period (see Note 10)	`CashandRestrictedCash`	$99.00M	USD	Point-in-time
Cash and restricted cash at end of period (see Note 10)	`CashandRestrictedCash`	$127.00M	USD	Point-in-time
Cash and restricted cash at end of period (see Note 10)	`CashandRestrictedCash`	$72.00M	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$3.00M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$2.00M	USD	3 Qtrs
Interest	`InterestPaidNet`	$55.00M	USD	3 Qtrs
Interest	`InterestPaidNet`	$53.00M	USD	3 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Dividends, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.39	USD	3 Qtrs
Dividends, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter
Dividends, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	1 Quarter
Dividends, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.43	USD	3 Qtrs
Beginning balance	`StockholdersEquity`	$6.88B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.50B	USD	Point-in-time
Net Income	`NetIncomeLoss`	$684.00M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$678.00M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$479.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$208.00M	USD	1 Quarter
Dividends ($0.4275 per share)	`DividendsCommonStockCash`	$53.00M	USD	3 Qtrs
Common stock repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$431.00M	USD	3 Qtrs
Share-based compensation and other	`StockIssuedDuringPeriodValueSharebasedCompensationandOther`	$4.00M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$121.00M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-25.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$11.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$177.00M	USD	3 Qtrs
Other	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome`	$1.00M	USD	3 Qtrs
Ending balance	`StockholdersEquity`	$6.88B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.50B	USD	Point-in-time

Comprehensive Income 48 line items

Line Item	Tag	Value	Unit	Period
Investments with no other-than-temporary impairment, tax provision (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodExcludingOtherThanTemporaryImpairmentLossesTax`	$-14.00M	USD	1 Quarter
Investments with no other-than-temporary impairment, tax provision (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodExcludingOtherThanTemporaryImpairmentLossesTax`	$63.00M	USD	3 Qtrs
Investments with no other-than-temporary impairment, tax provision (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodExcludingOtherThanTemporaryImpairmentLossesTax`	$10.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$684.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$678.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$479.00M	USD	1 Quarter
Investments with no other-than-temporary impairment, tax provision (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodExcludingOtherThanTemporaryImpairmentLossesTax`	$48.00M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$208.00M	USD	1 Quarter
Investments with other-than-temporary impairment, tax provision (benefit)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$-44.00M	USD	3 Qtrs
Investments with other-than-temporary impairment, tax provision (benefit)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$7.00M	USD	1 Quarter
Investments with other-than-temporary impairment, tax provision (benefit)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$5.00M	USD	3 Qtrs
Investments with other-than-temporary impairment, tax provision (benefit)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$-8.00M	USD	1 Quarter
Reclassification adjustment for gains (losses) included in net income (loss), tax provision (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$3.00M	USD	1 Quarter
Investments with no other-than-temporary impairment, net of tax provision (benefit) of $10, $(14), $63 and $48	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesWithNoOtherThanTemporaryImpairmentArisingDuringPeriodNetOfTax`	$146.00M	USD	3 Qtrs
Investments with no other-than-temporary impairment, net of tax provision (benefit) of $10, $(14), $63 and $48	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesWithNoOtherThanTemporaryImpairmentArisingDuringPeriodNetOfTax`	$-33.00M	USD	1 Quarter
Reclassification adjustment for gains (losses) included in net income (loss), tax provision (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$-1.00M	USD	1 Quarter
Reclassification adjustment for gains (losses) included in net income (loss), tax provision (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$-1.00M	USD	3 Qtrs
Reclassification adjustment for gains (losses) included in net income (loss), tax provision (benefit)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$29.00M	USD	3 Qtrs
Investments with no other-than-temporary impairment, net of tax provision (benefit) of $10, $(14), $63 and $48	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesWithNoOtherThanTemporaryImpairmentArisingDuringPeriodNetOfTax`	$133.00M	USD	3 Qtrs
Investments with no other-than-temporary impairment, net of tax provision (benefit) of $10, $(14), $63 and $48	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesWithNoOtherThanTemporaryImpairmentArisingDuringPeriodNetOfTax`	$27.00M	USD	1 Quarter
Investments with other-than-temporary impairment, net of tax provision (benefit) of $(7), $8, $44 and $(5)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities`	$10.00M	USD	3 Qtrs
Investments with other-than-temporary impairment, net of tax provision (benefit) of $(7), $8, $44 and $(5)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities`	$-81.00M	USD	3 Qtrs
Investments with other-than-temporary impairment, net of tax provision (benefit) of $(7), $8, $44 and $(5)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities`	$15.00M	USD	1 Quarter
Investments with other-than-temporary impairment, net of tax provision (benefit) of $(7), $8, $44 and $(5)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities`	$-13.00M	USD	1 Quarter
Unrealized holding gains (losses) arising during the period, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$214.00M	USD	3 Qtrs
Unrealized holding gains (losses) arising during the period, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$136.00M	USD	3 Qtrs
Unrealized holding gains (losses) arising during the period, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$12.00M	USD	1 Quarter
Unrealized holding gains (losses) arising during the period, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-20.00M	USD	1 Quarter
Less: reclassification adjustment for gains (losses) included in net income (loss), net of tax provision (benefit) of $3, $(1), $29 and $(1)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$4.00M	USD	1 Quarter
Less: reclassification adjustment for gains (losses) included in net income (loss), net of tax provision (benefit) of $3, $(1), $29 and $(1)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Less: reclassification adjustment for gains (losses) included in net income (loss), net of tax provision (benefit) of $3, $(1), $29 and $(1)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$52.00M	USD	3 Qtrs
Less: reclassification adjustment for gains (losses) included in net income (loss), net of tax provision (benefit) of $3, $(1), $29 and $(1)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-1.00M	USD	3 Qtrs
Change in net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableforsaleSecuritiesAdjustmentIncludingOtherThanTemporaryImpairmentLossesNetofTaxPortionAttributabletoParent`	$-20.00M	USD	1 Quarter
Change in net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableforsaleSecuritiesAdjustmentIncludingOtherThanTemporaryImpairmentLossesNetofTaxPortionAttributabletoParent`	$162.00M	USD	3 Qtrs
Change in net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableforsaleSecuritiesAdjustmentIncludingOtherThanTemporaryImpairmentLossesNetofTaxPortionAttributabletoParent`	$137.00M	USD	3 Qtrs
Change in net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableforsaleSecuritiesAdjustmentIncludingOtherThanTemporaryImpairmentLossesNetofTaxPortionAttributabletoParent`	$8.00M	USD	1 Quarter
Other, net of tax provision	`OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent`	$3.00M	USD	1 Quarter
Other, net of tax provision	`OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent`	$-5.00M	USD	1 Quarter
Other, net of tax provision	`OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent`	$15.00M	USD	3 Qtrs
Other, net of tax provision	`OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent`	$-16.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$121.00M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-25.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$11.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$177.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$855.00M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$454.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$219.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$805.00M	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.