10-Q Filing

ASSURED GUARANTY LTD CIK: 1273813 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001273813-19-000038`
Period End Date	20190630
Filing Date	20190808
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	gaapago-06x30x2019x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 80 Cash Flow Statement 56 Stockholders Equity 37 Comprehensive Income 40

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Fixed maturity securities, available-for-sale, at fair value	`AvailableForSaleSecuritiesAmortizedCost`	$9.14B	USD	Point-in-time
Fixed maturity securities, available-for-sale, at fair value	`AvailableForSaleSecuritiesAmortizedCost`	$9.88B	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 $9,137 and $9,884)	`TradingSecuritiesDebt`	$9.57B	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 $9,137 and $9,884)	`TradingSecuritiesDebt`	$10.09B	USD	Point-in-time
Short-term investments, at fair value	`ShortTermInvestments`	$1.16B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	99.80M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	103.67M	shares	Point-in-time
Short-term investments, at fair value	`ShortTermInvestments`	$729.00M	USD	Point-in-time
Other invested assets	`OtherInvestments`	$60.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	99.80M	shares	Point-in-time
Other invested assets	`OtherInvestments`	$55.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	103.67M	shares	Point-in-time
Accumulated other comprehensive income, tax provision	`AociTaxAttributableToParent`	$71.00M	USD	Point-in-time
Accumulated other comprehensive income, tax provision	`AociTaxAttributableToParent`	$38.00M	USD	Point-in-time
Total investment portfolio	`Investments`	$10.79B	USD	Point-in-time
Total investment portfolio	`Investments`	$10.87B	USD	Point-in-time
Cash	`Cash`	$104.00M	USD	Point-in-time
Cash	`Cash`	$190.00M	USD	Point-in-time
Premiums receivable, net of commissions payable	`PremiumsReceivableAtCarryingValue`	$904.00M	USD	Point-in-time
Premiums receivable, net of commissions payable	`PremiumsReceivableAtCarryingValue`	$866.00M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$105.00M	USD	Point-in-time
Deferred acquisition costs	`DeferredPolicyAcquisitionCosts`	$106.00M	USD	Point-in-time
Salvage and subrogation recoverable	`SalvageAndSubrogationRecoveriesValue`	$580.00M	USD	Point-in-time
Salvage and subrogation recoverable	`SalvageAndSubrogationRecoveriesValue`	$490.00M	USD	Point-in-time
Financial guaranty variable interest entities assets, at fair value	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$526.00M	USD	Point-in-time
Financial guaranty variable interest entities assets, at fair value	`VariableInterestEntityConsolidatedCarryingAmountAssets`	$569.00M	USD	Point-in-time
Other assets	`OtherAssets`	$558.00M	USD	Point-in-time
Other assets	`OtherAssets`	$520.00M	USD	Point-in-time
Total assets	`Assets`	$13.58B	USD	Point-in-time
Total assets	`Assets`	$13.60B	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$3.39B	USD	Point-in-time
Unearned premium reserve	`UnearnedPremiums`	$3.51B	USD	Point-in-time
Loss and loss adjustment expense reserve	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$1.10B	USD	Point-in-time
Loss and loss adjustment expense reserve	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$1.18B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.23B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$1.23B	USD	Point-in-time
Credit derivative liabilities	`CreditRiskDerivativeLiabilitiesAtFairValue`	$209.00M	USD	Point-in-time
Credit derivative liabilities	`CreditRiskDerivativeLiabilitiesAtFairValue`	$224.00M	USD	Point-in-time
Financial guaranty variable interest entities liabilities with recourse, at fair value	`VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithRecourse`	$517.00M	USD	Point-in-time
Financial guaranty variable interest entities liabilities with recourse, at fair value	`VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithRecourse`	$446.00M	USD	Point-in-time
Financial guaranty variable interest entities liabilities without recourse, at fair value	`VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithoutRecourse`	$105.00M	USD	Point-in-time
Financial guaranty variable interest entities liabilities without recourse, at fair value	`VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithoutRecourse`	$102.00M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$362.00M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$298.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.86B	USD	Point-in-time
Total liabilities	`Liabilities`	$7.05B	USD	Point-in-time
Commitments and contingencies (see Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($0.01 par value, 500,000,000 shares authorized; 99,801,012 and 103,672,592 shares issued and outstanding)	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock ($0.01 par value, 500,000,000 shares authorized; 99,801,012 and 103,672,592 shares issued and outstanding)	`CommonStockValue`	$1.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$86.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.42B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.37B	USD	Point-in-time
Accumulated other comprehensive income, net of tax of $71 and $38	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$295.00M	USD	Point-in-time
Accumulated other comprehensive income, net of tax of $71 and $38	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$93.00M	USD	Point-in-time
Deferred equity compensation	`CompensationAndBenefitsTrust`	$1.00M	USD	Point-in-time
Deferred equity compensation	`CompensationAndBenefitsTrust`	$1.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$6.78B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$6.72B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$6.55B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$6.67B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$6.63B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$6.84B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$13.60B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$13.58B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net earned premiums	`PremiumsEarnedNet`	$281.00M	USD	2 Qtrs
Net earned premiums	`PremiumsEarnedNet`	$136.00M	USD	1 Quarter
Net earned premiums	`PremiumsEarnedNet`	$230.00M	USD	2 Qtrs
Net earned premiums	`PremiumsEarnedNet`	$112.00M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$198.00M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$110.00M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$208.00M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$98.00M	USD	1 Quarter
Net realized investment gains (losses)	`RealizedInvestmentGainsLosses`	$-4.00M	USD	2 Qtrs
Net realized investment gains (losses)	`RealizedInvestmentGainsLosses`	$-2.00M	USD	1 Quarter
Net realized investment gains (losses)	`RealizedInvestmentGainsLosses`	$8.00M	USD	1 Quarter
Net realized investment gains (losses)	`RealizedInvestmentGainsLosses`	$-7.00M	USD	2 Qtrs
Net change in fair value of credit derivatives	`DerivativeGainLossOnDerivativeNet`	$-8.00M	USD	1 Quarter
Net change in fair value of credit derivatives	`DerivativeGainLossOnDerivativeNet`	$82.00M	USD	2 Qtrs
Net change in fair value of credit derivatives	`DerivativeGainLossOnDerivativeNet`	$48.00M	USD	1 Quarter
Net change in fair value of credit derivatives	`DerivativeGainLossOnDerivativeNet`	$-30.00M	USD	2 Qtrs
Fair value gains (losses) on financial guaranty variable interest entities	`VariableInterestEntityChangeinFairValue`	$2.00M	USD	1 Quarter
Fair value gains (losses) on financial guaranty variable interest entities	`VariableInterestEntityChangeinFairValue`	$6.00M	USD	2 Qtrs
Fair value gains (losses) on financial guaranty variable interest entities	`VariableInterestEntityChangeinFairValue`	$33.00M	USD	1 Quarter
Fair value gains (losses) on financial guaranty variable interest entities	`VariableInterestEntityChangeinFairValue`	$38.00M	USD	2 Qtrs
Foreign exchange gain (loss) on remeasurement	`ForeignCurrencyTransactionGainLossBeforeTax`	$-14.00M	USD	2 Qtrs
Foreign exchange gain (loss) on remeasurement	`ForeignCurrencyTransactionGainLossBeforeTax`	$-14.00M	USD	1 Quarter
Foreign exchange gain (loss) on remeasurement	`ForeignCurrencyTransactionGainLossBeforeTax`	$-36.00M	USD	1 Quarter
Foreign exchange gain (loss) on remeasurement	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.00M	USD	2 Qtrs
Other income (loss)	`OtherIncome`	$25.00M	USD	1 Quarter
Other income (loss)	`OtherIncome`	$-33.00M	USD	2 Qtrs
Other income (loss)	`OtherIncome`	$-26.00M	USD	1 Quarter
Other income (loss)	`OtherIncome`	$22.00M	USD	2 Qtrs
Total revenues	`Revenues`	$461.00M	USD	2 Qtrs
Total revenues	`Revenues`	$220.00M	USD	1 Quarter
Total revenues	`Revenues`	$266.00M	USD	1 Quarter
Total revenues	`Revenues`	$513.00M	USD	2 Qtrs
Loss and loss adjustment expenses	`PolicyholderBenefitsAndClaimsIncurredNet`	$44.00M	USD	1 Quarter
Loss and loss adjustment expenses	`PolicyholderBenefitsAndClaimsIncurredNet`	$26.00M	USD	2 Qtrs
Loss and loss adjustment expenses	`PolicyholderBenefitsAndClaimsIncurredNet`	$-1.00M	USD	1 Quarter
Loss and loss adjustment expenses	`PolicyholderBenefitsAndClaimsIncurredNet`	$45.00M	USD	2 Qtrs
Amortization of deferred acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$4.00M	USD	1 Quarter
Amortization of deferred acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$9.00M	USD	2 Qtrs
Amortization of deferred acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$4.00M	USD	1 Quarter
Amortization of deferred acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$10.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$45.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$22.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$48.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$24.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$60.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$62.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$127.00M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$124.00M	USD	2 Qtrs
Total expenses	`BenefitsLossesAndExpenses`	$210.00M	USD	2 Qtrs
Total expenses	`BenefitsLossesAndExpenses`	$134.00M	USD	1 Quarter
Total expenses	`BenefitsLossesAndExpenses`	$85.00M	USD	1 Quarter
Total expenses	`BenefitsLossesAndExpenses`	$224.00M	USD	2 Qtrs
Income (loss) before income taxes and equity in net earnings of investees	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$86.00M	USD	1 Quarter
Income (loss) before income taxes and equity in net earnings of investees	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$181.00M	USD	1 Quarter
Income (loss) before income taxes and equity in net earnings of investees	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$237.00M	USD	2 Qtrs
Income (loss) before income taxes and equity in net earnings of investees	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$303.00M	USD	2 Qtrs
Equity in net earnings of investees	`IncomeLossFromEquityMethodInvestments`	$3.00M	USD	2 Qtrs
Equity in net earnings of investees	`IncomeLossFromEquityMethodInvestments`	$1.00M	USD	1 Quarter
Equity in net earnings of investees	`IncomeLossFromEquityMethodInvestments`	$1.00M	USD	1 Quarter
Equity in net earnings of investees	`IncomeLossFromEquityMethodInvestments`	$1.00M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$304.00M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$240.00M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$182.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$87.00M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$40.00M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$12.00M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$44.00M	USD	2 Qtrs
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$32.00M	USD	2 Qtrs
Net income (loss) attributable to Assured Guaranty Ltd.	`NetIncomeLoss`	$75.00M	USD	1 Quarter
Net income (loss) attributable to Assured Guaranty Ltd.	`NetIncomeLoss`	$196.00M	USD	2 Qtrs
Net income (loss) attributable to Assured Guaranty Ltd.	`NetIncomeLoss`	$272.00M	USD	2 Qtrs
Net income (loss) attributable to Assured Guaranty Ltd.	`NetIncomeLoss`	$142.00M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.92	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.39	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.40	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.37	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.39	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.90	USD	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-198.00M	USD	2 Qtrs
Net cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$444.00M	USD	2 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$879.00M	USD	2 Qtrs
Purchases	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$503.00M	USD	2 Qtrs
Sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$914.00M	USD	2 Qtrs
Sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$592.00M	USD	2 Qtrs
Sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$443.00M	USD	1 Quarter
Sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$183.00M	USD	1 Quarter
Maturities and paydowns	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$506.00M	USD	2 Qtrs
Maturities and paydowns	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$533.00M	USD	2 Qtrs
Purchases	`PaymentsToAcquireShortTermInvestments`	$121.00M	USD	2 Qtrs
Purchases	`PaymentsToAcquireShortTermInvestments`	$209.00M	USD	2 Qtrs
Sales	`ProceedsFromSaleOfShortTermInvestments`	$2.00M	USD	2 Qtrs
Sales	`ProceedsFromSaleOfShortTermInvestments`	$1.00M	USD	2 Qtrs
Maturities and paydowns	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$104.00M	USD	2 Qtrs
Maturities and paydowns	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$174.00M	USD	2 Qtrs
Net sales (purchases) of short-term investments with original maturities of less than three months	`PaymentsForProceedsFromShortTermInvestments`	$288.00M	USD	2 Qtrs
Net sales (purchases) of short-term investments with original maturities of less than three months	`PaymentsForProceedsFromShortTermInvestments`	$389.00M	USD	2 Qtrs
Net proceeds from paydowns on financial guaranty variable interest entities assets	`ProceedsfromPaydownsonFinancialGuarantyVariableInterestEntitiesAssets`	$50.00M	USD	2 Qtrs
Net proceeds from paydowns on financial guaranty variable interest entities assets	`ProceedsfromPaydownsonFinancialGuarantyVariableInterestEntitiesAssets`	$60.00M	USD	2 Qtrs
Net proceeds from sales of financial guaranty variable interest entities assets	`ProceedsfromSaleofFinancialGuarantyVariableInterestEntitiesAssets`	$51.00M	USD	2 Qtrs
Net proceeds from sales of financial guaranty variable interest entities assets	`ProceedsfromSaleofFinancialGuarantyVariableInterestEntitiesAssets`	-	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$16.00M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-35.00M	USD	2 Qtrs
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$631.00M	USD	2 Qtrs
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.00M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$37.00M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$39.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$190.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$250.00M	USD	2 Qtrs
Repurchases of common stock to pay withholding taxes	`PaymentsForRepurchaseOfCommonStockForTaxWithholdings`	$16.00M	USD	2 Qtrs
Repurchases of common stock to pay withholding taxes	`PaymentsForRepurchaseOfCommonStockForTaxWithholdings`	$13.00M	USD	2 Qtrs
Net paydowns of financial guaranty variable interest entities liabilities	`PaydownOfFinancialGuarantyVariableInterestEntitiesLiabilities`	$95.00M	USD	2 Qtrs
Net paydowns of financial guaranty variable interest entities liabilities	`PaydownOfFinancialGuarantyVariableInterestEntitiesLiabilities`	$61.00M	USD	2 Qtrs
Paydown of long-term debt	`RepaymentsOfLongTermDebt`	$24.00M	USD	2 Qtrs
Paydown of long-term debt	`RepaymentsOfLongTermDebt`	$4.00M	USD	2 Qtrs
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	$1.00M	USD	2 Qtrs
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	$1.00M	USD	2 Qtrs
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-384.00M	USD	2 Qtrs
Net cash flows provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-343.00M	USD	2 Qtrs
Effect of foreign exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.00M	USD	2 Qtrs
Effect of foreign exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
Increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$45.00M	USD	2 Qtrs
Increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$90.00M	USD	2 Qtrs
Cash and restricted cash at beginning of period (see Note 7)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$194.00M	USD	Point-in-time
Cash and restricted cash at beginning of period (see Note 7)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$144.00M	USD	Point-in-time
Cash and restricted cash at beginning of period (see Note 7)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$104.00M	USD	Point-in-time
Cash and restricted cash at beginning of period (see Note 7)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.00M	USD	Point-in-time
Cash and restricted cash at end of period (see Note 7)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$194.00M	USD	Point-in-time
Cash and restricted cash at end of period (see Note 7)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$144.00M	USD	Point-in-time
Cash and restricted cash at end of period (see Note 7)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$104.00M	USD	Point-in-time
Cash and restricted cash at end of period (see Note 7)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.00M	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	$-3.00M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$39.00M	USD	2 Qtrs
Interest on long-term debt	`InterestPaidNet`	$57.00M	USD	2 Qtrs
Interest on long-term debt	`InterestPaidNet`	$42.00M	USD	2 Qtrs

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Dividends, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.36	USD	2 Qtrs
Dividends, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Dividends, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.32	USD	2 Qtrs
Dividends, per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$6.78B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.72B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.55B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.67B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.63B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.84B	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$75.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$196.00M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$272.00M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$142.00M	USD	1 Quarter
Dividends (in dollars per share)	`DividendsCommonStockCash`	$18.00M	USD	1 Quarter
Dividends (in dollars per share)	`DividendsCommonStockCash`	$37.00M	USD	2 Qtrs
Dividends (in dollars per share)	`DividendsCommonStockCash`	$38.00M	USD	2 Qtrs
Dividends (in dollars per share)	`DividendsCommonStockCash`	$19.00M	USD	1 Quarter
Common stock repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$190.00M	USD	2 Qtrs
Common stock repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$250.00M	USD	2 Qtrs
Common stock repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$111.00M	USD	1 Quarter
Common stock repurchases	`StockRepurchasedAndRetiredDuringPeriodValue`	$152.00M	USD	1 Quarter
Share-based compensation and other	`StockIssuedDuringPeriodValueSharebasedCompensationandOther`	$-2.00M	USD	2 Qtrs
Share-based compensation and other	`StockIssuedDuringPeriodValueSharebasedCompensationandOther`	$7.00M	USD	1 Quarter
Share-based compensation and other	`StockIssuedDuringPeriodValueSharebasedCompensationandOther`	$-3.00M	USD	2 Qtrs
Share-based compensation and other	`StockIssuedDuringPeriodValueSharebasedCompensationandOther`	$7.00M	USD	1 Quarter
Effect on OCI	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-62.00M	USD	1 Quarter
Effect on OCI	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$34.00M	USD	1 Quarter
Effect on OCI	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-188.00M	USD	2 Qtrs
Effect on OCI	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$202.00M	USD	2 Qtrs
Effect of adoption of ASU	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-32.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.78B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.72B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.55B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.67B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.63B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.84B	USD	Point-in-time

Comprehensive Income 40 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$75.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$196.00M	USD	2 Qtrs
Investments with no other-than-temporary impairment, tax provision (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodExcludingOtherThanTemporaryImpairmentLossesTax`	$44.00M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$272.00M	USD	2 Qtrs
Investments with no other-than-temporary impairment, tax provision (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodExcludingOtherThanTemporaryImpairmentLossesTax`	$-31.00M	USD	2 Qtrs
Investments with no other-than-temporary impairment, tax provision (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodExcludingOtherThanTemporaryImpairmentLossesTax`	$-2.00M	USD	1 Quarter
Investments with no other-than-temporary impairment, tax provision (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodExcludingOtherThanTemporaryImpairmentLossesTax`	$19.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$142.00M	USD	1 Quarter
Investments with other-than-temporary impairment, tax provision (benefit)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$-12.00M	USD	2 Qtrs
Investments with other-than-temporary impairment, tax provision (benefit)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$1.00M	USD	1 Quarter
Investments with other-than-temporary impairment, tax provision (benefit)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	$-12.00M	USD	1 Quarter
Investments with other-than-temporary impairment, tax provision (benefit)	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	-	USD	2 Qtrs
Investments with no other-than-temporary impairment, net of tax provision (benefit) of $19, $(2), $44 and $(31)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesWithNoOtherThanTemporaryImpairmentArisingDuringPeriodNetOfTax`	$242.00M	USD	2 Qtrs
Investments with no other-than-temporary impairment, net of tax provision (benefit) of $19, $(2), $44 and $(31)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesWithNoOtherThanTemporaryImpairmentArisingDuringPeriodNetOfTax`	$79.00M	USD	1 Quarter
Investments with no other-than-temporary impairment, net of tax provision (benefit) of $19, $(2), $44 and $(31)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesWithNoOtherThanTemporaryImpairmentArisingDuringPeriodNetOfTax`	$-63.00M	USD	1 Quarter
Investments with no other-than-temporary impairment, net of tax provision (benefit) of $19, $(2), $44 and $(31)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesWithNoOtherThanTemporaryImpairmentArisingDuringPeriodNetOfTax`	$-191.00M	USD	2 Qtrs
Investments with other-than-temporary impairment, net of tax provision (benefit) of $(12), $1, $(12) and $0	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities`	$43.00M	USD	2 Qtrs
Investments with other-than-temporary impairment, net of tax provision (benefit) of $(12), $1, $(12) and $0	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities`	$-4.00M	USD	2 Qtrs
Investments with other-than-temporary impairment, net of tax provision (benefit) of $(12), $1, $(12) and $0	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities`	$-6.00M	USD	1 Quarter
Investments with other-than-temporary impairment, net of tax provision (benefit) of $(12), $1, $(12) and $0	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities`	$48.00M	USD	1 Quarter
Change in net unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$199.00M	USD	2 Qtrs
Change in net unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$31.00M	USD	1 Quarter
Change in net unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-57.00M	USD	1 Quarter
Change in net unrealized gains (losses) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-187.00M	USD	2 Qtrs
Change in net unrealized gains (losses) on financial guaranty variable interest entities' liabilities with recourse resulting from a change in the instrument-specific credit risk, net of tax	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment`	$2.00M	USD	2 Qtrs
Change in net unrealized gains (losses) on financial guaranty variable interest entities' liabilities with recourse resulting from a change in the instrument-specific credit risk, net of tax	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment`	$4.00M	USD	1 Quarter
Change in net unrealized gains (losses) on financial guaranty variable interest entities' liabilities with recourse resulting from a change in the instrument-specific credit risk, net of tax	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment`	$4.00M	USD	2 Qtrs
Change in net unrealized gains (losses) on financial guaranty variable interest entities' liabilities with recourse resulting from a change in the instrument-specific credit risk, net of tax	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment`	$4.00M	USD	1 Quarter
Other, net of tax provision (benefit)	`OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent`	$-9.00M	USD	1 Quarter
Other, net of tax provision (benefit)	`OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent`	$-1.00M	USD	1 Quarter
Other, net of tax provision (benefit)	`OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent`	$-3.00M	USD	2 Qtrs
Other, net of tax provision (benefit)	`OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent`	$-1.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-62.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$34.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-188.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$202.00M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$84.00M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$176.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$398.00M	USD	2 Qtrs

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