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10-Q Filing

ASSURED GUARANTY LTD CIK: 1273813 Q3 2020
Filing Information
Form Type 10-Q
Accession Number 0001273813-20-000040
Period End Date 20200930
Filing Date 20201106
Fiscal Year 2020
Fiscal Period Q3
XBRL Instance ago-20200930_htm.xml
Balance Sheet 95 line items
Line Item Tag Value Unit Period
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $8,080 and $8,371, allowance for credit loss of $76 at September 30, 2020) DebtSecuritiesAvailableForSaleExcludingShortTermInvestments $8.56B USD Point-in-time
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $8,080 and $8,371, allowance for credit loss of $76 at September 30, 2020) DebtSecuritiesAvailableForSaleExcludingShortTermInvestments $8.85B USD Point-in-time
Short-term investments at fair value ShortTermInvestments $858.00M USD Point-in-time
Short-term investments at fair value ShortTermInvestments $1.27B USD Point-in-time
Other invested assets (includes $16 and $6 measured at fair value) OtherInvestments $118.00M USD Point-in-time
Other invested assets (includes $16 and $6 measured at fair value) OtherInvestments $113.00M USD Point-in-time
Amortized cost AvailableForSaleDebtSecuritiesAmortizedCostBasis $8.94B USD Point-in-time
Total investment portfolio Investments $10.24B USD Point-in-time
Amortized cost AvailableForSaleDebtSecuritiesAmortizedCostBasis $9.64B USD Point-in-time
Total investment portfolio Investments $9.53B USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss $75.00M USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss $76.00M USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss - USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss $185.00M USD Point-in-time
Cash Cash $223.00M USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss $191.00M USD Point-in-time
Cash Cash $229.00M USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss $191.00M USD Point-in-time
Cash Cash $169.00M USD Point-in-time
Premiums receivable, net of commissions payable PremiumsReceivableAtCarryingValue $1.29B USD Point-in-time
Premiums receivable, net of commissions payable PremiumsReceivableAtCarryingValue $1.32B USD Point-in-time
Other invested assets fair value disclosure OtherInvestmentsFairValueDisclosure $6.00M USD Point-in-time
Other invested assets fair value disclosure OtherInvestmentsFairValueDisclosure $16.00M USD Point-in-time
Deferred acquisition costs DeferredPolicyAcquisitionCosts $111.00M USD Point-in-time
Assets of consolidated investment vehicles, fair value disclosure AssetsofConsolidatedInvestmentVehiclesFairValueDisclosure $558.00M USD Point-in-time
Deferred acquisition costs DeferredPolicyAcquisitionCosts $118.00M USD Point-in-time
Assets of consolidated investment vehicles, fair value disclosure AssetsofConsolidatedInvestmentVehiclesFairValueDisclosure $1.30B USD Point-in-time
Other assets, fair value disclosure OtherAssetsFairValueDisclosure $135.00M USD Point-in-time
Salvage and subrogation recoverable SalvageAndSubrogationRecoveriesValue $961.00M USD Point-in-time
Other assets, fair value disclosure OtherAssetsFairValueDisclosure $155.00M USD Point-in-time
Salvage and subrogation recoverable SalvageAndSubrogationRecoveriesValue $747.00M USD Point-in-time
Liabilities of consolidated investment vehicles, fair value disclosure LiabilitiesofConsolidatedInvestmentVehiclesFairValueDisclosure $481.00M USD Point-in-time
Financial guaranty variable interest entities assets, at fair value FinancialGuarantyOfVariableInterestEntitiesAssetsHeld $442.00M USD Point-in-time
Financial guaranty variable interest entities assets, at fair value FinancialGuarantyOfVariableInterestEntitiesAssetsHeld $314.00M USD Point-in-time
Liabilities of consolidated investment vehicles, fair value disclosure LiabilitiesofConsolidatedInvestmentVehiclesFairValueDisclosure $930.00M USD Point-in-time
Common stock par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Assets of consolidated investment vehicles (includes $1,301 and $558 measured at fair value) AssetsofConsolidatedInvestmentVehicles $572.00M USD Point-in-time
Common stock par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Assets of consolidated investment vehicles (includes $1,301 and $558 measured at fair value) AssetsofConsolidatedInvestmentVehicles $1.54B USD Point-in-time
Goodwill and other intangible assets IntangibleAssetsNetIncludingGoodwill $216.00M USD Point-in-time
Goodwill and other intangible assets IntangibleAssetsNetIncludingGoodwill $206.00M 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
Common stock, shares issued (in shares) CommonStockSharesIssued 93.27M shares Point-in-time
Other assets (includes $155 and $135 measured at fair value) OtherAssets $543.00M USD Point-in-time
Other assets (includes $155 and $135 measured at fair value) OtherAssets $486.00M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 82.25M shares Point-in-time
Total assets Assets $14.33B USD Point-in-time
Total assets Assets $14.70B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 93.27M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 82.25M shares Point-in-time
Accumulated other comprehensive income, tax provision AociTaxAttributableToParent $71.00M USD Point-in-time
Accumulated other comprehensive income, tax provision AociTaxAttributableToParent $78.00M USD Point-in-time
Unearned premium reserve UnearnedPremiums $3.74B USD Point-in-time
Unearned premium reserve UnearnedPremiums $3.76B USD Point-in-time
Loss and loss adjustment expense reserve LiabilityForClaimsAndClaimsAdjustmentExpense $1.05B USD Point-in-time
Loss and loss adjustment expense reserve LiabilityForClaimsAndClaimsAdjustmentExpense $982.00M USD Point-in-time
Long-term debt LongTermDebt $1.24B USD Point-in-time
Long-term debt LongTermDebt $1.22B USD Point-in-time
Credit derivative liabilities, at fair value CreditRiskDerivativeLiabilitiesAtFairValue $191.00M USD Point-in-time
Credit derivative liabilities, at fair value CreditRiskDerivativeLiabilitiesAtFairValue $162.00M USD Point-in-time
Financial guaranty variable interest entities liabilities with recourse, at fair value VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithRecourse $336.00M USD Point-in-time
Financial guaranty variable interest entities liabilities with recourse, at fair value VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithRecourse $367.00M USD Point-in-time
Financial guaranty variable interest entities liabilities without recourse, at fair value VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithoutRecourse $102.00M USD Point-in-time
Financial guaranty variable interest entities liabilities without recourse, at fair value VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithoutRecourse $19.00M USD Point-in-time
Liabilities of consolidated investment vehicles (includes $930 and $481 measured at fair value) LiabilitiesofConsolidatedInvestmentsVehicles $1.09B USD Point-in-time
Liabilities of consolidated investment vehicles (includes $930 and $481 measured at fair value) LiabilitiesofConsolidatedInvestmentsVehicles $482.00M USD Point-in-time
Other liabilities OtherLiabilities $511.00M USD Point-in-time
Other liabilities OtherLiabilities $502.00M USD Point-in-time
Total liabilities Liabilities $7.67B USD Point-in-time
Total liabilities Liabilities $8.08B USD Point-in-time
Commitments and contingencies (see Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (see Note 13) CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests in consolidated investment vehicles RedeemableNoncontrollingInterestEquityOtherCarryingAmount $21.00M USD Point-in-time
Redeemable noncontrolling interests in consolidated investment vehicles RedeemableNoncontrollingInterestEquityOtherCarryingAmount $7.00M USD Point-in-time
Common stock ($0.01 par value, 500,000,000 shares authorized; 82,249,285 and 93,274,987 shares issued and outstanding) CommonStockValue $1.00M USD Point-in-time
Common stock ($0.01 par value, 500,000,000 shares authorized; 82,249,285 and 93,274,987 shares issued and outstanding) CommonStockValue $1.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.29B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.14B USD Point-in-time
Accumulated other comprehensive income, net of tax of $78 and $71 AccumulatedOtherComprehensiveIncomeLossNetOfTax $342.00M USD Point-in-time
Accumulated other comprehensive income, net of tax of $78 and $71 AccumulatedOtherComprehensiveIncomeLossNetOfTax $404.00M 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 attributable to Assured Guaranty Ltd. StockholdersEquity $6.55B USD Point-in-time
Total shareholders equity attributable to Assured Guaranty Ltd. StockholdersEquity $6.64B USD Point-in-time
Nonredeemable noncontrolling interests MinorityInterest $6.00M USD Point-in-time
Nonredeemable noncontrolling interests MinorityInterest $47.00M USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.72B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.60B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.55B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.49B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.65B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.64B USD Point-in-time
Total liabilities, redeemable noncontrolling interests and shareholders equity LiabilitiesAndStockholdersEquity $14.33B USD Point-in-time
Total liabilities, redeemable noncontrolling interests and shareholders equity LiabilitiesAndStockholdersEquity $14.70B USD Point-in-time
Income Statement 104 line items
Line Item Tag Value Unit Period
Net earned premiums PremiumsEarnedNet $123.00M USD 1 Quarter
Net earned premiums PremiumsEarnedNet $331.00M USD 3 Qtrs
Net earned premiums PremiumsEarnedNet $107.00M USD 1 Quarter
Net earned premiums PremiumsEarnedNet $353.00M USD 3 Qtrs
Net investment income NetInvestmentIncome $296.00M USD 3 Qtrs
Net investment income NetInvestmentIncome $71.00M USD 1 Quarter
Net investment income NetInvestmentIncome $88.00M USD 1 Quarter
Net investment income NetInvestmentIncome $229.00M USD 3 Qtrs
Asset management fees RevenueFromContractWithCustomerExcludingAssessedTax - USD 3 Qtrs
Asset management fees RevenueFromContractWithCustomerExcludingAssessedTax $60.00M USD 3 Qtrs
Asset management fees RevenueFromContractWithCustomerExcludingAssessedTax $17.00M USD 1 Quarter
Asset management fees RevenueFromContractWithCustomerExcludingAssessedTax - USD 1 Quarter
Net realized investment gains (losses) RealizedInvestmentGainsLosses $12.00M USD 3 Qtrs
Net realized investment gains (losses) RealizedInvestmentGainsLosses $12.00M USD 3 Qtrs
Net realized investment gains (losses) RealizedInvestmentGainsLosses $13.00M USD 1 Quarter
Net realized investment gains (losses) RealizedInvestmentGainsLosses $16.00M USD 1 Quarter
Net change in fair value of credit derivatives DerivativeGainLossOnDerivativeNet $5.00M USD 1 Quarter
Net change in fair value of credit derivatives DerivativeGainLossOnDerivativeNet $-3.00M USD 1 Quarter
Net change in fair value of credit derivatives DerivativeGainLossOnDerivativeNet $20.00M USD 3 Qtrs
Net change in fair value of credit derivatives DerivativeGainLossOnDerivativeNet $-25.00M USD 3 Qtrs
Fair value gains (losses) on financial guaranty variable interest entities VariableInterestEntityChangeinFairValue $-8.00M USD 3 Qtrs
Fair value gains (losses) on financial guaranty variable interest entities VariableInterestEntityChangeinFairValue - USD 1 Quarter
Fair value gains (losses) on financial guaranty variable interest entities VariableInterestEntityChangeinFairValue $4.00M USD 1 Quarter
Fair value gains (losses) on financial guaranty variable interest entities VariableInterestEntityChangeinFairValue $42.00M USD 3 Qtrs
Fair value gains (losses) on consolidated investment vehicles FairValueGainLossOnConsolidatedInvestmentVehicles $37.00M USD 3 Qtrs
Fair value gains (losses) on consolidated investment vehicles FairValueGainLossOnConsolidatedInvestmentVehicles - USD 1 Quarter
Fair value gains (losses) on consolidated investment vehicles FairValueGainLossOnConsolidatedInvestmentVehicles - USD 3 Qtrs
Fair value gains (losses) on consolidated investment vehicles FairValueGainLossOnConsolidatedInvestmentVehicles $18.00M USD 1 Quarter
Foreign exchange gains (losses) on remeasurement ForeignCurrencyTransactionGainLossBeforeTax $-21.00M USD 1 Quarter
Foreign exchange gains (losses) on remeasurement ForeignCurrencyTransactionGainLossBeforeTax $-20.00M USD 3 Qtrs
Foreign exchange gains (losses) on remeasurement ForeignCurrencyTransactionGainLossBeforeTax $-24.00M USD 3 Qtrs
Foreign exchange gains (losses) on remeasurement ForeignCurrencyTransactionGainLossBeforeTax $40.00M USD 1 Quarter
Commutation gains (losses) CommutationsGainLoss - USD 1 Quarter
Commutation gains (losses) CommutationsGainLoss $38.00M USD 3 Qtrs
Commutation gains (losses) CommutationsGainLoss $1.00M USD 3 Qtrs
Commutation gains (losses) CommutationsGainLoss - USD 1 Quarter
Other income (loss) OtherIncome $37.00M USD 3 Qtrs
Other income (loss) OtherIncome $12.00M USD 3 Qtrs
Other income (loss) OtherIncome $5.00M USD 1 Quarter
Other income (loss) OtherIncome $-9.00M USD 1 Quarter
Total revenues Revenues $667.00M USD 3 Qtrs
Total revenues Revenues $736.00M USD 3 Qtrs
Total revenues Revenues $268.00M USD 1 Quarter
Total revenues Revenues $206.00M USD 1 Quarter
Loss and loss adjustment expenses PolicyholderBenefitsAndClaimsIncurredNet $75.00M USD 3 Qtrs
Loss and loss adjustment expenses PolicyholderBenefitsAndClaimsIncurredNet $30.00M USD 1 Quarter
Loss and loss adjustment expenses PolicyholderBenefitsAndClaimsIncurredNet $73.00M USD 1 Quarter
Loss and loss adjustment expenses PolicyholderBenefitsAndClaimsIncurredNet $130.00M USD 3 Qtrs
Interest expense InterestExpense $64.00M USD 3 Qtrs
Interest expense InterestExpense $67.00M USD 3 Qtrs
Interest expense InterestExpense $21.00M USD 1 Quarter
Interest expense InterestExpense $22.00M USD 1 Quarter
Amortization of deferred acquisition costs DeferredPolicyAcquisitionCostAmortizationExpense $13.00M USD 3 Qtrs
Amortization of deferred acquisition costs DeferredPolicyAcquisitionCostAmortizationExpense $11.00M USD 3 Qtrs
Amortization of deferred acquisition costs DeferredPolicyAcquisitionCostAmortizationExpense $4.00M USD 1 Quarter
Amortization of deferred acquisition costs DeferredPolicyAcquisitionCostAmortizationExpense $3.00M USD 1 Quarter
Employee compensation and benefit expenses EmployeeBenefitsAndShareBasedCompensation $38.00M USD 1 Quarter
Employee compensation and benefit expenses EmployeeBenefitsAndShareBasedCompensation $118.00M USD 3 Qtrs
Employee compensation and benefit expenses EmployeeBenefitsAndShareBasedCompensation $167.00M USD 3 Qtrs
Employee compensation and benefit expenses EmployeeBenefitsAndShareBasedCompensation $57.00M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $71.00M USD 3 Qtrs
Other operating expenses OtherCostAndExpenseOperating $41.00M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $128.00M USD 3 Qtrs
Other operating expenses OtherCostAndExpenseOperating $27.00M USD 1 Quarter
Total expenses BenefitsLossesAndExpenses $500.00M USD 3 Qtrs
Total expenses BenefitsLossesAndExpenses $344.00M USD 3 Qtrs
Total expenses BenefitsLossesAndExpenses $120.00M USD 1 Quarter
Total expenses BenefitsLossesAndExpenses $196.00M USD 1 Quarter
Income (loss) before income taxes and equity in net earnings of investees IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $72.00M USD 1 Quarter
Income (loss) before income taxes and equity in net earnings of investees IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $236.00M USD 3 Qtrs
Income (loss) before income taxes and equity in net earnings of investees IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $323.00M USD 3 Qtrs
Income (loss) before income taxes and equity in net earnings of investees IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $86.00M USD 1 Quarter
Equity in net earnings of investees EquitySecuritiesFvNiRealizedGainLoss - USD 1 Quarter
Equity in net earnings of investees EquitySecuritiesFvNiRealizedGainLoss $3.00M USD 3 Qtrs
Equity in net earnings of investees EquitySecuritiesFvNiRealizedGainLoss $7.00M USD 1 Quarter
Equity in net earnings of investees EquitySecuritiesFvNiRealizedGainLoss $3.00M USD 3 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $239.00M USD 3 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $326.00M USD 3 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $79.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $86.00M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $17.00M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-10.00M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $20.00M USD 3 Qtrs
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $61.00M USD 3 Qtrs
Net income (loss) ProfitLoss $265.00M USD 3 Qtrs
Net income (loss) ProfitLoss $219.00M USD 3 Qtrs
Net income (loss) ProfitLoss $89.00M USD 1 Quarter
Net income (loss) ProfitLoss $69.00M USD 1 Quarter
Less: Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $5.00M USD 3 Qtrs
Less: Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Less: Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Less: Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 3 Qtrs
Net income (loss) attributable to Assured Guaranty Ltd. NetIncomeLoss $69.00M USD 1 Quarter
Net income (loss) attributable to Assured Guaranty Ltd. NetIncomeLoss $86.00M USD 1 Quarter
Net income (loss) attributable to Assured Guaranty Ltd. NetIncomeLoss $214.00M USD 3 Qtrs
Net income (loss) attributable to Assured Guaranty Ltd. NetIncomeLoss $265.00M USD 3 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $2.45 USD 3 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $0.71 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.03 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $2.63 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $0.70 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.43 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $1.02 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.61 USD 3 Qtrs
Cash Flow Statement 75 line items
Line Item Tag Value Unit Period
Net cash flows provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-365.00M USD 3 Qtrs
Net cash flows provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-664.00M USD 3 Qtrs
Purchases PaymentsToAcquireAvailableForSaleSecuritiesDebt $688.00M USD 3 Qtrs
Purchases PaymentsToAcquireAvailableForSaleSecuritiesDebt $856.00M USD 3 Qtrs
Sales ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $405.00M USD 1 Quarter
Sales ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $137.00M USD 1 Quarter
Sales ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $627.00M USD 3 Qtrs
Sales ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $1.31B USD 3 Qtrs
Maturities and paydowns ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $642.00M USD 3 Qtrs
Maturities and paydowns ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $664.00M USD 3 Qtrs
Purchases PaymentsToAcquireShortTermInvestments $238.00M USD 3 Qtrs
Purchases PaymentsToAcquireShortTermInvestments $216.00M USD 3 Qtrs
Sales ProceedsFromSaleOfShortTermInvestments $2.00M USD 3 Qtrs
Sales ProceedsFromSaleOfShortTermInvestments $41.00M USD 3 Qtrs
Maturities and paydowns ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments $206.00M USD 3 Qtrs
Maturities and paydowns ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments $198.00M USD 3 Qtrs
Net sales (purchases) of short-term investments with original maturities of less than three months PaymentsforProceedsfromShorttermInvestmentswithMaturitiesofLessThanThreeMonths $-415.00M USD 3 Qtrs
Net sales (purchases) of short-term investments with original maturities of less than three months PaymentsforProceedsfromShorttermInvestmentswithMaturitiesofLessThanThreeMonths $404.00M USD 3 Qtrs
Paydowns on financial guaranty variable interest entities assets ProceedsfromPaydownsonFinancialGuarantyVariableInterestEntitiesAssets $67.00M USD 3 Qtrs
Paydowns on financial guaranty variable interest entities assets ProceedsfromPaydownsonFinancialGuarantyVariableInterestEntitiesAssets $119.00M USD 3 Qtrs
Sales of financial guaranty variable interest entities' assets ProceedsfromSaleofFinancialGuarantyVariableInterestEntitiesAssets $51.00M USD 3 Qtrs
Sales of financial guaranty variable interest entities' assets ProceedsfromSaleofFinancialGuarantyVariableInterestEntitiesAssets - USD 3 Qtrs
Sales and return of capital of other invested assets ProceedsFromSaleOfOtherAssetsInvestingActivities $35.00M USD 3 Qtrs
Sales and return of capital of other invested assets ProceedsFromSaleOfOtherAssetsInvestingActivities $21.00M USD 3 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $11.00M USD 3 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $5.00M USD 3 Qtrs
Net cash flows provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $906.00M USD 3 Qtrs
Net cash flows provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $1.07B USD 3 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $53.00M USD 3 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $56.00M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $320.00M USD 3 Qtrs
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $340.00M USD 3 Qtrs
Net paydowns of financial guaranty variable interest entities liabilities PaydownOfFinancialGuarantyVariableInterestEntitiesLiabilities $162.00M USD 3 Qtrs
Net paydowns of financial guaranty variable interest entities liabilities PaydownOfFinancialGuarantyVariableInterestEntitiesLiabilities $63.00M USD 3 Qtrs
Paydown of long-term debt RepaymentsOfLongTermDebt $4.00M USD 3 Qtrs
Paydown of long-term debt RepaymentsOfLongTermDebt $22.00M USD 3 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-16.00M USD 3 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-12.00M USD 3 Qtrs
Proceeds from issuance of collateralized loan obligations ProceedsFromIssuanceOfFinancialServicesObligations $361.00M USD 3 Qtrs
Proceeds from issuance of collateralized loan obligations ProceedsFromIssuanceOfFinancialServicesObligations - USD 3 Qtrs
Proceeds from issuance of warehouse financing debt ProceedsFromIssuanceOfLongTermDebt - USD 3 Qtrs
Proceeds from issuance of warehouse financing debt ProceedsFromIssuanceOfLongTermDebt $47.00M USD 3 Qtrs
Contributions from noncontrolling interests to investment vehicles ContributionsFromNoncontrollingInterestsToInvestmentVehicles - USD 3 Qtrs
Contributions from noncontrolling interests to investment vehicles ContributionsFromNoncontrollingInterestsToInvestmentVehicles $69.00M USD 3 Qtrs
Distributions to noncontrolling interests from investment vehicles DistributionsToNoncontrollingInterestsFromInvestmentVehicles $19.00M USD 3 Qtrs
Distributions to noncontrolling interests from investment vehicles DistributionsToNoncontrollingInterestsFromInvestmentVehicles - USD 3 Qtrs
Net cash flows provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-578.00M USD 3 Qtrs
Net cash flows provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-12.00M USD 3 Qtrs
Effect of foreign exchange rate changes EffectOfExchangeRateOnCashAndCashEquivalents $-2.00M USD 3 Qtrs
Effect of foreign exchange rate changes EffectOfExchangeRateOnCashAndCashEquivalents $-7.00M USD 3 Qtrs
Increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $223.00M USD 3 Qtrs
Increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $125.00M USD 3 Qtrs
Cash and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $104.00M USD Point-in-time
Cash and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $406.00M USD Point-in-time
Cash and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $183.00M USD Point-in-time
Cash and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $229.00M USD Point-in-time
Income taxes IncomeTaxesPaid $1.00M USD 3 Qtrs
Income taxes ProceedsFromIncomeTaxRefunds $2.00M USD 3 Qtrs
Interest on long-term debt InterestPaidNet $51.00M USD 3 Qtrs
Interest on long-term debt InterestPaidNet $49.00M USD 3 Qtrs
Purchases of fixed-maturity investments NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 $1.00M USD 3 Qtrs
Purchases of fixed-maturity investments NoncashOrPartNoncashAcquisitionInvestmentsAcquired1 $188.00M USD 3 Qtrs
Sales of fixed-maturity investments NonCashOrPartNonCashAcquisitionInvestmentsSold $1.00M USD 3 Qtrs
Sales of fixed-maturity investments NonCashOrPartNonCashAcquisitionInvestmentsSold $44.00M USD 3 Qtrs
Cash Cash $223.00M USD Point-in-time
Cash Cash $229.00M USD Point-in-time
Cash Cash $169.00M USD Point-in-time
Restricted cash (included in other assets) RestrictedCash - USD Point-in-time
Restricted cash (included in other assets) RestrictedCash $1.00M USD Point-in-time
Cash of consolidated investment vehicles (see Note 11) CashofConsolidatedInvestmentVehicles - USD Point-in-time
Cash of consolidated investment vehicles (see Note 11) CashofConsolidatedInvestmentVehicles $182.00M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $104.00M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $406.00M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $183.00M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $229.00M USD Point-in-time
Stockholders Equity 42 line items
Line Item Tag Value Unit Period
Dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.54 USD 3 Qtrs
Dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.60 USD 3 Qtrs
Dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.18 USD 1 Quarter
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.72B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.60B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.55B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.49B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.65B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.64B USD Point-in-time
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $265.00M USD 3 Qtrs
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $88.00M USD 1 Quarter
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $69.00M USD 1 Quarter
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $220.00M USD 3 Qtrs
Dividends DividendsCommonStockCash $17.00M USD 1 Quarter
Dividends DividendsCommonStockCash $18.00M USD 1 Quarter
Dividends DividendsCommonStockCash $53.00M USD 3 Qtrs
Dividends DividendsCommonStockCash $56.00M USD 3 Qtrs
Reallocation of ownership interests NonRedeemableNoncontrollingInterestEquityOtherReallocationofOwnershipInterests - USD 1 Quarter
Reallocation of ownership interests NonRedeemableNoncontrollingInterestEquityOtherReallocationofOwnershipInterests $-10.00M USD 3 Qtrs
Contributions NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $3.00M USD 1 Quarter
Contributions NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $44.00M USD 3 Qtrs
Common stock repurchases StockRepurchasedAndRetiredDuringPeriodValue $340.00M USD 3 Qtrs
Common stock repurchases StockRepurchasedAndRetiredDuringPeriodValue $320.00M USD 3 Qtrs
Common stock repurchases StockRepurchasedAndRetiredDuringPeriodValue $40.00M USD 1 Quarter
Common stock repurchases StockRepurchasedAndRetiredDuringPeriodValue $150.00M USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $7.00M USD 3 Qtrs
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $5.00M USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $5.00M USD 1 Quarter
Share based compensation StockIssuedDuringPeriodValueShareBasedCompensation $2.00M USD 3 Qtrs
Distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $19.00M USD 3 Qtrs
Distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $3.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $71.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $62.00M USD 3 Qtrs
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $24.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $226.00M USD 3 Qtrs
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.72B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.60B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.55B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.49B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.65B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.64B USD Point-in-time
Comprehensive Income 48 line items
Line Item Tag Value Unit Period
Investments with no credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentTax $7.00M USD 1 Quarter
Net income (loss) ProfitLoss $265.00M USD 3 Qtrs
Investments with no credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentTax $7.00M USD 1 Quarter
Investments with no credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentTax $11.00M USD 3 Qtrs
Net income (loss) ProfitLoss $219.00M USD 3 Qtrs
Investments with no credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentTax $51.00M USD 3 Qtrs
Net income (loss) ProfitLoss $89.00M USD 1 Quarter
Net income (loss) ProfitLoss $69.00M USD 1 Quarter
Investments with credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentTax $2.00M USD 1 Quarter
Investments with credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentTax $14.00M USD 3 Qtrs
Investments with credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentTax $-2.00M USD 1 Quarter
Investments with credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentTax $5.00M USD 3 Qtrs
Investments with no credit impairment recognized in the statement of operations, net of tax provision (benefit) of $7, $7, $11 and $51 OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentNetofTax $67.00M USD 1 Quarter
Investments with no credit impairment recognized in the statement of operations, net of tax provision (benefit) of $7, $7, $11 and $51 OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentNetofTax $275.00M USD 3 Qtrs
Investments with no credit impairment recognized in the statement of operations, net of tax provision (benefit) of $7, $7, $11 and $51 OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentNetofTax $80.00M USD 3 Qtrs
Investments with no credit impairment recognized in the statement of operations, net of tax provision (benefit) of $7, $7, $11 and $51 OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentNetofTax $33.00M USD 1 Quarter
Investments with credit impairment recognized in the statement of operations, net of tax provision (benefit) of $2, $(2), $(5) and $(14) OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentNetofTax $8.00M USD 1 Quarter
Investments with credit impairment recognized in the statement of operations, net of tax provision (benefit) of $2, $(2), $(5) and $(14) OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentNetofTax $-9.00M USD 1 Quarter
Investments with credit impairment recognized in the statement of operations, net of tax provision (benefit) of $2, $(2), $(5) and $(14) OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentNetofTax $-19.00M USD 3 Qtrs
Investments with credit impairment recognized in the statement of operations, net of tax provision (benefit) of $2, $(2), $(5) and $(14) OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentNetofTax $-52.00M USD 3 Qtrs
Change in net unrealized gains (losses) on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $75.00M USD 1 Quarter
Change in net unrealized gains (losses) on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $61.00M USD 3 Qtrs
Change in net unrealized gains (losses) on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $223.00M USD 3 Qtrs
Change in net unrealized gains (losses) on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $24.00M USD 1 Quarter
Change in net unrealized gains (losses) on financial guaranty variable interest entities' liabilities with recourse, net of tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment $1.00M USD 3 Qtrs
Change in net unrealized gains (losses) on financial guaranty variable interest entities' liabilities with recourse, net of tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment $-4.00M USD 1 Quarter
Change in net unrealized gains (losses) on financial guaranty variable interest entities' liabilities with recourse, net of tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment - USD 1 Quarter
Change in net unrealized gains (losses) on financial guaranty variable interest entities' liabilities with recourse, net of tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment $4.00M USD 3 Qtrs
Other, net of tax provision (benefit) OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent - USD 3 Qtrs
Other, net of tax provision (benefit) OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent - USD 1 Quarter
Other, net of tax provision (benefit) OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent $-1.00M USD 3 Qtrs
Other, net of tax provision (benefit) OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent - USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $71.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $24.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $62.00M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $226.00M USD 3 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $281.00M USD 3 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $160.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $491.00M USD 3 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $93.00M USD 1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $5.00M USD 3 Qtrs
Comprehensive income (loss) attributable to Assured Guaranty Ltd. ComprehensiveIncomeNetOfTax $276.00M USD 3 Qtrs
Comprehensive income (loss) attributable to Assured Guaranty Ltd. ComprehensiveIncomeNetOfTax $157.00M USD 1 Quarter
Comprehensive income (loss) attributable to Assured Guaranty Ltd. ComprehensiveIncomeNetOfTax $93.00M USD 1 Quarter
Comprehensive income (loss) attributable to Assured Guaranty Ltd. ComprehensiveIncomeNetOfTax $491.00M USD 3 Qtrs

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

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