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10-Q Filing

ASSURED GUARANTY LTD CIK: 1273813 Q3 2021
Filing Information
Form Type 10-Q
Accession Number 0001273813-21-000062
Period End Date 20210930
Filing Date 20211105
Fiscal Year 2021
Fiscal Period Q3
XBRL Instance ago-20210930_htm.xml
Balance Sheet 95 line items
Line Item Tag Value Unit Period
Fixed-maturity securities, available-for-sale, at fair value, net of allowance for credit loss of $35 and $78 (amortized cost of $8,188 and $8,204) DebtSecuritiesAvailableForSaleExcludingShortTermInvestments $8.66B USD Point-in-time
Fixed-maturity securities, available-for-sale, at fair value, net of allowance for credit loss of $35 and $78 (amortized cost of $8,188 and $8,204) DebtSecuritiesAvailableForSaleExcludingShortTermInvestments $8.77B USD Point-in-time
Short-term investments, at fair value ShortTermInvestments $851.00M USD Point-in-time
Short-term investments, at fair value ShortTermInvestments $694.00M USD Point-in-time
Other invested assets (includes $132 and $106, at fair value) OtherInvestments $214.00M USD Point-in-time
Other invested assets (includes $132 and $106, at fair value) OtherInvestments $260.00M USD Point-in-time
Total investments Investments $9.62B USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest $78.00M USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest $35.00M USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest - USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest $75.00M USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest $76.00M USD Point-in-time
Allowance for credit loss DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest $39.00M USD Point-in-time
Total investments Investments $9.84B USD Point-in-time
Cash Cash $162.00M USD Point-in-time
Cash Cash $223.00M USD Point-in-time
Amortized cost DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss $9.05B USD Point-in-time
Cash Cash $101.00M USD Point-in-time
Amortized cost DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss $8.88B USD Point-in-time
Premiums receivable, net of commissions payable PremiumsReceivableAtCarryingValue $1.37B USD Point-in-time
Premiums receivable, net of commissions payable PremiumsReceivableAtCarryingValue $1.38B USD Point-in-time
Other invested assets fair value disclosure OtherInvestmentsFairValueDisclosure $132.00M USD Point-in-time
Other invested assets fair value disclosure OtherInvestmentsFairValueDisclosure $106.00M USD Point-in-time
Assets of consolidated investment vehicles, fair value disclosure AssetsofConsolidatedInvestmentVehiclesFairValueDisclosure $4.12B USD Point-in-time
Deferred acquisition costs DeferredPolicyAcquisitionCosts $129.00M USD Point-in-time
Deferred acquisition costs DeferredPolicyAcquisitionCosts $119.00M USD Point-in-time
Assets of consolidated investment vehicles, fair value disclosure AssetsofConsolidatedInvestmentVehiclesFairValueDisclosure $1.73B USD Point-in-time
Salvage and subrogation recoverable SalvageAndSubrogationRecoveriesValue $1.15B USD Point-in-time
Other assets, fair value disclosure OtherAssetsFairValueDisclosure $145.00M USD Point-in-time
Salvage and subrogation recoverable SalvageAndSubrogationRecoveriesValue $991.00M USD Point-in-time
Other assets, fair value disclosure OtherAssetsFairValueDisclosure $127.00M USD Point-in-time
Financial guaranty variable interest entities assets, at fair value FinancialGuarantyOfVariableInterestEntitiesAssetsHeld $296.00M USD Point-in-time
Financial guaranty variable interest entities assets, at fair value FinancialGuarantyOfVariableInterestEntitiesAssetsHeld $271.00M USD Point-in-time
Liabilities of consolidated investment vehicles, fair value disclosure LiabilitiesofConsolidatedInvestmentVehiclesFairValueDisclosure $1.30B USD Point-in-time
Liabilities of consolidated investment vehicles, fair value disclosure LiabilitiesofConsolidatedInvestmentVehiclesFairValueDisclosure $3.24B 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 $4,116 and $1,727, at fair value) AssetsofConsolidatedInvestmentVehicles $1.91B 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 $4,116 and $1,727, at fair value) AssetsofConsolidatedInvestmentVehicles $4.37B USD Point-in-time
Goodwill and other intangible assets IntangibleAssetsNetIncludingGoodwill $203.00M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Goodwill and other intangible assets IntangibleAssetsNetIncludingGoodwill $178.00M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 71.24M shares Point-in-time
Other assets (includes $127 and $145, at fair value) OtherAssets $421.00M USD Point-in-time
Other assets (includes $127 and $145, at fair value) OtherAssets $440.00M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 77.55M shares Point-in-time
Total assets Assets $17.61B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 71.24M shares Point-in-time
Total assets Assets $15.33B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 77.55M shares Point-in-time
Accumulated other comprehensive income, tax provision AociTaxAttributableToParent $89.00M USD Point-in-time
Accumulated other comprehensive income, tax provision AociTaxAttributableToParent $74.00M USD Point-in-time
Unearned premium reserve UnearnedPremiums $3.72B USD Point-in-time
Unearned premium reserve UnearnedPremiums $3.73B USD Point-in-time
Loss and loss adjustment expense reserve LiabilityForClaimsAndClaimsAdjustmentExpense $981.00M USD Point-in-time
Loss and loss adjustment expense reserve LiabilityForClaimsAndClaimsAdjustmentExpense $1.09B USD Point-in-time
Long-term debt LongTermDebt $1.67B USD Point-in-time
Long-term debt LongTermDebt $1.22B USD Point-in-time
Credit derivative liabilities, at fair value CreditRiskDerivativeLiabilitiesAtFairValue $137.00M USD Point-in-time
Credit derivative liabilities, at fair value CreditRiskDerivativeLiabilitiesAtFairValue $103.00M USD Point-in-time
Financial guaranty variable interest entities liabilities with recourse, at fair value VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithRecourse $281.00M USD Point-in-time
Financial guaranty variable interest entities liabilities with recourse, at fair value VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithRecourse $316.00M USD Point-in-time
Financial guaranty variable interest entities liabilities without recourse, at fair value VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithoutRecourse $17.00M USD Point-in-time
Financial guaranty variable interest entities liabilities without recourse, at fair value VariableInterestEntityConsolidatedCarryingAmountLiabilitiesWithoutRecourse $20.00M USD Point-in-time
Liabilities of consolidated investment vehicles (includes $3,243 and $1,299, at fair value) LiabilitiesofConsolidatedInvestmentsVehicles $1.59B USD Point-in-time
Liabilities of consolidated investment vehicles (includes $3,243 and $1,299, at fair value) LiabilitiesofConsolidatedInvestmentsVehicles $3.89B USD Point-in-time
Other liabilities OtherLiabilities $556.00M USD Point-in-time
Other liabilities OtherLiabilities $526.00M USD Point-in-time
Total liabilities Liabilities $8.63B USD Point-in-time
Total liabilities Liabilities $11.22B USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests (Note 9) RedeemableNoncontrollingInterestEquityOtherCarryingAmount $21.00M USD Point-in-time
Redeemable noncontrolling interests (Note 9) RedeemableNoncontrollingInterestEquityOtherCarryingAmount $21.00M USD Point-in-time
Common shares ($0.01 par value, 500,000,000 shares authorized; 71,241,940 and 77,546,896 shares issued and outstanding) CommonStockValue $1.00M USD Point-in-time
Common shares ($0.01 par value, 500,000,000 shares authorized; 71,241,940 and 77,546,896 shares issued and outstanding) CommonStockValue $1.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.14B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.92B USD Point-in-time
Accumulated other comprehensive income, net of tax of $74 and $89 AccumulatedOtherComprehensiveIncomeLossNetOfTax $498.00M USD Point-in-time
Accumulated other comprehensive income, net of tax of $74 and $89 AccumulatedOtherComprehensiveIncomeLossNetOfTax $374.00M 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 $6.30B USD Point-in-time
Total shareholders equity attributable to Assured Guaranty Ltd. StockholdersEquity $6.64B USD Point-in-time
Nonredeemable noncontrolling interests (Note 9) MinorityInterest $75.00M USD Point-in-time
Nonredeemable noncontrolling interests (Note 9) MinorityInterest $41.00M USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.60B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.38B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.49B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.55B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.68B USD Point-in-time
Total shareholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.64B USD Point-in-time
Total liabilities, redeemable noncontrolling interests and shareholders equity LiabilitiesAndStockholdersEquity $17.61B USD Point-in-time
Total liabilities, redeemable noncontrolling interests and shareholders equity LiabilitiesAndStockholdersEquity $15.33B USD Point-in-time
Income Statement 112 line items
Line Item Tag Value Unit Period
Net earned premiums PremiumsEarnedNet $102.00M USD 1 Quarter
Net earned premiums PremiumsEarnedNet $331.00M USD 3 Qtrs
Net earned premiums PremiumsEarnedNet $307.00M USD 3 Qtrs
Net earned premiums PremiumsEarnedNet $107.00M USD 1 Quarter
Net investment income NetInvestmentIncome $204.00M USD 3 Qtrs
Net investment income NetInvestmentIncome $229.00M USD 3 Qtrs
Net investment income NetInvestmentIncome $66.00M USD 1 Quarter
Net investment income NetInvestmentIncome $71.00M USD 1 Quarter
Asset management fees RevenueFromContractWithCustomerExcludingAssessedTax $20.00M USD 1 Quarter
Asset management fees RevenueFromContractWithCustomerExcludingAssessedTax $65.00M USD 3 Qtrs
Asset management fees RevenueFromContractWithCustomerExcludingAssessedTax $17.00M USD 1 Quarter
Asset management fees RevenueFromContractWithCustomerExcludingAssessedTax $60.00M USD 3 Qtrs
Net realized investment gains (losses) RealizedInvestmentGainsLosses $13.00M USD 1 Quarter
Net realized investment gains (losses) RealizedInvestmentGainsLosses $4.00M USD 3 Qtrs
Net realized investment gains (losses) RealizedInvestmentGainsLosses $12.00M USD 3 Qtrs
Net realized investment gains (losses) RealizedInvestmentGainsLosses $3.00M USD 1 Quarter
Fair value gains (losses) on credit derivatives DerivativeGainLossOnDerivativeNet $21.00M USD 1 Quarter
Fair value gains (losses) on credit derivatives DerivativeGainLossOnDerivativeNet $-3.00M USD 1 Quarter
Fair value gains (losses) on credit derivatives DerivativeGainLossOnDerivativeNet $-31.00M USD 3 Qtrs
Fair value gains (losses) on credit derivatives DerivativeGainLossOnDerivativeNet $20.00M USD 3 Qtrs
Fair value gains (losses) on committed capital securities FairValueGainLossOnCommittedCapitalSecurities $-3.00M USD 1 Quarter
Fair value gains (losses) on committed capital securities FairValueGainLossOnCommittedCapitalSecurities $-10.00M USD 1 Quarter
Fair value gains (losses) on committed capital securities FairValueGainLossOnCommittedCapitalSecurities $13.00M USD 3 Qtrs
Fair value gains (losses) on committed capital securities FairValueGainLossOnCommittedCapitalSecurities $-28.00M USD 3 Qtrs
Fair value gains (losses) on financial guaranty variable interest entities VariableInterestEntityChangeinFairValue $18.00M 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 $5.00M USD 1 Quarter
Fair value gains (losses) on financial guaranty variable interest entities VariableInterestEntityChangeinFairValue $-8.00M USD 3 Qtrs
Fair value gains (losses) on consolidated investment vehicles FairValueGainLossOnConsolidatedInvestmentVehicles $16.00M USD 1 Quarter
Fair value gains (losses) on consolidated investment vehicles FairValueGainLossOnConsolidatedInvestmentVehicles $37.00M USD 3 Qtrs
Fair value gains (losses) on consolidated investment vehicles FairValueGainLossOnConsolidatedInvestmentVehicles $18.00M USD 1 Quarter
Fair value gains (losses) on consolidated investment vehicles FairValueGainLossOnConsolidatedInvestmentVehicles $53.00M USD 3 Qtrs
Foreign exchange gains (losses) on remeasurement ForeignCurrencyTransactionGainLossBeforeTax $-22.00M USD 3 Qtrs
Foreign exchange gains (losses) on remeasurement ForeignCurrencyTransactionGainLossBeforeTax $-27.00M USD 1 Quarter
Foreign exchange gains (losses) on remeasurement ForeignCurrencyTransactionGainLossBeforeTax $-20.00M USD 3 Qtrs
Foreign exchange gains (losses) on remeasurement ForeignCurrencyTransactionGainLossBeforeTax $40.00M USD 1 Quarter
Commutation gain (losses) CommutationsGainLoss - USD 3 Qtrs
Commutation gain (losses) CommutationsGainLoss - USD 1 Quarter
Commutation gain (losses) CommutationsGainLoss $38.00M USD 3 Qtrs
Commutation gain (losses) CommutationsGainLoss - USD 1 Quarter
Other income (loss) OtherIncome $24.00M USD 3 Qtrs
Other income (loss) OtherIncome $15.00M USD 1 Quarter
Other income (loss) OtherIncome $9.00M USD 1 Quarter
Other income (loss) OtherIncome $15.00M USD 3 Qtrs
Total revenues Revenues $736.00M USD 3 Qtrs
Total revenues Revenues $585.00M USD 3 Qtrs
Total revenues Revenues $268.00M USD 1 Quarter
Total revenues Revenues $212.00M USD 1 Quarter
Loss and loss adjustment expenses (benefit) PolicyholderBenefitsAndClaimsIncurredNet $130.00M USD 3 Qtrs
Loss and loss adjustment expenses (benefit) PolicyholderBenefitsAndClaimsIncurredNet $73.00M USD 1 Quarter
Loss and loss adjustment expenses (benefit) PolicyholderBenefitsAndClaimsIncurredNet $-54.00M USD 3 Qtrs
Loss and loss adjustment expenses (benefit) PolicyholderBenefitsAndClaimsIncurredNet $-68.00M USD 1 Quarter
Interest expense InterestExpense $21.00M USD 1 Quarter
Interest expense InterestExpense $23.00M USD 1 Quarter
Interest expense InterestExpense $64.00M USD 3 Qtrs
Interest expense InterestExpense $67.00M USD 3 Qtrs
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt - USD 3 Qtrs
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-175.00M USD 3 Qtrs
Loss on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $-175.00M USD 1 Quarter
Amortization of deferred acquisition costs DeferredPolicyAcquisitionCostAmortizationExpense $11.00M USD 3 Qtrs
Amortization of deferred acquisition costs DeferredPolicyAcquisitionCostAmortizationExpense $3.00M USD 1 Quarter
Amortization of deferred acquisition costs DeferredPolicyAcquisitionCostAmortizationExpense $4.00M USD 1 Quarter
Amortization of deferred acquisition costs DeferredPolicyAcquisitionCostAmortizationExpense $10.00M USD 3 Qtrs
Employee compensation and benefit expenses EmployeeBenefitsAndShareBasedCompensation $57.00M USD 1 Quarter
Employee compensation and benefit expenses EmployeeBenefitsAndShareBasedCompensation $59.00M USD 1 Quarter
Employee compensation and benefit expenses EmployeeBenefitsAndShareBasedCompensation $167.00M USD 3 Qtrs
Employee compensation and benefit expenses EmployeeBenefitsAndShareBasedCompensation $173.00M 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 $135.00M USD 3 Qtrs
Other operating expenses OtherCostAndExpenseOperating $38.00M USD 1 Quarter
Total expenses BenefitsLossesAndExpenses $196.00M USD 1 Quarter
Total expenses BenefitsLossesAndExpenses $230.00M USD 1 Quarter
Total expenses BenefitsLossesAndExpenses $500.00M USD 3 Qtrs
Total expenses BenefitsLossesAndExpenses $506.00M USD 3 Qtrs
Income (loss) before income taxes and equity in earnings of investees IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $236.00M USD 3 Qtrs
Income (loss) before income taxes and equity in earnings of investees IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-18.00M USD 1 Quarter
Income (loss) before income taxes and equity in earnings of investees IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $72.00M USD 1 Quarter
Income (loss) before income taxes and equity in earnings of investees IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $79.00M USD 3 Qtrs
Equity in earnings of investees EquitySecuritiesFvNiRealizedGainLoss $7.00M USD 1 Quarter
Equity in earnings of investees EquitySecuritiesFvNiRealizedGainLoss $23.00M USD 1 Quarter
Equity in earnings of investees EquitySecuritiesFvNiRealizedGainLoss $66.00M USD 3 Qtrs
Equity in earnings of investees EquitySecuritiesFvNiRealizedGainLoss $3.00M USD 3 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.00M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $145.00M USD 3 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $239.00M USD 3 Qtrs
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $79.00M USD 1 Quarter
Less: Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-10.00M USD 1 Quarter
Less: Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-15.00M USD 1 Quarter
Less: Provision (benefit) for income taxes IncomeTaxExpenseBenefit $20.00M USD 3 Qtrs
Less: Provision (benefit) for income taxes IncomeTaxExpenseBenefit $8.00M USD 3 Qtrs
Net income (loss) ProfitLoss $89.00M USD 1 Quarter
Net income (loss) ProfitLoss $137.00M USD 3 Qtrs
Net income (loss) ProfitLoss $219.00M USD 3 Qtrs
Net income (loss) ProfitLoss $20.00M USD 1 Quarter
Less: Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Less: Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $11.00M USD 3 Qtrs
Less: Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $5.00M USD 3 Qtrs
Less: Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Net income (loss) attributable to Assured Guaranty Ltd. NetIncomeLoss $126.00M USD 3 Qtrs
Net income (loss) attributable to Assured Guaranty Ltd. NetIncomeLoss $214.00M USD 3 Qtrs
Net income (loss) attributable to Assured Guaranty Ltd. NetIncomeLoss $86.00M USD 1 Quarter
Net income (loss) attributable to Assured Guaranty Ltd. NetIncomeLoss $17.00M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.67 USD 3 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $0.22 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.03 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $2.45 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $0.22 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.66 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $2.43 USD 3 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $1.02 USD 1 Quarter
Cash Flow Statement 81 line items
Line Item Tag Value Unit Period
Net cash flows provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-1.79B USD 3 Qtrs
Net cash flows provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-664.00M USD 3 Qtrs
Purchases PaymentsToAcquireAvailableForSaleSecuritiesDebt $1.02B USD 3 Qtrs
Purchases PaymentsToAcquireAvailableForSaleSecuritiesDebt $856.00M USD 3 Qtrs
Sales ProceedsFromSaleOfAvailableForSaleSecuritiesDebt - USD 1 Quarter
Sales ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $137.00M USD 1 Quarter
Sales ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $627.00M USD 3 Qtrs
Sales ProceedsFromSaleOfAvailableForSaleSecuritiesDebt $222.00M USD 3 Qtrs
Maturities and paydowns ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $642.00M USD 3 Qtrs
Maturities and paydowns ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $757.00M USD 3 Qtrs
Purchases PaymentsToAcquireShortTermInvestments - USD 3 Qtrs
Purchases PaymentsToAcquireShortTermInvestments $238.00M USD 3 Qtrs
Sales ProceedsFromSaleOfShortTermInvestments - USD 3 Qtrs
Sales ProceedsFromSaleOfShortTermInvestments $41.00M USD 3 Qtrs
Maturities and paydowns ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments $32.00M 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 $-125.00M USD 3 Qtrs
Net sales (purchases) of short-term investments with original maturities of less than three months PaymentsforProceedsfromShorttermInvestmentswithMaturitiesofLessThanThreeMonths $-415.00M USD 3 Qtrs
Paydowns of financial guaranty variable interest entities assets ProceedsfromPaydownsonFinancialGuarantyVariableInterestEntitiesAssets $45.00M USD 3 Qtrs
Paydowns of financial guaranty variable interest entities assets ProceedsfromPaydownsonFinancialGuarantyVariableInterestEntitiesAssets $67.00M USD 3 Qtrs
Purchases of other invested assets PaymentsToAcquireOtherInvestments $44.00M USD 3 Qtrs
Purchases of other invested assets PaymentsToAcquireOtherInvestments $12.00M USD 3 Qtrs
Return of capital from and sales of other invested assets ProceedsFromSaleOfOtherAssetsInvestingActivities $61.00M USD 3 Qtrs
Return of capital from and sales of other invested assets ProceedsFromSaleOfOtherAssetsInvestingActivities $21.00M USD 3 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $-1.00M USD 3 Qtrs
Other PaymentsForProceedsFromOtherInvestingActivities $4.00M USD 3 Qtrs
Net cash flows provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $169.00M USD 3 Qtrs
Net cash flows provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $906.00M USD 3 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $53.00M USD 3 Qtrs
Dividends paid PaymentsOfDividendsCommonStock $51.00M USD 3 Qtrs
Repurchases of common shares PaymentsForRepurchaseOfCommonStock $305.00M USD 3 Qtrs
Repurchases of common shares PaymentsForRepurchaseOfCommonStock $320.00M USD 3 Qtrs
Net paydowns of financial guaranty variable interest entities liabilities PaydownOfFinancialGuarantyVariableInterestEntitiesLiabilities $63.00M USD 3 Qtrs
Net paydowns of financial guaranty variable interest entities liabilities PaydownOfFinancialGuarantyVariableInterestEntitiesLiabilities $38.00M USD 3 Qtrs
Issuance of long-term debt, net of issuance costs ProceedsFromIssuanceOfLongTermDebt $889.00M USD 3 Qtrs
Issuance of long-term debt, net of issuance costs ProceedsFromIssuanceOfLongTermDebt - USD 3 Qtrs
Redemptions and purchases of debt, including make-whole RepaymentsOfLongTermDebt $620.00M USD 3 Qtrs
Redemptions and purchases of debt, including make-whole RepaymentsOfLongTermDebt $22.00M USD 3 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-12.00M USD 3 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $7.00M USD 3 Qtrs
Proceeds from issuance of collateralized loan obligations ProceedsFromIssuanceOfCollateralizedLoanObligations $361.00M USD 3 Qtrs
Proceeds from issuance of collateralized loan obligations ProceedsFromIssuanceOfCollateralizedLoanObligations $2.08B USD 3 Qtrs
Repayment of collateralized loan obligations RepaymentsOfCollateralizedLoanObligations - USD 3 Qtrs
Repayment of collateralized loan obligations RepaymentsOfCollateralizedLoanObligations $365.00M USD 3 Qtrs
Proceeds from issuance of warehouse financing debt ProceedsFromLinesOfCredit $47.00M USD 3 Qtrs
Proceeds from issuance of warehouse financing debt ProceedsFromLinesOfCredit $1.01B USD 3 Qtrs
Repayment of warehouse financing debt RepaymentofWarehouseLoansandEquity $1.06B USD 3 Qtrs
Repayment of warehouse financing debt RepaymentofWarehouseLoansandEquity - USD 3 Qtrs
Contributions from noncontrolling interests to consolidated investment vehicles ContributionsFromNoncontrollingInterestsToInvestmentVehicles $33.00M USD 3 Qtrs
Contributions from noncontrolling interests to consolidated investment vehicles ContributionsFromNoncontrollingInterestsToInvestmentVehicles $69.00M USD 3 Qtrs
Distributions to noncontrolling interests from consolidated investment vehicles DistributionsToNoncontrollingInterestsFromInvestmentVehicles $19.00M USD 3 Qtrs
Distributions to noncontrolling interests from consolidated investment vehicles DistributionsToNoncontrollingInterestsFromInvestmentVehicles $10.00M USD 3 Qtrs
Net cash flows provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $1.57B 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 $-7.00M USD 3 Qtrs
Effect of foreign exchange rate changes EffectOfExchangeRateOnCashAndCashEquivalents $-1.00M USD 3 Qtrs
Increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-58.00M USD 3 Qtrs
Increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $223.00M USD 3 Qtrs
Cash and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $406.00M USD Point-in-time
Cash and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $298.00M 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 $240.00M 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 $298.00M 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 $240.00M USD Point-in-time
Income taxes IncomeTaxesPaid $1.00M USD 3 Qtrs
Income taxes IncomeTaxesPaid $1.00M USD 3 Qtrs
Interest on long-term debt InterestPaidNet $49.00M USD 3 Qtrs
Interest on long-term debt InterestPaidNet $50.00M USD 3 Qtrs
Cash Cash $162.00M USD Point-in-time
Cash Cash $223.00M USD Point-in-time
Cash Cash $101.00M USD Point-in-time
Restricted cash (included in other assets) RestrictedCash $1.00M USD Point-in-time
Restricted cash (included in other assets) RestrictedCash $1.00M USD Point-in-time
Cash of consolidated investment vehicles (Note 9) CashofConsolidatedInvestmentVehicles $182.00M USD Point-in-time
Cash of consolidated investment vehicles (Note 9) CashofConsolidatedInvestmentVehicles $138.00M 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 $298.00M 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 $240.00M USD Point-in-time
Stockholders Equity 45 line items
Line Item Tag Value Unit Period
Dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.66 USD 3 Qtrs
Dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.60 USD 3 Qtrs
Dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Dividends per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.22 USD 1 Quarter
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.60B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.38B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.49B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.55B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.68B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.64B USD Point-in-time
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $220.00M USD 3 Qtrs
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $20.00M USD 1 Quarter
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $137.00M USD 3 Qtrs
Net income NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest $88.00M USD 1 Quarter
Dividends DividendsCommonStockCash $53.00M USD 3 Qtrs
Dividends DividendsCommonStockCash $17.00M USD 1 Quarter
Dividends DividendsCommonStockCash $50.00M USD 3 Qtrs
Dividends DividendsCommonStockCash $16.00M USD 1 Quarter
Reallocation of ownership interest NonRedeemableNoncontrollingInterestEquityOtherReallocationofOwnershipInterests $-10.00M USD 3 Qtrs
Contributions NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $25.00M USD 1 Quarter
Contributions NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $44.00M USD 3 Qtrs
Contributions NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $3.00M USD 1 Quarter
Contributions NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance $34.00M USD 3 Qtrs
Common shares repurchases StockRepurchasedAndRetiredDuringPeriodValue $140.00M USD 1 Quarter
Common shares repurchases StockRepurchasedAndRetiredDuringPeriodValue $40.00M USD 1 Quarter
Common shares repurchases StockRepurchasedAndRetiredDuringPeriodValue $320.00M USD 3 Qtrs
Common shares repurchases StockRepurchasedAndRetiredDuringPeriodValue $305.00M USD 3 Qtrs
Share-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $7.00M USD 3 Qtrs
Share-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $7.00M USD 1 Quarter
Share-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $10.00M USD 3 Qtrs
Share-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $5.00M USD 1 Quarter
Distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $11.00M USD 3 Qtrs
Distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $3.00M USD 1 Quarter
Distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $2.00M USD 1 Quarter
Distributions MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $19.00M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $71.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-71.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-124.00M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $62.00M USD 3 Qtrs
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.60B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.38B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.49B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.55B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $6.68B 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 $-8.00M USD 1 Quarter
Net income (loss) ProfitLoss $89.00M USD 1 Quarter
Investments with no credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentTax $7.00M USD 1 Quarter
Investments with no credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentTax $-18.00M USD 3 Qtrs
Net income (loss) ProfitLoss $137.00M USD 3 Qtrs
Net income (loss) ProfitLoss $219.00M USD 3 Qtrs
Investments with no credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentTax $11.00M USD 3 Qtrs
Net income (loss) ProfitLoss $20.00M USD 1 Quarter
Investments with credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentTax $2.00M USD 1 Quarter
Investments with credit impairment, tax OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentTax $3.00M 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, net of tax provision (benefit) of $(8), $7, $(18) and $11 OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentNetofTax $-134.00M USD 3 Qtrs
Investments with no credit impairment, net of tax provision (benefit) of $(8), $7, $(18) and $11 OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentNetofTax $67.00M USD 1 Quarter
Investments with no credit impairment, net of tax provision (benefit) of $(8), $7, $(18) and $11 OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentNetofTax $80.00M USD 3 Qtrs
Investments with no credit impairment, net of tax provision (benefit) of $(8), $7, $(18) and $11 OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithoutCreditImpairmentNetofTax $-66.00M USD 1 Quarter
Investments with credit impairment, net of tax provision (benefit) of $(2), $2, $3 and $(5) OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentNetofTax $12.00M USD 3 Qtrs
Investments with credit impairment, net of tax provision (benefit) of $(2), $2, $3 and $(5) OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentNetofTax $8.00M USD 1 Quarter
Investments with credit impairment, net of tax provision (benefit) of $(2), $2, $3 and $(5) OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentNetofTax $-19.00M USD 3 Qtrs
Investments with credit impairment, net of tax provision (benefit) of $(2), $2, $3 and $(5) OtherComprehensiveIncomeLossAvailableforsaleSecuritiesWithCreditImpairmentNetofTax $-6.00M USD 1 Quarter
Change in net unrealized gains (losses) on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-122.00M USD 3 Qtrs
Change in net unrealized gains (losses) on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-72.00M USD 1 Quarter
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 instrument-specific credit risk on financial guaranty variable interest entities' liabilities with recourse, net of tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment $-4.00M USD 1 Quarter
Change in instrument-specific credit risk on financial guaranty variable interest entities' liabilities with recourse, net of tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment $2.00M USD 1 Quarter
Change in instrument-specific credit risk on financial guaranty variable interest entities' liabilities with recourse, net of tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment $1.00M USD 3 Qtrs
Change in instrument-specific credit risk on financial guaranty variable interest entities' liabilities with recourse, net of tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionAfterTaxAndReclassificationAdjustment $-1.00M USD 3 Qtrs
Other, net of tax provision (benefit) OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent $-1.00M USD 3 Qtrs
Other, net of tax provision (benefit) OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent - USD 3 Qtrs
Other, net of tax provision (benefit) OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent $-1.00M USD 1 Quarter
Other, net of tax provision (benefit) OtherComprehensiveIncomeLossOtherNetofTaxPortionAttributableToParent - USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $62.00M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-124.00M USD 3 Qtrs
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-71.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $71.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $13.00M USD 3 Qtrs
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-51.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $160.00M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $281.00M USD 3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.00M USD 1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $5.00M USD 3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $11.00M 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 $276.00M USD 3 Qtrs
Comprehensive income (loss) attributable to Assured Guaranty Ltd. ComprehensiveIncomeNetOfTax $2.00M USD 3 Qtrs
Comprehensive income (loss) attributable to Assured Guaranty Ltd. ComprehensiveIncomeNetOfTax $-54.00M USD 1 Quarter

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

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