XML 117 R105.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsidiary Information (Details 3) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Condensed financial statements    
Net cash flows provided by (used in) operating activities $ 146 $ (223)
Fixed maturity securities:    
Purchases (1,563) (1,322)
Sales 812 683
Maturities 643 758
Net sales (purchases) of short-term investments 44 282
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 553 407
Acquisition of Municipal Assurance Corp., net of cash acquired 0 (91)
Intercompany debt 0 0
Investment in subsidiary 0 0
Other 81 85
Net cash flows provided by (used in) investing activities 570 802
Cash flows from financing activities    
Proceeds from issuance of common stock 0 173
Return of capital 0 0
Dividends paid (57) (51)
Repurchases of common stock (259) (24)
Share activity under option and incentive plans 0 (3)
Net paydowns of financial guaranty variable interest entities’ liabilities (409) (553)
Repayment of long-term debt (22) (204)
Intercompany debt 0 0
Net cash flows provided by (used in) financing activities (747) (662)
Effect of exchange rate changes (1) 1
Increase (decrease) in cash (32) (82)
Cash at beginning of period 138 215
Cash at end of period 106 133
Assured Guaranty Ltd. (Parent)
   
Condensed financial statements    
Net cash flows provided by (used in) operating activities 108 98
Fixed maturity securities:    
Purchases 0 (160)
Sales 171 0
Maturities 21 1
Net sales (purchases) of short-term investments 16 (34)
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 0 0
Acquisition of Municipal Assurance Corp., net of cash acquired   0
Intercompany debt 0 0
Investment in subsidiary 0 0
Other 0 0
Net cash flows provided by (used in) investing activities 208 (193)
Cash flows from financing activities    
Proceeds from issuance of common stock   173
Return of capital 0 0
Dividends paid (57) (51)
Repurchases of common stock (259) (24)
Share activity under option and incentive plans 0 (3)
Net paydowns of financial guaranty variable interest entities’ liabilities 0 0
Repayment of long-term debt 0 0
Intercompany debt 0 0
Net cash flows provided by (used in) financing activities (316) 95
Effect of exchange rate changes 0 0
Increase (decrease) in cash 0 0
Cash at beginning of period 0 0
Cash at end of period 0 0
AGUS (Issuer)
   
Condensed financial statements    
Net cash flows provided by (used in) operating activities 123 23
Fixed maturity securities:    
Purchases (35) (1)
Sales 1 0
Maturities 0 0
Net sales (purchases) of short-term investments (94) 27
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 0 0
Acquisition of Municipal Assurance Corp., net of cash acquired   (91)
Intercompany debt 0 0
Investment in subsidiary 0 0
Other 0 0
Net cash flows provided by (used in) investing activities (128) (65)
Cash flows from financing activities    
Proceeds from issuance of common stock   0
Return of capital 0 0
Dividends paid 0 0
Repurchases of common stock 0 0
Share activity under option and incentive plans 0 0
Net paydowns of financial guaranty variable interest entities’ liabilities 0 0
Repayment of long-term debt 0 (173)
Intercompany debt (7) 173
Net cash flows provided by (used in) financing activities (7) 0
Effect of exchange rate changes 0 0
Increase (decrease) in cash (12) (42)
Cash at beginning of period 13 72
Cash at end of period 1 30
AGMH
   
Condensed financial statements    
Net cash flows provided by (used in) operating activities 68 14
Fixed maturity securities:    
Purchases (23) (11)
Sales 25 1
Maturities 2 3
Net sales (purchases) of short-term investments (24) 23
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 0 0
Acquisition of Municipal Assurance Corp., net of cash acquired   0
Intercompany debt 0 0
Investment in subsidiary 50 50
Other 0 0
Net cash flows provided by (used in) investing activities 30 66
Cash flows from financing activities    
Proceeds from issuance of common stock   0
Return of capital 0 0
Dividends paid (98) (80)
Repurchases of common stock 0 0
Share activity under option and incentive plans 0 0
Net paydowns of financial guaranty variable interest entities’ liabilities 0 0
Repayment of long-term debt 0 0
Intercompany debt 0 0
Net cash flows provided by (used in) financing activities (98) (80)
Effect of exchange rate changes 0 0
Increase (decrease) in cash 0 0
Cash at beginning of period 0 0
Cash at end of period 0 0
Other Subsidiaries
   
Condensed financial statements    
Net cash flows provided by (used in) operating activities 207 (82)
Fixed maturity securities:    
Purchases (1,570) (1,150)
Sales 680 682
Maturities 620 754
Net sales (purchases) of short-term investments 146 266
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 553 407
Acquisition of Municipal Assurance Corp., net of cash acquired   0
Intercompany debt 7 (173)
Investment in subsidiary 0 0
Other 81 85
Net cash flows provided by (used in) investing activities 517 871
Cash flows from financing activities    
Proceeds from issuance of common stock   0
Return of capital (50) (50)
Dividends paid (262) (196)
Repurchases of common stock 0 0
Share activity under option and incentive plans 0 0
Net paydowns of financial guaranty variable interest entities’ liabilities (409) (553)
Repayment of long-term debt (22) (31)
Intercompany debt 0 0
Net cash flows provided by (used in) financing activities (743) (830)
Effect of exchange rate changes (1) 1
Increase (decrease) in cash (20) (40)
Cash at beginning of period 125 143
Cash at end of period 105 103
Consolidating Adjustments
   
Condensed financial statements    
Net cash flows provided by (used in) operating activities (360) (276)
Fixed maturity securities:    
Purchases 65 0
Sales (65) 0
Maturities 0 0
Net sales (purchases) of short-term investments 0 0
Net proceeds from paydowns on financial guaranty variable interest entities’ assets 0 0
Acquisition of Municipal Assurance Corp., net of cash acquired   0
Intercompany debt (7) 173
Investment in subsidiary (50) (50)
Other 0 0
Net cash flows provided by (used in) investing activities (57) 123
Cash flows from financing activities    
Proceeds from issuance of common stock   0
Return of capital 50 50
Dividends paid 360 276
Repurchases of common stock 0 0
Share activity under option and incentive plans 0 0
Net paydowns of financial guaranty variable interest entities’ liabilities 0 0
Repayment of long-term debt 0 0
Intercompany debt 7 (173)
Net cash flows provided by (used in) financing activities 417 153
Effect of exchange rate changes 0 0
Increase (decrease) in cash 0 0
Cash at beginning of period 0 0
Cash at end of period $ 0 $ 0