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Variable Interest Entities - Effect of Consolidating Investment Vehicles on Consolidated Statement of Operations (Details) (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
fund
Sep. 30, 2020
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
Assets                
Other invested assets $ 260   $ 260     $ 214    
Total investments 9,617   9,617     9,838    
Premiums receivable, net of commissions payable 1,378   1,378     1,372    
Salvage and subrogation recoverable 1,148   1,148     991    
Financial guaranty variable interest entities’ assets, at fair value 271   271     296    
Assets of CIVs 4,371   4,371     1,913    
Other assets 421   421     440    
Assets 17,614   17,614     15,334    
Liabilities:                
Unearned premium reserve 3,716   3,716     3,735    
Loss and loss adjustment expense reserve 981   981     1,088    
Financial guaranty variable interest entities’ liabilities with recourse, at fair value 281   281     316    
FG VIEs’ liabilities without recourse, at fair value 20   20     17    
Liabilities of CIVs 3,886   3,886     1,590    
Liabilities 11,218   11,218     8,629    
Redeemable noncontrolling interests in consolidated investment vehicles 21   21     21    
Shareholders’ equity                
Retained earnings 5,924   5,924     6,143    
Accumulated other comprehensive income 374   374     498    
Total shareholders’ equity attributable to Assured Guaranty Ltd. 6,300   6,300     6,643    
Nonredeemable noncontrolling interests 75   75     41    
Total shareholders’ equity 6,375 $ 6,596 6,375 $ 6,596 $ 6,552 6,684 $ 6,489 $ 6,645
Total liabilities, redeemable noncontrolling interests and shareholders’ equity 17,614   17,614     15,334    
Loss on extinguishment of debt 175 $ 0 175 $ 0        
Variable Interest Entity, Primary Beneficiary | Financial Guaranty Variable Interest Entities And Consolidated Investment Vehicles                
Assets                
Fixed maturity securities and short-term investments (50)   (50)     (32)    
Equity method investments (363)   (363)     (254)    
Other invested assets 0   0     (2)    
Total investments (413)   (413)     (288)    
Premiums receivable, net of commissions payable (6)   (6)     (6)    
Salvage and subrogation recoverable (15)   (15)     (9)    
Financial guaranty variable interest entities’ assets, at fair value 271   271     296    
Assets of CIVs 4,371   4,371     1,913    
Other assets 0   0     (3)    
Assets 4,208   4,208     1,903    
Liabilities:                
Unearned premium reserve (36)   (36)     (38)    
Loss and loss adjustment expense reserve (34)   (34)     (41)    
Financial guaranty variable interest entities’ liabilities with recourse, at fair value 281   281     316    
FG VIEs’ liabilities without recourse, at fair value 20   20     17    
Liabilities of CIVs 3,886   3,886     1,590    
Liabilities 4,117   4,117     1,844    
Redeemable noncontrolling interests in consolidated investment vehicles 21   21     21    
Shareholders’ equity                
Retained earnings 22   22     22    
Accumulated other comprehensive income (27)   (27)     (25)    
Total shareholders’ equity attributable to Assured Guaranty Ltd. (5)   (5)     (3)    
Nonredeemable noncontrolling interests 75   75     41    
Total shareholders’ equity 70   70     38    
Total liabilities, redeemable noncontrolling interests and shareholders’ equity 4,208   $ 4,208     $ 1,903    
Variable Interest Entity, Primary Beneficiary | Consolidated Investment Vehicles                
Shareholders’ equity                
Loss on extinguishment of debt $ 2              
Number of financial assets extinguished | fund 1