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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Net earned premiums $ 344 $ 494 $ 414
Net investment income 365 269 269
Asset management fees 53 93 88
Net realized investment gains (losses) (14) (56) 15
Fair value gains (losses) on credit derivatives 114 (11) (58)
Fair value gains (losses) on committed capital securities (35) 24 (28)
Fair value gains (losses) on financial guaranty variable interest entities 8 22 23
Fair value gains (losses) on consolidated investment vehicles 88 17 127
Foreign exchange gains (losses) on remeasurement 53 (112) (23)
Fair value gains (losses) on trading securities 74 (34) 0
Gain on sale of asset management subsidiaries 262 0 0
Other income (loss) 61 17 21
Total revenues 1,373 723 848
Expenses      
Loss and loss adjustment expenses (benefit) 162 16 (220)
Interest expense 90 81 87
Loss on extinguishment of debt 0 0 175
Amortization of deferred acquisition costs (DAC) 13 14 14
Employee compensation and benefit expenses 251 258 230
Other operating expenses 217 167 179
Total expenses 733 536 465
Income (loss) before income taxes and equity in earnings (losses) of investees 640 187 383
Equity in earnings (losses) of investees 28 (39) 94
Income (loss) before income taxes 668 148 477
Provision (benefit) for income taxes      
Current 63 14 96
Deferred (156) (3) (38)
Total provision (benefit) for income taxes (93) 11 58
Net income (loss) 761 137 419
Less: Noncontrolling interests 22 13 30
Net income (loss) attributable to Assured Guaranty Ltd. $ 739 $ 124 $ 389
Earnings per share:      
Basic (in dollars per share) $ 12.54 $ 1.95 $ 5.29
Diluted (in dollars per share) $ 12.30 $ 1.92 $ 5.23