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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Net earned premiums $ 214 $ 103
Net investment income 62 70
Asset management fees 34 24
Net realized investment gains (losses) 3 (3)
Fair value gains (losses) on credit derivatives (3) (19)
Fair value gains (losses) on committed capital securities 1 (19)
Fair value gains (losses) on financial guaranty variable interest entities 6 5
Fair value gains (losses) on consolidated investment vehicles 14 16
Foreign exchange gains (losses) on remeasurement (30) 0
Other income (loss) (1) 0
Total revenues 300 177
Expenses    
Loss and loss adjustment expenses 57 30
Interest expense 20 21
Amortization of deferred acquisition costs 4 3
Employee compensation and benefit expenses 73 60
Other operating expenses 42 57
Total expenses 196 171
Income (loss) before income taxes and equity in earnings (losses) of investees 104 6
Equity in earnings (losses) of investees (11) 9
Income (loss) before income taxes 93 15
Less: Provision (benefit) for income taxes 18 0
Net income (loss) 75 15
Less: Noncontrolling interests 9 4
Net income (loss) attributable to Assured Guaranty Ltd. $ 66 $ 11
Earnings per share:    
Basic (in dollars per share) $ 1.00 $ 0.14
Diluted (in dollars per share) $ 0.98 $ 0.14