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Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet | Assured Guaranty Ltd. (Parent Company) Condensed Balance Sheets (in millions)
| As of December 31,
| 2023 |  | 2022
Assets |  |  |
Investments | $ | 40 |  |  | $ | 26 |
Investments in subsidiaries | 5,553 |  |  | 4,984 |
Dividends receivable from subsidiaries | 80 |  |  | 18 |
Other assets (1) | 64 |  |  | 58 |
Total assets | $ | 5,737 |  |  | $ | 5,086 |
Liabilities |  |  |
Other liabilities (1) | $ | 24 |  |  | $ | 22 |
Total liabilities | $ | 24 |  |  | $ | 22 |
Total shareholders’ equity attributable to AGL | $ | 5,713 |  |  | $ | 5,064 |
Total liabilities and shareholders’ equity | $ | 5,737 |  |  | $ | 5,086 |
____________________ (1) Mainly consists of due from and due to affiliates.
Condensed Consolidating Statement of Operations and Comprehensive Income | Assured Guaranty Ltd. (Parent Company) Condensed Statements of Operations and Comprehensive Income (in millions)
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Revenues |  |  |  |  |
Net investment income | $ | 1 |  |  | $ | 3 |  |  | $ | 1 |
Net realized investment gains (losses) | (1) |  |  | (4) |  |  | — |
Total revenues | — |  |  | (1) |  |  | 1 |
Expenses |  |  |  |  |
Other expenses (1) | 45 |  |  | 45 |  |  | 35 |
Total expenses | 45 |  |  | 45 |  |  | 35 |
Income (loss) before equity in earnings of subsidiaries | (45) |  |  | (46) |  |  | (34) |
Equity in earnings of subsidiaries | 784 |  |  | 170 |  |  | 423 |
Net income attributable to AGL | 739 |  |  | 124 |  |  | 389 |
Other comprehensive income (loss) attributable to AGL | 156 |  |  | (815) |  |  | (198) |
Comprehensive income (loss) attributable to AGL | $ | 895 |  |  | $ | (691) |  |  | $ | 191 |
____________________ (1) Includes expense allocations from subsidiaries.
Condensed Consolidating Statement of Cash Flows | Assured Guaranty Ltd. (Parent Company) Condensed Statements of Cash Flows (in millions)
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Cash flows from operating activities: |  |  |  |  |
Net income attributable to AGL | $ | 739 |  |  | $ | 124 |  |  | $ | 389 |
Adjustments to reconcile net income to net cash flows provided by operating activities: |  |  |  |  |
Equity in earnings of subsidiaries | (784) |  |  | (170) |  |  | (423) |
Net realized investment losses (gains) | 1 |  |  | 4 |  |  | — |
Cash dividends from subsidiaries | 306 |  |  | 437 |  |  | 539 |
Other | 36 |  |  | 32 |  |  | 22 |
Net cash flows provided by (used in) operating activities | 298 |  |  | 427 |  |  | 527 |
Cash flows from investing activities: |  |  |  |  |
Short-term investments with maturities of over three months: |  |  |  |  |
Sales | 4 |  |  | 52 |  |  | — |
Maturities and paydowns | — |  |  | 5 |  |  | 4 |
Net sales (purchases) of short-term investments with original maturities of less than three months | (18) |  |  | 92 |  |  | 41 |
Net cash flows provided by (used in) investing activities | (14) |  |  | 149 |  |  | 45 |
Cash flows from financing activities: |  |  |  |  |
Dividends paid | (67) |  |  | (64) |  |  | (66) |
Repurchases of common shares | (199) |  |  | (500) |  |  | (496) |
Other | (18) |  |  | (12) |  |  | (10) |
Net cash flows provided by (used in) financing activities | (284) |  |  | (576) |  |  | (572) |
Increase (decrease) in cash | — |  |  | — |  |  | — |
Cash at beginning of period | — |  |  | — |  |  | — |
Cash at end of period | $ | — |  |  | $ | — |  |  | $ | — |
Supplemental disclosure of non-cash investing activities: |  |  |  |  |
Dividend from a subsidiary in the form of fixed-maturity securities | $ | — |  |  | $ | — |  |  | $ | 46 |

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