XML 77 R55.htm IDEA: XBRL DOCUMENT v3.24.0.1
Parent Company (Tables)
 12 Months Ended
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,
 20232022
Assets
Investments$40 $26 
Investments in subsidiaries5,553 4,984 
Dividends receivable from subsidiaries80 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,
 202320222021
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 expenses45 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 AGL739 124 389 
Other comprehensive income (loss) attributable to AGL156 (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,
 202320222021
Cash flows from operating activities:
Net income attributable to AGL$739 $124 $389 
Adjustments to reconcile net income to net cash flows provided by operating activities:
Equity in earnings of subsidiaries(784)(170)(423)
Net realized investment losses (gains) 1 4 — 
Cash dividends from subsidiaries 306 437 539 
Other36 32 22 
Net cash flows provided by (used in) operating activities298 427 527 
Cash flows from investing activities:
Short-term investments with maturities of over three months:
Sales4 52 — 
Maturities and paydowns — 5 4 
Net sales (purchases) of short-term investments with original maturities of less than three months(18)92 41 
Net cash flows provided by (used in) investing activities(14)149 45 
Cash flows from financing activities:
Dividends paid(67)(64)(66)
Repurchases of common shares(199)(500)(496)
Other(18)(12)(10)
Net cash flows provided by (used in) financing activities(284)(576)(572)
Increase (decrease) in cash— — — 
Cash at beginning of period— — — 
Cash at end of period$— $— $— 
Supplemental disclosure of non-cash investing activities:
Dividend from a subsidiary in the form of fixed-maturity securities$— $— $46