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Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2024
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,
| 2024 |  | 2023
Assets |  |  |
Investments | $ | 66 |  |  | $ | 40 |
Investments in subsidiaries | 5,237 |  |  | 5,553 |
Dividends receivable from subsidiaries | 150 |  |  | 80 |
Other assets (1) | 69 |  |  | 64 |
Total assets | $ | 5,522 |  |  | $ | 5,737 |
Liabilities |  |  |
Other liabilities (1) | $ | 27 |  |  | $ | 24 |
Total liabilities | $ | 27 |  |  | $ | 24 |
Total shareholders’ equity attributable to AGL | $ | 5,495 |  |  | $ | 5,713 |
Total liabilities and shareholders’ equity | $ | 5,522 |  |  | $ | 5,737 |
____________________ (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,
| 2024 |  | 2023 |  | 2022
Revenues |  |  |  |  |
Net investment income | $ | 2 |  |  | $ | 1 |  |  | $ | 3 |
Net realized investment gains (losses) | — |  |  | (1) |  |  | (4) |
Total revenues | 2 |  |  | — |  |  | (1) |
Expenses |  |  |  |  |
Other expenses (1) | 42 |  |  | 45 |  |  | 45 |
Total expenses | 42 |  |  | 45 |  |  | 45 |
Income (loss) before equity in earnings of subsidiaries | (40) |  |  | (45) |  |  | (46) |
Equity in earnings of subsidiaries | 416 |  |  | 784 |  |  | 170 |
Net income attributable to AGL | 376 |  |  | 739 |  |  | 124 |
Other comprehensive income (loss) attributable to AGL | (26) |  |  | 156 |  |  | (815) |
Comprehensive income (loss) attributable to AGL | $ | 350 |  |  | $ | 895 |  |  | $ | (691) |
____________________ (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,
| 2024 |  | 2023 |  | 2022
Cash flows from operating activities: |  |  |  |  |
Net income attributable to AGL | $ | 376 |  |  | $ | 739 |  |  | $ | 124 |
Adjustments to reconcile net income to net cash flows provided by operating activities: |  |  |  |  |
Equity in earnings of subsidiaries | (416) |  |  | (784) |  |  | (170) |
Net realized investment losses (gains) | — |  |  | 1 |  |  | 4 |
Cash dividends from subsidiaries | 637 |  |  | 306 |  |  | 437 |
Other | 28 |  |  | 36 |  |  | 32 |
Net cash flows provided by (used in) operating activities | 625 |  |  | 298 |  |  | 427 |
Cash flows from investing activities: |  |  |  |  |
Fixed-maturity securities, available for sale: |  |  |  |  |
Maturities and paydowns | 3 |  |  | — |  |  | — |
Short-term investments with maturities of over three months: |  |  |  |  |
Sales | — |  |  | 4 |  |  | 52 |
Maturities and paydowns | — |  |  | — |  |  | 5 |
Net sales (purchases) of short-term investments with original maturities of less than three months | (29) |  |  | (18) |  |  | 92 |
Net cash flows provided by (used in) investing activities | (26) |  |  | (14) |  |  | 149 |
Cash flows from financing activities: |  |  |  |  |
Dividends paid | (68) |  |  | (67) |  |  | (64) |
Repurchases of common shares | (502) |  |  | (199) |  |  | (500) |
Payments related to tax withholding for share-based compensation | (30) |  |  | (20) |  |  | (14) |
Other | 2 |  |  | 2 |  |  | 2 |
Net cash flows provided by (used in) financing activities | (598) |  |  | (284) |  |  | (576) |
Increase (decrease) in cash and restricted cash | 1 |  |  | — |  |  | — |
Cash and restricted cash at beginning of period | — |  |  | — |  |  | — |
Cash and restricted cash at end of period | $ | 1 |  |  | $ | — |  |  | $ | — |
| As of December 31,
| 2024 |  | 2023 |  | 2022
Reconciliation of cash and restricted cash to the balance sheets: |  |  |  |  |
Cash | $ | — |  |  | $ | — |  |  | $ | — |
Restricted cash (included in other assets) | 1 |  |  | — |  |  | — |
Cash and restricted cash at the end of period | $ | 1 |  |  | $ | — |  |  | $ | — |

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