v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Investments:    
Fixed-maturity securities, available-for-sale, at fair value, net of allowance for credit loss of $47 and $60 (amortized cost of $6,765 and $6,827) $ 6,498 $ 6,369
Fixed-maturity securities, trading, at fair value 137 147
Short-term investments, at fair value 939 1,221
Other invested assets (includes $3 and $4, at fair value) 995 926
Total investments 8,569 8,663
Cash 301 121
Premiums receivable, net of commissions payable 1,631 1,551
Deferred acquisition costs 185 176
Salvage and subrogation recoverable 382 396
Financial guaranty variable interest entities’ assets (includes $176 and $147, at fair value) 211 147
Assets of consolidated investment vehicles (includes $121 and $99, at fair value) 121 101
Other assets (includes $143 and $131, at fair value) 695 746
Total assets 12,095 11,901
Liabilities    
Unearned premium reserve 3,675 3,719
Loss and loss adjustment expense reserve 315 268
Long-term debt 1,701 1,699
Financial guaranty variable interest entities’ liabilities (includes $201 and $164 at fair value, $186 and $155 with recourse, $16 and $9 without recourse) 202 164
Other liabilities (includes $35 and $34, at fair value) 473 498
Total liabilities 6,366 6,348
Commitments and contingencies (Notes 3, 4, 7 and 11)
Shareholders’ equity    
Common shares ($0.01 par value, 500,000,000 shares authorized; 48,109,439 and 50,505,320 shares issued and outstanding) 0 1
Retained earnings 5,859 5,878
Accumulated other comprehensive income (loss), net of tax of $(54) and $(75) (227) (385)
Deferred equity compensation 1 1
Total shareholders’ equity attributable to Assured Guaranty Ltd. 5,633 5,495
Nonredeemable noncontrolling interests (Note 8) 96 58
Total shareholders’ equity 5,729 5,553
Total liabilities and shareholders’ equity $ 12,095 $ 11,901