v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Net earned premiums $ 89 $ 84 $ 180 $ 203
Net investment income 89 81 176 165
Net realized investment gains (losses) (6) (6) (22) 2
Fair value gains (losses) on credit derivatives 1 6 105 16
Fair value gains (losses) on committed capital securities (1) 1 1 (9)
Fair value gains (losses) on financial guaranty variable interest entities 2 (1) 3 (4)
Fair value gains (losses) on consolidated investment vehicles 4 11 23 33
Foreign exchange gains (losses) on remeasurement 79 0 116 (12)
Fair value gains (losses) on trading securities 2 17 3 43
Other income (loss) 22 9 41 10
Total revenues 281 202 626 447
Expenses        
Loss and loss adjustment expenses (benefit) 28 (2) 68 (3)
Interest Expense, Operating 23 23 45 46
Amortization of deferred acquisition costs 5 3 10 9
Employee compensation and benefit expenses 50 48 110 106
Other operating expenses 45 41 87 80
Total expenses 151 113 320 238
Income (loss) before income taxes and equity in earnings (losses) of investees 130 89 306 209
Equity in Earnings (Losses) of Investees 3 5 56 29
Income (loss) before income taxes 133 94 362 238
Less: Provision (benefit) for income taxes 27 13 71 44
Net income (loss) 106 81 291 194
Less: Noncontrolling interests 3 3 12 7
Net income (loss) attributable to Assured Guaranty Ltd. $ 103 $ 78 $ 279 $ 187
Earnings per share:        
Basic (in dollars per share) $ 2.10 $ 1.43 $ 5.60 $ 3.38
Diluted (in dollars per share) $ 2.08 $ 1.41 $ 5.54 $ 3.31