v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Net earned premiums $ 82 $ 91
Net investment income 92 87
Net realized investment gains (losses) (15) (16)
Fair value gains (losses) on derivatives 2 104
Fair value gains (losses) on committed capital securities 6 2
Gains (losses) on financial guaranty variable interest entities (5) 1
Fair value gains (losses) on consolidated investment vehicles 9 19
Foreign exchange gains (losses) on remeasurement (19) 37
Fair value gains (losses) on trading securities 6 1
Asset management revenues 94 5
Other income (loss) 9 14
Total revenues 261 345
Expenses    
Loss and loss adjustment expenses (benefit) 17 40
Benefit expense for annuity reinsurance contracts 7 0
Interest expense 22 22
Amortization of deferred acquisition costs 5 5
Employee compensation and benefit expenses 63 60
Asset management expenses 68 4
Other operating expenses 45 38
Total expenses 227 169
Income (loss) before income taxes and equity in earnings (losses) of investees 34 176
Equity in Earnings (Losses) of Investees 31 53
Income (loss) before income taxes 65 229
Less: Provision (benefit) for income taxes (20) 44
Net income (loss) 85 185
Less: Noncontrolling interest (3) 9
Net income (loss) attributable to Assured Guaranty Ltd. $ 88 $ 176
Earnings per share:    
Basic (in dollars per share) $ 1.94 $ 3.49
Diluted (in dollars per share) $ 1.91 $ 3.44