Assured guaranty ltd (AGO)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Investment portfolio:
Fixed-maturity securities, available-for-sale, at fair value (amortized cost of $8,410 and $8,371, allowance for credit loss of $73 at March 31, 2020)

8,568

8,854

9,277

9,574

9,989

10,089

10,192

10,225

10,297

10,674

10,546

10,505

10,479

10,233

10,752

9,960

10,588

10,627

10,640

10,582

9,833

10,491

10,485

10,530

10,094

9,711

9,873

9,564

9,985

10,056

10,318

10,207

10,204

10,142

10,091

9,864

9,459

9,402

9,775

9,113

9,139

Short-term investments at fair value

933

1,268

1,142

1,159

727

729

738

911

751

627

949

678

689

590

528

585

459

396

522

834

349

767

837

979

720

904

761

943

729

817

564

919

903

734

873

1,105

813

1,055

907

1,391

1,668

Other invested assets (includes $12 and $6 measured at fair value)

121

118

57

60

61

55

95

102

103

94

96

88

173

162

165

170

167

169

181

215

132

126

127

126

134

170

126

130

148

212

205

194

203

223

297

252

264

283

-

-

160

Total investment portfolio

9,622

10,240

10,476

10,793

10,777

10,873

11,025

11,238

11,151

11,395

11,591

11,271

11,341

10,985

11,445

10,715

11,214

11,192

11,343

11,631

10,314

11,384

11,449

11,635

10,948

10,785

10,760

10,637

10,862

11,085

11,087

11,321

11,312

11,099

11,262

11,221

10,537

10,740

10,683

10,504

10,968

Assets acquired in refinancing transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

133

138

-

Cash

139

169

229

190

123

104

82

185

114

144

72

200

147

118

98

190

112

166

66

75

885

75

82

106

219

184

106

143

125

138

133

175

182

215

173

165

111

108

87

97

44

Premiums receivable, net of commissions payable

1,233

1,286

844

866

897

904

916

932

944

915

922

916

876

576

608

623

662

693

676

703

700

729

801

849

863

876

906

915

956

1,005

944

964

1,018

1,003

987

1,059

1,118

1,167

1,322

1,311

1,418

Ceded unearned premium reserve

-

-

-

-

-

-

61

66

122

119

108

174

180

206

213

228

236

232

263

282

365

381

420

440

454

452

480

510

535

561

550

590

631

709

747

773

794

821

897

929

1,078

Deferred acquisition costs

113

111

107

106

104

105

103

102

100

101

105

107

106

106

108

110

113

114

118

119

120

121

120

122

122

124

125

125

116

116

127

126

129

132

230

232

235

239

251

250

241

Reinsurance recoverable on unpaid losses

-

-

-

-

-

-

-

-

-

-

39

78

74

80

87

82

72

69

89

77

77

78

56

59

37

36

59

60

56

58

56

170

152

69

47

26

18

22

18

19

14

Salvage and subrogation recoverable

820

747

725

580

522

490

471

425

430

572

497

403

405

365

455

323

206

126

135

139

128

151

294

273

241

174

275

331

543

456

430

376

367

368

360

307

1,056

1,032

824

686

394

Financial Guaranty Of Variable Interest Entities, Assets Held

368

442

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Credit derivative assets

-

-

-

-

-

-

-

-

-

-

3

6

9

13

28

36

55

81

71

81

77

68

86

80

78

94

106

101

125

141

450

429

463

153

467

603

619

592

475

491

492

Deferred tax asset, net

-

-

-

-

-

-

-

-

-

-

135

391

438

497

459

235

278

276

426

439

218

260

474

571

637

688

767

850

872

721

729

815

1,031

804

676

1,031

1,031

1,259

842

1,072

1,162

Current income tax receivable

-

-

-

-

-

-

-

-

-

-

72

0

0

12

0

0

11

40

-

11

-

0

-

-

-

-

-

-

-

-

78

63

50

76

203

187

159

-

-

-

-

Committed capital securities, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

20

-

Variable Interest Entity, Consolidated, Carrying Amount, Assets

-

-

469

526

560

569

596

627

651

700

707

757

781

876

877

814

1,191

1,261

1,547

1,601

1,499

1,402

1,296

1,284

1,257

2,565

2,515

2,674

2,813

2,688

2,693

2,725

2,827

2,819

3,005

3,492

3,679

3,657

2,296

1,844

762

Assets of Consolidated Investment Vehicles

645

572

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and other intangible assets

212

216

-

-

-

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Funds restricted for CIFG acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

451

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets

593

543

517

520

568

534

485

557

507

487

398

352

318

317

291

285

302

294

300

321

294

270

291

271

250

309

255

262

296

273

286

314

337

262

243

198

221

199

523

222

202

Assets

13,745

14,326

13,367

13,581

13,551

13,603

13,739

14,132

14,019

14,433

14,649

14,655

14,675

14,151

14,669

14,092

14,452

14,544

15,034

15,479

14,677

14,919

15,369

15,690

15,106

16,287

16,354

16,608

17,299

17,242

17,563

18,074

18,504

17,709

18,404

19,299

19,584

19,841

18,371

17,588

16,779

Liabilities and shareholders’ equity
Unearned premium reserve

3,706

3,736

3,334

3,387

3,437

3,512

3,538

3,635

3,395

3,475

3,597

3,748

3,827

3,511

3,668

3,617

3,810

3,996

4,112

4,389

4,127

4,261

4,263

4,391

4,504

4,595

4,676

4,812

4,982

5,207

5,332

5,583

5,839

5,963

6,111

6,315

6,637

6,972

7,374

7,661

8,380

Loss and loss adjustment expense reserve

1,050

1,050

1,007

1,102

1,032

1,177

1,147

1,327

1,299

1,444

1,326

1,268

1,193

1,127

1,091

1,268

1,112

1,067

1,007

996

787

799

760

775

636

592

601

564

532

601

594

995

954

679

670

518

419

574

467

403

299

Notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

137

-

Reinsurance balances payable, net

-

-

-

-

-

-

-

-

-

-

45

54

52

64

71

56

58

51

61

66

74

107

148

178

165

148

160

188

193

219

185

186

204

171

173

175

268

274

259

243

212

Long-term debt

1,221

1,235

1,234

1,233

1,232

1,233

1,249

1,264

1,281

1,292

1,292

1,294

1,307

1,306

1,304

1,303

1,302

1,300

1,306

1,305

1,304

1,297

1,303

1,311

812

816

819

827

832

836

840

846

1,034

1,038

1,041

1,046

1,049

1,052

923

921

1,066

Credit derivative liabilities, at fair value

265

191

214

224

229

209

239

258

237

271

305

367

359

402

509

432

489

446

918

1,007

859

963

1,654

1,917

2,001

1,787

2,027

2,349

2,518

1,934

2,151

2,095

2,416

1,457

1,495

2,791

2,759

2,462

2,180

1,765

2,034

Current income tax payable

-

-

-

-

-

-

-

-

-

-

-

96

63

-

26

19

-

-

0

0

0

5

40

12

26

44

-

-

-

0

-

-

-

-

-

-

-

93

-

-

154

Financial guaranty variable interest entities’ liabilities with recourse, at fair value

312

367

388

446

505

517

545

571

598

627

657

689

721

807

832

790

1,165

1,225

1,315

1,361

1,278

1,277

1,326

1,366

1,346

1,790

1,828

1,940

2,071

2,090

2,169

2,239

2,365

2,397

2,575

2,848

2,874

3,030

2,225

2,049

762

Variable Interest Entity, Consolidated, Carrying Amount, Liabilities, Without Recourse

82

102

105

105

104

102

104

108

110

130

111

131

134

151

153

115

119

124

167

171

145

142

133

124

101

1,081

1,047

1,134

1,107

1,051

1,018

1,042

1,085

1,061

1,133

1,282

1,373

1,337

236

184

-

Liabilities of Consolidated Investments Vehicles

431

482

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

405

511

433

362

343

298

334

335

315

355

438

258

382

279

375

242

284

272

329

378

317

310

388

374

306

319

362

310

340

310

322

361

422

291

436

407

359

309

381

352

359

Liabilities

7,472

7,674

6,715

6,859

6,882

7,048

7,156

7,498

7,235

7,594

7,771

7,905

8,038

7,647

8,029

7,842

8,339

8,481

9,215

9,673

8,891

9,161

10,015

10,448

9,897

11,172

11,520

12,124

12,575

12,248

12,611

13,350

14,322

13,057

13,638

15,385

15,740

16,108

14,181

13,720

13,270

Commitments and contingencies (see Note 14)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Redeemable Noncontrolling Interest, Equity, Other, Carrying Amount

8

7

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock ($0.01 par value, 500,000,000 shares authorized; 89,983,322 and 93,274,987 shares issued and outstanding)

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

2

2

2

2

2

2

2

2

2

2

2

1

1

2

1

1

1

1

1

1

1

Additional paid-in capital

-

-

0

0

0

86

200

321

466

573

637

711

841

1,060

1,166

1,213

1,269

1,342

1,474

1,606

1,733

1,887

2,035

2,260

2,434

2,466

2,471

2,483

2,685

2,724

2,722

2,719

2,569

2,570

2,567

2,590

2,589

2,585

2,583

2,581

2,584

Retained Earnings (Accumulated Deficit)

6,100

6,295

6,331

6,425

6,406

6,374

6,303

6,159

6,102

5,892

5,913

5,722

5,588

5,289

5,110

4,648

4,519

4,478

4,066

3,955

3,676

3,494

2,979

2,643

2,504

2,482

2,151

1,786

1,586

1,749

1,693

1,568

1,208

1,708

1,866

1,113

1,164

1,032

1,264

1,092

778

Accumulated Other Comprehensive Income (Loss), Net of Tax

138

342

319

295

261

93

78

152

214

372

326

315

206

149

358

383

319

237

273

239

370

370

333

332

264

160

206

209

447

515

531

429

398

368

327

205

86

111

337

191

141

Deferred equity compensation

1

1

1

1

1

-1

1

1

1

-1

1

1

1

-5

-5

-5

-5

-5

-5

-5

-5

-5

-5

-5

-5

-5

-4

-4

-4

-4

-4

-4

-4

-4

-3

-2

-2

-2

-2

-2

-2

Stockholders' Equity Attributable to Parent

6,240

6,639

6,652

6,722

6,669

6,555

6,583

6,634

6,784

6,839

6,878

6,750

6,637

6,504

6,640

6,250

6,113

6,063

5,819

5,806

5,786

5,758

5,354

5,242

5,209

5,115

4,834

4,484

4,724

4,994

4,952

4,724

4,182

4,652

4,766

-

-

-

4,189

3,868

3,509

Stockholders' Equity Attributable to Noncontrolling Interest

25

6

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

6,265

6,645

-

-

-

6,555

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,913

3,844

3,733

4,189

3,868

3,508

Liabilities and Equity

13,745

14,326

13,367

13,581

13,551

13,603

13,739

14,132

14,019

14,433

14,649

14,655

14,675

14,151

14,669

14,092

14,452

14,544

15,034

15,479

14,677

14,919

15,369

15,690

15,106

16,287

16,354

16,608

17,299

17,242

17,563

18,074

18,504

17,709

18,404

19,299

19,584

19,841

18,371

17,588

16,779