| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||||
Premiums Earned, Net | |||||||||||
476,000 | 548,000 | 690,000 | 864,000 | 766,000 | 570,000 | 752,000 | 853,000 | 920,000 | 1,187,000 | 930,429 | 261,398 |
Net Investment Income | |||||||||||
378,000 | 395,000 | 417,000 | 408,000 | 423,000 | 403,000 | 393,000 | 404,000 | 396,000 | 361,000 | 259,222 | 162,558 |
Asset management fees | |||||||||||
22,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Net realized investment gains (losses): | |||||||||||
Other-than-temporary impairment losses | |||||||||||
- | - | - | - | 47,000 | 76,000 | 32,000 | 58,000 | - | - | - | - |
Other-than-temporary impairment losses | |||||||||||
- | - | - | - | - | - | - | - | 84,000 | 44,000 | 74,022 | 71,268 |
Less: portion of other-than-temporary impairment loss recognized in other comprehensive income | |||||||||||
- | - | - | - | 0 | -1,000 | 10,000 | -41,000 | -39,000 | -17,000 | -28,176 | - |
Net impairment loss | |||||||||||
- | - | - | - | 47,000 | 75,000 | 42,000 | 17,000 | - | - | - | - |
Other net realized investment gains (losses) | |||||||||||
- | - | - | - | 21,000 | 15,000 | 94,000 | 18,000 | 27,000 | 25,000 | 13,184 | 1,467 |
Realized Investment Gains (Losses) | |||||||||||
22,000 | -32,000 | 40,000 | -29,000 | -26,000 | -60,000 | 52,000 | 1,000 | -18,000 | -2,000 | -32,662 | -69,801 |
Net change in fair value of credit derivatives: | |||||||||||
Realized gains (losses) and other settlements | |||||||||||
- | - | - | - | -18,000 | 23,000 | -42,000 | -108,000 | 6,000 | 153,000 | 163,558 | 117,589 |
Net unrealized gains (losses) | |||||||||||
- | - | - | - | 746,000 | 800,000 | 107,000 | -477,000 | 554,000 | -155,000 | -337,810 | 38,034 |
Net change in fair value of credit derivatives | |||||||||||
-6,000 | 112,000 | 111,000 | 98,000 | 728,000 | 823,000 | 65,000 | -585,000 | 560,000 | -2,000 | -174,252 | 155,623 |
Fair Value, Gain (Loss) On Committed Capital Securities | |||||||||||
- | - | - | - | 27,000 | -11,000 | 10,000 | -18,000 | 35,000 | 9,000 | -122,940 | 42,746 |
Variable Interest Entity, Change in Fair Value | |||||||||||
42,000 | 14,000 | 30,000 | 38,000 | 38,000 | 255,000 | 346,000 | 191,000 | -146,000 | -274,000 | -1,156 | - |
Foreign exchange gains (losses) on remeasurement | |||||||||||
24,000 | -37,000 | 60,000 | - | - | - | - | - | - | - | - | - |
Bargain Purchase Gain And Settlement of Pre-existing Relationship | |||||||||||
0 | 0 | 58,000 | 259,000 | 214,000 | 0 | 0 | - | - | - | - | - |
Gain (Loss) From Commutations | |||||||||||
1,000 | -16,000 | 328,000 | 8,000 | - | - | - | - | - | - | - | - |
Other income (loss) | |||||||||||
4,000 | 17,000 | 5,000 | 31,000 | 37,000 | 14,000 | -10,000 | 108,000 | 58,000 | 34,000 | 58,518 | 664 |
Revenues | |||||||||||
963,000 | 1,001,000 | 1,739,000 | 1,677,000 | 2,207,000 | 1,994,000 | 1,608,000 | 954,000 | 1,805,000 | 1,313,000 | 917,159 | 553,188 |
Expenses | |||||||||||
Policyholder Benefits and Claims Incurred, Net | |||||||||||
93,000 | 64,000 | 388,000 | 295,000 | 424,000 | 126,000 | 154,000 | 504,000 | 448,000 | 412,000 | 393,800 | 265,762 |
Assured Guaranty Municipal Holdings Inc. acquisition-related expenses | |||||||||||
- | - | - | - | - | - | - | - | - | 7,000 | 92,239 | - |
Interest expense | |||||||||||
89,000 | 94,000 | 97,000 | 102,000 | 101,000 | 92,000 | 82,000 | 92,000 | 99,000 | 100,000 | 62,783 | 23,283 |
Amortization of deferred acquisition costs | |||||||||||
18,000 | 16,000 | 19,000 | 18,000 | 20,000 | 25,000 | 12,000 | 14,000 | 17,000 | 22,000 | 53,899 | 61,249 |
Employee compensation and benefit expenses | |||||||||||
178,000 | 152,000 | 143,000 | - | - | - | - | - | - | - | - | - |
Goodwill and settlement of pre-existing relationship | |||||||||||
- | - | - | - | - | - | - | - | - | - | 23,341 | - |
Other operating expenses | |||||||||||
125,000 | 96,000 | 101,000 | 245,000 | 231,000 | 220,000 | 218,000 | 212,000 | 212,000 | 238,000 | 174,165 | 90,563 |
Benefits, Losses and Expenses | |||||||||||
503,000 | 422,000 | 748,000 | 660,000 | 776,000 | 463,000 | 466,000 | 822,000 | 776,000 | 779,000 | 800,227 | 440,857 |
Income (loss) before income taxes and equity in net earnings of investees | |||||||||||
460,000 | 579,000 | 991,000 | 1,017,000 | 1,431,000 | 1,531,000 | 1,142,000 | 132,000 | 1,029,000 | 534,000 | 116,932 | 112,331 |
Equity in net earnings of investees | |||||||||||
4,000 | 1,000 | 0 | - | - | - | - | - | - | - | - | - |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | |||||||||||
464,000 | 580,000 | 991,000 | - | - | - | - | - | - | - | - | - |
Provision (benefit) for income taxes | |||||||||||
Current | |||||||||||
-2,000 | -15,000 | 11,000 | 117,000 | 75,000 | 96,000 | 157,000 | 57,000 | -127,000 | -25,000 | 217,253 | 332 |
Deferred Income Tax Expense (Benefit) | |||||||||||
65,000 | 74,000 | 250,000 | 19,000 | 300,000 | 347,000 | 177,000 | -35,000 | 383,000 | 75,000 | -185,143 | 43,116 |
Income Tax Expense (Benefit) | |||||||||||
63,000 | 59,000 | 261,000 | 136,000 | 375,000 | 443,000 | 334,000 | 22,000 | 256,000 | 50,000 | 32,110 | 43,448 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
401,000 | 521,000 | 730,000 | - | - | - | - | - | - | - | 84,822 | 68,883 |
Less: Noncontrolling interests | |||||||||||
-1,000 | 0 | 0 | - | - | - | - | - | - | - | -1,156 | - |
Net Income (Loss) Attributable to Parent | |||||||||||
402,000 | 521,000 | 730,000 | 881,000 | 1,056,000 | 1,088,000 | 808,000 | 110,000 | 773,000 | 484,000 | 85,978 | 68,883 |
Earnings Per Share [Abstract] | |||||||||||
Earnings Per Share, Basic | |||||||||||
4.04 | 4.73 | 6.05 | 6.61 | 7.12 | 6.30 | 4.32 | 0.58 | 4.21 | 2.63 | 0.68 | 0.78 |
Earnings Per Share, Diluted | |||||||||||
4.00 | 4.68 | 5.96 | 6.56 | 7.08 | 6.26 | 4.30 | 0.57 | 4.16 | 2.56 | 0.66 | 0.77 |
Dividends (in dollars per share) | |||||||||||
- | - | - | - | 0.48 | 0.44 | 0.40 | 0.36 | 0.18 | 0.18 | 0.18 | 0.18 |