ASSURED GUARANTY LTD
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
AGO$73.45+2.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
ASSURED GUARANTY LTD.
INDEX TO FORM 10-Q
| Page | ||
|---|---|---|
| PART I | Financial Information | 1 |
| Item 1. | Financial Statements: | 1 |
| Condensed Consolidated Balance Sheets (Unaudited) as of September 30, 2024 and December 31, 2023 | 1 | |
| Condensed Consolidated Statements of Operations (Unaudited) for the Three and Nine Months Ended September 30, 2024 and 2023 | 2 | |
| Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) for the Three and Nine Months Ended September 30, 2024 and 2023 | 3 | |
| Condensed Consolidated Statements of Shareholders’ Equity (Unaudited) for the Three and Nine Months Ended September 30, 2024 and 2023 | 4 | |
| Condensed Consolidated Statements of Cash Flows (Unaudited) for the Nine Months Ended September 30, 2024 and 2023 | 6 | |
| Notes to Condensed Consolidated Financial Statements (Unaudited) | 8 | |
| 1. Business and Basis of Presentation | 8 | |
| 2. Segment Information | 11 | |
| 3. Outstanding Exposure | 15 | |
| 4. Expected Loss to be Paid (Recovered) | 25 | |
| 5. Contracts Accounted for as Insurance | 33 | |
| 6. Contracts Accounted for as Credit Derivatives | 39 | |
| 7. Investments | 41 | |
| 8. Financial Guaranty Variable Interest Entities and Consolidated Investment Vehicles | 46 | |
| 9. Fair Value Measurement | 51 | |
| 10. Income Taxes | 65 | |
| 11. Contingencies | 68 | |
| 12. Shareholders’ Equity | 69 | |
| 13. Earnings Per Share | 72 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 73 |
| Forward Looking Statements | 73 | |
| Available Information | 74 | |
| Overview | 74 | |
| Business | 74 | |
| Economic Environment | 75 | |
| Key Business Strategies | 76 | |
| Executive Summary | 79 | |
| Financial Performance of Assured Guaranty | 80 | |
| Other Matters | 83 | |
| Results of Operations | 83 | |
| Critical Accounting Estimates | 83 | |
| Results of Operations by Segment | 84 | |
| Insurance Segment | 84 | |
| Asset Management Segment | 93 | |
| Corporate | 93 | |
| Other | 94 | |
| Reconciliation to GAAP | 95 | |
| Non-GAAP Financial Measures | 97 | |
| Insured Portfolio | 101 | |
| Liquidity and Capital Resources | 105 | |
| AGL and its U.S. Holding Companies | 105 | |
| Insurance Subsidiaries | 108 | |
| Investment Portfolio | 110 | |
| Lease Obligations | 114 | |
| Financial Guaranty Variable Interest Entities and Consolidated Investment Vehicles | 114 | |
| Condensed Consolidated Cash Flows | 115 | |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 116 |
| Item 4. | Controls and Procedures | 116 |
| PART II | Other Information | 117 |
| Item 1. | Legal Proceedings | 117 |
| Item 1A. | Risk Factors | 117 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 117 |
| Item 5. | Other Matters | 117 |
| Item 6. | Exhibits | 118 |
| Signatures | 119 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.