Assured Guaranty Ltd Financials

AGO

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

3/9

Assured Guaranty Ltd passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.13x

For every $1 of reported earnings, Assured Guaranty Ltd generates $0.13 in operating cash flow ($47.0M OCF vs $376.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Assured Guaranty Ltd (AGO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$872.0M

YoY-36.5%

5Y CAGR-2.0%

10Y CAGR-7.9%

Assured Guaranty Ltd generated $872.0M in revenue in fiscal year 2024. This represents a decrease of 36.5% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$376.0M

YoY-49.1%

5Y CAGR-1.3%

10Y CAGR-10.1%

Assured Guaranty Ltd reported $376.0M in net income in fiscal year 2024. This represents a decrease of 49.1% from the prior year.

EPS (Diluted)

$6.87

YoY-44.1%

5Y CAGR+11.4%

10Y CAGR+0.9%

Assured Guaranty Ltd earned $6.87 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 44.1% from the prior year.

Cash & Debt

$128.0M

YoY-55.2%

5Y CAGR-6.9%

10Y CAGR+5.5%

Assured Guaranty Ltd held $128.0M in cash against $1.7B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.24

YoY+10.7%

5Y CAGR+11.5%

10Y CAGR+10.9%

Assured Guaranty Ltd paid $1.24 per share in dividends in fiscal year 2024. This represents an increase of 10.7% from the prior year.

Shares Outstanding

51M

YoY-10.2%

5Y CAGR-11.5%

10Y CAGR-10.8%

Assured Guaranty Ltd had 51M shares outstanding in fiscal year 2024. This represents a decrease of 10.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

43.1%

YoY-10.7pp

5Y CAGR+1.4pp

10Y CAGR-11.4pp

Assured Guaranty Ltd's net profit margin was 43.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 10.7 percentage points from the prior year.

Return on Equity

6.8%

YoY-6.1pp

5Y CAGR+0.8pp

10Y CAGR-12.1pp

Assured Guaranty Ltd's ROE was 6.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 6.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$502.0M

YoY+152.3%

5Y CAGR+0.1%

10Y CAGR-1.6%

Assured Guaranty Ltd spent $502.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 152.3% from the prior year.

Capital Expenditures

N/A

AGO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$872.0M-36.5%	$1.4B+89.9%	$723.0M-14.7%	$848.0M-23.9%	$1.1B+15.8%	$963.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$91.0M+1.1%	$90.0M+11.1%	$81.0M-6.9%	$87.0M+2.4%	$85.0M-4.5%	$89.0M
Income Tax	$96.0M+203.2%	-$93.0M-945.5%	$11.0M-81.0%	$58.0M+28.9%	$45.0M-28.6%	$63.0M
Net Income	$376.0M-49.1%	$739.0M+496.0%	$124.0M-68.1%	$389.0M+7.5%	$362.0M-10.0%	$402.0M
EPS (Diluted)	$6.87-44.1%	$12.30+540.6%	$1.92-63.3%	$5.23+24.8%	$4.19+4.8%	$4.00

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$207.0M-26.3%	$281.0M-18.6%	$345.0M+121.2%	$156.0M-22.8%	$202.0M-17.6%	$245.0M-25.1%	$327.0M-18.9%	$403.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$22.0M-4.3%	$23.0M+4.5%	$22.0M-4.3%	$23.0M0.0%	$23.0M0.0%	$23.0M0.0%	$23.0M-4.2%	$24.0M
Income Tax	$21.0M-22.2%	$27.0M-38.6%	$44.0M+450.0%	$8.0M-38.5%	$13.0M-58.1%	$31.0M+117.5%	-$177.0M-511.6%	$43.0M
Net Income	$105.0M+1.9%	$103.0M-41.5%	$176.0M+877.8%	$18.0M-76.9%	$78.0M-28.4%	$109.0M-71.0%	$376.0M+139.5%	$157.0M
EPS (Diluted)	$2.18+4.8%	$2.08-39.5%	$3.44+760.0%	$0.40-71.6%	$1.41-25.4%	$1.89-70.0%	$6.30+142.3%	$2.60

AGO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$11.9B-5.1%	$12.5B-25.6%	$16.8B-7.5%	$18.2B+18.7%	$15.3B+7.0%	$14.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$128.0M-55.2%	$286.0M+38.2%	$207.0M-39.5%	$342.0M+14.8%	$298.0M+62.8%	$183.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	$0-100.0%	$117.0M0.0%	$117.0M0.0%	$117.0M0.0%	$117.0M
Total Liabilities	$6.3B-6.3%	$6.8B-41.4%	$11.6B-1.3%	$11.7B+35.7%	$8.6B+12.4%	$7.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.7B+0.3%	$1.7B+1.1%	$1.7B+0.1%	$1.7B+36.7%	$1.2B-0.9%	$1.2B
Total Equity	$5.5B-3.8%	$5.7B+12.8%	$5.1B-19.5%	$6.3B-5.3%	$6.6B+0.1%	$6.6B
Retained Earnings	$5.9B-3.2%	$6.1B+8.8%	$5.6B-6.9%	$6.0B-2.5%	$6.1B-2.4%	$6.3B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$12.1B0.0%	$12.1B+1.3%	$11.9B+0.3%	$11.9B-1.5%	$12.1B-0.7%	$12.2B-3.0%	$12.5B+5.0%	$11.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$164.0M-49.5%	$325.0M+78.6%	$182.0M+42.2%	$128.0M+17.4%	$109.0M-20.4%	$137.0M-52.1%	$286.0M+148.7%	$115.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$0	N/A
Total Liabilities	$6.4B0.0%	$6.4B+1.4%	$6.3B-1.1%	$6.3B-2.2%	$6.5B+0.1%	$6.5B-4.3%	$6.8B+2.0%	$6.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.7B+0.1%	$1.7B+0.1%	$1.7B+0.1%	$1.7B+0.2%	$1.7B+0.1%	$1.7B+0.1%	$1.7B+0.1%	$1.7B
Total Equity	$5.7B+0.4%	$5.6B+0.8%	$5.6B+1.7%	$5.5B-0.8%	$5.5B-1.6%	$5.6B-1.5%	$5.7B+8.8%	$5.3B
Retained Earnings	$5.8B-0.4%	$5.9B-0.7%	$5.9B+0.4%	$5.9B-0.9%	$5.9B-1.4%	$6.0B-0.9%	$6.1B+4.4%	$5.8B

AGO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$47.0M-89.8%	$461.0M+118.6%	-$2.5B-28.0%	-$1.9B-127.1%	-$853.0M-67.6%	-$509.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$780.0M+172.7%	$286.0M-83.6%	$1.7B+7465.2%	$23.0M-97.1%	$788.0M-32.6%	$1.2B
Financing Cash Flow	-$983.0M-46.7%	-$670.0M-209.5%	$612.0M-68.8%	$2.0B+971.0%	$183.0M+131.3%	-$584.0M
Dividends Paid	$68.0M+1.5%	$67.0M+4.7%	$64.0M-3.0%	$66.0M-4.3%	$69.0M-6.8%	$74.0M
Share Buybacks	$502.0M+152.3%	$199.0M-60.2%	$500.0M+0.8%	$496.0M+11.2%	$446.0M-10.8%	$500.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$55.0M-29.5%	$78.0M-10.3%	$87.0M+89.1%	$46.0M-20.7%	$58.0M+178.4%	-$74.0M-136.5%	$203.0M+214.0%	-$178.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$73.0M-133.6%	$217.0M+61.9%	$134.0M-43.2%	$236.0M+171.3%	$87.0M-65.6%	$253.0M+145.6%	$103.0M-66.9%	$311.0M
Financing Cash Flow	-$140.0M+10.8%	-$157.0M+7.6%	-$170.0M+47.5%	-$324.0M-87.3%	-$173.0M+47.1%	-$327.0M-138.7%	-$137.0M+31.5%	-$200.0M
Dividends Paid	$17.0M0.0%	$17.0M-10.5%	$19.0M+18.8%	$16.0M-5.9%	$17.0M-10.5%	$19.0M+18.8%	$16.0M0.0%	$16.0M
Share Buybacks	$118.0M-9.9%	$131.0M+9.2%	$120.0M+33.3%	$90.0M-40.8%	$152.0M+17.8%	$129.0M+18.3%	$109.0M+70.3%	$64.0M

AGO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	43.1%-10.7pp	53.8%+36.7pp	17.2%-28.7pp	45.9%+13.4pp	32.5%-9.3pp	41.7%
Return on Equity	6.8%-6.1pp	12.9%+10.5pp	2.5%-3.7pp	6.2%+0.7pp	5.5%-0.6pp	6.1%
Return on Assets	3.2%-2.7pp	5.9%+5.2pp	0.7%-1.4pp	2.1%-0.2pp	2.4%-0.5pp	2.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.31+0.0	0.30-0.0	0.33+0.1	0.27+0.1	0.180.0	0.19
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	50.7%+14.1pp	36.6%-14.4pp	51.0%+39.5pp	11.5%-27.1pp	38.6%-5.9pp	44.5%-70.5pp	115.0%+76.0pp	39.0%
Return on Equity	1.9%+0.0pp	1.8%-1.3pp	3.1%+2.8pp	0.3%-1.1pp	1.4%-0.5pp	1.9%-4.6pp	6.6%+3.6pp	3.0%
Return on Assets	0.9%+0.0pp	0.9%-0.6pp	1.5%+1.3pp	0.1%-0.5pp	0.7%-0.2pp	0.9%-2.1pp	3.0%+1.7pp	1.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.300.0	0.300.0	0.300.0	0.310.0	0.310.0	0.300.0	0.30-0.0	0.32
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Assured Guaranty Ltd's annual revenue?

Assured Guaranty Ltd (AGO) reported $872.0M in total revenue for fiscal year 2024. This represents a -36.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Assured Guaranty Ltd's revenue growing?

Assured Guaranty Ltd (AGO) revenue declined by 36.5% year-over-year, from $1.4B to $872.0M in fiscal year 2024.

Is Assured Guaranty Ltd profitable?

Yes, Assured Guaranty Ltd (AGO) reported a net income of $376.0M in fiscal year 2024, with a net profit margin of 43.1%.

What is Assured Guaranty Ltd's earnings per share (EPS)?

Assured Guaranty Ltd (AGO) reported diluted earnings per share of $6.87 for fiscal year 2024. This represents a -44.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Assured Guaranty Ltd have?

As of fiscal year 2024, Assured Guaranty Ltd (AGO) had $128.0M in cash and equivalents against $1.7B in long-term debt.

What is Assured Guaranty Ltd's net profit margin?

Assured Guaranty Ltd (AGO) had a net profit margin of 43.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Assured Guaranty Ltd pay dividends?

Yes, Assured Guaranty Ltd (AGO) paid $1.24 per share in dividends during fiscal year 2024.

What is Assured Guaranty Ltd's return on equity (ROE)?

Assured Guaranty Ltd (AGO) has a return on equity of 6.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Assured Guaranty Ltd's operating cash flow?

Assured Guaranty Ltd (AGO) generated $47.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Assured Guaranty Ltd's total assets?

Assured Guaranty Ltd (AGO) had $11.9B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Assured Guaranty Ltd buy back shares?

Yes, Assured Guaranty Ltd (AGO) spent $502.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Assured Guaranty Ltd have outstanding?

Assured Guaranty Ltd (AGO) had 51M shares outstanding as of fiscal year 2024.

What is Assured Guaranty Ltd's debt-to-equity ratio?

Assured Guaranty Ltd (AGO) had a debt-to-equity ratio of 0.31 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Assured Guaranty Ltd's return on assets (ROA)?

Assured Guaranty Ltd (AGO) had a return on assets of 3.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Assured Guaranty Ltd's Piotroski F-Score?

Assured Guaranty Ltd (AGO) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Assured Guaranty Ltd's earnings high quality?

Assured Guaranty Ltd (AGO) has an earnings quality ratio of 0.13x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.