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

Assured Guaranty Ltd (AGO) reported diluted earnings per share of $10.26 for fiscal year 2025. This represents a 49.3% 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.

Assured Guaranty Ltd Financials

AGO

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Assured Guaranty Ltd (AGO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Rhea AI AGO FY2025 2026-05-08

Assured Guaranty’s recent pattern is a lighter liability base paired with buyback-led per-share growth, not debt reduction.

From FY2022 to FY2025, total liabilities fell by roughly $5.2B while long-term debt stayed near $1.7B, so the balance sheet became less burdened mainly because obligations elsewhere shrank, not because the company paid down borrowings. That matters because ROE improved from 2.5% to 8.9% on a similar equity base, pointing to a cleaner liability structure as much as better earnings.

Capital returns are overwhelmingly repurchase-driven: buybacks were about $500M in both FY2024 and FY2025, versus only $68M of dividends each year. With shares outstanding down from 56.2M to 45.2M since FY2023, EPS growth is getting a meaningful lift from a smaller share count, not just from higher net income.

The weaker point is cash conversion. FY2025 net income reached $503M, but operating cash flow was only $259M; after a stronger FY2023, that gap suggests reported earnings turn into cash unevenly. Cash still rose to $419M from $128M in FY2024 even as financing cash flow stayed negative, implying internal liquidity improved despite continued capital returns.

Financial Health Signals

Financial Profile 24/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Assured Guaranty Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Assured Guaranty Ltd's revenue surged 27.3% year-over-year to $1.1B, reflecting rapid business expansion. This strong growth earns a score of 17/100.

Leverage

Assured Guaranty Ltd carries a low D/E ratio of 0.30, meaning only $0.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Returns

Assured Guaranty Ltd's ROE of 8.9% shows moderate profitability relative to equity, earning a score of 31/100. This is up from 6.8% the prior year.

Piotroski F-Score Neutral

6/9

Assured Guaranty Ltd passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.51x

For every $1 of reported earnings, Assured Guaranty Ltd generates $0.51 in operating cash flow ($259.0M OCF vs $503.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.1B

YoY+27.3%

5Y CAGR-0.1%

10Y CAGR-6.6%

Assured Guaranty Ltd generated $1.1B in revenue in fiscal year 2025. This represents an increase of 27.3% from the prior year.

EBITDA

N/A

Net Income

$503.0M

YoY+33.8%

5Y CAGR+6.8%

10Y CAGR-7.1%

Assured Guaranty Ltd reported $503.0M in net income in fiscal year 2025. This represents an increase of 33.8% from the prior year.

EPS (Diluted)

$10.26

YoY+49.3%

5Y CAGR+19.6%

10Y CAGR+3.8%

Assured Guaranty Ltd earned $10.26 per diluted share (EPS) in fiscal year 2025. This represents an increase of 49.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$419.0M

YoY+227.3%

5Y CAGR+7.1%

10Y CAGR+9.7%

Assured Guaranty Ltd held $419.0M in cash against $1.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.36

YoY+9.7%

5Y CAGR+11.2%

10Y CAGR+11.0%

Assured Guaranty Ltd paid $1.36 per share in dividends in fiscal year 2025. This represents an increase of 9.7% from the prior year.

Shares Outstanding

45M

YoY-10.5%

5Y CAGR-10.2%

10Y CAGR-10.6%

Assured Guaranty Ltd had 45M shares outstanding in fiscal year 2025. This represents a decrease of 10.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

45.3%

YoY+2.2pp

5Y CAGR+12.8pp

10Y CAGR-2.5pp

Assured Guaranty Ltd's net profit margin was 45.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.2 percentage points from the prior year.

Return on Equity

8.9%

YoY+2.0pp

5Y CAGR+3.4pp

10Y CAGR-8.5pp

Assured Guaranty Ltd's ROE was 8.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$500.0M

YoY-0.4%

5Y CAGR+2.3%

10Y CAGR-1.0%

Assured Guaranty Ltd spent $500.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 0.4% from the prior year.

Capital Expenditures

N/A

AGO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.1B+27.3%	$872.0M-36.5%	$1.4B+89.9%	$723.0M-14.7%	$848.0M-23.9%	$1.1B
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	$89.0M-2.2%	$91.0M+1.1%	$90.0M+11.1%	$81.0M-6.9%	$87.0M+2.4%	$85.0M
Income Tax	$119.0M+24.0%	$96.0M+203.2%	-$93.0M-945.5%	$11.0M-81.0%	$58.0M+28.9%	$45.0M
Net Income	$503.0M+33.8%	$376.0M-49.1%	$739.0M+496.0%	$124.0M-68.1%	$389.0M+7.5%	$362.0M
EPS (Diluted)	$10.26+49.3%	$6.87-44.1%	$12.30+540.6%	$1.92-63.3%	$5.23+24.8%	$4.19

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$261.0M-5.8%	$277.0M+33.8%	$207.0M-26.3%	$281.0M-18.6%	$345.0M+121.2%	$156.0M-42.0%	$269.0M+33.2%	$202.0M
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	$102.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$22.0M0.0%	$22.0M0.0%	$22.0M-4.3%	$23.0M+4.5%	$22.0M-4.3%	$23.0M+4.5%	$22.0M-4.3%	$23.0M
Income Tax	-$20.0M-174.1%	$27.0M+28.6%	$21.0M-22.2%	$27.0M-38.6%	$44.0M+450.0%	$8.0M-81.8%	$44.0M+238.5%	$13.0M
Net Income	$88.0M-26.1%	$119.0M+13.3%	$105.0M+1.9%	$103.0M-41.5%	$176.0M+877.8%	$18.0M-89.5%	$171.0M+119.2%	$78.0M
EPS (Diluted)	$1.91	N/A	$2.18+4.8%	$2.08-39.5%	$3.44	N/A	$3.17+124.8%	$1.41

AGO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$12.2B+2.3%	$11.9B-5.1%	$12.5B-25.6%	$16.8B-7.5%	$18.2B+18.7%	$15.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$419.0M+227.3%	$128.0M-55.2%	$286.0M+38.2%	$207.0M-39.5%	$342.0M+14.8%	$298.0M
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	N/A	$0-100.0%	$117.0M0.0%	$117.0M0.0%	$117.0M
Total Liabilities	$6.4B+0.6%	$6.3B-6.3%	$6.8B-41.4%	$11.6B-1.3%	$11.7B+35.7%	$8.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.7B+0.3%	$1.7B+0.3%	$1.7B+1.1%	$1.7B+0.1%	$1.7B+36.7%	$1.2B
Total Equity	$5.7B+3.1%	$5.5B-3.8%	$5.7B+12.8%	$5.1B-19.5%	$6.3B-5.3%	$6.6B
Retained Earnings	$5.8B-0.8%	$5.9B-3.2%	$6.1B+8.8%	$5.6B-6.9%	$6.0B-2.5%	$6.1B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$12.6B+3.8%	$12.2B+0.6%	$12.1B0.0%	$12.1B+1.3%	$11.9B+0.3%	$11.9B-3.2%	$12.3B+1.7%	$12.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$333.0M-20.5%	$419.0M+155.5%	$164.0M-49.5%	$325.0M+78.6%	$182.0M+42.2%	$128.0M-26.4%	$174.0M+59.6%	$109.0M
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	N/A	N/A
Total Liabilities	$7.1B+10.7%	$6.4B+0.4%	$6.4B0.0%	$6.4B+1.4%	$6.3B-1.1%	$6.3B-2.5%	$6.5B+0.2%	$6.5B
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+0.1%	$1.7B+0.1%	$1.7B+0.1%	$1.7B+0.1%	$1.7B
Total Equity	$5.5B-2.1%	$5.7B+0.1%	$5.7B+0.4%	$5.6B+0.8%	$5.6B+1.7%	$5.5B-4.1%	$5.7B+3.4%	$5.5B
Retained Earnings	$5.8B-0.2%	$5.8B-0.1%	$5.8B-0.4%	$5.9B-0.7%	$5.9B+0.4%	$5.9B-1.3%	$6.0B+0.5%	$5.9B

AGO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$259.0M+451.1%	$47.0M-89.8%	$461.0M+118.6%	-$2.5B-28.0%	-$1.9B-127.1%	-$853.0M
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	$641.0M-17.8%	$780.0M+172.7%	$286.0M-83.6%	$1.7B+7465.2%	$23.0M-97.1%	$788.0M
Financing Cash Flow	-$616.0M+37.3%	-$983.0M-46.7%	-$670.0M-209.5%	$612.0M-68.8%	$2.0B+971.0%	$183.0M
Dividends Paid	$68.0M0.0%	$68.0M+1.5%	$67.0M+4.7%	$64.0M-3.0%	$66.0M-4.3%	$69.0M
Share Buybacks	$500.0M-0.4%	$502.0M+152.3%	$199.0M-60.2%	$500.0M+0.8%	$496.0M+11.2%	$446.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$190.0M+387.2%	$39.0M-29.1%	$55.0M-29.5%	$78.0M-10.3%	$87.0M+89.1%	$46.0M+170.6%	$17.0M-70.7%	$58.0M
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	-$60.0M-116.5%	$363.0M+597.3%	-$73.0M-133.6%	$217.0M+61.9%	$134.0M-43.2%	$236.0M+15.7%	$204.0M+134.5%	$87.0M
Financing Cash Flow	-$214.0M-43.6%	-$149.0M-6.4%	-$140.0M+10.8%	-$157.0M+7.6%	-$170.0M+47.5%	-$324.0M-103.8%	-$159.0M+8.1%	-$173.0M
Dividends Paid	$19.0M+26.7%	$15.0M-11.8%	$17.0M0.0%	$17.0M-10.5%	$19.0M+18.8%	$16.0M0.0%	$16.0M-5.9%	$17.0M
Share Buybacks	$75.0M-42.7%	$131.0M+11.0%	$118.0M-9.9%	$131.0M+9.2%	$120.0M+33.3%	$90.0M-31.3%	$131.0M-13.8%	$152.0M

AGO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	45.3%+2.2pp	43.1%-10.7pp	53.8%+36.7pp	17.2%-28.7pp	45.9%+13.4pp	32.5%
Return on Equity	8.9%+2.0pp	6.8%-6.1pp	12.9%+10.5pp	2.5%-3.7pp	6.2%+0.7pp	5.5%
Return on Assets	4.1%+1.0pp	3.2%-2.7pp	5.9%+5.2pp	0.7%-1.4pp	2.1%-0.2pp	2.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.300.0	0.31+0.0	0.30-0.0	0.33+0.1	0.27+0.1	0.18
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	39.1%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	33.7%-9.2pp	43.0%-7.8pp	50.7%+14.1pp	36.6%-14.4pp	51.0%+39.5pp	11.5%-52.0pp	63.6%+25.0pp	38.6%
Return on Equity	1.6%-0.5pp	2.1%+0.2pp	1.9%+0.0pp	1.8%-1.3pp	3.1%+2.8pp	0.3%-2.7pp	3.0%+1.6pp	1.4%
Return on Assets	0.7%-0.3pp	1.0%+0.1pp	0.9%+0.0pp	0.9%-0.6pp	1.5%+1.3pp	0.1%-1.2pp	1.4%+0.7pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.310.0	0.300.0	0.300.0	0.300.0	0.300.0	0.31+0.0	0.300.0	0.31
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 $1.1B in total revenue for fiscal year 2025. This represents a 27.3% 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 grew by 27.3% year-over-year, from $872.0M to $1.1B in fiscal year 2025.

Is Assured Guaranty Ltd profitable?

Yes, Assured Guaranty Ltd (AGO) reported a net income of $503.0M in fiscal year 2025, with a net profit margin of 45.3%.

How much debt does Assured Guaranty Ltd have?

As of fiscal year 2025, Assured Guaranty Ltd (AGO) had $419.0M 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 45.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Assured Guaranty Ltd pay dividends?

Yes, Assured Guaranty Ltd (AGO) paid $1.36 per share in dividends during fiscal year 2025.

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

Assured Guaranty Ltd (AGO) has a return on equity of 8.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Assured Guaranty Ltd's operating cash flow?

Assured Guaranty Ltd (AGO) generated $259.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Assured Guaranty Ltd's total assets?

Assured Guaranty Ltd (AGO) had $12.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Assured Guaranty Ltd buy back shares?

Yes, Assured Guaranty Ltd (AGO) spent $500.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Assured Guaranty Ltd have outstanding?

Assured Guaranty Ltd (AGO) had 45M shares outstanding as of fiscal year 2025.

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

Assured Guaranty Ltd (AGO) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, 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 4.1% for fiscal year 2025, 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 6 out of 9, indicating neutral 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 to 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 0.51x, considered mixed quality. 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.

How financially healthy is Assured Guaranty Ltd?

Assured Guaranty Ltd (AGO) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.