Assured Guaranty Ltd Financials
Assured Guaranty Ltd (AGO) reported $1.1B in revenue for fiscal year 2025, up 27.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
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 from2.5% to8.9% 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
The weaker point is cash conversion. FY2025 net income reached
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.
Not available for Assured Guaranty Ltd, and counted as zero in the overall score.
Assured Guaranty Ltd passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
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
Earnings & Revenue
Assured Guaranty Ltd generated $1.1B in revenue in fiscal year 2025. This represents an increase of 27.3% from the prior year.
Assured Guaranty Ltd reported $503.0M in net income in fiscal year 2025. This represents an increase of 33.8% from the prior year.
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.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Assured Guaranty Ltd held $419.0M in cash against $1.7B in long-term debt as of fiscal year 2025.
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.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
AGO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $940.0M | $1.1B+27.3% | $872.0M-36.5% | $1.4B+89.9% | $723.0M-14.7% | $848.0M-23.9% | $1.1B+15.8% | $963.0M-3.8% | $1.0B-42.4% | $1.7B+3.7% | $1.7B-24.0% | $2.2B+10.7% | $2.0B+24.0% | $1.6B+68.6% | $954.0M-47.1% | $1.8B |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $178.0M+17.1% | $152.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $88.0M | $89.0M-2.2% | $91.0M+1.1% | $90.0M+11.1% | $81.0M-6.9% | $87.0M+2.4% | $85.0M-4.5% | $89.0M-5.3% | $94.0M-3.1% | $97.0M-4.9% | $102.0M+1.0% | $101.0M+9.8% | $92.0M+12.2% | $82.0M-10.9% | $92.0M-7.1% | $99.0M |
| Income Tax | $37.0M | $119.0M+24.0% | $96.0M+203.2% | -$93.0M-945.5% | $11.0M-81.0% | $58.0M+28.9% | $45.0M-28.6% | $63.0M+6.8% | $59.0M-77.4% | $261.0M+91.9% | $136.0M-63.7% | $375.0M-15.3% | $443.0M+32.6% | $334.0M+1418.2% | $22.0M-91.4% | $256.0M |
| Net Income | $351.0M | $503.0M+33.8% | $376.0M-49.1% | $739.0M+496.0% | $124.0M-68.1% | $389.0M+7.5% | $362.0M-10.0% | $402.0M-22.8% | $521.0M-28.6% | $730.0M-17.1% | $881.0M-16.6% | $1.1B-2.9% | $1.1B+34.7% | $808.0M+634.5% | $110.0M-85.8% | $773.0M |
| EPS (Diluted) | — | $10.26+49.3% | $6.87-44.1% | $12.30+540.6% | $1.92-63.3% | $5.23+24.8% | $4.19+4.8% | $4.00-14.5% | $4.68-21.5% | $5.96-9.1% | $6.56-7.3% | $7.08+13.1% | $6.26+45.6% | $4.30+654.4% | $0.57 | $0.00 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
AGO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.2B+2.3% | $11.9B-5.1% | $12.5B-25.6% | $16.8B-7.5% | $18.2B+18.7% | $15.3B+7.0% | $14.3B+5.3% | $13.6B-5.8% | $14.4B+2.0% | $14.2B-2.7% | $14.5B-2.5% | $14.9B-8.4% | $16.3B-5.5% | $17.2B-2.6% | $17.7B |
| Cash & Equivalents | $419.0M+227.3% | $128.0M-55.2% | $286.0M+38.2% | $207.0M-39.5% | $342.0M+14.8% | $298.0M+62.8% | $183.0M+76.0% | $104.0M-27.8% | $144.0M+13.4% | $127.0M-23.5% | $166.0M+121.3% | $75.0M-59.2% | $184.0M+33.3% | $138.0M-35.8% | $215.0M |
| Goodwill | N/A | N/A | $0-100.0% | $117.0M0.0% | $117.0M0.0% | $117.0M0.0% | $117.0M | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.4B+0.6% | $6.3B-6.3% | $6.8B-41.4% | $11.6B-1.3% | $11.7B+35.7% | $8.6B+12.4% | $7.7B+8.9% | $7.0B-7.2% | $7.6B-0.7% | $7.6B-9.8% | $8.5B-7.4% | $9.2B-18.0% | $11.2B-8.8% | $12.2B-6.2% | $13.1B |
| 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-0.9% | $1.2B+0.2% | $1.2B-4.6% | $1.3B-1.1% | $1.3B+0.5% | $1.3B+0.2% | $1.3B+58.9% | $816.0M-2.4% | $836.0M-19.5% | $1.0B |
| Total Equity | $5.7B+3.1% | $5.5B-3.8% | $5.7B+12.8% | $5.1B-19.5% | $6.3B-5.3% | $6.6B+0.1% | $6.6B+1.3% | $6.6B-4.2% | $6.8B+5.2% | $6.5B+7.3% | $6.1B+5.3% | $5.8B+12.6% | $5.1B+2.4% | $5.0B+7.4% | $4.7B |
| Retained Earnings | $5.8B-0.8% | $5.9B-3.2% | $6.1B+8.8% | $5.6B-6.9% | $6.0B-2.5% | $6.1B-2.4% | $6.3B-1.2% | $6.4B+8.2% | $5.9B+11.4% | $5.3B+18.1% | $4.5B+28.2% | $3.5B+40.8% | $2.5B+41.9% | $1.7B+2.4% | $1.7B |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.
AGO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $324.0M | $259.0M+451.1% | $47.0M-89.8% | $461.0M+118.6% | -$2.5B-28.0% | -$1.9B-127.1% | -$853.0M-67.6% | -$509.0M-210.2% | $462.0M+6.7% | $433.0M+428.0% | -$132.0M-85.9% | -$71.0M-112.3% | $577.0M+136.5% | $244.0M+247.9% | -$165.0M-124.4% | $675.6M |
| Investing Cash Flow | $255.0M | $641.0M-17.8% | $780.0M+172.7% | $286.0M-83.6% | $1.7B+7465.2% | $23.0M-97.1% | $788.0M-32.6% | $1.2B+293.6% | $297.0M-13.9% | $345.0M-67.9% | $1.1B+8.2% | $994.0M+1135.4% | -$96.0M-114.1% | $681.0M-27.8% | $943.0M+68.1% | $561.0M |
| Financing Cash Flow | -$569.0M | -$616.0M+37.3% | -$983.0M-46.7% | -$670.0M-209.5% | $612.0M-68.8% | $2.0B+971.0% | $183.0M+131.3% | -$584.0M+26.5% | -$795.0M-3.8% | -$766.0M+21.7% | -$978.0M-15.5% | -$847.0M-44.8% | -$585.0M+33.4% | -$878.0M-2.6% | -$856.0M+24.4% | -$1.1B |
| Dividends Paid | $68.0M | $68.0M0.0% | $68.0M+1.5% | $67.0M+4.7% | $64.0M-3.0% | $66.0M-4.3% | $69.0M-6.8% | $74.0M+4.2% | $71.0M+1.4% | $70.0M+1.4% | $69.0M-4.2% | $72.0M-5.3% | $76.0M+1.3% | $75.0M+8.7% | $69.0M+109.1% | $33.0M |
| Share Buybacks | $369.0M | $500.0M-0.4% | $502.0M+152.3% | $199.0M-60.2% | $500.0M+0.8% | $496.0M+11.2% | $446.0M-10.8% | $500.0M0.0% | $500.0M-0.2% | $501.0M+63.7% | $306.0M-44.9% | $555.0M-5.9% | $590.0M+123.5% | $264.0M+1000.0% | $24.0M+4.3% | $23.0M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
AGO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 45.3%+2.2pp | 43.1%-10.7pp | 53.8%+36.7pp | 17.2%-28.7pp | 45.9%+13.4pp | 32.5%-9.3pp | 41.7%-10.3pp | 52.0%+10.1pp | 42.0%-10.5pp | 52.5%+4.7pp | 47.9%-6.7pp | 54.6%+4.3pp | 50.2%+38.7pp | 11.5%-31.3pp | 42.8% |
| 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%-0.6pp | 6.1%-1.9pp | 8.0%-2.7pp | 10.7%-2.9pp | 13.6%-3.9pp | 17.4%-1.5pp | 18.9%+3.1pp | 15.8%+13.6pp | 2.2%-14.4pp | 16.6% |
| 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%-0.5pp | 2.8%-1.0pp | 3.8%-1.2pp | 5.1%-1.2pp | 6.2%-1.0pp | 7.3%0.0pp | 7.3%+2.3pp | 5.0%+4.3pp | 0.6%-3.7pp | 4.4% |
| Debt-to-Equity | 0.300.0x | 0.310.0x | 0.300.0x | 0.33+0.1x | 0.27+0.1x | 0.180.0x | 0.190.0x | 0.190.0x | 0.190.0x | 0.200.0x | 0.210.0x | 0.23+0.1x | 0.160.0x | 0.17-0.1x | 0.22 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
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Where Assured Guaranty Ltd Ranks
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.
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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 44 out of 100 on our Financial Health Score, indicating moderate standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.