ASSURED GUARANTY LTD AGO

Financials SIC 6351 - Surety Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers derived NYSE

Assured Guaranty Ltd. (AGL and, together with its subsidiaries, Assured Guaranty or the Company) is a Bermuda-based holding company that provides, through its wholly-owned operating subsidiaries, credit protection products to the U.S. and non-U.S. public finance (including infrastructure) and structured finance markets. Assured Guaranty also participates in the asset management business.

Through its financial guaranty insurance subsidiaries, the Company applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance, including nonpayment insurance, that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. If an obligor defaults on a scheduled payment due on an obligation, such as scheduled principal or interest payment (collectively, debt service), the Company is required under its unconditional and irrevocable financial guaranty to pay the shortfall of the scheduled amount to the holder of the obligation, but generally cannot be required by the holder to pay on an accelerated basis. The Company markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities as well as to investors in such obligations. The Company guarantees obligations issued principally in the U.S. and the United Kingdom (U.K.), and also guarantees obligations issued in other countries and regions, including Western Europe and Australia. The Company also provides specialty insurance and reinsurance on transactions with risk profiles similar to those of its structured finance exposures written in financial guaranty form.

Last close 69.46 2026-10-23
Market cap $3.05B 2026-06-30 share count
52-week range 67.24 - 92.39

Valuation FY2025 figures against the last close

P/S—
P/E6.8x
P/FCF11.8x
EV/EBITDA—
Dividend yield2.2%
Diluted EPS10.26

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $0$0$53.0M$93.0M$88.0M$89.0M$22.0M$0$0$1.68B
Interest expense ——$90.0M$81.0M$87.0M$85.0M$89.0M$94.0M$97.0M$102.0M
Pre-tax income $662.0M$488.0M$668.0M$148.0M$477.0M$413.0M$464.0M$580.0M$991.0M$1.02B
Income tax $119.0M$96.0M$93.0M$11.0M$58.0M$45.0M$63.0M$59.0M$261.0M$136.0M
Net income $503.0M$376.0M$739.0M$124.0M$389.0M$362.0M$402.0M$521.0M$730.0M$881.0M
EPS, basic 10.397.0112.541.955.294.224.044.736.056.61
EPS, diluted 10.266.8712.301.925.234.194.004.685.966.56
Shares, diluted (wtd. avg.) 48.7M54.3M59.6M63.9M74.3M86.2M100.2M111.3M122.3M134.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $419.0M$128.0M$286.0M$207.0M$342.0M$298.0M$183.0M$104.0M$144.0M$127.0M
Short-term investments $903.0M$1.22B$1.66B$810.0M$1.23B$851.0M$1.27B$729.0M$627.0M$590.0M
Goodwill ——$0$117.0M$117.0M$117.0M$117.0M$0——
Other intangibles ——$0$40.0M$52.0M$64.0M$77.0M$2.0M——
Total assets $12.18B$11.90B$12.54B$16.84B$18.21B$15.33B$14.33B$13.60B$14.43B$14.15B
Long-term debt $1.70B$1.70B$1.69B$1.68B$1.67B$1.22B$1.24B$1.23B$1.29B$1.31B
Total liabilities $6.39B$6.35B$6.77B$11.55B$11.71B$8.63B$7.67B$7.05B$7.59B$7.65B
Retained earnings $5.83B$5.88B$6.07B$5.58B$5.99B$6.14B$6.29B$6.37B$5.89B$5.29B
Total equity $5.66B$5.50B$5.76B$5.29B$6.48B$6.68B$6.64B$6.55B$6.84B$6.50B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $259.0M$47.0M$461.0M-$2.48B-$1.94B-$853.0M-$509.0M$462.0M$433.0M-$132.0M
Investing cash flow $641.0M$780.0M$286.0M$1.74B$23.0M$788.0M$1.17B$297.0M$345.0M$1.08B
Financing cash flow -$616.0M-$983.0M-$670.0M$612.0M$1.96B$183.0M-$584.0M-$795.0M-$766.0M-$978.0M
Dividends paid $68.0M$68.0M$67.0M$64.0M$66.0M$69.0M$74.0M$71.0M$70.0M$69.0M
Buybacks $500.0M$502.0M$199.0M$500.0M$496.0M$446.0M$500.0M$500.0M$501.0M$306.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001273813-26-000011.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2016: 1.7B Net income, FY2016: 881M Revenue, FY2017: 0 Net income, FY2017: 730M Revenue, FY2018: 0 Net income, FY2018: 521M Revenue, FY2019: 22M Net income, FY2019: 402M Revenue, FY2020: 89M Net income, FY2020: 362M Revenue, FY2021: 88M Net income, FY2021: 389M Revenue, FY2022: 93M Net income, FY2022: 124M Revenue, FY2023: 53M Net income, FY2023: 739M Revenue, FY2024: 0 Net income, FY2024: 376M Revenue, FY2025: 0 Net income, FY2025: 503M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.68B $0 $0 $22.0M $89.0M $88.0M $93.0M $53.0M $0 $0
Gross profit — — — — — — — — — —
Net income $881.0M $730.0M $521.0M $402.0M $362.0M $389.0M $124.0M $739.0M $376.0M $503.0M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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