NYSE · Financial Statements

Assured Guaranty Ltd. (AGO) Financial Statements

$69.46 NYSE: AGO Market Cap $3.05B

Assured Guaranty Ltd. most recently reported annual revenue of $788.0M, net profit of $503.0M. Revenue declined at an average annual rate of 6.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Assured Guaranty Ltd.: Revenue fell from $1.4B in 2016 to $788.0M in 2025, a change of -42.9% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 73.7% to 84.0%, a shift of +10.3 percentage points; the most recent year shows net profit of $503.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.4B$1.7B$987.0M$924.0M$1.1B$698.0M$684.0M$1.0B$814.0M$788.0M
Operating Expenses$363.0M$660.0M$407.0M$460.0M$671.0M$221.0M$536.0M$347.0M$326.0M$126.0M
Operating Profit$1.0B$991.0M$580.0M$464.0M$413.0M$477.0M$148.0M$668.0M$488.0M$662.0M
Operating Margin73.7%60.0%58.8%50.2%38.1%68.3%21.6%65.8%60.0%84.0%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$102.0M$97.0M$94.0M$89.0M$85.0M$87.0M$81.0M$90.0M$91.0M$89.0M
Depreciation$0$0$0$0$13.0M$12.0M$11.0M$0$0$0
Profit Before Tax$1.0B$991.0M$580.0M$464.0M$413.0M$477.0M$148.0M$668.0M$488.0M$662.0M
Tax$13.4M$26.3M$10.2M$13.6M$10.9M$12.2M$7.4M$-13.9M$19.7M$18.0M
Net Profit$881.0M$730.0M$521.0M$402.0M$362.0M$389.0M$124.0M$739.0M$376.0M$503.0M
EPS$6.56$5.96$4.68$4.00$4.19$5.24$1.92$12.30$6.87$10.18
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$154.0M$282.0M$226.0M$194.0M$252.0M$152.0M$325.0M$278.0M$199.0M$213.0M$261.0M$197.0M
Operating Expenses$-48.0M$80.0M$82.0M$100.0M$32.0M$122.0M$96.0M$145.0M$64.0M$48.0M$227.0M$148.0M
Operating Profit$202.0M$202.0M$144.0M$94.0M$220.0M$30.0M$229.0M$133.0M$135.0M$165.0M$34.0M$49.0M
Operating Margin131.2%71.6%63.7%48.5%87.3%19.7%70.5%47.8%67.8%77.5%13.0%24.9%
Interest$24.0M$23.0M$23.0M$23.0M$22.0M$23.0M$22.0M$23.0M$22.0M$22.0M$22.0M$22.0M
Profit Before Tax$202.0M$202.0M$144.0M$94.0M$220.0M$30.0M$229.0M$133.0M$135.0M$165.0M$65.0M$49.0M
Tax$21.3M$-87.6M$21.5M$13.8M$20.0M$26.7M$19.2M$20.3M$15.6M$16.4M$-30.8M$18.4M
Net Profit$157.0M$376.0M$109.0M$78.0M$171.0M$18.0M$176.0M$103.0M$105.0M$119.0M$88.0M$39.0M
EPS$2.60$6.45$1.89$1.42$3.17$0.35$3.44$2.08$2.11$2.41$1.91$0.87

Over the 10 years reported for Assured Guaranty Ltd., borrowings increased from $1.3B in 2016 to $1.7B in 2025, cash stood at $388.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.13 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$14.2B$14.4B$13.6B$14.3B$15.3B$18.2B$16.8B$12.5B$11.9B$12.2B
Current Assets$10.9B$11.8B$12.3B$12.3B$0$11.7B$9.6B$0$0$4.5B
Cash$118.0M$144.0M$104.0M$169.0M$162.0M$120.0M$107.0M$97.0M$121.0M$388.0M
Inventory$-2.7B$-3.5B$-2.2B$-3.6B$0$-3.6B$-2.9B$0$0$0
Receivables$0$0$0$1.3B$2.4B$2.2B$1.6B$1.8B$1.9B$2.0B
Fixed Assets$-106.0M$-101.0M$11.0B$572.0M$1.9B$5.3B$5.5B$366.0M$101.0M$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$22.5B$23.3B$22.2B$20.7B$19.5B$19.1B$16.6B$9.1B$3.4B$8.7B
Other Assets$0$0$0$117.0M$117.0M$117.0M$117.0M$0$0$0
Total Liabilities$7.6B$7.6B$7.0B$7.7B$8.6B$11.7B$11.6B$6.8B$6.3B$6.4B
Current Liabilities$64.0M$61.0M$1.2B$1.1B$0$928.0M$297.0M$0$0$3.9B
Borrowings$1.3B$1.3B$1.2B$1.2B$1.2B$1.7B$1.7B$1.7B$1.7B$1.7B
Other Liabilities$6.3B$6.3B$5.8B$6.4B$7.4B$10.0B$9.9B$5.1B$4.6B$4.7B
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$0
Reserves$6.5B$6.8B$6.6B$6.6B$6.6B$6.3B$5.1B$5.7B$5.5B$5.7B

For Assured Guaranty Ltd., operating cash flow was positive in 5 of 10 reported years; free cash flow in the latest year was $259.0M; free cash flow was positive in 5 of 10 years; financing activities used $532.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-141.0M$433.0M$462.0M$-509.0M$-853.0M$-1.9B$-2.5B$461.0M$47.0M$259.0M
Investing Cash Flow$1.1B$345.0M$297.0M$1.2B$788.0M$23.0M$1.8B$286.0M$780.0M$641.0M
Financing Cash Flow$-296.0M$-666.0M$-623.0M$-682.0M$-488.0M$-443.0M$-557.0M$-447.0M$-540.0M$-532.0M
Net Cash Flow$-48.0M$17.0M$-40.0M$79.0M$115.0M$44.0M$-135.0M$79.0M$-158.0M$262.0M
Free Cash Flow$-141.0M$433.0M$462.0M$-509.0M$-853.0M$-1.9B$-2.5B$461.0M$47.0M$259.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.47
EV / EBITDA9.86
FCF Yield10.69%
Quick Ratio1.13
Interest Coverage4.35
Return 1Y1.12%
Return 3Y47.57%
Return 5Y96.51%

Assured Guaranty Ltd. (AGO) financials — frequently asked questions

What is Assured Guaranty Ltd.'s annual revenue?

Assured Guaranty Ltd. (AGO) reported annual revenue of $788.0M in its most recent fiscal year.

What is Assured Guaranty Ltd.'s net profit?

Assured Guaranty Ltd. (AGO) reported net profit of $503.0M in its most recent fiscal year.

What is AGO EV/EBITDA?

Assured Guaranty Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 9.86.

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