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AGO logoAssured Guaranty Ltd.(AGO)Earnings, Financials & Key Ratios

AGO•NYSE•Insurance & Managed Care
$82.01
$3.83B mkt cap·11.9× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustrySpecialty InsuranceSub-IndustryFinancial Guaranty and Credit Enhancement
AboutAssured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates in two segments, Insurance and Asset Management. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. The company insures and reinsures various debt obligations, including bonds issued by the United States state governmental authorities; and notes issued to finance infrastructure projects. It also insures and reinsures various the U.S. public finance obligations, such as general obligation, tax-backed, municipal utility, transportation, healthcare, higher education, infrastructure, housing revenue, investor-owned utility, renewable energy, and other public finance bonds. Further, it is involved in insuring and reinsuring of non-U.S. public finance obligations comprising regulated utilities, infrastructure finance, sovereign and sub-sovereign, renewable energy bonds, pooled infrastructure, and other public finance obligations; and the U.S. and non-U.S. Structured finance obligations, including residential mortgage-backed securities, life insurance transactions, consumer receivables securities, pooled corporate obligations, financial products, and other structured finance securities. Additionally, the company offers specialty insurance and reinsurance that include life and aircraft residual value insurance transactions; and asset management services comprising investment advisory services, including management of collateralized loan obligations, and opportunity and liquid strategy funds. It 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. Assured Guaranty Ltd. was incorporated in 2003 and is headquartered in Hamilton, Bermuda.Show more
  • Revenue$814M-19.8%
  • Combined Ratio40.05%+17.1%
  • Net Income$376M-49.1%
  • Return on Equity6.64%-50.3%
  • Medical Cost Ratio-0.74%-104.3%
  • Operating Margin59.95%-8.9%
  • Net Margin46.19%-36.6%
  • ROA3.08%-38.8%
  • Equity / Assets46.66%+1.5%
  • Book Value per Share102.27+5.7%
  • Tangible BV/Share99.02+2.5%
  • Debt/Equity0.31+4.1%
Technical→

AGO Key Insights

Assured Guaranty Ltd. (AGO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 40.0% combined ratio
  • ✓15 consecutive years of dividend growth
  • ✓Low loss ratio of -0.7%
  • ✓Share count reduced 8.9% through buybacks
  • ✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

AGO Price & Volume

Assured Guaranty Ltd. (AGO) stock price & volume — 10-year historical chart

Loading chart...

AGO Growth Metrics

Assured Guaranty Ltd. (AGO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-7.31%
5 Years-2.5%
3 Years5.26%
TTM0%

Profit CAGR

10 Years-10.08%
5 Years-1.33%
3 Years-1.13%
TTM-45.23%

EPS CAGR

10 Years0.93%
5 Years11.42%
3 Years9.45%
TTM-38.28%

Return on Capital

10 Years4.89%
5 Years3.43%
3 Years3.78%
Last Year5.93%

AGO Recent Earnings

Assured Guaranty Ltd. (AGO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 10/12 qtrs (83%)
Q1 2026Latest
Feb 26, 2026
EPS
$2.32
Est $1.54
+50.6%
Revenue
$277M
Est $206M
+34.6%
Q4 2025
Nov 6, 2025
EPS
$2.42
Est $1.54
+57.1%
Revenue
$199M
Est $197M
+1.1%
Q3 2025
Aug 7, 2025
EPS
$1.01
Est $1.57
-35.7%
Revenue
$199M
Est $197M
+1.1%
Q2 2025
May 8, 2025
EPS
$3.18
Est $3.15
+1.0%
Revenue
$345M
Est $232M
+48.9%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 26, 2026
$2.32vs $1.54+50.6%
$277Mvs $206M+34.6%
Q4 2025Nov 6, 2025
$2.42vs $1.54+57.1%
$199Mvs $197M+1.1%
Q3 2025Aug 7, 2025
$1.01vs $1.57-35.7%
$199Mvs $197M+1.1%
Q2 2025May 8, 2025
$3.18vs $3.15+1.0%
$345Mvs $232M+48.9%
Based on last 12 quarters of dataView full earnings history →

AGO Peer Comparison

Assured Guaranty Ltd. (AGO) competitors in Financial Guaranty and Credit Enhancement — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MBI logoMBIMBIA Inc.Direct Competitor308.01M6.10-1.7390.48%-195.51%12.34%
AGM logoAGMFederal Agricultural Mortgage CorporationDirect Competitor1.95B178.9010.76-18.86%15.73%12.57%4.1%17.93
RDN logoRDNRadian Group Inc.Product Competitor4.84B35.749.124.04%45.61%12.38%0.51
MTG logoMTGMGIC Investment CorporationProduct Competitor5.58B26.408.410.49%59.63%14%15.26%0.13
ESNT logoESNTEssent Group Ltd.Product Competitor5.99B61.418.9712.03%53.73%12.25%14.28%0.09
NMIH logoNMIHNMI Holdings, Inc.Product Competitor2.91B38.257.778.39%55.07%15.8%14.16%0.16
PFSI logoPFSIPennyMac Financial Services, Inc.Product Competitor4.54B86.949.35173.81%11.48%12.02%5.35
MCO logoMCOMoody's CorporationSupply Chain79.54B448.6432.828.89%31.86%64.11%3.24%1.75

Compare AGO vs Peers

Assured Guaranty Ltd. (AGO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MBI

Most directly comparable listed peer for AGO.

Scale Benchmark

vs BAC

Larger-name benchmark to compare AGO against a more recognizable public peer.

Peer Set

Compare Top 5

vs MBI, AGM, RDN, MTG

AGO Income Statement

Assured Guaranty Ltd. (AGO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue1.38B1.65B987M924M1.08B698M684M1.01B814M954M
Revenue Growth %-29.41%19.64%-40.22%-6.38%17.32%-35.61%-2.01%48.39%-19.8%0%
Medical Costs & Claims313M407M80M111M219M-206M30M175M-6M88M
Medical Cost Ratio %22.68%24.65%8.11%12.01%20.2%-29.51%4.39%17.24%-0.74%9.22%
Gross Profit
1.07B▲ 0%
1.24B▲ 16.6%
907M▼ 27.1%
813M▼ 10.4%
865M▲ 6.4%
904M▲ 4.5%
654M▼ 27.7%
840M▲ 28.4%
820M▼ 2.4%
866M▲ 0%
Gross Margin %77.32%75.35%91.89%87.99%79.8%129.51%95.61%82.76%100.74%90.78%
Gross Profit Growth %-29.38%16.59%-27.09%-10.36%6.4%4.51%-27.65%28.44%-2.38%-
Operating Expenses50M253M327M349M452M427M506M172M332M339M
OpEx / Revenue %3.62%15.32%33.13%37.77%41.7%61.17%73.98%16.95%40.79%35.53%
Depreciation & Amortization0000000000
Combined Ratio %26.3%39.98%41.24%49.78%61.9%31.66%78.36%34.19%40.05%44.76%
Operating Income
1.02B▲ 0%
991M▼ 2.6%
580M▼ 41.5%
464M▼ 20.0%
413M▼ 11.0%
477M▲ 15.5%
148M▼ 69.0%
668M▲ 351.4%
488M▼ 26.9%
527M▲ 0%
Operating Margin %73.7%60.02%58.76%50.22%38.1%68.34%21.64%65.81%59.95%55.24%
Operating Income Growth %-28.93%-2.56%-41.47%-20%-10.99%15.5%-68.97%351.35%-26.95%-
EBITDA1.12B1.09B674M553M498M564M229M758M579M617M
EBITDA Margin %81.09%65.9%68.29%59.85%45.94%80.8%33.48%74.68%71.13%64.68%
Interest Expense102M97M94M89M85M87M81M90M91M90M
Non-Operating Income-102M-97M-94M-89M-85M-87M-81M-90M-91M-90M
Pretax Income
1.02B▲ 0%
991M▼ 2.6%
580M▼ 41.5%
464M▼ 20.0%
413M▼ 11.0%
477M▲ 15.5%
148M▼ 69.0%
668M▲ 351.4%
488M▼ 26.9%
527M▲ 0%
Pretax Margin %73.7%60.02%58.76%50.22%38.1%68.34%21.64%65.81%59.95%55.24%
Income Tax136M261M59M63M45M58M11M-93M96M100M
Effective Tax Rate %13.37%26.34%10.17%13.58%10.9%12.16%7.43%-13.92%19.67%18.98%
Net Income
881M▲ 0%
730M▼ 17.1%
521M▼ 28.6%
402M▼ 22.8%
362M▼ 10.0%
389M▲ 7.5%
124M▼ 68.1%
739M▲ 496.0%
376M▼ 49.1%
402M▲ 0%
Net Margin %63.84%44.22%52.79%43.51%33.39%55.73%18.13%72.81%46.19%42.14%
Net Income Growth %-16.57%-17.14%-28.63%-22.84%-9.95%7.46%-68.12%495.97%-49.12%-45.23%
EPS (Diluted)
6.56▲ 0%
5.96▼ 9.1%
4.68▼ 21.5%
4.00▼ 14.5%
4.19▲ 4.8%
5.24▲ 25.1%
1.92▼ 63.4%
12.30▲ 540.6%
6.87▼ 44.1%
8.14▲ 0%
EPS Growth %-7.34%-9.15%-21.48%-14.53%4.75%25.06%-63.36%540.63%-44.15%-38.28%
EPS (Basic)6.616.054.744.044.225.291.9612.557.01-
Diluted Shares Outstanding134.1M122.3M111.3M100.2M86.2M74.3M63.9M59.6M54.3M49.4M

AGO Balance Sheet

Assured Guaranty Ltd. (AGO) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets14.15B14.43B13.6B14.33B15.33B18.21B16.84B12.54B11.9B12.1B
Asset Growth %-2.7%1.99%-5.75%5.32%7.04%18.74%-7.5%-25.55%-5.09%-8.47%
Total Investment Assets11.87B12.1B11.44B20.69B10.13B19.11B16.58B9.44B8.81B4M
Long-Term Investments11.7B12B11.39B10.56B9.92B9.69B8.65B1.16B6.32B26.11B
Short-Term Investments10.82B11.3B10.82B10.12B9.62B9.43B7.93B7.97B2.34B2.47B
Total Current Assets10.94B11.75B12.32B12.32B011.72B9.59B008.02B
Cash & Equivalents118M144M104M169M162M120M107M97M121M157M
Receivables0001.29B2.36B2.17B1.55B1.77B1.95B7.95B
Other Current Assets0004.35B-12.15B3.6B2.92B-9.83B-4.41B-453M
Goodwill & Intangibles106M101M129M216M203M175M163M6M176M732M
Goodwill000117M117M117M117M000
Intangible Assets106M101M129M99M86M58M46M6M176M190M
PP&E (Net)-106M-101M10.96B572M1.91B5.27B5.49B366M101M0
Other Assets-11.7B-12B-11.39B-254M-12.04B-195M-114M-1.53B-6.6B-6.62B
Total Liabilities7.65B7.59B7.05B7.67B8.63B11.71B11.55B6.77B6.35B6.36B
Total Debt1.31B1.29B1.23B1.24B1.22B1.67B6.99B1.69B1.7B1.7B
Net Debt1.19B1.15B1.13B1.07B1.06B1.55B6.88B1.6B1.58B1.54B
Long-Term Debt1.31B1.29B1.23B1.24B1.08B1.67B6.87B1.69B1.7B1.7B
Short-Term Debt0000145M023M16M13M0
Total Current Liabilities64M61M1.18B1.08B0928M297M03.99B0
Accounts Payable64M61M030M016M1M000
Deferred Revenue0000043M003.72B3.66B
Other Current Liabilities-64M-61M01.05B-145M299M161M-16M255M-3.66B
Deferred Taxes1000K1000K1000K001000K0000
Other Liabilities005.82B6.44B-1.08B-1.67B9.88B5.08B4.65B4.66B
Total Equity
6.5B▲ 0%
6.84B▲ 5.2%
6.55B▼ 4.2%
6.65B▲ 1.5%
6.71B▲ 0.8%
6.5B▼ 3.1%
5.29B▼ 18.6%
5.76B▲ 8.9%
5.55B▼ 3.7%
5.74B▲ 0%
Equity Growth %7.27%5.15%-4.15%1.48%0.8%-3.06%-18.58%8.94%-3.68%-2.5%
Shareholders Equity6.5B6.84B6.55B6.64B6.64B6.29B5.06B5.71B5.5B5.66B
Minority Interest00013M62M208M228M52M58M79M
Retained Earnings5.29B5.89B6.37B6.29B6.14B5.99B5.58B6.07B5.88B5.84B
Common Stock1M1M1M1M1M1M1M1M1M0
Accumulated OCI149M372M93M342M498M300M-515M-359M-385M-179M
Return on Equity (ROE)14.02%10.94%7.78%6.09%5.42%5.89%2.1%13.37%6.64%7.01%
Return on Assets (ROA)6.14%5.11%3.72%2.88%2.44%2.32%0.71%5.03%3.08%3.32%
Equity / Assets45.96%47.38%48.19%46.43%43.73%35.7%31.42%45.98%46.66%47.41%
Debt / Equity0.20x0.19x0.19x0.19x0.18x0.26x1.32x0.29x0.31x0.31x
Book Value per Share48.5055.9258.8966.3977.7887.4882.8296.73102.27116.13
Tangible BV per Share47.7155.0957.7464.2375.4385.1380.2796.6399.02112.29

AGO Cash Flow Statement

Assured Guaranty Ltd. (AGO) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations-141M433M462M-509M-853M-1.94B-2.48B461M47M47M
Operating CF Growth %-171.15%407.09%6.7%-210.17%-67.58%-127.08%-27.98%118.6%-89.8%398.24%
Operating CF / Revenue %-10.22%26.23%46.81%-55.09%-78.69%-277.51%-362.43%45.42%5.77%4.93%
Net Income881M730M521M137M368M419M137M761M376M402M
Depreciation & Amortization-34M-46M-31M-35M13M12M11M000
Stock-Based Compensation13M16M19M21M25M27M39M00-28M
Deferred Taxes19M250M74M65M58M-38M-3M-156M-4M0
Other Non-Cash Items-27M-26M32M3M-975M-2.36B-1.34B-8M-215M335M
Working Capital Changes-720M-284M-165M-700M-342M2M-1.32B-136M-110M-322M
Cash from Investing1.08B345M297M1.17B788M23M1.74B286M780M514M
Capital Expenditures00000025M000
Acquisitions-435M95M0-233M-19M-79M-25M-198M0-1000K
Purchase of Investments-1.65B-2.55B-2.21B-1.73B-1.47B-1.65B-459M-1.43B-1.35B-1.22B
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K03M
Other Investing620M206M133M187M84M56M81M172M2.13B-69M
Cash from Financing-978M-766M-795M-584M183M1.96B612M-670M-983M-791M
Dividends Paid-69M-70M-71M-74M-69M-66M-64M-67M-68M-69M
Share Repurchases-308M-501M-500M-500M-446M-496M-500M-199M-502M-459M
Stock Issued0000000000
Debt Issuance (Net)-1000K-1000K-1000K1000K1000K1000K1000K-1000K-1000K-2M
Other Financing12M-165M-123M-182M-42M0-57M-248M-38M-398M
Net Change in Cash
-48M▲ 0%
17M▲ 135.4%
-40M▼ 335.3%
79M▲ 297.5%
115M▲ 45.6%
44M▼ 61.7%
-135M▼ 406.8%
79M▲ 158.5%
-158M▼ 300.0%
-9M▲ 0%
Exchange Rate Effect-1000K1000K-1000K1000K-1000K-1000K-1000K1000K-1000K0
Cash at Beginning166M127M144M104M183M298M342M207M286M325M
Cash at End118M144M104M183M298M342M207M286M128M164M
Free Cash Flow
-141M▲ 0%
433M▲ 407.1%
462M▲ 6.7%
-509M▼ 210.2%
-853M▼ 67.6%
-1.94B▼ 127.1%
-2.45B▼ 26.7%
461M▲ 118.8%
47M▼ 89.8%
266M▲ 0%
FCF Growth %-171.15%407.09%6.7%-210.17%-67.58%-127.08%-26.69%118.79%-89.8%30.39%
FCF Margin %-10.22%26.23%46.81%-55.09%-78.69%-277.51%-358.77%45.42%5.77%27.88%
FCF per Share-1.053.544.15-5.08-9.9-26.07-38.47.730.870.87

AGO Key Ratios

Assured Guaranty Ltd. (AGO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Combined Ratio26.3%39.98%41.24%49.78%61.9%31.66%78.36%34.19%40.05%44.76%
Medical Cost Ratio22.68%24.65%8.11%12.01%20.2%-29.51%4.39%17.24%-0.74%9.22%
Return on Equity (ROE)14.02%10.94%7.78%6.09%5.42%5.89%2.1%13.37%6.64%7.01%
Return on Assets (ROA)6.14%5.11%3.72%2.88%2.44%2.32%0.71%5.03%3.08%3.32%
Equity / Assets45.96%47.38%48.19%46.43%43.73%35.7%31.42%45.98%46.66%47.41%
Book Value / Share48.555.9258.8966.3977.7887.4882.8296.73102.27116.13
Debt / Equity0.20x0.19x0.19x0.19x0.18x0.26x1.32x0.29x0.31x0.31x
Revenue Growth-29.41%19.64%-40.22%-6.38%17.32%-35.61%-2.01%48.39%-19.8%0%

AGO SEC Filings & Documents

Assured Guaranty Ltd. (AGO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 23, 2026·SEC

Material company update

Mar 19, 2026·SEC

Material company update

Feb 27, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 9, 2025·SEC

AGO Frequently Asked Questions

Assured Guaranty Ltd. (AGO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Assured Guaranty Ltd. (AGO) saw revenue decline by 19.8% over the past year.

Yes, Assured Guaranty Ltd. (AGO) is profitable, generating $402.0M in net income for fiscal year 2024 (46.2% net margin).

Dividend & Returns

Yes, Assured Guaranty Ltd. (AGO) pays a dividend with a yield of 1.53%. This makes it attractive for income-focused investors.

Assured Guaranty Ltd. (AGO) has a return on equity (ROE) of 6.6%. This is below average, suggesting room for improvement.

Industry Metrics

Assured Guaranty Ltd. (AGO) has a combined ratio of 40.0%. A ratio below 100% indicates underwriting profitability.

Explore More AGO

Assured Guaranty Ltd. (AGO) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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