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Insurance - Specialty · Financial Services · Fiscal year ends Dec 31
Assured Guaranty reported revenue of $0 in the fiscal year ended Dec 2025. Net income was $503M. Net debt was $1.3B.
Ranks among the 10 insurance - specialty companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 88.0 | 93.0 | 53.0 | 0.0 | 0.0 |
| Operating incomederived: pre-tax income + interest | 564 | 229 | 758 | 579 | 751 |
| Interest expense | 87.0 | 81.0 | 90.0 | 91.0 | 89.0 |
| Pre-tax income | 477 | 148 | 668 | 488 | 662 |
| Income tax | 58.0 | 11.0 | −93.0 | 96.0 | 119 |
| Net income | 389 | 124 | 739 | 376 | 503 |
| Diluted EPS | 5.23 | 1.92 | 12.30 | 6.87 | 10.26 |
| Diluted shares | 74.3 | 63.9 | 59.6 | 54.3 | 48.7 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 342 | 207 | 286 | 128 | 419 |
| Goodwill | 117 | 117 | 0.0 | – | – |
| Total assets | 18,208 | 16,843 | 12,539 | 11,901 | 12,176 |
| Long-term debt | 1,673 | 1,675 | 1,694 | 1,699 | 1,704 |
| Total liabilities | 11,708 | 11,551 | 6,774 | 6,348 | 6,387 |
| Shareholders' equity | 6,292 | 5,064 | 5,713 | 5,495 | 5,663 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −1,937 | −2,479 | 461 | 47.0 | 259 |
| Acquisitions | 0.0 | – | – | – | – |
| Share buybacks | 496 | 500 | 199 | 502 | 500 |
| Dividends paid | 66.0 | 64.0 | 67.0 | 68.0 | 68.0 |
| Dividend per share | 0.88 | 1.00 | 1.12 | 1.24 | 1.36 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 5.7% | −43.0% | −100.0% | – |
| Operating income growth (YoY) | – | −59.4% | 231.0% | −23.6% | 29.7% |
| EPS growth (YoY) | – | −63.3% | 540.6% | −44.1% | 49.3% |
| Operating margin | 640.9% | 246.2% | 1430.2% | – | – |
| Net margin | 442.0% | 133.3% | 1394.3% | – | – |
| Return on equityBlank when equity is negative | 6.2% | 2.4% | 12.9% | 6.8% | 8.9% |
| Cash conversion (CFO ÷ net income) | −4.98x | −20.0x | 0.62x | 0.13x | 0.51x |
| Interest cover | 6.48x | 2.83x | 8.42x | 6.36x | 8.44x |
| Debt ÷ equity | 0.27x | 0.33x | 0.30x | 0.31x | 0.30x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 1,331 | 1,468 | 1,408 | 1,571 | 1,285 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.