Assured Guaranty Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	377	403	344	494	414	485
Total Interest & Dividend Income	363	340	365	269	269	297
Gain (Loss) on Sale of Investments	-3	51	25	-66	-13	17
Other Revenue	174	36	163	28	-14	135
Total Revenue	911	830	950	818	744	1,023
Revenue Growth (YoY)	5.08%	-12.63%	16.14%	9.95%	-27.27%	8.60%
Policy Benefits	66	-26	162	16	-220	203
Policy Acquisition & Underwriting Costs	22	20	13	14	14	16
Other Operating Expenses	160	153	217	167	163	197
Total Operating Expenses	457	349	643	455	187	644
Operating Income	454	481	307	363	557	379
Interest Expense	-90	-91	-90	-81	-87	-85
Earnings From Equity Investments	91	62	28	-39	94	27
Currency Exchange Gain (Loss)	23	-27	53	-112	-23	39
EBT Excluding Unusual Items	478	425	298	131	541	360
Gain (Loss) on Sale of Assets	-	-	262	-	-	-
Asset Writedown	49	63	88	17	111	41
Legal Settlements	-	-	20	-	-	-
Other Unusual Items	-	-	-	-	-175	12
Pretax Income	527	488	668	148	477	413
Income Tax Expense	100	96	-93	11	58	45
Earnings From Continuing Ops.	427	392	761	137	419	368
Minority Interest in Earnings	-25	-16	-22	-13	-30	-6
Net Income	402	376	739	124	389	362
Preferred Dividends & Other Adjustments	2	3	6	1	-	1
Net Income to Common	400	373	733	123	389	361
Net Income Growth	-45.23%	-49.12%	495.97%	-68.12%	7.46%	-9.95%
Shares Outstanding (Basic)	49	53	58	63	74	86
Shares Outstanding (Diluted)	50	54	60	64	74	86
Shares Change (YoY)	-10.80%	-8.89%	-6.73%	-14.00%	-13.80%	-13.97%
EPS (Basic)	8.11	7.00	12.55	1.96	5.29	4.22
EPS (Diluted)	8.00	6.87	12.30	1.92	5.23	4.19
EPS Growth	-38.59%	-44.15%	540.63%	-63.29%	24.82%	4.75%
Dividend Per Share	1.330	1.240	1.120	1.000	0.880	0.800
Dividend Growth	9.92%	10.71%	12.00%	13.64%	10.00%	11.11%
Operating Margin	49.84%	57.95%	32.32%	44.38%	74.87%	37.05%
Profit Margin	43.91%	44.94%	77.16%	15.04%	52.29%	35.29%
EBITDA	-	483	309	374	569	392
EBITDA Margin	-	58.19%	32.53%	45.72%	76.48%	38.32%
D&A For EBITDA	-	2	2	11	12	13
EBIT	454	481	307	363	557	379
EBIT Margin	49.84%	57.95%	32.32%	44.38%	74.87%	37.05%
Effective Tax Rate	18.98%	19.67%	-	7.43%	12.16%	10.90%
Revenue as Reported	872	872	1,373	723	848	1,115

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.