Assured Guaranty Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	371	380	403	344	494	414
Investment Income	364	359	340	365	269	269
Net Gains on Investments	-39	-40	9	-14	-56	15
Total Other Revenues	330	411	120	678	16	150
Revenue	1,026	1,110	872	1,373	723	848
Revenue Growth (YoY)	5.56%	27.29%	-36.49%	89.90%	-14.74%	-23.95%
Insurance Benefits & Claims	40	56	-26	162	16	-220
Policy Amortization Costs	22	22	20	13	14	14
Investment Expense	68	-	-	-	-	-
Other Operating Expenses	389	383	361	468	425	409
Operating Income	507	649	517	730	268	645
Interest Expense	-89	-89	-91	-90	-81	-87
Other Non-Operating Income (Expense)	80	102	62	28	-39	-81
Total Non-Operating Income (Expense)	-9	13	-29	-62	-120	-168
Pretax Income	498	662	488	668	148	477
Provision for Income Taxes	55	-	-	-	-	-
Net Income	415	503	376	739	124	389
Minority Interest in Earnings	28	40	16	22	13	30
Net Income to Common	415	503	376	739	124	389
Net Income Growth	-6.32%	33.78%	-49.12%	495.97%	-68.12%	7.46%
Shares Outstanding (Basic)	47	48	53	58	63	74
Shares Outstanding (Diluted)	47	49	54	60	64	74
Shares Change (YoY)	-10.24%	-10.31%	-8.89%	-6.73%	-14.00%	-13.80%
EPS (Basic)	8.80	10.39	7.01	12.54	1.95	5.29
EPS (Diluted)	8.70	10.26	6.87	12.30	1.92	5.23
EPS Growth	3.94%	49.34%	-44.15%	540.63%	-63.29%	24.82%
Shares Outstanding	44.59	45.18	50.51	56.22	59.01	67.52
Free Cash Flow	362	259	47	461	-2,479	-1,937
Free Cash Flow Growth	39.77%	451.06%	-89.81%	-	-	-
Free Cash Flow Per Share	7.65	5.32	0.87	7.73	-38.80	-26.07
Dividends Per Share	1.400	1.360	1.240	1.120	1.000	0.880
Dividend Growth	2.94%	9.68%	10.71%	12.00%	13.64%	10.00%
Operating Margin	49.42%	58.47%	59.29%	53.17%	37.07%	76.06%
Profit Margin	43.18%	48.92%	44.95%	55.43%	18.95%	49.41%
FCF Margin	35.28%	23.33%	5.39%	33.58%	-342.88%	-228.42%
EBITDA	507	649	517	730	268	645
EBIT	507	649	517	730	268	645
EBIT Margin	49.42%	58.47%	59.29%	53.17%	37.07%	76.06%
Effective Tax Rate	11.04%	0.00%	0.00%	0.00%	0.00%	0.00%

SEC Filings: 10-K · 10-Q