Assured Guaranty Cash Flow 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 Income	-	543	392	761	137	419
Other Adjustments	-	-141	-46	-540	135	117
Changes in Receivables	-	-18	-80	-157	74	-
Changes in Unearned Premiums	-	-96	62	26	-93	-17
Changes in Claims Reserves	-	-10	-202	35	-1,207	-99
Changes in Income Taxes Payable	-	63	-6	72	-106	64
Changes in Other Operating Activities	-	-82	-73	264	-1,419	-2,421
Operating Cash Flow	362	259	47	461	-2,479	-1,937
Operating Cash Flow Growth	74.04%	451.06%	-89.81%	-	-	-
Purchases of Investments	-1,698	-1,744	-1,474	-754	-459	-1,315
Proceeds from Sale of Investments	2,265	2,324	2,262	1,043	2,202	1,344
Payments for Business Acquisitions	-145	-	-	-	-	-
Proceeds from Business Divestments	-	49	-	-	-	-
Other Investing Activities	-24	12	-8	-3	-3	-6
Investing Cash Flow	447	641	780	286	1,740	23
Long-Term Debt Issued	-	-	-	345	2,363	5,503
Long-Term Debt Repaid	-15	-16	-375	-645	-1,270	-3,034
Net Long-Term Debt Issued (Repaid)	-15	-16	-375	-300	1,093	2,469
Repurchase of Common Stock	-455	-500	-502	-199	-500	-496
Net Common Stock Issued (Repurchased)	-455	-500	-502	-199	-500	-496
Common Dividends Paid	-68	-68	-68	-67	-64	-66
Other Financing Activities	-122	-32	-38	-104	83	53
Financing Cash Flow	-660	-616	-983	-670	612	1,960
Effect of Exchange Rate Changes on Cash and Cash Equivalents	2	7	-2	2	-8	-2
Net Cash Flow	151	291	-158	79	-135	44
Free Cash Flow	362	259	47	461	-2,479	-1,937
Free Cash Flow Growth	39.77%	451.06%	-89.81%	-	-	-
FCF Margin	35.28%	23.33%	5.39%	33.58%	-342.88%	-228.42%
Free Cash Flow Per Share	7.65	5.32	0.87	7.73	-38.80	-26.07
Levered Free Cash Flow	400	372	-16	801	-401	484
Unlevered Free Cash Flow	451.01	534	500	1,092	-1,350	-1,729

SEC Filings: 10-K · 10-Q