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Assured Guaranty Ltd.(AGO)Earnings, Financials & Key Ratios
AGO•NYSE•Insurance & Managed Care
$84.02
8.3× P/E·Price updated Jul 7, 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$788M-3.2%
- Combined Ratio15.99%-60.1%
- Net Income$503M+33.8%
- Return on Equity8.87%+33.5%
- Medical Cost Ratio7.11%+1064.1%
- Operating Margin84.01%+40.1%
- Net Margin63.83%+38.2%
- ROA4.18%+35.8%
- Equity / Assets47.54%+1.9%
AGO Price & Volume
Assured Guaranty Ltd. (AGO) stock price & volume — 10-year historical chart
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Volatile Revenue Streams Mask Robust Underwriting Profitability
Investment Thesis • Updated 2026Q1
VerdictPositive: The stock presents an attractive entry point at a 0.68 P/B ratio
Growth:Mixed
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Municipal credit cycle volatility
Key Thesis Takeaways
- Assured Guaranty demonstrates a resilient underwriting profile with a combined ratio that reached 12.7% in 2024Q3, though top-line performance remains highly sensitive to lumpy municipal bond refunding cycles.
- While the company maintains a fortress balance sheet with $5.5 billion in equity as of 2026Q1, investors should monitor the significant disconnect between reported net income and cash generation, as evidenced by OCF/NI ratios fluctuating between -0.68 and 2.56.
- The current valuation, trading at a 0.68 P/B ratio, appears to offer a margin of safety for long-term holders, provided the company can navigate the inherent volatility of its long-dated credit guarantee liabilities.
Verdict Logic
which is significantly below book value, suggesting the market may be over-discounting the company's ability to maintain its $5.5 billion equity base.
AGO Growth Metrics
Assured Guaranty Ltd. (AGO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-8.69%
5 Years-6.18%
3 Years4.83%
TTM3.03%
Profit CAGR
10 Years-7.15%
5 Years6.8%
3 Years59.48%
TTM-6.32%
EPS CAGR
10 Years3.7%
5 Years19.43%
3 Years74.37%
TTM1.55%
Return on Capital
10 Years4.54%
5 Years4.12%
3 Years5.57%
Last Year8.17%
AGO Recent Earnings
Assured Guaranty Ltd. (AGO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$2.50+66.7%
$1.50
Rev
$261M+25.1%
$209M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$2.32+50.6%
$1.54
Rev
$277M+34.6%
$206M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$2.42+57.1%
$1.54
Rev
$199M+1.1%
$197M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$1.01-35.7%
$1.57
Rev
$199M+1.1%
$197M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $2.50vs $1.50+66.7% | $261Mvs $209M+25.1% |
| Q1 2026 | Feb 26, 2026 | $2.32vs $1.54+50.6% | $277Mvs $206M+34.6% |
| Q4 2025 | Nov 6, 2025 | $2.42vs $1.54+57.1% | $199Mvs $197M+1.1% |
| Q3 2025 | Aug 7, 2025 | $1.01vs $1.57-35.7% | $199Mvs $197M+1.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Assured Guaranty Ltd. (AGO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $84.02 | $3.72B | 8.25 | -3.19% | 63.83% | 8.87% | 1.64% | |
| $6.65 | $338.71M | -1.85 | 90.48% | -172.22% | — | — | |
| $200.27 | $2.18B | 12.05 | -18.86% | 15.53% | 12.57% | — | |
| $38.03 | $5.18B | 9.19 | -3.36% | 40.28% | 12.01% | — | |
| $28.19 | $5.96B | 8.98 | 0.49% | 59.63% | 14% | — | |
| $64.60 | $5.95B | 9.36 | -0.49% | 53.34% | 12.01% | — |
Compare AGO vs Peers
Assured Guaranty Ltd. (AGO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AGO SEC Filings & Documents
Assured Guaranty Ltd. (AGO) SEC filings — annual & quarterly reports (10-K, 10-Q)
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AGO Frequently Asked Questions
Assured Guaranty Ltd. (AGO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Assured Guaranty Ltd. growing?
Assured Guaranty Ltd. (AGO) saw revenue decline by 3.2% over the past year.
Is AGO profitable?
Yes, Assured Guaranty Ltd. (AGO) is profitable, generating $415.0M in net income for fiscal year 2025 (63.8% net margin).
Dividend & Returns
Does AGO pay dividends?
Yes, Assured Guaranty Ltd. (AGO) pays a dividend with a yield of 1.64%. This makes it attractive for income-focused investors.
What is AGO's return on equity?
Assured Guaranty Ltd. (AGO) has a return on equity (ROE) of 8.9%. This is below average, suggesting room for improvement.
Industry Metrics
What is Assured Guaranty Ltd.'s combined ratio?
Assured Guaranty Ltd. (AGO) has a combined ratio of 16.0%. A ratio below 100% indicates underwriting profitability.