Assured Guaranty (AGO) Financials

$89.08 -0.56 (-0.62%)

Closing price 03:59 PM Eastern

Extended Trading

$89.06 -0.02 (-0.02%)

As of 04:05 PM Eastern

Annual Income Statements for Assured Guaranty

This table shows Assured Guaranty's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,056	779	730	521	402	362	389	124	739	376
Consolidated Net Income / (Loss)	1,056	881	730	521	401	368	419	137	761	392
Net Income / (Loss) Continuing Operations	1,056	779	730	521	401	368	419	137	761	392
Total Pre-Tax Income	1,431	1,017	991	580	464	413	477	148	668	488
Total Operating Income	1,431	1,017	991	579	460	386	383	187	640	426
Total Gross Profit	1,783	1,382	1,351	937	870	912	1,068	707	1,211	898
Total Revenue	2,207	1,677	1,739	1,001	963	1,115	848	723	1,373	872
Operating Revenue	2,207	1,677	1,739	1,001	963	1,115	848	723	1,373	872
Total Cost of Revenue	424	295	388	64	93	203	-220	16	162	-26
Operating Cost of Revenue	424	295	388	64	93	203	-220	16	162	-26
Total Operating Expenses	352	365	360	358	410	526	685	520	571	472
Selling, General & Admin Expense	231	245	101	96	125	197	179	167	217	159
Amortization Expense	20	18	19	16	18	16	14	14	13	20
Other Operating Expenses / (Income)	101	102	240	246	267	313	492	339	341	293
Total Other Income / (Expense), net	0.00	-102	0.00	1.00	4.00	27	94	-39	28	62
Interest & Investment Income	-	-	0.00	1.00	4.00	27	94	-39	28	62
Income Tax Expense	375	136	261	59	63	45	58	11	-93	96
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	-1.00	6.00	30	13	22	16
Basic Earnings per Share	$7.12	$6.61	$6.05	$4.73	$4.04	$4.22	$5.29	$1.95	$12.54	$7.01
Weighted Average Basic Shares Outstanding	135.93M	125.02M	115.33M	103.09M	92.58M	153.30M	66.06M	59.06M	55.46M	50.10M
Diluted Earnings per Share	$7.08	$6.56	$5.96	$4.68	$4.00	$4.19	$5.23	$1.92	$12.30	$6.87
Weighted Average Diluted Shares Outstanding	135.93M	125.02M	115.33M	103.09M	92.58M	153.30M	66.06M	59.06M	55.46M	50.10M
Weighted Average Basic & Diluted Shares Outstanding	135.93M	125.02M	115.33M	103.09M	92.58M	153.30M	66.06M	59.06M	55.46M	50.10M
Cash Dividends to Common per Share	$0.48	$0.52	$0.57	$0.64	$0.18	$0.20	$0.22	$1.00	-	$0.31

This table shows Assured Guaranty's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	11	94	81	125	157	376	109	78	171	18
Consolidated Net Income / (Loss)	5.00	82	97	126	159	379	113	81	176	22
Net Income / (Loss) Continuing Operations	5.00	82	97	126	159	379	113	79	176	24
Total Pre-Tax Income	-22	99	120	144	202	202	144	94	220	30
Total Operating Income	-2.00	107	118	139	184	199	120	89	202	15
Total Gross Profit	116	247	279	305	303	324	246	202	320	130
Total Revenue	41	292	283	360	403	327	245	202	269	156
Operating Revenue	41	292	283	360	403	327	245	202	269	156
Total Cost of Revenue	-75	45	4.00	55	100	3.00	-1.00	-2.00	-51	28
Operating Cost of Revenue	-75	45	4.00	55	100	3.00	-1.00	-2.00	-51	28
Total Operating Expenses	118	140	161	166	119	125	125	115	118	114
Selling, General & Admin Expense	37	47	55	71	44	47	39	41	44	35
Amortization Expense	4.00	3.00	3.00	3.00	4.00	3.00	6.00	3.00	5.00	6.00
Other Operating Expenses / (Income)	77	90	103	92	71	75	81	71	69	72
Total Other Income / (Expense), net	-20	-8.00	2.00	5.00	18	3.00	24	5.00	18	15
Interest & Investment Income	-20	-8.00	2.00	5.00	18	3.00	24	5.00	18	15
Income Tax Expense	-27	17	23	18	43	-177	31	13	44	8.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-6.00	-12	16	1.00	2.00	3.00	4.00	3.00	5.00	4.00
Basic Earnings per Share	$0.18	$1.51	$1.37	$2.09	$2.65	$6.43	$1.94	$1.43	$3.23	$0.41
Weighted Average Basic Shares Outstanding	59.99M	59.06M	59.34M	58.61M	57.26M	55.46M	54.44M	52.64M	50.90M	50.10M
Diluted Earnings per Share	$0.18	$1.50	$1.34	$2.06	$2.60	$6.30	$1.89	$1.41	$3.17	$0.40
Weighted Average Diluted Shares Outstanding	59.99M	59.06M	59.34M	58.61M	57.26M	55.46M	54.44M	52.64M	50.90M	50.10M
Weighted Average Basic & Diluted Shares Outstanding	59.99M	59.06M	59.34M	58.61M	57.26M	55.46M	54.44M	52.64M	50.90M	50.10M

This table details how cash moves in and out of Assured Guaranty's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	72	-39	17	-40	79	115	44	-135	79	-158
Net Cash From Operating Activities	-71	-132	433	462	-509	-853	-1,937	-2,479	461	47
Net Cash From Continuing Operating Activities	-71	-132	433	462	-509	-853	-1,937	-2,479	461	47
Net Income / (Loss) Continuing Operations	1,056	881	730	521	401	368	419	137	761	392
Consolidated Net Income / (Loss)	1,056	881	730	521	401	368	419	137	761	392
Amortization Expense	-25	-34	-46	31	-35	-	0.00	5.00	-37	-23
Non-Cash Adjustments To Reconcile Net Income	-632	-947	-333	-254	-913	-1,133	-2,328	-2,607	115	-276
Changes in Operating Assets and Liabilities, net	-470	-32	82	162	38	-88	-28	-14	-378	-46
Net Cash From Investing Activities	994	1,076	345	297	1,169	788	23	1,740	286	780
Net Cash From Continuing Investing Activities	994	1,076	345	297	1,169	788	23	1,740	286	780
Purchase of Investments	-1,680	-1,836	-2,807	-2,208	-1,102	-1,484	-1,315	-459	-754	-1,474
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	36	29	41
Sale and/or Maturity of Investments	3,005	2,727	2,938	2,410	2,317	2,188	1,282	2,082	839	2,198
Other Investing Activities, net	469	620	119	95	99	84	56	81	172	15
Net Cash From Financing Activities	-847	-978	-766	-795	-584	183	1,960	612	-670	-983
Net Cash From Continuing Financing Activities	-847	-978	-766	-795	-584	183	1,960	612	-670	-983
Repayment of Debt	-4.00	-2.00	-38	-108	-325	-242	-2,955	-1,163	-151	2.00
Repurchase of Common Equity	-562	-308	-501	-500	-500	-446	-496	-500	-199	-502
Payment of Dividends	-72	-69	-70	-71	-78	-112	-78	-90	-147	-78
Issuance of Debt	-	-	0.00	0.00	482	972	5,503	2,404	-4.00	0.00
Other Financing Activities, net	-209	-599	-157	-116	-163	11	-14	-39	-169	-405
Effect of Exchange Rate Changes	-4.00	-5.00	5.00	-4.00	3.00	-3.00	-2.00	-8.00	2.00	-2.00
Cash Interest Paid	95	95	77	99	84	81	80	77	77	88
Cash Income Taxes Paid	103	74	10	-4.00	4.00	-25	24	105	4.00	90

This table details how cash moves in and out of Assured Guaranty's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	68	-1,918	-390	-71	111	429	-74	-103	65	-46
Net Cash From Operating Activities	-54	-631	312	124	-178	203	-74	58	17	46
Net Cash From Continuing Operating Activities	-	-2,479	0.00	-	-	461	0.00	-	-	47
Net Income / (Loss) Continuing Operations	-	137	0.00	-	-	761	0.00	-	-	392
Non-Cash Adjustments To Reconcile Net Income	-	-	-	-	-	-	-	-	-	-276
Changes in Operating Assets and Liabilities, net	-	-	-	-	-	-	-	-	-	-46
Net Cash From Investing Activities	70	612	-94	-34	311	103	253	87	204	236
Net Cash From Continuing Investing Activities	70	612	-94	-34	311	103	253	87	204	236
Purchase of Investments	-116	-127	-247	-71	-284	-152	-377	-302	-393	-402
Sale of Property, Plant & Equipment	1.00	1.00	5.00	6.00	5.00	13	17	16	2.00	6.00
Sale and/or Maturity of Investments	155	729	142	24	530	143	608	368	591	631
Other Investing Activities, net	30	9.00	6.00	7.00	74	85	5.00	5.00	4.00	1.00
Net Cash From Financing Activities	-4.00	-43	-296	-37	-200	-137	-327	-173	-159	-324
Net Cash From Continuing Financing Activities	-4.00	-43	-296	-37	-200	-137	-327	-173	-159	-324
Repurchase of Common Equity	-97	-100	-2.00	-24	-64	-109	-129	-152	-131	-90
Payment of Dividends	-19	-22	-88	-19	-24	-16	-22	-17	-23	-16
Other Financing Activities, net	-10	1.00	-9.00	-5.00	-143	-12	-148	-4.00	-35	-218
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	-	3.00	-4.00
Cash Interest Paid	9.00	30	10	31	14	22	22	23	21	22
Cash Income Taxes Paid	-	8.00	-	-	1.00	1.00	-	-	1.00	31

This table presents Assured Guaranty's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	14,544	14,151	14,433	13,603	14,326	15,334	18,208	16,843	12,539	11,901
Total Current Assets	11,922	720	11,733	104	169	11,158	2,717	9,637	9,851	3,040
Cash & Equivalents	166	118	144	104	169	162	120	107	97	121
Short-Term Investments	11,023	590	10,674	-	-	9,624	1,225	8,232	8,286	1,368
Other Current Assets	693	-	915	-	-	1,372	1,372	1,298	1,468	1,551
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	2,622	13,431	2,581	13,499	14,157	4,176	15,491	7,206	2,688	8,861
Long-Term Investments	169	10,395	721	10,873	10,240	214	8,383	133	829	7,295
Other Noncurrent Operating Assets	2,177	1,963	1,860	2,602	3,701	3,759	6,933	6,910	1,859	1,566
Total Liabilities & Shareholders' Equity	14,544	14,151	14,433	13,603	14,326	15,334	18,208	16,843	12,539	11,901
Total Liabilities	8,481	7,647	7,594	7,048	7,674	8,629	11,708	11,551	6,774	6,348
Total Current Liabilities	0.00	0.00	0.00	4,689	4,786	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	8,481	7,647	7,594	2,359	2,895	8,629	11,708	11,551	6,774	6,348
Long-Term Debt	1,300	1,306	1,292	1,233	1,235	1,224	1,673	1,675	1,694	1,699
Other Noncurrent Operating Liabilities	7,181	6,341	6,302	1,126	1,660	7,405	10,035	9,876	5,080	4,649
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,063	6,504	6,839	6,555	6,645	6,684	6,478	5,292	5,765	5,553
Total Preferred & Common Equity	6,063	6,504	6,839	6,555	6,639	6,643	6,292	5,064	5,713	5,495
Total Common Equity	6,063	6,504	6,839	6,555	6,639	6,643	6,292	5,064	5,713	5,495
Common Stock	1,343	1,061	574	87	1.00	1.00	1.00	1.00	1.00	1.00
Retained Earnings	4,478	5,289	5,892	6,374	6,295	6,143	5,990	5,577	6,070	5,878
Accumulated Other Comprehensive Income / (Loss)	237	149	372	93	342	498	300	-515	-359	-385
Other Equity Adjustments	5.00	5.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Noncontrolling Interest	-	-	-	0.00	6.00	41	186	228	52	58

This table presents Assured Guaranty's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	16,660	16,778	16,852	11,944	12,168	12,088	12,291
Total Current Assets	8,088	10,133	10,230	9,527	9,577	9,508	9,594
Cash & Equivalents	131	118	114	108	115	92	147
Short-Term Investments	7,957	8,442	8,478	8,043	8,012	7,944	7,934
Other Current Assets	-	1,346	1,417	1,376	1,450	1,472	1,513
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	8,572	6,645	6,622	2,417	2,591	2,580	2,697
Long-Term Investments	523	140	146	765	875	882	912
Other Noncurrent Operating Assets	7,883	6,499	6,470	1,646	1,716	1,698	1,785
Total Liabilities & Shareholders' Equity	16,660	16,778	16,852	11,944	12,168	12,088	12,291
Total Liabilities	11,486	11,363	11,397	6,643	6,486	6,493	6,509
Total Current Liabilities	4,478	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	7,008	11,363	11,397	6,643	6,486	6,493	6,509
Long-Term Debt	1,675	1,676	1,677	1,693	1,695	1,696	1,698
Other Noncurrent Operating Liabilities	5,333	9,636	9,670	4,950	4,791	4,797	4,811
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,153	5,415	5,455	5,301	5,682	5,595	5,782
Total Preferred & Common Equity	4,929	5,220	5,276	5,252	5,629	5,539	5,728
Total Common Equity	4,929	5,220	5,276	5,252	5,629	5,539	5,728
Common Stock	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Retained Earnings	5,579	5,638	5,732	5,815	6,014	5,929	5,957
Accumulated Other Comprehensive Income / (Loss)	-652	-420	-458	-565	-387	-392	-231
Other Equity Adjustments	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Noncontrolling Interest	224	195	179	49	53	56	54

This table displays calculated financial ratios and metrics derived from Assured Guaranty's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.68%	-24.01%	3.70%	-42.44%	-3.80%	15.78%	-23.95%	-14.74%	89.90%	-36.49%
EBITDA Growth	-7.19%	-30.09%	-3.87%	-35.45%	-30.33%	-5.41%	-1.24%	-51.64%	214.06%	-33.17%
EBIT Growth	-6.53%	-28.93%	-2.56%	-41.57%	-20.55%	-16.09%	-0.78%	-51.17%	242.25%	-33.44%
NOPAT Growth	-2.94%	-16.57%	-17.14%	-18.46%	-23.56%	-13.48%	-2.18%	-48.55%	321.20%	-53.07%
Net Income Growth	-2.94%	-16.57%	-17.14%	-28.63%	-23.03%	-8.23%	13.86%	-67.30%	455.47%	-48.49%
EPS Growth	13.10%	-7.34%	-9.15%	-21.48%	-14.53%	4.75%	24.82%	-63.29%	540.63%	-44.15%
Operating Cash Flow Growth	-112.31%	-85.92%	428.03%	6.70%	-210.17%	-67.58%	-127.08%	-27.98%	118.60%	-89.80%
Free Cash Flow Firm Growth	42.51%	-72.33%	438.55%	-81.11%	-244.13%	56.54%	-57.44%	168.55%	693.74%	-87.60%
Invested Capital Growth	9.29%	17.57%	-7.11%	9.58%	20.70%	18.11%	24.92%	3.22%	-16.48%	12.61%
Revenue Q/Q Growth	-6.20%	-15.39%	-9.80%	-6.36%	9.43%	8.04%	-12.03%	4.18%	2.62%	-16.40%
EBITDA Q/Q Growth	-13.80%	-27.08%	-15.93%	-6.59%	-3.41%	3.34%	62.70%	-51.88%	7.49%	-35.73%
EBIT Q/Q Growth	-10.73%	-23.53%	-10.40%	-8.82%	8.75%	3.49%	67.25%	-51.30%	16.79%	-30.16%
NOPAT Q/Q Growth	-8.89%	-20.84%	-16.57%	7.24%	13.68%	-2.08%	63.86%	-49.04%	62.01%	-50.57%
Net Income Q/Q Growth	-8.89%	-20.84%	-16.57%	14.85%	13.60%	3.66%	46.50%	-59.35%	64.01%	-47.66%
EPS Q/Q Growth	-1.26%	-18.81%	-13.50%	8.08%	15.27%	6.89%	58.01%	-52.00%	64.00%	-46.20%
Operating Cash Flow Q/Q Growth	-137.17%	40.27%	5.35%	14.39%	-99.61%	-5.57%	2.22%	-24.39%	223.59%	-76.96%
Free Cash Flow Firm Q/Q Growth	13.71%	-58.18%	25.36%	151.74%	-146.89%	79.55%	-234.46%	-72.68%	60.17%	-57.21%
Invested Capital Q/Q Growth	6.75%	8.50%	-0.97%	5.25%	10.29%	-8.43%	5.81%	14.59%	8.79%	-1.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.79%	82.41%	77.69%	187.21%	90.34%	81.79%	125.94%	97.79%	88.20%	102.98%
EBITDA Margin	63.71%	58.62%	54.34%	128.76%	44.13%	36.05%	46.82%	26.56%	43.92%	46.22%
Operating Margin	64.84%	60.64%	56.99%	126.24%	47.77%	34.62%	45.17%	25.86%	46.61%	48.85%
EBIT Margin	64.84%	60.64%	56.99%	57.84%	47.77%	34.62%	45.17%	25.86%	46.61%	48.85%
Profit (Net Income) Margin	47.85%	52.53%	41.98%	52.05%	41.64%	33.00%	49.41%	18.95%	55.43%	44.95%
Tax Burden Percent	73.79%	86.63%	73.66%	0.00%	86.42%	89.10%	87.84%	92.57%	113.92%	80.33%
Interest Burden Percent	100.00%	100.00%	100.00%	0.00%	100.87%	106.99%	124.54%	79.14%	104.38%	114.55%
Effective Tax Rate	26.21%	13.37%	26.34%	0.00%	13.58%	10.90%	12.16%	7.43%	-13.92%	19.67%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	17.87%	14.02%	10.94%	15.56%	6.08%	5.51%	6.35%	2.32%	13.77%	6.93%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	9.71%	7.09%	6.93%	4.13%	3.29%	2.60%	2.28%	1.07%	4.36%	3.49%
Return on Assets (ROA)	7.17%	6.14%	5.11%	3.72%	2.87%	2.48%	2.50%	0.78%	5.18%	3.21%
Return on Common Equity (ROCE)	17.87%	14.02%	10.94%	15.56%	6.07%	5.49%	6.22%	2.24%	13.42%	6.86%
Return on Equity Simple (ROE_SIMPLE)	17.42%	13.55%	10.67%	7.95%	6.04%	5.54%	6.66%	2.71%	13.32%	7.13%
Net Operating Profit after Tax (NOPAT)	1,056	881	730	520	398	344	336	173	729	342
NOPAT Margin	47.85%	52.53%	41.98%	51.96%	41.28%	30.85%	39.67%	23.94%	53.10%	39.24%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.01%	0.04%	0.27%	0.98%	-0.49%	0.45%	0.68%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.48%	9.77%	4.72%
Cost of Revenue to Revenue	19.21%	17.59%	22.31%	6.39%	9.66%	18.21%	-25.94%	2.21%	11.80%	-2.98%
SG&A Expenses to Revenue	10.47%	14.61%	5.81%	19.18%	12.98%	17.67%	21.11%	23.10%	15.80%	18.23%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.95%	21.77%	20.70%	77.92%	42.58%	47.17%	80.78%	71.92%	41.59%	54.13%
Earnings before Interest and Taxes (EBIT)	1,431	1,017	991	579	460	386	383	187	640	426
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,406	983	945	610	425	402	397	192	603	403
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.52	0.66	0.51	0.55	0.64	0.36	0.53	0.71	0.74	0.83
Price to Tangible Book Value (P/TBV)	0.52	0.66	0.51	0.55	0.66	0.37	0.55	0.74	0.74	0.83
Price to Revenue (P/Rev)	1.44	2.55	2.01	3.62	4.42	2.14	3.94	4.99	3.07	5.25
Price to Earnings (P/E)	3.01	5.49	4.80	6.95	10.59	6.58	8.59	29.11	5.71	12.19
Dividend Yield	2.13%	1.59%	1.91%	3.73%	1.61%	2.71%	1.84%	1.66%	1.52%	1.38%
Earnings Yield	33.19%	18.22%	20.84%	14.38%	9.45%	15.20%	11.64%	3.43%	17.51%	8.21%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.20	0.19	0.00	0.19	0.18	0.26	0.32	0.29	0.31
Long-Term Debt to Equity	0.21	0.20	0.19	0.00	0.19	0.18	0.26	0.32	0.29	0.31
Financial Leverage	-1.71	-1.58	-1.51	-2.99	-1.43	-1.34	-1.27	-1.26	-1.29	-1.29
Leverage Ratio	2.49	2.28	2.14	4.20	2.12	2.22	2.54	2.97	2.66	2.16
Compound Leverage Factor	2.49	2.28	2.14	0.00	2.13	2.38	3.16	2.35	2.77	2.47
Debt to Total Capital	17.66%	16.72%	15.89%	0.00%	15.67%	15.44%	20.47%	24.04%	22.71%	23.43%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	17.66%	16.72%	15.89%	0.00%	15.67%	15.44%	20.47%	24.04%	22.71%	23.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.08%	0.78%	2.55%	3.27%	0.70%	0.80%
Common Equity to Total Capital	82.34%	83.28%	84.11%	0.00%	84.25%	83.78%	76.99%	72.69%	76.59%	75.77%
Debt to EBITDA	0.92	1.33	1.37	2.02	2.91	3.04	4.21	8.72	2.81	4.22
Net Debt to EBITDA	-7.15	-9.97	-10.84	-15.97	-21.59	-21.83	-20.29	-35.40	-12.47	-17.58
Long-Term Debt to EBITDA	0.92	1.33	1.37	11.81	2.91	3.04	4.21	8.72	2.81	4.22
Debt to NOPAT	1.23	1.48	1.77	2.37	3.11	3.56	4.97	9.68	2.32	4.97
Net Debt to NOPAT	-9.52	-11.12	-14.04	-18.73	-23.08	-25.52	-23.94	-39.27	-10.31	-20.70
Long-Term Debt to NOPAT	1.23	1.48	1.77	2.37	3.11	3.56	4.97	9.68	2.32	4.97
Altman Z-Score	2.12	1.28	2.17	0.77	0.73	1.76	0.93	1.42	2.27	1.62
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.05%	0.51%	2.04%	3.70%	2.53%	0.97%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	0.00	0.04	0.00	0.00	0.00	0.00	0.00
Quick Ratio	0.00	0.00	0.00	0.00	0.04	0.00	0.00	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	647	179	964	182	-262	-114	-180	123	977	121
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.15	0.12	0.12	0.15	0.07	0.08	0.05	0.04	0.09	0.07
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-3,995	-3,293	-3,527	-3,189	-2,529	-2,071	-1,555	-1,505	-1,753	-1,532
Invested Capital Turnover	-0.53	-0.46	-0.51	-0.60	-0.34	-0.48	-0.47	-0.47	-0.84	-0.53
Increase / (Decrease) in Invested Capital	409	702	-234	338	660	458	516	50	-248	221
Enterprise Value (EV)	-6,876	-5,522	-6,744	-6,121	-4,912	-6,333	-4,505	-2,959	-3,245	-2,445
Market Capitalization	3,182	4,275	3,503	3,623	4,256	2,381	3,342	3,610	4,221	4,582
Book Value per Share	$42.90	$49.89	$58.23	$62.03	$69.60	$82.21	$90.08	$84.41	$99.78	$107.96
Tangible Book Value per Share	$42.90	$49.89	$58.23	$61.81	$67.33	$79.70	$87.57	$81.69	$99.78	$107.96
Total Capital	7,363	7,810	8,131	7,788	7,880	7,929	8,173	6,967	7,459	7,252
Total Debt	1,300	1,306	1,292	1,233	1,235	1,224	1,673	1,675	1,694	1,699
Total Long-Term Debt	1,300	1,306	1,292	1,233	1,235	1,224	1,673	1,675	1,694	1,699
Net Debt	-10,058	-9,797	-10,247	-9,744	-9,174	-8,776	-8,055	-6,797	-7,518	-7,085
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-36	-29	-41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	733	12	915	-4,689	-4,786	1,372	1,372	1,298	1,468	1,551
Debt-free Net Working Capital (DFNWC)	11,922	720	11,733	-4,585	-4,617	11,158	2,717	9,637	9,851	3,040
Net Working Capital (NWC)	11,922	720	11,733	-4,585	-4,617	11,158	2,717	9,637	9,851	3,040
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	-0.90	-3.46	-24	-83	36	-32	-50
Net Nonoperating Obligations (NNO)	-10,058	-9,797	-10,366	-9,744	-9,174	-8,776	-8,055	-6,797	-7,518	-7,085
Total Depreciation and Amortization (D&A)	-25	-34	-46	31	-35	16	14	5.00	-37	-23
Debt-free, Cash-free Net Working Capital to Revenue	33.21%	0.72%	52.62%	-468.43%	-496.99%	123.05%	161.79%	179.53%	106.92%	177.87%
Debt-free Net Working Capital to Revenue	540.19%	42.93%	674.70%	-899.76%	-479.44%	1,000.72%	320.40%	1,332.92%	717.48%	348.62%
Net Working Capital to Revenue	540.19%	42.93%	674.70%	-899.76%	-479.44%	1,000.72%	320.40%	1,332.92%	717.48%	348.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.12	$6.61	$6.05	$4.73	$4.04	$4.22	$5.29	$1.95	$12.54	$7.01
Adjusted Weighted Average Basic Shares Outstanding	135.93M	125.02M	115.33M	103.09M	92.58M	153.30M	66.06M	59.06M	55.46M	50.10M
Adjusted Diluted Earnings per Share	$7.08	$6.56	$5.96	$4.68	$4.00	$4.19	$5.23	$1.92	$12.30	$6.87
Adjusted Weighted Average Diluted Shares Outstanding	135.93M	125.02M	115.33M	103.09M	92.58M	153.30M	66.06M	59.06M	55.46M	50.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	135.93M	125.02M	115.33M	103.09M	92.58M	153.30M	66.06M	59.06M	55.46M	50.10M
Normalized Net Operating Profit after Tax (NOPAT)	1,056	881	730	520	398	344	336	173	448	342
Normalized NOPAT Margin	47.85%	52.53%	41.98%	51.96%	41.28%	30.85%	39.67%	23.94%	32.63%	39.24%
Pre Tax Income Margin	64.84%	60.64%	56.99%	115.88%	48.18%	37.04%	56.25%	20.47%	48.65%	55.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.82%	7.83%	9.59%	13.63%	19.45%	30.43%	18.62%	65.69%	19.32%	19.90%
Augmented Payout Ratio	60.04%	42.79%	78.22%	109.60%	144.14%	151.63%	136.99%	430.66%	45.47%	147.96%

This table displays calculated financial ratios and metrics derived from Assured Guaranty's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-80.66%	11.03%	-5.67%	300.00%	882.93%	11.99%	-13.43%	-43.89%	-33.25%	-52.29%
EBITDA Growth	113.33%	-64.29%	12.04%	847.37%	9,300.00%	83.64%	4.13%	-35.21%	10.11%	-89.60%
EBIT Growth	88.89%	-64.80%	13.46%	731.82%	9,300.00%	85.98%	1.69%	-35.97%	9.78%	-92.46%
NOPAT Growth	98.06%	-65.68%	13.73%	889.77%	10,445.12%	321.29%	-1.28%	-36.94%	11.58%	-97.05%
Net Income Growth	-75.00%	-70.92%	29.33%	604.00%	3,080.00%	362.20%	16.49%	-35.71%	10.69%	-94.20%
EPS Growth	-18.18%	-58.10%	36.73%	378.38%	1,344.44%	320.00%	41.04%	-31.55%	21.92%	-93.65%
Operating Cash Flow Growth	93.59%	-335.17%	134.98%	113.75%	-229.63%	132.17%	-123.72%	-53.23%	109.55%	-77.34%
Free Cash Flow Firm Growth	133.11%	114.98%	197.03%	182.06%	178.13%	1,508.68%	-117.17%	-114.47%	-181.16%	-133.80%
Invested Capital Growth	-6.72%	3.22%	-19.24%	-27.66%	-9.08%	-16.48%	8.96%	8.44%	21.28%	12.61%
Revenue Q/Q Growth	-54.44%	612.20%	-3.08%	27.21%	11.94%	-18.86%	-25.08%	-17.55%	33.17%	-42.01%
EBITDA Q/Q Growth	110.53%	5,400.00%	10.00%	17.36%	32.39%	7.45%	-37.62%	-26.98%	125.00%	-89.86%
EBIT Q/Q Growth	90.91%	5,450.00%	10.28%	17.80%	32.37%	8.15%	-39.70%	-25.83%	126.97%	-92.57%
NOPAT Q/Q Growth	90.91%	6,430.45%	7.62%	27.51%	19.08%	157.80%	-74.78%	-18.56%	110.71%	-93.19%
Net Income Q/Q Growth	120.00%	1,540.00%	18.29%	29.90%	26.19%	138.36%	-70.18%	-28.32%	117.28%	-87.50%
EPS Q/Q Growth	124.32%	733.33%	-10.67%	53.73%	26.21%	142.31%	-70.00%	-25.40%	124.82%	-87.38%
Operating Cash Flow Q/Q Growth	94.01%	-1,068.52%	149.45%	-60.26%	-243.55%	214.04%	-136.45%	178.38%	-70.69%	170.59%
Free Cash Flow Firm Q/Q Growth	117.75%	-64.76%	892.55%	32.15%	-39.83%	103.84%	-110.59%	-11.35%	-237.48%	15.12%
Invested Capital Q/Q Growth	-26.58%	14.59%	-18.60%	0.45%	-8.16%	8.79%	7.30%	-0.12%	7.01%	-1.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	282.93%	84.59%	98.59%	84.72%	75.19%	99.08%	100.41%	100.00%	118.96%	83.33%
EBITDA Margin	4.88%	37.67%	42.76%	39.44%	46.65%	61.77%	51.43%	45.54%	76.95%	13.46%
Operating Margin	-4.88%	36.64%	41.70%	38.61%	45.66%	60.86%	48.98%	44.06%	75.09%	9.62%
EBIT Margin	-4.88%	36.64%	41.70%	38.61%	45.66%	60.86%	48.98%	44.06%	75.09%	9.62%
Profit (Net Income) Margin	12.20%	28.08%	34.28%	35.00%	39.45%	115.90%	46.12%	40.10%	65.43%	14.10%
Tax Burden Percent	-22.73%	82.83%	80.83%	87.50%	78.71%	187.62%	78.47%	86.17%	80.00%	73.33%
Interest Burden Percent	1,100.00%	92.52%	101.69%	103.60%	109.78%	101.51%	120.00%	105.62%	108.91%	200.00%
Effective Tax Rate	0.00%	17.17%	19.17%	12.50%	21.29%	-87.62%	21.53%	13.83%	20.00%	26.67%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	5.83%	2.32%	2.78%	5.62%	8.86%	13.77%	14.00%	13.25%	13.52%	6.93%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-0.20%	1.51%	1.70%	2.23%	4.27%	5.69%	4.52%	3.58%	6.46%	0.69%
Return on Assets (ROA)	0.49%	1.16%	1.40%	2.02%	3.69%	10.83%	4.25%	3.26%	5.63%	1.01%
Return on Common Equity (ROCE)	5.65%	2.24%	2.68%	5.40%	8.61%	13.42%	13.69%	12.97%	13.39%	6.86%
Return on Equity Simple (ROE_SIMPLE)	6.84%	0.00%	3.05%	5.88%	8.83%	0.00%	13.80%	13.22%	13.08%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.40	89	95	122	145	373	94	77	162	11
NOPAT Margin	-3.41%	30.35%	33.70%	33.78%	35.94%	114.18%	38.44%	37.97%	60.07%	7.05%
Net Nonoperating Expense Percent (NNEP)	0.09%	-0.09%	0.02%	0.06%	0.20%	0.08%	0.26%	0.06%	0.20%	0.15%
Return On Investment Capital (ROIC_SIMPLE)	-	1.27%	-	-	-	5.01%	-	-	-	0.15%
Cost of Revenue to Revenue	-182.93%	15.41%	1.41%	15.28%	24.81%	0.92%	-0.41%	-0.99%	-18.96%	17.95%
SG&A Expenses to Revenue	90.24%	16.10%	19.43%	19.72%	10.92%	14.37%	15.92%	20.30%	16.36%	22.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	287.80%	47.95%	56.89%	46.11%	29.53%	38.23%	51.02%	56.93%	43.87%	73.08%
Earnings before Interest and Taxes (EBIT)	-2.00	107	118	139	184	199	120	89	202	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.00	110	121	142	188	202	126	92	207	21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.59	0.71	0.55	0.61	0.66	0.74	0.88	0.76	0.73	0.83
Price to Tangible Book Value (P/TBV)	0.61	0.74	0.55	0.62	0.67	0.74	0.88	0.76	0.73	0.83
Price to Revenue (P/Rev)	4.18	4.99	4.10	3.32	2.61	3.07	3.71	3.55	4.01	5.25
Price to Earnings (P/E)	9.89	29.11	20.81	10.43	7.64	5.71	6.46	5.81	5.70	12.19
Dividend Yield	2.07%	1.66%	2.10%	1.94%	1.83%	1.52%	1.33%	1.54%	1.52%	1.38%
Earnings Yield	10.11%	3.43%	4.80%	9.59%	13.09%	17.51%	15.48%	17.21%	17.54%	8.21%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.32	0.32	0.31	0.31	0.32	0.29	0.30	0.30	0.29	0.31
Long-Term Debt to Equity	0.32	0.32	0.31	0.31	0.32	0.29	0.30	0.30	0.29	0.31
Financial Leverage	-1.30	-1.26	-1.29	-1.29	-1.35	-1.29	-1.31	-1.31	-1.31	-1.29
Leverage Ratio	2.96	2.97	3.03	3.07	2.73	2.66	2.61	2.62	2.19	2.16
Compound Leverage Factor	32.59	2.75	3.08	3.18	3.00	2.70	3.13	2.77	2.38	4.32
Debt to Total Capital	24.46%	24.04%	23.64%	23.51%	24.21%	22.71%	22.98%	23.26%	22.70%	23.43%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	24.46%	24.04%	23.64%	23.51%	24.21%	22.71%	22.98%	23.26%	22.70%	23.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.58%	3.27%	2.75%	2.51%	0.70%	0.70%	0.72%	0.77%	0.72%	0.80%
Common Equity to Total Capital	71.97%	72.69%	73.61%	73.98%	75.09%	76.59%	76.30%	75.97%	76.58%	75.77%
Debt to EBITDA	4.20	8.72	7.83	4.47	3.02	2.81	2.58	2.79	2.71	4.22
Net Debt to EBITDA	-17.38	-35.40	-32.82	-18.83	-12.88	-12.47	-11.10	-11.88	-11.63	-17.58
Long-Term Debt to EBITDA	4.20	8.72	7.83	4.47	3.02	2.81	2.58	2.79	2.71	4.22
Debt to NOPAT	4.93	9.68	9.18	5.10	3.76	2.32	2.35	2.51	2.45	4.97
Net Debt to NOPAT	-20.42	-39.27	-38.46	-21.46	-16.05	-10.31	-10.14	-10.70	-10.54	-20.70
Long-Term Debt to NOPAT	4.93	9.68	9.18	5.10	3.76	2.32	2.35	2.51	2.45	4.97
Altman Z-Score	0.92	1.40	1.41	1.46	2.12	2.16	2.24	2.14	2.14	1.51
Noncontrolling Interest Sharing Ratio	2.95%	3.70%	3.58%	4.02%	2.81%	2.53%	2.23%	2.13%	0.93%	0.97%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.81	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Quick Ratio	1.81	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	110	39	383	507	305	621	-66	-73	-247	-210
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.06	0.09	0.09	0.09	0.08	0.09	0.07
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-1,762	-1,505	-1,785	-1,777	-1,922	-1,753	-1,625	-1,627	-1,513	-1,532
Invested Capital Turnover	-0.41	-0.47	-0.43	-0.62	-0.73	-0.84	-0.78	-0.69	-0.61	-0.53
Increase / (Decrease) in Invested Capital	-111	50	-288	-385	-160	-248	160	150	409	221
Enterprise Value (EV)	-3,793	-2,959	-3,936	-3,638	-3,682	-3,245	-2,298	-2,983	-3,055	-2,445
Market Capitalization	2,898	3,610	2,893	3,244	3,492	4,221	4,956	4,183	4,186	4,582
Book Value per Share	$79.57	$84.41	$88.39	$88.91	$89.61	$99.78	$103.39	$101.74	$108.82	$107.96
Tangible Book Value per Share	$76.89	$81.69	$88.29	$88.81	$89.51	$99.78	$103.39	$101.74	$108.82	$107.96
Total Capital	6,849	6,967	7,091	7,132	6,994	7,459	7,377	7,291	7,480	7,252
Total Debt	1,675	1,675	1,676	1,677	1,693	1,694	1,695	1,696	1,698	1,699
Total Long-Term Debt	1,675	1,675	1,676	1,677	1,693	1,694	1,695	1,696	1,698	1,699
Net Debt	-6,936	-6,797	-7,024	-7,061	-7,223	-7,518	-7,307	-7,222	-7,295	-7,085
Capital Expenditures (CapEx)	-1.00	-1.00	-5.00	-6.00	-5.00	-13	-17	-16	-2.00	-6.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,478	1,298	1,573	1,638	1,376	1,468	1,450	1,472	1,513	1,551
Debt-free Net Working Capital (DFNWC)	3,610	9,637	10,133	10,230	9,527	9,851	9,577	9,508	9,594	3,040
Net Working Capital (NWC)	3,610	9,637	10,133	10,230	9,527	9,851	9,577	9,508	9,594	3,040
Net Nonoperating Expense (NNE)	-6.40	6.63	-1.62	-4.38	-14	-5.63	-19	-4.31	-14	-11
Net Nonoperating Obligations (NNO)	-6,936	-6,797	-7,200	-7,232	-7,223	-7,518	-7,307	-7,222	-7,295	-7,085
Total Depreciation and Amortization (D&A)	4.00	3.00	3.00	3.00	4.00	3.00	6.00	3.00	5.00	6.00
Debt-free, Cash-free Net Working Capital to Revenue	-645.25%	179.53%	222.80%	167.83%	102.84%	106.92%	108.61%	125.06%	145.06%	177.87%
Debt-free Net Working Capital to Revenue	520.17%	1,332.92%	1,435.27%	1,048.16%	712.03%	717.48%	717.38%	807.82%	919.85%	348.62%
Net Working Capital to Revenue	520.17%	1,332.92%	1,435.27%	1,048.16%	712.03%	717.48%	717.38%	807.82%	919.85%	348.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.18	$1.51	$1.37	$2.09	$2.65	$6.43	$1.94	$1.43	$3.23	$0.41
Adjusted Weighted Average Basic Shares Outstanding	59.99M	59.06M	59.34M	58.61M	57.26M	55.46M	54.44M	52.64M	50.90M	50.10M
Adjusted Diluted Earnings per Share	$0.18	$1.50	$1.34	$2.06	$2.60	$6.30	$1.89	$1.41	$3.17	$0.40
Adjusted Weighted Average Diluted Shares Outstanding	59.99M	59.06M	59.34M	58.61M	57.26M	55.46M	54.44M	52.64M	50.90M	50.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.99M	59.06M	59.34M	58.61M	57.26M	55.46M	54.44M	52.64M	50.90M	50.10M
Normalized Net Operating Profit after Tax (NOPAT)	-1.40	89	95	122	145	139	94	77	162	11
Normalized NOPAT Margin	-3.41%	30.35%	33.70%	33.78%	35.94%	42.60%	38.44%	37.97%	60.07%	7.05%
Pre Tax Income Margin	-53.66%	33.90%	42.40%	40.00%	50.12%	61.77%	58.78%	46.53%	81.78%	19.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	25.22%	65.69%	97.48%	47.74%	32.97%	19.32%	10.42%	10.79%	10.41%	19.90%
Augmented Payout Ratio	200.59%	430.66%	317.61%	119.68%	73.92%	45.47%	52.38%	72.81%	79.97%	147.96%

Frequently Asked Questions About Assured Guaranty's Financials

When does Assured Guaranty's financial year end?

According to the most recent income statement we have on file, Assured Guaranty's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Assured Guaranty's net income changed over the last 9 years?

Assured Guaranty's net income appears to be on a downward trend, with a most recent value of $392 million in 2024, falling from $1.06 billion in 2015. The previous period was $761 million in 2023. See where experts think Assured Guaranty is headed by visiting Assured Guaranty's forecast page.

What is Assured Guaranty's operating income?

Assured Guaranty's total operating income in 2024 was $426 million, based on the following breakdown:

Total Gross Profit: $898 million
Total Operating Expenses: $472 million

How has Assured Guaranty revenue changed over the last 9 years?

Over the last 9 years, Assured Guaranty's total revenue changed from $2.21 billion in 2015 to $872 million in 2024, a change of -60.5%.

How much debt does Assured Guaranty have?

Assured Guaranty's total liabilities were at $6.35 billion at the end of 2024, a 6.3% decrease from 2023, and a 25.2% decrease since 2015.

How much cash does Assured Guaranty have?

In the past 9 years, Assured Guaranty's cash and equivalents has ranged from $97 million in 2023 to $169 million in 2019, and is currently $121 million as of their latest financial filing in 2024.

How has Assured Guaranty's book value per share changed over the last 9 years?

Over the last 9 years, Assured Guaranty's book value per share changed from 42.90 in 2015 to 107.96 in 2024, a change of 151.6%.

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This page (NYSE:AGO) was last updated on 5/6/2025 by MarketBeat.com Staff

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Assured Guaranty (AGO) Financials

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