AGO ASSURED GUARANTY LTD

Overview and Growth

ASSURED GUARANTY LTD generated $1.11B of revenue in fiscal 2025, with net income of $503.00M and an operating cash inflow of $259.00M. Revenue of $1.11B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $872.00M in fiscal 2024, revenue recorded a 27.3% year-over-year increase. Diluted earnings per share were $10.26, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 49.3% increase from fiscal 2024 diluted EPS of $6.87. The diluted weighted-average share count was 48.70M, linking total earnings with the per-share result received by shareholders. Compared with 54.30M diluted shares in fiscal 2024, the current 48.70M base was 10.3% lower. Total assets stood at $12.18B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.09x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After all reported below-operating-line items, the company recorded net income of $503.00M for the fiscal year. The final earnings result represented 45.3% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $662.00M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 59.6% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $119.00M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 18.0%, quantifying the portion of pre-tax earnings paid in income tax. Return on period-end equity was 8.7%, relating annual net income to the equity capital on the balance sheet. The net-income-to-assets relationship measured 4.1%, showing earnings relative to the full balance sheet. Current net income of $503.00M was above fiscal 2024 net income of $376.00M, showing the direction of the bottom-line change.

Liquidity and Capital Structure

The company held $12.18B of assets against $6.39B of liabilities and $5.79B of equity, revealing how the asset base was financed. The company held $419.00M in cash and equivalents, a narrower liquidity measure than total current assets. Total debt was $1.70B, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.29x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 14.0%, comparing borrowing with the total asset balance. The equity-to-assets relationship was 47.5%, placing book capital against the total resource base. Relative to total assets, liabilities measured 52.5%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 3.4% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 2.3% from $11.90B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 4.2% from $5.55B in fiscal 2024, placing the current capital base higher year over year. Cash and equivalents were 227.3% higher than fiscal 2024 cash of $128.00M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was $259.00M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 0.51x of net income, showing how strongly accounting earnings converted into cash from operations. Compared with $47.00M in fiscal 2024, current operating cash flow of $259.00M was above the prior result.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.