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Assured Guaranty Ltd.

AGO Financial Insurance Specialty

Assured Guaranty Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 27.3% from fiscal 2024. In the quarter to June 2026, revenue fell 30.6%, EPS fell 57.9%, free cash flow fell 48.7% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

70.95 1.09 +1.56%
Market cap
$3.1B
P/E
9.5×
Fwd P/E
11.8×
Dividend yield
2.09%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 18.11
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 4 — 2 — — — — —
Insider Ownership 6.93%

Capital & Financial Ratios $m

Market Cap 3,070.00
Revenue 940.00
Net Income 543.00
Free Cash Flow 324.00
Net Debt 1,396.00
Current Ratio 0.42
Debt/Equity 0.31
P/E ratio 9.46
Fwd P/E 11.80
P/S ratio 3.34
P/B ratio 0.56
Past 5Y EPS Growth 19.62% (at or above 15%: strong)
This Y EPS Growth (23.67%) (below 0%: weak)
Next Y EPS Growth (1.27%) (below 0%: weak)
Next Y revenue growth (20.39%) (below 0%: weak)
Next 5Y EPS Growth (3.38%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 58.13%
10-year low 10-year high
P/S against its own 10 years 43.09%
10-year low 10-year high
P/B against its own 10 years 16.70%
10-year low 10-year high

Dividends

Payout Ratio 0.20
Annual Dividend Rate 1.48
Annual Dividend Yield 2.09%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.52
0.38
0.38
0.38
2025 1.36
0.34
0.34
0.34
0.34
2024 1.24
0.31
0.31
0.31
0.31
2023 1.12
0.28
0.28
0.28
0.28
2022 1.00
0.25
0.25
0.25
0.25
2021 0.88
0.22
0.22
0.22
0.22
2020 0.80
0.20
0.20
0.20
0.20
2019 0.72
0.18
0.18
0.18
0.18
2018 0.64
0.16
0.16
0.16
0.16
2017 0.57
0.14
0.14
0.14
0.14
2016 0.52
0.13
0.13
0.13
0.13
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 97 121 388 310
Receivables 1,468 1,551 1,572 1,523
Inventory — — — —
Other — — — —
1,565 1,672 1,960 1,833
2023 2024 2025 Q'26
Payables 3,658 3,719 3,625 3,856
ST’ Debt — — — —
Other — — — 484
3,658 3,719 3,625 4,340

Compound Annual Growth %

10y 5y 3y
Sales (6.64%) (0.09%) 15.36%
Cash Flow 0.00% 0.00% 0.00%
Earnings (7.15%) 6.80% 59.48%
Book Value (0.46%) (2.83%) 3.04%

Revenue $m

Mar Jun Sep Dec Year
’26 261 195 — — —
’25 345 281 207 277 1,110
’24 245 202 269 156 872
’23 283 360 403 327 1,373
’22 300 90 41 292 723
’21 177 196 212 263 848
’20 96 372 268 379 1,115
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 190 40 — — —
’25 87 78 55 39 259
’24 (74) 58 17 46 47
’23 312 124 (178) 203 461
’22 (892) (902) (54) (631) (2,479)
’21 (466) (483) (843) (145) (1,937)
’20 (164) (281) (219) (189) (853)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 190 40 — — —
’25 87 78 55 39 259
’24 (74) 58 17 46 47
’23 312 124 (178) 203 461
’22 (892) (902) (54) (631) (2,479)
’21 (466) (483) (843) (145) (1,937)
’20 (164) (281) (219) (189) (853)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.91 0.88 — — —
’25 3.44 2.09 2.18 2.53 10.26
’24 1.89 1.41 3.17 0.35 6.87
’23 1.34 2.06 2.60 6.40 12.30
’22 0.98 (0.74) 0.18 1.52 1.92
’21 0.14 1.29 0.22 3.74 5.23
’20 (0.59) 2.10 1.02 1.82 4.19
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 21.79 33.53 32.97 37.66 13.64 30.48 45.91 45.21 72.57 74.09

Analyst estimates 2026–2028

Powerpack
High 39.03 45.73 43.40 50.77 49.47 56.95 67.13 75.08 96.60 96.50
People
People Employees 300 310 312 441 412 407 411 350 361 367
Revenue/emp, $m 5.59 5.61 3.21 2.18 2.71 2.08 1.76 3.92 2.42 3.02
Income, $m
Income, $m Revenue 1,677 1,739 1,001 963 1,115 848 723 1,373 872 1,110
Gross margin, % 82.41 77.69 93.61 90.34 81.79 125.94 97.79 88.20 102.98 94.95
EBT 1,017 991 580 464 413 477 148 668 488 662
EBT margin, % 60.64 56.99 57.94 48.18 37.04 56.25 20.47 48.65 55.96 59.64
Net income 881 730 521 401 368 419 137 761 392 543
Depreciation (34) (46) (31) (35) (9) — 5 (37) (23) (62)
Per share, $
Per share, $ Revenue 12.61 14.42 9.10 9.70 13.04 11.54 11.49 23.51 16.36 23.08
Earnings 6.56 5.96 4.68 4.00 4.19 5.23 1.92 12.30 6.87 10.26
Cash flow (0.99) 3.59 4.20 (5.13) (9.98) (26.35) (39.41) 7.89 0.88 5.38
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Free cash flow (0.99) 3.59 4.20 (5.13) (9.98) (26.35) (39.41) 7.89 0.88 5.38
Book value 48.90 56.71 59.59 66.92 78.18 88.14 84.13 98.72 104.18 120.35
Shares, m 133 121 110 99 86 74 63 58 53 48
Valuation, ×
Valuation, × P/E 5.89 5.78 8.23 12.16 7.24 9.28 31.59 6.02 13.20 8.78
P/S 3.09 2.36 4.21 5.05 2.41 4.35 5.33 3.18 5.50 3.89
P/B 0.80 0.60 0.64 0.73 0.40 0.57 0.73 0.76 0.86 0.75
EV/Sales 3.80 3.02 5.33 6.16 3.37 6.18 7.50 4.34 7.31 5.08
EV/FCF (48.25) 12.13 11.56 (11.66) (4.40) (2.71) (2.19) 12.92 135.65 21.77
Cash, $m
Cash, $m Operating cash flow (132) 433 462 (509) (853) (1,937) (2,479) 461 47 259
Capex — — — — — — — — — —
Free cash flow (132) 433 462 (509) (853) (1,937) (2,479) 461 47 259
Balance, $m
Balance, $m Working capital (2,789) (2,416) (2,504) (2,281) (2,201) (2,224) (2,511) (2,093) (2,047) (1,665)
Total debt 1,306 1,292 1,233 1,235 1,224 1,673 1,675 1,694 1,699 1,704
Net debt 1,188 1,148 1,129 1,066 1,062 1,553 1,568 1,597 1,578 1,316
Shareholders’ equity 6,504 6,839 6,555 6,645 6,684 6,478 5,292 5,765 5,553 5,789
Returns, %
Returns, % ROA 6.14 5.11 3.72 2.88 2.44 2.32 0.71 5.03 3.08 4.18
ROIC 9.09 8.51 5.47 4.45 3.80 5.02 2.44 6.20 4.53 5.71
ROE 14.02 10.94 7.78 6.09 5.43 5.91 2.11 13.37 6.64 8.87
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Assured Guaranty Ltd. vs peers in Insurance Specialty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RYAN Ryan Specialty Holdings Inc. $10.2B 52.9× 37.4× +7.19% (above 0%: growing) −19.51% (below 0%: shrinking) −17.82% (below 0%: shrinking) 100.00% 19.67% Compare
AXS Axis Capital Holdings Limited $7.2B 7.0× 7.4× +7.35% (above 0%: growing) +24.00% (above 0%: growing) +137.05% (above 0%: growing) 28.72% 19.18% Compare
FAF First American Financial Corporation $6.5B 9.0× 9.9× +14.99% (above 0%: growing) +51.06% (above 0%: growing) +2.71% (above 0%: growing) 100.00% 16.60% Compare
ACT Enact Holdings, Inc. $6.3B 9.7× 8.8× +4.07% (above 0%: growing) +11.61% (above 0%: growing) −0.84% (below 0%: shrinking) 73.93% 73.26% Compare
ESNT Essent Group Ltd. $5.7B 8.9× 8.0× +13.64% (above 0%: growing) +7.18% (above 0%: growing) +3.88% (above 0%: growing) 65.75% 65.75% Compare
MTG MGIC Investment Corporation $5.7B 8.7× 8.3× −2.91% (below 0%: shrinking) +6.17% (above 0%: growing) +0.83% (above 0%: growing) 81.29% 80.85% Compare
RDN Radian Group Inc. $4.5B 8.7× 7.8× +92.58% (above 0%: growing) −17.48% (below 0%: shrinking) +147.96% (above 0%: growing) 50.35% 30.09% Compare
AGO Assured Guaranty Ltd. $3.1B 9.5× 11.8× −30.60% (below 0%: shrinking) −57.89% (below 0%: shrinking) −48.72% (below 0%: shrinking) 97.95% 42.05%
NMIH NMI Holdings Inc $3.0B 7.9× 7.1× +8.12% (above 0%: growing) +13.82% (above 0%: growing) +10.69% (above 0%: growing) 93.00% 76.67% Compare
Median of peers $6.0B 8.8× 8.1× +7.74% +9.40% +3.30% 77.61% 47.92%

All 17 Insurance Specialty stocks →

Assured Guaranty Ltd. (AGO) key facts

  • Strength: Assured Guaranty Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 27.3% from fiscal 2024.
  • Assured Guaranty Ltd. (AGO) is an Insurance Specialty company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, AGO traded at $70.95, a market capitalization of $3.1 billion.
  • Assured Guaranty Ltd. pays an annual dividend of $1.48 per share, a yield of 2.09%, with a payout ratio of 19.7%.
  • Return on equity was 8.87% and debt-to-equity 0.31.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Assured Guaranty Ltd. (AGO) Latest News

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stockrow.com/AGO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com