Assured Guaranty Ltd. (AGO) Financial Statements (2024 and earlier)

Company Profile

Business Address 30 WOODBOURNE AVE
HAMILTON BERMUDA, HM08
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6351 - Surety Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,758,000917,0001,345,0001,013,0001,437,000833,000
Cash and cash equivalents97,000107,000120,000162,000169,000104,000
Short-term investments1,661,000810,0001,225,000851,0001,268,000729,000
Deferred tax assets22,000
Total current assets:1,758,000917,0001,345,0001,013,0001,437,000855,000
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    1,0002,000
Operating lease, right-of-use asset    78,000100,000
Intangible assets, net (including goodwill) 6,000163,000175,000203,000216,000 
Goodwill  117,000117,000117,000117,000 
Intangible assets, net (excluding goodwill) 6,00046,00058,00086,00099,000 
Deferred tax assets, net68,000
Total noncurrent assets: 6,000163,000175,000282,000318,00068,000
Other undisclosed assets10,775,00015,763,00016,688,00014,039,00012,571,00012,680,000
TOTAL ASSETS:12,539,00016,843,00018,208,00015,334,00014,326,00013,603,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6,774,00011,551,00011,708,0008,629,0007,674,0007,048,000
Total liabilities:6,774,00011,551,00011,708,0008,629,0007,674,0007,048,000
Temporary equity, carrying amount   22,00021,0007,000 
Equity
Equity, attributable to parent, including:5,713,0005,064,0006,292,0006,643,0006,639,0006,555,000
Common stock1,0001,0001,0001,0001,0001,000
Additional paid in capital      86,000
Deferred compensation equity     1,0001,000
Accumulated other comprehensive income (loss)(359,000)(515,000)300,000498,000342,00093,000
Retained earnings6,070,0005,577,0005,990,0006,143,0006,295,0006,374,000
Other undisclosed equity, attributable to parent1,0001,0001,0001,000  
Equity, attributable to noncontrolling interest52,000228,000186,00041,0006,000 
Total equity:5,765,0005,292,0006,478,0006,684,0006,645,0006,555,000
TOTAL LIABILITIES AND EQUITY:12,539,00016,843,00018,208,00015,334,00014,326,00013,603,000

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,373,000723,000848,0001,115,000963,0001,002,000
Premiums earned, net344,000494,000414,000485,000476,000548,000
Net investment income365,000269,000269,000297,000378,000398,000
Cost of revenue(175,000)(30,000) (219,000)(93,000)(80,000)
Policyholder benefits and claims incurred, net(162,000)(16,000) (203,000)(93,000)(64,000)
Deferred policy acquisition costs, amortization expense(13,000)(14,000) (16,000) (16,000)
Gross profit:1,198,000693,000848,000896,000870,000922,000
Operating expenses(217,000)(167,000)(179,000)(197,000) (248,000)
Operating income:981,000526,000669,000699,000870,000674,000
Interest and debt expense(90,000)(81,000)(262,000)(85,000)(89,000)(94,000)
Other undisclosed loss from continuing operations before equity method investments, income taxes(251,000)(258,000)(24,000)(228,000)(321,000) 
Income from continuing operations before equity method investments, income taxes:640,000187,000383,000386,000460,000580,000
Income (loss) from equity method investments28,000(39,000)94,00027,0004,000 
Income from continuing operations before income taxes:668,000148,000477,000413,000464,000580,000
Income tax expense (benefit)93,000(11,000)(58,000)(45,000)(63,000)(59,000)
Income from continuing operations:761,000137,000419,000368,000401,000521,000
Income before gain (loss) on sale of properties:419,000368,000401,000521,000
Net income:761,000137,000419,000368,000401,000521,000
Net income (loss) attributable to noncontrolling interest(22,000)(13,000)(30,000)(6,000)1,000 
Net income attributable to parent:739,000124,000389,000362,000402,000521,000
Other undisclosed net loss available to common stockholders, basic(6,000)(1,000) (1,000)(1,000)(1,000)
Net income available to common stockholders, diluted:733,000123,000389,000361,000401,000520,000

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:761,000137,000419,000368,000401,000521,000
Other comprehensive income (loss)156,000(815,000)(198,000)156,000249,000(247,000)
Comprehensive income (loss):917,000(678,000)221,000524,000650,000274,000
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(22,000)(13,000)(30,000)(6,000)1,000 
Comprehensive income (loss), net of tax, attributable to parent:895,000(691,000)191,000518,000651,000274,000

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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