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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,764,0001,391,000917,0001,308,0001,001,000704,000
Cash and cash equivalents114,000118,000107,000131,000138,000119,000
Short-term investments1,650,0001,273,000810,0001,177,000863,000585,000
Disposal group, including discontinued operation 20,00025,000    
Total current assets:1,784,0001,416,000917,0001,308,0001,001,000704,000
Noncurrent Assets
Intangible assets, net (including goodwill), including:6,0006,000163,000166,000169,000172,000
Goodwill   117,000   
Intangible assets, net (excluding goodwill)   46,000   
Other undisclosed intangible assets, net (including goodwill)6,0006,000 166,000169,000172,000
Total noncurrent assets:6,0006,000163,000166,000169,000172,000
Other undisclosed assets15,062,00015,356,00015,763,00015,186,00015,790,00016,969,000
TOTAL ASSETS:16,852,00016,778,00016,843,00016,660,00016,960,00017,845,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities11,397,00011,363,00011,551,00011,486,00011,392,00011,829,000
Total liabilities:11,397,00011,363,00011,551,00011,486,00011,392,00011,829,000
Temporary equity, carrying amount    21,00021,00021,000
Equity
Equity, attributable to parent, including:5,276,0005,220,0005,064,0004,929,0005,304,0005,802,000
Common stock1,0001,0001,0001,0001,0001,000
Accumulated other comprehensive loss(458,000)(420,000)(515,000)(652,000)(370,000)(78,000)
Retained earnings5,732,0005,638,0005,577,0005,579,0005,672,0005,878,000
Other undisclosed equity, attributable to parent1,0001,0001,0001,0001,0001,000
Equity, attributable to noncontrolling interest179,000195,000228,000224,000243,000193,000
Total equity:5,455,0005,415,0005,292,0005,153,0005,547,0005,995,000
TOTAL LIABILITIES AND EQUITY:16,852,00016,778,00016,843,00016,660,00016,960,00017,845,000

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues360,000283,000292,00041,00090,000300,000
Premiums earned, net85,00081,000109,00089,00082,000214,000
Net investment income89,00081,00078,00067,00062,00062,000
Realized investment gains (losses)(9,000)(2,000)(17,000)(14,000)(28,000)3,000
Cost of revenue(58,000)(7,000)(30,000)  (61,000)
Policyholder benefits and claims incurred, net(55,000)(4,000)   (57,000)
Deferred policy acquisition costs, amortization expense(3,000)(3,000)   (4,000)
Gross profit:302,000276,000262,00041,00090,000239,000
Operating expenses(71,000)(55,000)(47,000)(37,000)(41,000)(42,000)
Operating income:231,000221,000215,0004,00049,000197,000
Interest and debt expense(22,000)(21,000)(21,000)(20,000)(20,000)(20,000)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(70,000)(82,000)(87,000)14,000(51,000)(73,000)
Income (loss) from continuing operations before equity method investments, income taxes:139,000118,000107,000(2,000)(22,000)104,000
Income (loss) from equity method investments5,0002,000(8,000)(20,000) (11,000)
Income (loss) from continuing operations before income taxes:144,000120,00099,000(22,000)(22,000)93,000
Income tax expense (benefit)(18,000)(23,000)(17,000)27,000(3,000)(18,000)
Income (loss) from continuing operations:126,00097,00082,0005,000(25,000)75,000
Income (loss) before gain (loss) on sale of properties:5,000(25,000)75,000
Net income (loss):126,00097,00082,0005,000(25,000)75,000
Net income (loss) attributable to noncontrolling interest(1,000)(16,000)12,0006,000(22,000)(9,000)
Net income (loss) attributable to parent:125,00081,00094,00011,000(47,000)66,000
Other undisclosed net loss available to common stockholders, basic(1,000) (1,000)   
Net income (loss) available to common stockholders, diluted:124,00081,00093,00011,000(47,000)66,000

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):126,00097,00082,0005,000(25,000)75,000
Other comprehensive income (loss)(38,000)95,000137,000(282,000)(292,000)(378,000)
Comprehensive income (loss):88,000192,000219,000(277,000)(317,000)(303,000)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,000)(16,000)12,0006,000(22,000)(9,000)
Comprehensive income (loss), net of tax, attributable to parent:87,000176,000231,000(271,000)(339,000)(312,000)

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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