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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments917,0001,345,0001,013,0001,437,000833,000771,000
Cash and cash equivalents107,000120,000162,000169,000104,000144,000
Short-term investments810,0001,225,000851,0001,268,000729,000627,000
Deferred tax assets22,000 
Total current assets:917,0001,345,0001,013,0001,437,000855,000771,000
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)163,000175,000203,000216,000  
Goodwill 117,000117,000117,000117,000  
Intangible assets, net (excluding goodwill) 46,00058,00086,00099,000  
Other undisclosed intangible assets, net (including goodwill)      
Deferred tax assets, net68,000 
Total noncurrent assets:163,000175,000282,000318,00068,000 
Other undisclosed assets15,763,00016,688,00014,039,00012,571,00012,680,00013,662,000
TOTAL ASSETS:16,843,00018,208,00015,334,00014,326,00013,603,00014,433,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities11,551,00011,708,0008,629,0007,674,0007,048,0007,594,000
Total liabilities:11,551,00011,708,0008,629,0007,674,0007,048,0007,594,000
Temporary equity, carrying amount  22,00021,0007,000  
Equity
Equity, attributable to parent, including:5,064,0006,292,0006,643,0006,639,0006,555,0006,839,000
Common stock1,0001,0001,0001,0001,0001,000
Additional paid in capital     86,000573,000
Deferred compensation equity    1,0001,0001,000
Accumulated other comprehensive income (loss)(515,000)300,000498,000342,00093,000372,000
Retained earnings5,577,0005,990,0006,143,0006,295,0006,374,0005,892,000
Other undisclosed equity, attributable to parent1,0001,0001,000   
Equity, attributable to noncontrolling interest228,000186,00041,0006,000  
Total equity:5,292,0006,478,0006,684,0006,645,0006,555,0006,839,000
TOTAL LIABILITIES AND EQUITY:16,843,00018,208,00015,334,00014,326,00013,603,00014,433,000

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues723,000848,0001,115,000963,0001,002,0001,739,000
Premiums earned, net494,000414,000485,000476,000548,000
Net investment income269,000269,000297,000378,000398,000418,000
Financial services revenue690,000
Other income15,00021,00037,0004,000(22,000)394,000
Cost of revenue(30,000) (219,000)(93,000)(80,000)(407,000)
Policyholder benefits and claims incurred, net(16,000) (203,000)(93,000)(64,000)
Deferred policy acquisition costs, amortization expense(14,000) (16,000) (16,000)(19,000)
Financial services costs(388,000)
Gross profit:693,000848,000896,000870,000922,0001,332,000
Operating expenses(167,000)(179,000)(197,000) (248,000)(244,000)
Operating income:526,000669,000699,000870,000674,0001,088,000
Interest and debt expense(81,000)(262,000)(85,000)(89,000)(94,000)(97,000)
Other undisclosed loss from continuing operations before equity method investments, income taxes(258,000)(24,000)(228,000)(321,000)  
Income from continuing operations before equity method investments, income taxes:187,000383,000386,000460,000580,000991,000
Income (loss) from equity method investments(39,000)94,00027,0004,000  
Income from continuing operations before income taxes:148,000477,000413,000464,000580,000991,000
Income tax expense(11,000)(58,000)(45,000)(63,000)(59,000)(261,000)
Income from continuing operations:137,000419,000368,000401,000521,000730,000
Income before gain (loss) on sale of properties:419,000368,000401,000521,000730,000
Net income:137,000419,000368,000401,000521,000730,000
Net income (loss) attributable to noncontrolling interest(13,000)(30,000)(6,000)1,000  
Net income attributable to parent:124,000389,000362,000402,000521,000730,000
Other undisclosed net loss available to common stockholders, basic(1,000) (1,000)(1,000)(1,000)(1,000)
Net income available to common stockholders, diluted:123,000389,000361,000401,000520,000729,000

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:137,000419,000368,000401,000521,000730,000
Other comprehensive income (loss)(815,000)(198,000)156,000249,000(247,000)(36,000)
Other undisclosed comprehensive income      203,000
Comprehensive income (loss):(678,000)221,000524,000650,000274,000897,000
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(13,000)(30,000)(6,000)1,000  
Comprehensive income (loss), net of tax, attributable to parent:(691,000)191,000518,000651,000274,000897,000

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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