Assured Guaranty Ltd. (AGO) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0131,437833771708562842
Cash and cash equivalents16216910414411816675
Short-term investments8511,268729627590396767
Deferred tax assets22    
Total current assets:1,0131,437855771708562842
Noncurrent Assets
Finance lease, right-of-use asset12
Operating lease, right-of-use asset78100
Intangible assets, net (including goodwill)203216     
Goodwill117117     
Intangible assets, net (excluding goodwill)8699     
Deferred tax assets, net68    
Total noncurrent assets:28231868    
Other undisclosed assets14,03912,57112,68013,66213,44313,98214,083
TOTAL ASSETS:15,33414,32613,60314,43314,15114,54414,925
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      5
Taxes payable      5
Total current liabilities:      5
Noncurrent Liabilities
Other undisclosed liabilities8,6297,6747,0487,5947,6478,4819,162
Total liabilities:8,6297,6747,0487,5947,6478,4819,167
Temporary equity, carrying amount217     
Stockholders' equity
Stockholders' equity attributable to parent, including:6,6436,6396,5556,8396,5046,0635,758
Common stock1111112
Additional paid in capital  865731,0601,3421,887
Deferred compensation equity 111555
Accumulated other comprehensive income49834293372149237370
Retained earnings6,1436,2956,3745,8925,2894,4783,494
Other undisclosed stockholders' equity attributable to parent1      
Stockholders' equity attributable to noncontrolling interest416     
Total stockholders' equity:6,6846,6456,5556,8396,5046,0635,758
TOTAL LIABILITIES AND EQUITY:15,33414,32613,60314,43314,15114,54414,925

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,1159631,0021,7391,6772,2071,994
Premiums earned, net485476548
Net investment income297378398418408423403
Financial services revenue690864766570
Other income374(22)3943937
Cost of revenue(219)(93)(80)(407)(313)(444)(151)
Policyholder benefits and claims incurred, net(203)(93)(64)
Deferred policy acquisition costs, amortization expense(16) (16)(19)(18)(20)(25)
Financial services costs(388)(295)(424)(126)
Gross profit:8968709221,3321,3641,7631,843
Operating expenses(197) (248)(244)(245)(231)(239)
Operating income:6998706741,0881,1191,5321,604
Nonoperating expense
(Investment Income, Nonoperating)
      (69)
Interest and debt expense(85)(89)(94)(97)(102)(101)(92)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(228)(321)    88
Income from continuing operations before equity method investments, income taxes:3864605809911,0171,4311,531
Income from equity method investments274     
Income from continuing operations before income taxes:4134645809911,0171,4311,531
Income tax expense(45)(63)(59)(261)(136)(375)(443)
Net income:3684015217308811,0561,088
Net income (loss) attributable to noncontrolling interest(6)1     
Net income attributable to parent:3624025217308811,0561,088
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(1)(1) 
Net income available to common stockholders, diluted:3614015207298801,0551,088

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3684015217308811,0561,088
Other comprehensive income (loss)156249(247)(36) (133)210
Other undisclosed comprehensive income (loss)   203(88)  
Comprehensive income:5246502748977939231,298
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)1     
Comprehensive income, net of tax, attributable to parent:5186512748977939231,298

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: