Assured Guaranty Ltd. (AGO) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4378337717085628421,088
Cash and cash equivalents16910414411816675184
Short-term investments1,268729627590396767904
Deferred tax assets22     
Total current assets:1,4378557717085628421,088
Noncurrent Assets
Finance lease, right-of-use asset2
Operating lease, right-of-use asset100
Intangible assets, net (including goodwill)216     
Goodwill117      
Intangible assets, net (excluding goodwill)99      
Deferred tax assets, net68     
Total noncurrent assets:31868     
Other undisclosed assets12,57112,68013,66213,44313,98214,08315,199
TOTAL ASSETS:14,32613,60314,43314,15114,54414,92516,287
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     544
Taxes payable     544
Total current liabilities:     544
Noncurrent Liabilities
Other undisclosed liabilities7,6747,0487,5947,6478,4819,16211,128
Total liabilities:7,6747,0487,5947,6478,4819,16711,172
Temporary equity, carrying amount7      
Stockholders' equity
Stockholders' equity attributable to parent6,6396,5556,8396,5046,0635,7585,115
Common stock1111122
Additional paid in capital 865731,0601,3421,8872,466
Deferred compensation equity1115555
Accumulated other comprehensive income34293372149237370160
Retained earnings6,2956,3745,8925,2894,4783,4942,482
Stockholders' equity attributable to noncontrolling interest6      
Total stockholders' equity:6,6456,5556,8396,5046,0635,7585,115
TOTAL LIABILITIES AND EQUITY:14,32613,60314,43314,15114,54414,92516,287

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9631,0021,7391,6772,2071,9941,608
Premiums earned, net476548
Net investment income378398418408423403393
Financial services revenue690864766570752
Other income4(22)3943937
Cost of revenue(93)(80)(407)(313)(444)(151)(154)
Policyholder benefits and claims incurred, net(93)(64)
Deferred policy acquisition costs, amortization expense (16)(19)(18)(20)(25)12
Financial services costs(388)(295)(424)(126)(154)
Gross profit:8709221,3321,3641,7631,8431,454
Operating expenses (248)(244)(245)(231)(239)(134)
Operating income:8706741,0881,1191,5321,6041,320
Nonoperating expense
(Investment Income, Nonoperating)
     (69)(50)
Interest and debt expense(89)(94)(97)(102)(101)(92)(82)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(321)    88(46)
Income from continuing operations before equity method investments, income taxes:4605809911,0171,4311,5311,142
Income from equity method investments4      
Income from continuing operations before income taxes:4645809911,0171,4311,5311,142
Income tax expense(63)(59)(261)(136)(375)(443)(334)
Net income:4015217308811,0561,088808
Net income attributable to noncontrolling interest1      
Net income attributable to parent:4025217308811,0561,088808
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(1)  
Net income available to common stockholders, basic:4015207298801,0551,088808
Other undisclosed net loss available to common stockholders, diluted      (1)
Net income available to common stockholders, diluted:4015207298801,0551,088807

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:4015217308811,0561,088808
Other comprehensive income (loss)249(247)(36) (133)210 
Other undisclosed comprehensive income (loss)  203(88)  (355)
Comprehensive income:6502748977939231,298453
Comprehensive income, net of tax, attributable to noncontrolling interest1      
Comprehensive income, net of tax, attributable to parent:6512748977939231,298453

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.

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