Assured Guaranty Ltd. (AGO) financial statements (2022 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,345 | 1,013 | 1,437 | 833 | 771 | 708 | 562 | ||
| Cash and cash equivalents | 120 | 162 | 169 | 104 | 144 | 118 | 166 | ||
| Short-term investments | 1,225 | 851 | 1,268 | 729 | 627 | 590 | 396 | ||
| Deferred tax assets | ✕ | ✕ | ✕ | 22 | |||||
| Total current assets: | 1,345 | 1,013 | 1,437 | 855 | 771 | 708 | 562 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 1 | 2 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 78 | 100 | ✕ | ✕ | ✕ | ✕ | |||
| Intangible assets, net (including goodwill) | 175 | 203 | 216 | ||||||
| Goodwill | 117 | 117 | 117 | ||||||
| Intangible assets, net (excluding goodwill) | 58 | 86 | 99 | ||||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 68 | |||||
| Total noncurrent assets: | 175 | 282 | 318 | 68 | |||||
| Other undisclosed assets | 16,688 | 14,039 | 12,571 | 12,680 | 13,662 | 13,443 | 13,982 | ||
| TOTAL ASSETS: | 18,208 | 15,334 | 14,326 | 13,603 | 14,433 | 14,151 | 14,544 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 11,708 | 8,629 | 7,674 | 7,048 | 7,594 | 7,647 | 8,481 | ||
| Total liabilities: | 11,708 | 8,629 | 7,674 | 7,048 | 7,594 | 7,647 | 8,481 | ||
| Temporary equity, carrying amount | 22 | 21 | 7 | ||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 6,292 | 6,643 | 6,639 | 6,555 | 6,839 | 6,504 | 6,063 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 86 | 573 | 1,060 | 1,342 | |||||
| Deferred compensation equity | 1 | 1 | 1 | 5 | 5 | ||||
| Accumulated other comprehensive income | 300 | 498 | 342 | 93 | 372 | 149 | 237 | ||
| Retained earnings | 5,990 | 6,143 | 6,295 | 6,374 | 5,892 | 5,289 | 4,478 | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | 1 | |||||||
| Stockholders' equity attributable to noncontrolling interest | 186 | 41 | 6 | ||||||
| Total stockholders' equity: | 6,478 | 6,684 | 6,645 | 6,555 | 6,839 | 6,504 | 6,063 | ||
| TOTAL LIABILITIES AND EQUITY: | 18,208 | 15,334 | 14,326 | 13,603 | 14,433 | 14,151 | 14,544 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 848 | 1,115 | 963 | 1,002 | 1,739 | 1,677 | 2,207 | |
| Premiums earned, net | 414 | 485 | 476 | 548 | ✕ | ✕ | ✕ | |
| Net investment income | 269 | 297 | 378 | 398 | 418 | 408 | 423 | |
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 690 | 864 | 766 | |
| Other income | 21 | 37 | 4 | (22) | 394 | 39 | 37 | |
| Cost of revenue | (219) | (93) | (80) | (407) | (313) | (444) | ||
| Policyholder benefits and claims incurred, net | (203) | (93) | (64) | ✕ | ✕ | ✕ | ||
| Deferred policy acquisition costs, amortization expense | (16) | (16) | (19) | (18) | (20) | |||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | (388) | (295) | (424) | |
| Gross profit: | 848 | 896 | 870 | 922 | 1,332 | 1,364 | 1,763 | |
| Operating expenses | (179) | (197) | (248) | (244) | (245) | (231) | ||
| Operating income: | 669 | 699 | 870 | 674 | 1,088 | 1,119 | 1,532 | |
| Interest and debt expense | (262) | (85) | (89) | (94) | (97) | (102) | (101) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (24) | (228) | (321) | |||||
| Income from continuing operations before equity method investments, income taxes: | 383 | 386 | 460 | 580 | 991 | 1,017 | 1,431 | |
| Income from equity method investments | 94 | 27 | 4 | |||||
| Income from continuing operations before income taxes: | 477 | 413 | 464 | 580 | 991 | 1,017 | 1,431 | |
| Income tax expense | (58) | (45) | (63) | (59) | (261) | (136) | (375) | |
| Net income: | 419 | 368 | 401 | 521 | 730 | 881 | 1,056 | |
| Net income (loss) attributable to noncontrolling interest | (30) | (6) | 1 | |||||
| Net income attributable to parent: | 389 | 362 | 402 | 521 | 730 | 881 | 1,056 | |
| Other undisclosed net loss available to common stockholders, basic | (1) | (1) | (1) | (1) | (1) | (1) | ||
| Net income available to common stockholders, diluted: | 389 | 361 | 401 | 520 | 729 | 880 | 1,055 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 419 | 368 | 401 | 521 | 730 | 881 | 1,056 | |
| Other comprehensive income (loss) | (198) | 156 | 249 | (247) | (36) | (133) | ||
| Other undisclosed comprehensive income (loss) | 203 | (88) | ||||||
| Comprehensive income: | 221 | 524 | 650 | 274 | 897 | 793 | 923 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (30) | (6) | 1 | |||||
| Comprehensive income, net of tax, attributable to parent: | 191 | 518 | 651 | 274 | 897 | 793 | 923 | |
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.