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 investments1,3451,0131,437833771708562
Cash and cash equivalents120162169104144118166
Short-term investments1,2258511,268729627590396
Deferred tax assets22   
Total current assets:1,3451,0131,437855771708562
Noncurrent Assets
Finance lease, right-of-use asset 12
Operating lease, right-of-use asset 78100
Intangible assets, net (including goodwill)175203216    
Goodwill117117117    
Intangible assets, net (excluding goodwill)588699    
Deferred tax assets, net68   
Total noncurrent assets:17528231868   
Other undisclosed assets16,68814,03912,57112,68013,66213,44313,982
TOTAL ASSETS:18,20815,33414,32613,60314,43314,15114,544
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities11,7088,6297,6747,0487,5947,6478,481
Total liabilities:11,7088,6297,6747,0487,5947,6478,481
Temporary equity, carrying amount22217    
Stockholders' equity
Stockholders' equity attributable to parent, including:6,2926,6436,6396,5556,8396,5046,063
Common stock1111111
Additional paid in capital   865731,0601,342
Deferred compensation equity  11155
Accumulated other comprehensive income30049834293372149237
Retained earnings5,9906,1436,2956,3745,8925,2894,478
Other undisclosed stockholders' equity attributable to parent11     
Stockholders' equity attributable to noncontrolling interest186416    
Total stockholders' equity:6,4786,6846,6456,5556,8396,5046,063
TOTAL LIABILITIES AND EQUITY:18,20815,33414,32613,60314,43314,15114,544

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
Revenues8481,1159631,0021,7391,6772,207
Premiums earned, net414485476548
Net investment income269297378398418408423
Financial services revenue690864766
Other income21374(22)3943937
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:8488968709221,3321,3641,763
Operating expenses(179)(197) (248)(244)(245)(231)
Operating income:6696998706741,0881,1191,532
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:3833864605809911,0171,431
Income from equity method investments94274    
Income from continuing operations before income taxes:4774134645809911,0171,431
Income tax expense(58)(45)(63)(59)(261)(136)(375)
Net income:4193684015217308811,056
Net income (loss) attributable to noncontrolling interest(30)(6)1    
Net income attributable to parent:3893624025217308811,056
Other undisclosed net loss available to common stockholders, basic (1)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:3893614015207298801,055

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:4193684015217308811,056
Other comprehensive income (loss)(198)156249(247)(36) (133)
Other undisclosed comprehensive income (loss)    203(88) 
Comprehensive income:221524650274897793923
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(30)(6)1    
Comprehensive income, net of tax, attributable to parent:191518651274897793923

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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