Assured Guaranty Ltd - Understand $ago stock

$AGO Market Cap: $4.67 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.029B

TTM

Gross Margin

106.79%

TTM

Net Earnings

$734.0M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$12.29B

Q3 2024

Total Liabilities

$6.509B

Q3 2024

Book Value

$5.782B

Q3 2024

Cash

$174.0M

Q3 2024

P/E

6.363

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$1.373B	$723.0M	$848.0M	$1.115B	$963.0M	$1.001B	$1.739B	$1.677B	$2.207B	$1.994B	$1.608B	$954.0M	$1.805B	$1.313B	$963.0M	$624.5M	-$301.6M	$340.4M	$294.5M	$347.9M	$512.3M	$302.0M
YoY Change	89.9%	-14.74%	-23.95%	15.78%	-3.8%	-42.44%	3.7%	-24.01%	10.68%	24.0%	68.55%	-47.15%	37.47%	36.34%	54.2%	-307.06%	-188.6%	15.59%	-15.35%	-32.09%	69.64%	-23.14%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$1.373B	$723.0M	$848.0M	$1.115B	$963.0M	$1.001B	$1.739B	$1.677B	$2.207B	$1.994B	$1.608B	$954.0M	$1.805B	$1.313B	$963.0M	$624.5M	-$301.6M	$340.4M	$294.5M	$347.9M	$512.3M	$302.0M
Cost Of Revenue	$162.0M	$16.00M	-$220.0M	$203.0M	$93.00M	$64.00M	$388.0M	$295.0M	$424.0M	$126.0M	$154.0M	$504.0M	$448.0M	$412.0M
Gross Profit	$1.211B	$707.0M	$1.068B	$912.0M	$870.0M	$937.0M	$1.351B	$1.382B	$1.783B	$1.868B	$1.454B	$450.0M	$1.357B	$901.0M
Gross Profit Margin	88.2%	97.79%	125.94%	81.79%	90.34%	93.61%	77.69%	82.41%	80.79%	93.68%	90.42%	47.17%	75.18%	68.62%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Selling, General & Admin	$251.0M	$258.0M	$230.0M	$228.0M	$178.0M													$9.500M	$12.90M	$15.50M	$9.800M	$8.500M
YoY Change	-2.71%	12.17%	0.88%	28.09%														-26.36%	-16.77%	58.16%	15.29%	-5.56%
% of Gross Profit	20.73%	36.49%	21.54%	25.0%	20.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$13.00M	$14.00M	$14.00M	$16.00M	$18.00M	$16.00M	$19.00M	$18.00M	$20.00M	$25.00M	$12.00M	$14.00M	$17.00M	$22.00M							$0.00	$0.00
YoY Change	-7.14%	0.0%	-12.5%	-11.11%	12.5%	-15.79%	5.56%	-10.0%	-20.0%	108.33%	-14.29%	-17.65%	-22.73%									-100.0%
% of Gross Profit	1.07%	1.98%	1.31%	1.75%	2.07%	1.71%	1.41%	1.3%	1.12%	1.34%	0.83%	3.11%	1.25%	2.44%
Operating Expenses	$590.0M	$362.0M	$115.0M	$555.0M	$392.0M	$328.0M	$651.0M	$558.0M	$675.0M	$371.0M	$384.0M	$730.0M	$677.0M	$672.0M	$645.2M	$417.5M	$137.9M	$136.6M	$51.40M	$102.3M	$260.4M	$208.2M
YoY Change	62.98%	214.78%	-79.28%	41.58%	19.51%	-49.62%	16.67%	-17.33%	81.94%	-3.39%	-47.4%	7.83%	0.74%	4.15%	54.54%	202.76%	0.95%	165.76%	-49.76%	-60.71%	25.07%	-23.23%
Operating Profit	$621.0M	$345.0M	$953.0M	$357.0M	$478.0M	$609.0M	$700.0M	$824.0M	$1.108B	$1.497B	$1.070B	-$280.0M	$680.0M	$229.0M
YoY Change	80.0%	-63.8%	166.95%	-25.31%	-21.51%	-13.0%	-15.05%	-25.63%	-25.99%	39.91%	-482.14%	-141.18%	196.94%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Interest Expense	$90.00M	$81.00M	$87.00M	$85.00M	$89.00M	$94.00M	$97.00M	$102.0M	$101.0M	$92.00M	$82.00M	$92.00M	$99.00M	$100.0M	-$62.80M	-$23.30M	-$23.50M	-$13.80M	-$13.50M	-$10.70M	-$5.700M	-$10.60M
YoY Change	11.11%	-6.9%	2.35%	-4.49%	-5.32%	-3.09%	-4.9%	0.99%	9.78%	12.2%	-10.87%	-7.07%	-1.0%	-259.24%	169.53%	-0.85%	70.29%	2.22%	26.17%	87.72%	-46.23%	-7.83%
% of Operating Profit	14.49%	23.48%	9.13%	23.81%	18.62%	15.44%	13.86%	12.38%	9.12%	6.15%	7.66%		14.56%	43.67%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Pretax Income	$668.0M	$148.0M	$477.0M	$413.0M	$464.0M	$580.0M	$991.0M	$1.017B	$1.431B	$1.531B	$1.142B	$132.0M	$1.029B	$534.0M	$116.9M	$112.3M	-$463.0M	$190.0M	$229.6M	$233.3M	$246.2M	$83.20M
YoY Change	351.35%	-68.97%	15.5%	-10.99%	-20.0%	-41.47%	-2.56%	-28.93%	-6.53%	34.06%	765.15%	-87.17%	92.7%	356.8%	4.1%	-124.25%	-343.68%	-17.25%	-1.59%	-5.24%	195.91%	-24.43%
Income Tax	-$93.00M	$11.00M	$58.00M	$45.00M	$63.00M	$59.00M	$261.0M	$136.0M	$375.0M	$443.0M	$334.0M	$22.00M	$256.0M	$50.00M	$32.10M	$43.40M	-$159.8M	$30.20M	$41.20M	$50.50M	$31.70M	$10.60M
% Of Pretax Income	-13.92%	7.43%	12.16%	10.9%	13.58%	10.17%	26.34%	13.37%	26.21%	28.94%	29.25%	16.67%	24.88%	9.36%	27.46%	38.65%		15.89%	17.94%	21.65%	12.88%	12.74%
Net Earnings	$739.0M	$124.0M	$389.0M	$362.0M	$402.0M	$521.0M	$730.0M	$881.0M	$1.056B	$1.088B	$808.0M	$110.0M	$773.0M	$484.0M	$86.00M	$68.90M	-$303.3M	$159.7M	$188.4M	$182.8M	$214.5M	$72.60M
YoY Change	495.97%	-68.12%	7.46%	-9.95%	-22.84%	-28.63%	-17.14%	-16.57%	-2.94%	34.65%	634.55%	-85.77%	59.71%	462.79%	24.82%	-122.72%	-289.92%	-15.23%	3.06%	-14.78%	195.45%	13.79%
Net Earnings / Revenue	53.82%	17.15%	45.87%	32.47%	41.74%	52.05%	41.98%	52.53%	47.85%	54.56%	50.25%	11.53%	42.83%	36.86%	8.93%	11.03%		46.92%	63.97%	52.54%	41.87%	24.04%
Basic Earnings Per Share	$12.54	$1.95	$5.29	$4.22	$4.04	$4.73	$6.05	$6.61	$7.12	$6.30	$4.32	$0.58	$4.21	$2.63
Diluted Earnings Per Share	$12.30	$1.92	$5.23	$4.19	$4.00	$4.68	$5.96	$6.56	$7.08	$6.26	$4.30	$0.57	$4.16	$2.56	$666.2K	$779.4K	-$4.460M	$2.152M	$2.529M	$2.437M	$2.860M	$968.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets																$19.00M	$14.00M	$8.000M	$12.00M	$15.00M	$11.00M	$179.0M
YoY Change																35.71%	75.0%	-33.33%	-20.0%	36.36%	-93.85%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets												$1.000M	$76.00M			$40.00M	$14.00M	$8.000M	$15.00M	$15.00M	$126.0M	$179.0M
YoY Change												-98.68%				185.71%	75.0%	-46.67%	0.0%	-88.1%	-29.61%
Property, Plant & Equipment	$71.00M	$100.0M	$100.0M	$79.00M	$102.0M
YoY Change	-29.0%	0.0%	26.58%	-22.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$9.481B	$13.86B	$14.88B	$11.75B	$10.81B	$10.87B	$11.40B	$10.99B	$11.19B	$11.38B	$10.79B	$11.09B	$11.10B	$10.74B	$10.97B	$3.631B	$3.140B	$2.465B	$2.250B	$2.141B	$2.190B	$2.052B
YoY Change	-31.58%	-6.86%	26.62%	8.68%	-0.56%	-4.58%	3.73%	-1.85%	-1.69%	5.55%	-2.71%	-0.13%	3.33%	-2.07%	202.07%	15.64%	27.38%	9.56%	5.09%	-2.24%	6.73%
Other Assets	$28.00M	$2.000M	$2.000M				$98.00M	$497.0M	$276.0M	$260.0M	$688.0M	$721.0M	$804.0M	$1.259B	$1.163B	$129.0M	$148.0M	$0.00
YoY Change	1300.0%	0.0%					-80.28%	80.07%	6.15%	-62.21%	-4.58%	-10.32%	-36.14%	8.25%	801.55%	-12.84%
Total Long-Term Assets												$17.24B	$17.63B			$4.516B	$3.749B	$2.927B	$2.681B	$2.679B	$2.732B	$2.541B
YoY Change												-2.22%				20.46%	28.08%	9.18%	0.07%	-1.94%	7.52%
Total Assets	$12.54B	$16.84B	$18.21B	$15.33B	$14.33B	$13.60B	$14.43B	$14.15B	$14.54B	$14.92B	$16.29B	$17.24B	$17.71B	$19.84B	$16.78B	$4.556B	$3.763B	$2.935B	$2.696B	$2.694B	$2.858B	$2.720B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$87.00M	$100.0M	$136.0M	$118.0M	$130.0M
YoY Change	-13.0%	-26.47%	15.25%	-9.23%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due					$93.00M	$95.00M
YoY Change					-2.11%
Total Short-Term Liabilities	$87.00M	$100.0M	$136.0M	$118.0M	$223.0M	$95.00M				$5.000M	$44.00M			$93.00M	$154.0M	$9.000M	$23.00M	$43.00M	$53.00M	$62.00M	$71.00M	$96.00M
YoY Change	-13.0%	-26.47%	15.25%	-47.09%	134.74%					-88.64%				-39.61%	1611.11%	-60.87%	-46.51%	-18.87%	-14.52%	-12.68%	-26.04%
Long-Term Debt	$1.694B	$1.675B	$1.673B	$1.225B	$1.144B	$1.138B	$1.292B	$1.306B	$1.300B	$1.297B	$816.0M	$836.0M	$1.038B	$1.053B	$1.066B	$347.0M	$347.0M	$347.0M	$197.0M	$197.0M	$75.00M	$75.00M
YoY Change	1.13%	0.12%	36.57%	7.08%	0.53%	-11.92%	-1.07%	0.46%	0.23%	58.95%	-2.39%	-19.46%	-1.42%	-1.22%	207.2%	0.0%	0.0%	76.14%	0.0%	162.67%	0.0%
Other Long-Term Liabilities	$959.0M	$5.860B	$5.314B	$2.463B	$1.521B	$1.126B	$1.322B	$1.639B	$2.067B	$2.692B	$4.977B	$5.385B	$5.206B	$7.141B	$3.157B	$795.0M	$685.0M	$61.00M	$69.00M	$44.00M	$56.00M	$150.0M
YoY Change	-83.63%	10.27%	115.75%	61.93%	35.08%	-14.83%	-19.34%	-20.71%	-23.22%	-45.91%	-7.58%	3.44%	-27.1%	126.2%	297.11%	16.06%	1022.95%	-11.59%	56.82%	-21.43%	-62.67%
Total Long-Term Liabilities	$2.653B	$7.535B	$6.987B	$3.688B	$2.665B	$2.264B	$2.614B	$2.945B	$3.367B	$3.989B	$5.793B	$6.221B	$6.244B	$8.194B	$4.223B	$1.142B	$1.032B	$408.0M	$266.0M	$241.0M	$131.0M	$225.0M
YoY Change	-64.79%	7.84%	89.45%	38.39%	17.71%	-13.39%	-11.24%	-12.53%	-15.59%	-31.14%	-6.88%	-0.37%	-23.8%	94.03%	269.79%	10.66%	152.94%	53.38%	10.37%	83.97%	-41.78%
Total Liabilities	$6.826B	$11.78B	$11.92B	$8.691B	$7.687B	$7.048B	$7.594B	$7.647B	$8.481B	$9.161B	$11.17B	$12.25B	$13.06B	$16.11B	$13.27B	$2.629B	$2.096B	$1.285B	$1.035B	$1.166B	$1.420B	$1.463B
YoY Change	-42.05%	-1.2%	37.18%	13.06%	9.07%	-7.19%	-0.69%	-9.83%	-7.42%	-18.0%	-8.79%	-6.2%	-18.94%	21.39%	404.75%	25.43%	63.11%	24.15%	-11.23%	-17.89%	-2.94%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	58.40M shares	62.90M shares	73.50M shares	85.50M shares	99.30M shares	110.0M shares	120.6M shares	133.0M shares	148.1M shares	172.6M shares	186.6M shares	189.2M shares	183.4M shares	184.0M shares
Diluted Shares Outstanding	59.60M shares	63.90M shares	74.30M shares	86.20M shares	100.2M shares	111.3M shares	122.3M shares	134.1M shares	149.0M shares	173.6M shares	187.6M shares	190.7M shares	185.5M shares	188.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.6702 Billion

About ASSURED GUARANTY LTD

Assured Guaranty Ltd. is a holding company, which engages in the provision of credit protection products to the U.S. and international public finance, and structured finance markets through its subsidiaries. Through its subsidiaries, the Company provides credit enhancement products to the United States and non-United States public finance, infrastructure and structured finance markets. The firm also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP and certain of its investment management affiliates. Its segments include Insurance and Asset Management. Through its insurance subsidiaries, the Company applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. Asset management segment serves as an investment advisor to primarily collateralized loan obligations and opportunity funds, through Assured Investment Management LLC and its investment management affiliates.

Industry: Surety Insurance Peers: ARCH CAPITAL GROUP LTD. Argo Group International Holdings, Inc. AXIS CAPITAL HOLDINGS LTD James River Group Holdings, Ltd.