Assured Guaranty (AGO) FY2024 results: revenue $872 million, down 36.5% on the year
Assured Guaranty Ltd. (AGO) reported revenue of $872 million for fiscal 2024, the year ended 31 December 2024, down 36.5% on the year before. Net income was $376 million, down 49.1%, and diluted earnings per share $6.87. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$872 million
-36.5% on the year
FY2017FY2024
Operating margin
48.9%
46.6% a year earlier
FY2017FY2024
Net income
$376 million
-49.1% on the year
FY2017FY2024
Diluted EPS
$6.87
-44.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
47.0
461
-2,479
-89.8%
Cash from investing
780
286
1,740
+172.7%
Cash from financing
-983
-670
612
Buybacks
502
199
500
+152.3%
Dividends paid
68.0
67.0
64.0
+1.5%
Dividend per share
$1.24
$1.12
$1.00
+10.7%
Diluted shares, weighted
54m
60m
64m
-8.9%
Shares outstanding at period end
51m
56m
59m
-10.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,495
5,713
5,064
-3.8%
Non-controlling interest
58.0
52.0
228
+11.5%
Debt
1,699
1,694
1,675
+0.3%
Other liabilities
4,649
5,080
9,876
-8.5%
Total liabilities and equity
11,901
12,539
16,843
-5.1%
Goodwill
n/a
0.0
117
Intangible assets
n/a
0.0
40.0
Investments
1,221
1,661
810
-26.5%
Cash and equivalents
128
286
207
-55.2%
Other assets
10,552
10,592
15,669
-0.4%
Total assets
11,901
12,539
16,843
-5.1%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.