Filing Flows

Filing Flows › Companies › Assured Guaranty › Cash flow

Assured Guaranty cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$92.0M in Q3 2026 · $361M over twelve months

Operating cash flow$92.0M
Free cash flow+$92.0M
Cash / net income1.1×

Analysis

In Q3 2026, Assured Guaranty generated $92.0M of operating cash flow. That is $37.0M more than in Q3 2025 ($55.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $361M; the largest uses were buybacks ($261M), other financing ($110M), dividends ($68.0M); besides operations, cash came from other investing ($182M); the cash balance rose by $83.0M.

Operating cash flow was $92.0M against net income of $80.0M — 1.1× profit, cash ran ahead of reported earnings.

Free cash flow

Assured Guaranty: free cash flow by quarterAssured Guaranty: free cash flow by quarter$46.0MQ4 2024$87.0MQ1 2025$78.0MQ2 2025$55.0MQ3 2025$39.0MQ4 2025$190MQ1 2026$40.0MQ2 2026$92.0MQ3 2026
Operating cash flow less capital spending.
Assured Guaranty: operating cash flow against capital spendingAssured Guaranty: operating cash flow against capital spendingOperating cash flowCapital spending$46.0M$0Q4 2024$87.0M$0Q1 2025$78.0M$0Q2 2025$55.0M$0Q3 2025$39.0M$0Q4 2025$190M$0Q1 2026$40.0M$0Q2 2026$92.0M$0Q3 2026
Latest (Q3 2026): Operating cash flow $92.0M, Capital spending $0.

Capital allocation, year by year

Assured Guaranty: where the cash came from (up) and went (down), by fiscal yearAssured Guaranty: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingBuybacksDividendsFY2021: Operating cash flow −$1.9BFY2021: Net borrowing $2.5BFY2021: Buybacks −$496MFY2021: Dividends −$66.0M$2.5BFY2021FY2022: Operating cash flow −$2.5BFY2022: Net borrowing $1.5BFY2022: Buybacks −$500MFY2022: Dividends −$64.0M$1.5BFY2022FY2023: Operating cash flow $461MFY2023: Net borrowing $11.0MFY2023: Buybacks −$199MFY2023: Dividends −$67.0M$472MFY2023FY2024: Operating cash flow $47.0MFY2024: Buybacks −$502MFY2024: Dividends −$68.0M$47.0MFY2024FY2025: Operating cash flow $259MFY2025: Buybacks −$500MFY2025: Dividends −$68.0M$259MFY2025
Over these 5 years operating cash flow totalled −$3.6B; the largest uses were operating cash flow ($4.4B) and buybacks ($2.2B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$995M
Debt$1.7B
Net debt$712M

Assured Guaranty funds itself: free cash flow was $361M over the last twelve months, and $995M of cash and investments stands against $1.7B of debt.

Where the cash came from and went

Assured Guaranty: sources (+) and uses (−) of cash, Q3 2026Assured Guaranty: sources (+) and uses (−) of cash, Q3 2026Other investing−$146MOperating cash flow$92.0MCash drawn (+) / kept (−)$84.0MDividends−$17.0MBuybacks−$10.0MOther financing−$3.0MTaxes on employees’ shares−$1.0MExchange rates$1.0M
Assured Guaranty: sources (+) and uses (−) of cash, TTM to Q3 2026Assured Guaranty: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$361MBuybacks−$261MOther investing$182MOther financing−$110MCash drawn (+) / kept (−)−$83.0MDividends−$68.0MTaxes on employees’ shares−$21.0M

Every quarter

QuarterOperating cash flowAcquisitionsBuybacksDividendsCash drawn (+) / kept (−)Free cash flow
Q3 2026$92.0M—−$10.0M−$17.0M$84.0M$92.0M
Q2 2026$40.0M—−$45.0M−$17.0M$2.0M$40.0M
Q1 2026$190M−$145M−$75.0M−$19.0M$86.0M$190M
Q4 2025$39.0M—−$131M−$15.0M−$255M$39.0M
Q3 2025$55.0M—−$118M−$17.0M$161M$55.0M
Q2 2025$78.0M—−$131M−$17.0M−$143M$78.0M
Q1 2025$87.0M—−$120M−$19.0M−$54.0M$87.0M
Q4 2024$46.0M—−$90.0M−$16.0M$46.0M$46.0M

Assured Guaranty: income statement and cash flow

Assured Guaranty, Q3 2026: revenue $214M (+3% year over year), operating margin 40.7%. The chart follows the revenue to costs, profit and cash.

Assured Guaranty: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.