Filing Flows › Assured Guaranty (AGO) › Q2 2025
Assured Guaranty (AGO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Assured Guaranty (AGO) reported revenue of $281M for the second quarter 2025 (Q2 2025), +39% from a year earlier and -19% from the quarter before. Operating margin was 46.3%, net earnings $103M (36.7% of revenue).
Assured Guaranty, Q2 2025: revenue $281M (+39% year over year), operating margin 46.3%, net earnings $103M, operating cash flow $78.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $281M | -19% | +39% |
| Operating profit | $130M | -26% | +46% |
| Net earnings | $103M | -41% | +32% |
| Operating cash flow | $78.0M | -10% | +34% |
What changed
Revenue was $281.0M in Q2 2025, up 39% year over year and down 19% from the previous quarter.
Operating profit was $130.0M, a 46.3% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 52% reached operating profit, above the 44% margin then. Total costs grew 34% against revenue growth of 39%. Net earnings were $103.0M, up 32% year over year. The effective tax rate was 20.3%.
Operating cash flow was $78.0M (up 34% year over year), 74% of net income including minority interests. Working capital and other items used $28.0M.
Questions
What was Assured Guaranty's revenue in the second quarter 2025?
Assured Guaranty (AGO) reported revenue of $281M for the second quarter 2025 (Q2 2025), +39% from a year earlier and -19% from the quarter before.
Was Assured Guaranty profitable in the second quarter 2025?
Operating profit was $130M (46.3% of revenue) and net earnings $103M.
Source: Assured Guaranty 10-Q on SEC EDGAR.