Filing Flows › Assured Guaranty (AGO) › Q3 2025
Assured Guaranty (AGO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Assured Guaranty (AGO) reported revenue of $207M for the third quarter 2025 (Q3 2025), -23% from a year earlier and -26% from the quarter before. Operating margin was 55.6%, net earnings $105M (50.7% of revenue).
Assured Guaranty, Q3 2025: revenue $207M (-23% year over year), operating margin 55.6%, net earnings $105M, operating cash flow $55.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $207M | -26% | -23% |
| Operating profit | $115M | -12% | -43% |
| Net earnings | $105M | +2% | -39% |
| Operating cash flow | $55.0M | -29% | +224% |
What changed
Revenue was $207.0M in Q3 2025, down 23% year over year and down 26% from the previous quarter.
Operating profit was $115.0M, a 55.6% margin (down 19.5 points year over year). Total costs grew 37% against a revenue fall of 23%. Net earnings were $105.0M, down 39% year over year. The effective tax rate was 15.6%.
Operating cash flow was $55.0M (up 224% year over year), 48% of net income including minority interests. Working capital and other items used $59.0M.
Questions
What was Assured Guaranty's revenue in the third quarter 2025?
Assured Guaranty (AGO) reported revenue of $207M for the third quarter 2025 (Q3 2025), -23% from a year earlier and -26% from the quarter before.
Was Assured Guaranty profitable in the third quarter 2025?
Operating profit was $115M (55.6% of revenue) and net earnings $105M.
Source: Assured Guaranty 10-Q on SEC EDGAR.