Filing Flows › Assured Guaranty (AGO) › Q4 2025
Assured Guaranty (AGO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Assured Guaranty (AGO) reported revenue of $277M for the fourth quarter 2025 (Q4 2025), +78% from a year earlier and +34% from the quarter before. Operating margin was 50.2%, net earnings $119M (43.0% of revenue).
Assured Guaranty, Q4 2025: revenue $277M (+78% year over year), operating margin 50.2%, net earnings $119M, operating cash flow $39.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $277M | +34% | +78% |
| Operating profit | $139M | +21% | +827% |
| Net earnings | $119M | +13% | +561% |
| Operating cash flow | $39.0M | -29% | -15% |
What changed
Revenue was $277.0M in Q4 2025, up 78% year over year and up 34% from the previous quarter.
Operating profit was $139.0M, a 50.2% margin (up 40.6 points year over year). Of the extra revenue versus a year earlier, 102% reached operating profit, above the 10% margin then. Total costs fell 2% while revenue rose 78%. Net earnings were $119.0M, up 561% year over year. The effective tax rate was 16.4%.
Operating cash flow was $39.0M (down 15% year over year), 28% of net income including minority interests. Working capital and other items used $99.0M.
Questions
What was Assured Guaranty's revenue in the fourth quarter 2025?
Assured Guaranty (AGO) reported revenue of $277M for the fourth quarter 2025 (Q4 2025), +78% from a year earlier and +34% from the quarter before.
Was Assured Guaranty profitable in the fourth quarter 2025?
Operating profit was $139M (50.2% of revenue) and net earnings $119M.
Source: Assured Guaranty 10-K on SEC EDGAR.