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How Assured Guaranty (AGO) makes money

Assured Guaranty (AGO) made $214M of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. Of every dollar of revenue, 41¢ was left as operating profit, 36¢ was left as net earnings.

Drawing the Sankey…

Assured Guaranty revenue by quarterAssured Guaranty revenue by quarter$345MQ1 2025$281MQ2 2025$207MQ3 2025$277MQ4 2025$261MQ1 2026$195MQ2 2026$214MQ3 2026
Assured Guaranty: where each dollar of revenue goesAssured Guaranty: where each dollar of revenue goesOperating profit41¢Income tax9¢Net earnings36¢Operating cash flow43¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$214M100.0%
Operating profit$87.0M40.7%
Income tax$19.0M8.9%
Net earnings$78.0M36.4%
Operating cash flow$92.0M43.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$214M+3%
Q2 2026$195M-31%
Q1 2026$261M-24%
Q4 2025$277M+78%
Q3 2025$207M-23%
Q2 2025$281M+39%
Q1 2025$345M+41%

From Assured Guaranty's 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does Assured Guaranty make money?

Assured Guaranty (AGO) made $214M of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. Of every dollar of revenue, 41¢ was left as operating profit, 36¢ was left as net earnings.

What is Assured Guaranty's profit margin?

Net earnings were $78.0M, 36.4% of revenue, in the third quarter 2026; the operating margin was 40.7%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.