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Assured Guaranty vs NMI Holdings: AGO and NMIH compared
Assured Guaranty is the larger company: $214M of revenue in its latest quarter (Q3 2026) against $188M for NMI Holdings (Q3 2026). NMI Holdings is growing faster (+5% against +3% a year earlier). NMI Holdings is more profitable, with an operating margin of 64.1% against 40.7%.
Where the money goes: AGO and NMIH
Assured Guaranty (AGO) · Q3 2026
Assured Guaranty, Q3 2026: revenue $214M (+3% year over year), operating margin 40.7%, net earnings $78.0M, operating cash flow $92.0M. The chart follows the revenue to costs, profit and cash.
NMI Holdings (NMIH) · Q3 2026
NMI Holdings, Q3 2026: revenue $188M (+5% year over year), operating margin 64.1%, net earnings $93.5M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Assured Guaranty (AGO) | NMI Holdings (NMIH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $214M | $188M |
| Revenue growth, Y/Y | +3% | +5% |
| Operating margin | 40.7% | 64.1% |
| Net earnings | $78.0M | $93.5M |
| Net margin | 36.4% | 49.8% |
| Operating cash flow | $92.0M | $111M |
| Free cash flow | — | $109M |
| Market value | — | $3.0B |
| P/E | — | 7.6× |
| Analysts’ mean target | — | $48.00 |
Questions
Which is bigger, Assured Guaranty or NMI Holdings?
Assured Guaranty is the larger company: $214M of revenue in its latest quarter (Q3 2026) against $188M for NMI Holdings (Q3 2026).
Is Assured Guaranty or NMI Holdings growing faster?
NMI Holdings is growing faster (+5% against +3% a year earlier).
Which is more profitable, Assured Guaranty or NMI Holdings?
NMI Holdings is more profitable, with an operating margin of 64.1% against 40.7%.
More: Assured Guaranty earnings · how Assured Guaranty makes money · NMI Holdings earnings · how NMI Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.