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Assured Guaranty AGO Asset Management — Segment amortization of deferred acquisition costs

Other segment segments

Financial Guaranty
$5M
Annuity Reinsurance Segment
$0

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Other financials

Income statement

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Revenue$195.0M-30.6%
Net income$39.0M-62.1%
EPS (diluted)$0.88-57.7%

Balance sheet

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Cash & equivalents$310.0M+3.0%
Total debt$1.7B+0.3%
Total equity$5.6B-1.3%
Total assets$12.6B+4.5%

Cash flow

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Operating cash flow$40.0M-48.7%

Valuation

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Market cap$3.34B-14.5%
Enterprise value$4.74B-10.8%
P/E9.5×+1.2×
P/S3.6×-0.2×

Profitability

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Net margin37.3%-7.2pp

Returns & leverage

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Return on equity6.3%-2.1pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by Assured Guaranty in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostAmortizationExpense.

The source filing: Assured Guaranty’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 8:34 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001273813-26-000077
Line itemSecond Quarter / 2026 / Financial GuarantySecond Quarter / 2026 / Annuity ReinsuranceSecond Quarter / 2026 / Asset ManagementSecond Quarter / 2025 / Financial GuarantySecond Quarter / 2025 / Asset Management
Segment loss and loss adjustment expense (LAE) (benefit)527
Segment benefit expense for annuity reinsurance contracts8
Segment employee compensation and benefit expenses47344
Segment amortization of deferred acquisition costs (DAC)55
Other segment items (2)302299
Segment expenses87131059
Segment equity in earnings (losses) of investees(10)(5)2(1)
Less: Segment provision (benefit) for income taxes17(1)201

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Assured Guaranty's asset management — segment amortization of deferred acquisition costs?
Assured Guaranty (AGO) reported asset management — segment amortization of deferred acquisition costs of $0 in Q2 2026.
What does asset management — segment amortization of deferred acquisition costs mean?
Represents the systematic expensing of costs incurred to acquire new investment management contracts or insurance policies over the life of those agreements. It serves as a measure of how acquisition costs are matched against the revenue generated from those assets.

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