Assured Guaranty AGO Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent by Business | ||||||
| Annuity Reinsurance Segment | $0— | —— | —— | —— | —— | |
| Asset Management | $44M+4,300% | $1M-66.7% | $3M-25.0% | $4M-66.7% | $12M— | |
| Financial Guaranty | $102M— | —— | —— | —— | $168M— | |
| Revenue by Business | ||||||
| Annuity Reinsurance Segment | $10M— | —— | —— | —— | —— | |
| Asset Management | $118M— | $0-100% | $8M-46.7% | $15M+150% | $6M— | |
| Financial Guaranty | $182M— | —— | —— | —— | $239M— | |
| Segment adjusted operating income (loss) by Business | ||||||
| Annuity Reinsurance Segment | $0— | —— | —— | —— | —— | |
| Asset Management | $44M+4,300% | $1M-66.7% | $3M-25.0% | $4M-66.7% | $12M— | |
| Financial Guaranty | $102M— | —— | —— | —— | $168M— | |
| Net investment income by Business | ||||||
| Annuity Reinsurance Segment | $5M— | —— | —— | —— | —— | |
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Financial Guaranty | $88M— | —— | —— | —— | $86M— | |
| Other segment items by Business | ||||||
| Annuity Reinsurance Segment | $2M— | —— | —— | —— | —— | |
| Asset Management | $68M— | $0-100% | $4M-55.6% | $9M+125% | $4M— | |
| Financial Guaranty | $31M— | —— | —— | —— | $30M— | |
| Segment equity in earnings (losses) of investees by Business | ||||||
| Annuity Reinsurance Segment | $0— | —— | —— | —— | —— | |
| Asset Management | $6M+200% | $2M— | $0+100% | -$1M-108% | $13M— | |
| Financial Guaranty | $8M— | —— | —— | —— | $30M— | |
| Less: Noncontrolling interest by Business | ||||||
| Annuity Reinsurance Segment | $0— | —— | —— | —— | —— | |
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Financial Guaranty | $0— | —— | —— | —— | $0— | |
| Less: Provision (benefit) for income taxes by Business | ||||||
| Annuity Reinsurance Segment | -$1M— | —— | —— | —— | —— | |
| Asset Management | $12M+1,100% | $1M0.0% | $1M0.0% | $1M-66.7% | $3M— | |
| Financial Guaranty | -$19M— | —— | —— | —— | $37M— | |
| Expenses by Business | ||||||
| Annuity Reinsurance Segment | $11M— | —— | —— | —— | —— | |
| Asset Management | $68M— | $0-100% | $4M-55.6% | $9M+125% | $4M— | |
| Financial Guaranty | $107M— | —— | —— | —— | $64M— | |
| Non-cash compensation and operating expenses by Business | ||||||
| Annuity Reinsurance Segment | $1M— | —— | —— | —— | —— | |
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Financial Guaranty | $21M— | —— | —— | —— | $18M— | |
| Segment loss and loss adjustment expense (LAE) (benefit) by Business | ||||||
| Annuity Reinsurance Segment | $0— | —— | —— | —— | —— | |
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Financial Guaranty | $17M— | —— | —— | —— | -$23M— | |
| Employee compensation and benefit expenses by Business | ||||||
| Annuity Reinsurance Segment | $2M— | —— | —— | —— | —— | |
| Asset Management | $0— | $0— | $0— | $0— | $0— | |
| Financial Guaranty | $54M— | —— | —— | —— | $52M— | |
| Interest accrual by Business | ||||||
| Annuity Reinsurance Segment | $7M— | —— | —— | —— | —— | |
| Asset Management | $0— | —— | —— | —— | $0— | |
| Financial Guaranty | $0— | —— | —— | —— | $0— | |
| Future policy benefits for annuity reinsurance contracts by Product | ||||||
| Annuity Reinsurance | $447M— | —— | —— | —— | —— | |
| Deferred Profit Liability | $28M— | —— | —— | —— | —— | |
| Net by Geography | ||||||
| Non-U.S. public finance | $49.5B-2.2% | $50.6B-1.4% | $51.33B-3.4% | $53.13B+6.0% | $50.11B+1.9% | |
| Puerto Rico | $553M0.0% | $553M0.0% | $553M-13.2% | $637M0.0% | $637M0.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Assured Guaranty break its business down?
- Assured Guaranty (AGO) reports net income (loss) attributable to parent by business across 3 parts — Annuity Reinsurance Segment, Asset Management and Financial Guaranty. Each is extracted from the segment footnotes and tracked over time.
- Where does Assured Guaranty's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Assured Guaranty's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.