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Assured Guaranty AGO Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Net Income (Loss) Attributable to Parent by Business
Asset Management$52M+225%$20M+300%$19M+72.7%$20M+186%$16M+220%
Revenue by Business
Asset Management$141M+840%$29M+190%$29M+93.3%$23M+76.9%$15M-58.3%
Segment adjusted operating income (loss) by Business
Asset Management$52M+225%$20M+300%$19M+72.7%$20M+186%$16M+220%
Net investment income by Business
Asset Management$0$0$0$0$0
Other segment items by Business
Asset Management$81M+710%$17M+183%$17M+58.1%$15M+11.1%$10M-29.8%
Segment equity in earnings (losses) of investees by Business
Asset Management$7M-50.0%$14M+600%$12M+71.4%$16M+433%$14M+133%
Less: Noncontrolling interest by Business
Asset Management$0$0$0$0$0
Less: Provision (benefit) for income taxes by Business
Asset Management$15M+400%$6M+500%$5M+150%$4M+100%$3M+200%
Expenses by Business
Asset Management$81M+710%$17M+183%$17M+88.9%$15M+114%$10M-72.2%
Non-cash compensation and operating expenses by Business
Asset Management$0$0$0-100%$0-100%$0-100%
Segment loss and loss adjustment expense (LAE) (benefit) by Business
Asset Management$0$0$0$0$0
Employee compensation and benefit expenses by Business
Asset Management$0$0$0-100%$0-100%$0-100%
Net by Geography
Non-U.S. public finance$204.56B+1.8%$205.17B+3.0%$203.77B+2.4%$204.53B+6.2%$200.98B+5.4%
Puerto Rico$2.3B-25.6%$2.38B-30.2%$2.46B-36.5%$2.76B-33.2%$3.09B-31.7%

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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.