Assured Guaranty (AGO) revenue breakdown

Financial Services · Insurance - Specialty · Market cap $3.1B

By segment, Insurance is the largest at 92% of fiscal 2023 revenue; Asset Management grew fastest, 36% a year over 4 years.

By product, Asset Management Fees, CLO's is the largest at 40% of fiscal 2023 revenue; Performance fees grew fastest, 46% a year over 4 years.

Revenue by segment

Fiscal years, as Assured Guaranty reports them in its 10-K filings; fiscal 2023 total $931M.

Segments20192020202120222023Share
Insurance$917M$874M$724M$748M$855M 92%
Asset Management$22M$66M$73M$78M$76M 8%

Revenue by product

Fiscal years, as Assured Guaranty reports them in its 10-K filings; fiscal 2023 total $53M.

Products20192020202120222023Share
Asset Management Fees, CLO's——$65M$53M$21M 40%
Performance fees$4M—$1M$19M$18M 34%
Reimbursable fund expenses—$35M$22M$21M$14M 26%
Wind-down funds$13M$25M——— —
Collateralized Loan Obligation Service$3M$21M——— —
Opportunity funds and liquid strategies$2M$8M——— —
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Questions

Where does Assured Guaranty make its money?

In fiscal 2023, by segment: Insurance $855M, Asset Management $76M.

From Assured Guaranty's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.