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Assured Guaranty vs Mbia: revenue, profit, margins and growth compared

Assured Guaranty brought in $1.1B of revenue in fiscal 2025, Mbia $80M in fiscal 2025. Revenue changed by +27.3% at Assured Guaranty and +90.5% at Mbia on the year before, so Mbia grew faster. Assured Guaranty kept 45.3% of its revenue as net profit, Mbia -221.3%.

Side by side, latest fiscal year

AGOMBI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.1B$80M
Revenue growth+27.3%+90.5%
Net income$503M-$177M
Net margin45.3%-221.3%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$10.26-$3.58
Cash$419M$71M
Debt$1.7Bn/a
Price to earnings6.8n/a
Market value$3.1B$224M
Dividend yield1.96%n/a
Rank by revenue in sector#184 of 444 · Finance#335 of 444 · Finance

Over the years

Revenue
AGO FY2018: $1BAGO FY2019: $963MAGO FY2020: $1.1BAGO FY2021: $848MAGO FY2022: $723MAGO FY2023: $1.4BAGO FY2024: $872MAGO FY2025: $1.1BMBI FY2018: $317MMBI FY2019: $280MMBI FY2020: $282MMBI FY2021: $189MMBI FY2022: $154MMBI FY2023: $7MMBI FY2024: $42MMBI FY2025: $80MFY18FY19FY20FY21FY22FY23FY24FY25
AGO $1.1BMBI $80M
Net income
AGO FY2018: $521MAGO FY2019: $402MAGO FY2020: $362MAGO FY2021: $389MAGO FY2022: $124MAGO FY2023: $739MAGO FY2024: $376MAGO FY2025: $503MMBI FY2018: -$296MMBI FY2019: -$359MMBI FY2020: -$578MMBI FY2021: -$445MMBI FY2022: -$195MMBI FY2023: $477MMBI FY2024: $435MMBI FY2025: -$177MFY18FY19FY20FY21FY22FY23FY24FY25
AGO $503MMBI -$177M
Net margin
AGO FY2018: 52.0%AGO FY2019: 41.7%AGO FY2020: 32.5%AGO FY2021: 45.9%AGO FY2022: 17.2%AGO FY2023: 53.8%AGO FY2024: 43.1%AGO FY2025: 45.3%MBI FY2018: -93.4%MBI FY2019: -128.2%MBI FY2020: -205.0%MBI FY2021: -235.4%MBI FY2022: -126.6%MBI FY2023: 6,814.3%MBI FY2024: 1,035.7%MBI FY2025: -221.3%FY18FY19FY20FY21FY22FY23FY24FY25
AGO 45.3%MBI -221.3%
Revenue growth
AGO FY2019: -3.8%AGO FY2020: +15.8%AGO FY2021: -23.9%AGO FY2022: -14.7%AGO FY2023: +89.9%AGO FY2024: -36.5%AGO FY2025: +27.3%MBI FY2019: -11.7%MBI FY2020: +0.7%MBI FY2021: -33.0%MBI FY2022: -18.5%MBI FY2023: -95.5%MBI FY2024: +500.0%MBI FY2025: +90.5%FY19FY20FY21FY22FY23FY24FY25
AGO +27.3%MBI +90.5%
Free cash flow
MBI FY2018: -$320MMBI FY2019: -$368MMBI FY2020: -$390MMBI FY2021: $510MMBI FY2022: -$418MMBI FY2023: -$195MFY18FY19FY20FY21FY22FY23
AGOMBI -$195M

Fiscal years as each company reports them; the two may end in different months.

Questions about Assured Guaranty and Mbia

Which is bigger by revenue, Assured Guaranty or Mbia?

Assured Guaranty is bigger by revenue: $1.1B in fiscal 2025, against $80M for Mbia in fiscal 2025.

Which keeps more of its revenue as profit, Assured Guaranty or Mbia?

Assured Guaranty had a net margin of 45.3% in fiscal 2025; Mbia had -221.3% in fiscal 2025.

Which grew revenue faster, Assured Guaranty or Mbia?

In their latest fiscal years revenue changed by +27.3% at Assured Guaranty and +90.5% at Mbia.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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