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Assured Guaranty vs Mgic Investment: revenue, profit, margins and growth compared

Assured Guaranty brought in $1.1B of revenue in fiscal 2025, Mgic Investment $1.2B in fiscal 2025. Revenue changed by +27.3% at Assured Guaranty and +0.5% at Mgic Investment on the year before, so Assured Guaranty grew faster. Assured Guaranty kept 45.3% of its revenue as net profit, Mgic Investment 60.8%.

Side by side, latest fiscal year

AGOMTG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.1B$1.2B
Revenue growth+27.3%+0.5%
Net income$503M$738.3M
Net margin45.3%60.8%
Free cash flown/a$851.8M
Free cash flow marginn/a70.2%
Earnings per share (diluted)$10.26$3.14
Cash$419M$369M
Debt$1.7Bn/a
Price to earnings6.89.1
Market value$3.1B$5.8B
Dividend yield1.96%n/a
Rank by revenue in sector#184 of 444 · Finance#177 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: $1.1BMTG FY2018: $1.1BMTG FY2019: $1.2BMTG FY2020: $1.2BMTG FY2021: $1.2BMTG FY2022: $1.2BMTG FY2023: $1.2BMTG FY2024: $1.2BMTG FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
AGO $1.1BMTG $1.2B
Net income
AGO FY2018: $521MAGO FY2019: $402MAGO FY2020: $362MAGO FY2021: $389MAGO FY2022: $124MAGO FY2023: $739MAGO FY2024: $376MAGO FY2025: $503MMTG FY2018: $670.1MMTG FY2019: $673.8MMTG FY2020: $446.1MMTG FY2021: $635MMTG FY2022: $865.3MMTG FY2023: $712.9MMTG FY2024: $763MMTG FY2025: $738.3MFY18FY19FY20FY21FY22FY23FY24FY25
AGO $503MMTG $738.3M
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%MTG FY2018: 59.6%MTG FY2019: 55.5%MTG FY2020: 37.2%MTG FY2021: 53.6%MTG FY2022: 73.8%MTG FY2023: 61.7%MTG FY2024: 63.2%MTG FY2025: 60.8%FY18FY19FY20FY21FY22FY23FY24FY25
AGO 45.3%MTG 60.8%
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%MTG FY2019: +8.0%MTG FY2020: -1.2%MTG FY2021: -1.1%MTG FY2022: -1.1%MTG FY2023: -1.5%MTG FY2024: +4.6%MTG FY2025: +0.5%FY19FY20FY21FY22FY23FY24FY25
AGO +27.3%MTG +0.5%
Free cash flow
MTG FY2018: $530.3MMTG FY2019: $603.9MMTG FY2020: $729MMTG FY2021: $692.2MMTG FY2022: $646.8MMTG FY2023: $711MMTG FY2024: $723.9MMTG FY2025: $851.8MFY18FY19FY20FY21FY22FY23FY24FY25
AGOMTG $851.8M

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

Questions about Assured Guaranty and Mgic Investment

Which is bigger by revenue, Assured Guaranty or Mgic Investment?

Mgic Investment is bigger by revenue: $1.2B in fiscal 2025, against $1.1B for Assured Guaranty in fiscal 2025.

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

Assured Guaranty had a net margin of 45.3% in fiscal 2025; Mgic Investment had 60.8% in fiscal 2025.

Which grew revenue faster, Assured Guaranty or Mgic Investment?

In their latest fiscal years revenue changed by +27.3% at Assured Guaranty and +0.5% at Mgic Investment.

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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