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Side-by-side financial comparison of ASSURED GUARANTY LTD (AGO) and RLI CORP (RLI). Click either name above to swap in a different company.
RLI CORP is the larger business by last-quarter revenue ($465.7M vs $277.0M, roughly 1.7× ASSURED GUARANTY LTD). ASSURED GUARANTY LTD runs the higher net margin — 43.0% vs 19.6%, a 23.4% gap on every dollar of revenue. On growth, ASSURED GUARANTY LTD posted the faster year-over-year revenue change (77.6% vs 6.1%). Over the past eight quarters, ASSURED GUARANTY LTD's revenue compounded faster (6.3% CAGR vs 2.3%).
Assured Investment Management (AIM) was an institutional asset management firm with a heritage in credit strategies, managing approximately $15.2 billion as of its defunct status in July 2023. Secondaries Investors referred to AIM as "one of the world's most prominent hedge funds".
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
AGO vs RLI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $277.0M | $465.7M |
| Net Profit | $119.0M | $91.2M |
| Gross Margin | — | — |
| Operating Margin | 59.6% | 24.4% |
| Net Margin | 43.0% | 19.6% |
| Revenue YoY | 77.6% | 6.1% |
| Net Profit YoY | 561.1% | 123.1% |
| EPS (diluted) | $2.56 | $1.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $277.0M | $465.7M | ||
| Q3 25 | $207.0M | $509.3M | ||
| Q2 25 | $281.0M | $499.8M | ||
| Q1 25 | $345.0M | $407.7M | ||
| Q4 24 | $156.0M | $439.1M | ||
| Q3 24 | $269.0M | $470.0M | ||
| Q2 24 | $202.0M | $416.4M | ||
| Q1 24 | $245.0M | $444.8M |
| Q4 25 | $119.0M | $91.2M | ||
| Q3 25 | $105.0M | $124.6M | ||
| Q2 25 | $103.0M | $124.3M | ||
| Q1 25 | $176.0M | $63.2M | ||
| Q4 24 | $18.0M | $40.9M | ||
| Q3 24 | $171.0M | $95.0M | ||
| Q2 24 | $78.0M | $82.0M | ||
| Q1 24 | $109.0M | $127.9M |
| Q4 25 | 59.6% | 24.4% | ||
| Q3 25 | 65.2% | 30.9% | ||
| Q2 25 | 47.3% | 31.3% | ||
| Q1 25 | 66.4% | 19.3% | ||
| Q4 24 | 19.2% | 10.8% | ||
| Q3 24 | 81.8% | 24.9% | ||
| Q2 24 | 46.5% | 24.8% | ||
| Q1 24 | 58.8% | 36.0% |
| Q4 25 | 43.0% | 19.6% | ||
| Q3 25 | 50.7% | 24.5% | ||
| Q2 25 | 36.7% | 24.9% | ||
| Q1 25 | 51.0% | 15.5% | ||
| Q4 24 | 11.5% | 9.3% | ||
| Q3 24 | 63.6% | 20.2% | ||
| Q2 24 | 38.6% | 19.7% | ||
| Q1 24 | 44.5% | 28.8% |
| Q4 25 | $2.56 | $1.00 | ||
| Q3 25 | $2.18 | $1.35 | ||
| Q2 25 | $2.08 | $1.34 | ||
| Q1 25 | $3.44 | $0.68 | ||
| Q4 24 | $0.40 | $-2.87 | ||
| Q3 24 | $3.17 | $2.06 | ||
| Q2 24 | $1.41 | $1.78 | ||
| Q1 24 | $1.89 | $2.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $903.0M | — |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $5.7B | $1.8B |
| Total Assets | $12.2B | $6.2B |
| Debt / EquityLower = less leverage | 0.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $903.0M | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $939.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $100.0M | ||
| Q2 25 | $1.7B | $100.0M | ||
| Q1 25 | $1.7B | $100.0M | ||
| Q4 24 | $1.7B | $100.0M | ||
| Q3 24 | $1.7B | $100.0M | ||
| Q2 24 | $1.7B | $100.0M | ||
| Q1 24 | $1.7B | $100.0M |
| Q4 25 | $5.7B | $1.8B | ||
| Q3 25 | $5.7B | $1.9B | ||
| Q2 25 | $5.6B | $1.7B | ||
| Q1 25 | $5.6B | $1.6B | ||
| Q4 24 | $5.5B | $1.5B | ||
| Q3 24 | $5.7B | $1.7B | ||
| Q2 24 | $5.5B | $1.6B | ||
| Q1 24 | $5.6B | $1.5B |
| Q4 25 | $12.2B | $6.2B | ||
| Q3 25 | $12.1B | $6.2B | ||
| Q2 25 | $12.1B | $6.0B | ||
| Q1 25 | $11.9B | $5.7B | ||
| Q4 24 | $11.9B | $5.6B | ||
| Q3 24 | $12.3B | $5.8B | ||
| Q2 24 | $12.1B | $5.5B | ||
| Q1 24 | $12.2B | $5.3B |
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.30× | 0.05× | ||
| Q2 25 | 0.30× | 0.06× | ||
| Q1 25 | 0.30× | 0.06× | ||
| Q4 24 | 0.31× | 0.07× | ||
| Q3 24 | 0.30× | 0.06× | ||
| Q2 24 | 0.31× | 0.06× | ||
| Q1 24 | 0.30× | 0.07× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $259.0M | $156.8M |
| Free Cash FlowOCF − Capex | — | $155.0M |
| FCF MarginFCF / Revenue | — | 33.3% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 2.18× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $259.0M | $156.8M | ||
| Q3 25 | $55.0M | $179.2M | ||
| Q2 25 | $78.0M | $174.7M | ||
| Q1 25 | $87.0M | $103.5M | ||
| Q4 24 | $47.0M | $128.1M | ||
| Q3 24 | $17.0M | $219.4M | ||
| Q2 24 | $58.0M | $141.8M | ||
| Q1 24 | $-74.0M | $70.9M |
| Q4 25 | — | $155.0M | ||
| Q3 25 | — | $177.8M | ||
| Q2 25 | — | $173.4M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | — | $127.6M | ||
| Q3 24 | — | $219.0M | ||
| Q2 24 | — | $139.1M | ||
| Q1 24 | — | $69.9M |
| Q4 25 | — | 33.3% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | — | 34.7% | ||
| Q1 25 | — | 25.1% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 46.6% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 15.7% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 2.18× | 1.72× | ||
| Q3 25 | 0.52× | 1.44× | ||
| Q2 25 | 0.76× | 1.41× | ||
| Q1 25 | 0.49× | 1.64× | ||
| Q4 24 | 2.61× | 3.13× | ||
| Q3 24 | 0.10× | 2.31× | ||
| Q2 24 | 0.74× | 1.73× | ||
| Q1 24 | -0.68× | 0.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGO
| Insurance Segment | $226.0M | 82% |
| Other | $37.0M | 13% |
| Gain Loss On Investments Member1 | $8.0M | 3% |
| Non Credit Impairment Related Unrealized Fair Value Gains Losses On Credit Derivatives | $6.0M | 2% |
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
