Assured Guaranty vs Lemonade
Assured Guaranty is the larger business, with $1.11bn of revenue in fiscal 2025 against $738m for Lemonade (1.5 times as much). Lemonade grew faster (40.2% against 27.3%). Assured Guaranty kept more of each dollar of sales as profit: a net margin of 45.3% against -22.4%. Lemonade carries less debt relative to equity (0.0% against 30.8%).
| Latest fiscal year | Assured GuarantyAGO, 2025 | LemonadeLMND, 2025 |
|---|---|---|
| Revenue | $1.11bn | $738m |
| Revenue growth | 27.3% | 40.2% |
| Net income | $503m | −$166m |
| Operating margin | — | — |
| Net margin | 45.3% | -22.4% |
| Return on equity | 9.0% | -29.4% |
| Free cash flow | — | −$25.9m |
| Cash | $419m | $385m |
| Total debt | $1.75bn | $0 |
| Debt to equity | 30.8% | 0.0% |
| Dividend per share | $1.36 | — |
| Dividend yield | — | — |
| Share buybacks | $500m | — |
| Employees | 367 | 1,282 |
| Market value | $3.14bn | $3.19bn |
| Price vs our value range | — | — |
| Moat score | 87 (Strong) | — |
| Insider trades, 12 months | 2 buys, 14 sales | 2 buys, 37 sales |