Assured Guaranty vs Palomar Holdings
Assured Guaranty is the larger business, with $1.11bn of revenue in fiscal 2025 against $876m for Palomar Holdings (1.3 times as much). Palomar Holdings grew faster (58.2% against 27.3%). Assured Guaranty kept more of each dollar of sales as profit: a net margin of 45.3% against 22.5%. Palomar Holdings carries less debt relative to equity (0.0% against 30.8%).
| Latest fiscal year | Assured GuarantyAGO, 2025 | Palomar HoldingsPLMR, 2025 |
|---|---|---|
| Revenue | $1.11bn | $876m |
| Revenue growth | 27.3% | 58.2% |
| Net income | $503m | $197m |
| Operating margin | — | — |
| Net margin | 45.3% | 22.5% |
| Return on equity | 9.0% | 23.6% |
| Free cash flow | — | $409m |
| Cash | $419m | $107m |
| Total debt | $1.75bn | $0 |
| Debt to equity | 30.8% | 0.0% |
| Dividend per share | $1.36 | — |
| Dividend yield | — | — |
| Share buybacks | $500m | $37.3m |
| Employees | 367 | 439 |
| Market value | $3.14bn | $3.74bn |
| Price vs our value range | — | — |
| Moat score | 87 (Strong) | 60 (Moderate) |
| Insider trades, 12 months | 2 buys, 14 sales | 1 buys, 95 sales |