Assured Guaranty Earnings Reports

Assured Guaranty reported Q4 2024 net income of $18 million, or $0.35 per share, a sharp decline from Q4 2023. Adjusted operating income was $66 million, or $1.27 per share. The company saw lower net investment income and higher loss expenses, affecting profitability. Gross written premiums were $186 million for the quarter.

Assured Guaranty Ltd. reported strong financial results for the third quarter of 2024, with a net income of $171 million, or $3.17 per share, and adjusted operating income of $130 million, or $2.42 per share. The company continued to build shareholder and policyholder value, with record shareholders’ equity per share and adjusted book value per share. Capital returned to shareholders totaled $147 million, and the share repurchase authorization was increased by $250 million.

Assured Guaranty Ltd. reported a net income attributable to Assured Guaranty Ltd. of $78 million, or $1.41 per share, for second quarter 2024. The company's adjusted operating income was $80 million, or $1.44 per share, for the same period. Capital returned to shareholders in the second quarter was $169 million, including share repurchases of $152 million and dividends of $17 million.

Assured Guaranty's first quarter 2024 results showed a 35% year-over-year increase in net income and a 66% increase in adjusted operating income. Shareholders' equity per share, adjusted operating shareholders' equity per share, and adjusted book value per share all reached record levels. New business written produced $61 million of GWP and $63 million of PVP.

Assured Guaranty reported a strong fourth quarter and full year for 2023, with key per-share measures reaching record highs. GAAP net income was $376 million, or $6.40 per share, and adjusted operating income was $338 million, or $5.75 per share. The company returned $126 million of capital to shareholders during the quarter.

Assured Guaranty reported a GAAP net income attributable to Assured Guaranty Ltd. of $157 million, or $2.60 per share, for the third quarter of 2023. Adjusted operating income was $206 million, or $3.42 per share, for the same period. The company completed transactions with Sound Point Capital Management and AHP, resulting in a $241 million pre-tax gain.

Assured Guaranty Ltd. reported a net income of $125 million, or $2.06 per share, for the second quarter of 2023. Adjusted operating income was $36 million, or $0.60 per share. The company returned $41 million of capital to shareholders, including $24 million in share repurchases and $17 million in dividends. New business production remained strong and diversified.

Assured Guaranty reported a net income attributable to Assured Guaranty Ltd. of $81 million, or $1.34 per share, for the first quarter of 2023. Adjusted operating income was $68 million, or $1.12 per share, for the same period. Gross written premiums were $86 million, a 23% increase from the first quarter of 2022.

Assured Guaranty reported a net income of $11 million, or $0.18 per share, for Q3 2022. Adjusted operating income was $133 million, or $2.11 per share. New business production remained strong, with $94 million in gross written premiums and $95 million in PVP.

Assured Guaranty Ltd. reported a net loss of $47 million, or $0.74 per share, for the second quarter of 2022. However, the company achieved record highs in adjusted operating shareholders’ equity and adjusted book value per share. New business production in the insurance segment remained strong.

Assured Guaranty reported a net income of $66 million, or $0.98 per share, for the first quarter of 2022. The company's adjusted operating income was $90 million, or $1.34 per share. The company also returned $172 million of capital to shareholders through share repurchases and dividends.

Assured Guaranty reported strong Q4 2021 results, driven by its diversified insurance strategy and effective loss mitigation efforts. Net income attributable to Assured Guaranty Ltd. was $263 million, or $3.74 per share, while adjusted operating income was $273 million, or $3.88 per share. The company also returned $207 million of capital to shareholders during the quarter.

Assured Guaranty's Q3 2021 results were impacted by a $175 million pre-tax loss on debt extinguishment. Despite this, shareholders' equity per share reached a record high. The trend toward bond insurance continued, with Assured Guaranty leading the municipal bond insurance industry.

Assured Guaranty Ltd. reported a net income of $98 million, or $1.29 per share, for Q2 2021. Key measures of shareholder value reached all-time highs, and insurance production remained strong. However, the asset management segment experienced an adjusted operating loss.

Assured Guaranty Ltd. reported a net income of $11 million, or $0.14 per share, for the first quarter of 2021. Adjusted operating income was $43 million, or $0.55 per share. New business production generated $86 million of PVP, driven by strong U.S. public finance production.

Assured Guaranty Ltd. reported a net income attributable to Assured Guaranty Ltd. of $148 million, or $1.82 per share, for the fourth quarter of 2020. Adjusted operating income was $56 million, or $0.69 per share, for the same period. Capital returned to shareholders in the fourth quarter of 2020 was $142 million.

Assured Guaranty Ltd. reported a net income of $86 million, or $1.02 per share, for the third quarter of 2020. Adjusted operating income was $48 million, or $0.58 per share. The company achieved its best direct new business production in over a decade.

Assured Guaranty Ltd. reported a net income of $183 million, or $2.10 per share, for the second quarter of 2020. The company achieved its strongest second-quarter result for direct new insurance business production since the acquisition of AGM in July 2009. Total capital returned to shareholders was $181 million, including share repurchases of $164 million.

Assured Guaranty Ltd. reported a net loss of $55 million, or $0.59 per share, for the first quarter of 2020. Adjusted operating income was $33 million, or $0.36 per share. Total capital returned to shareholders was $136 million, including share repurchases of $116 million.

Assured Guaranty Ltd. reported a net income of $137 million for Q4 2019, with adjusted operating income at $87 million. The company saw strong performance in its Insurance segment but faced challenges in the Asset Management segment due to restructuring charges.