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Mar 31, 2023
Assured Guaranty Q1 2023 Earnings Report
Assured Guaranty's diversified financial guaranty strategy led to impressive new business production.
Key Takeaways
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.
Net income attributable to Assured Guaranty Ltd. was $81 million, or $1.34 per share, for first quarter 2023.
Adjusted operating income was $68 million, or $1.12 per share, for first quarter 2023.
Gross written premium of $86 million was 23% higher than in the first quarter of 2022.
Closed $112 million of PVP in the quarter, up 62% from first quarter 2022.
Assured Guaranty
Assured Guaranty
Assured Guaranty Revenue by Segment
Revenue by Segment
Insurance Revenue
CapyFin.comAsset Management Revenue
CapyFin.com Forward Guidance
On April 5, 2023, Assured Guaranty entered into a transaction agreement (Transaction Agreement) pursuant to which it agreed to contribute to Sound Point Capital Management, LP (Sound Point) most of its asset management business
Revenue & Expenses
Visualization of income flow from segment revenue to net income