Assured Guaranty Q2 2020 Earnings Report
Key Takeaways
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.
Net income attributable to Assured Guaranty Ltd. was $183 million, or $2.10 per share for second quarter 2020.
Shareholders’ equity attributable to Assured Guaranty Ltd. per share reached a new record of $76.66 as of June 30, 2020.
Adjusted operating income was $119 million, or $1.36 per share, for second quarter 2020.
Total capital returned to shareholders was $181 million, including share repurchases of $164 million in second quarter 2020.
Assured Guaranty
Assured Guaranty
Assured Guaranty Revenue by Segment
Forward Guidance
Company is well positioned to withstand the potential financial stress that could result from the pandemic, based on our low insured leverage, granular and diversified insured portfolio, strong liquidity position and significant excess capital.
Revenue & Expenses
Visualization of income flow from segment revenue to net income