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Jun 30, 2023
Assured Guaranty Q2 2023 Earnings Report
Assured Guaranty reported mixed results with a net income of $125 million and adjusted operating income of $36 million for Q2 2023. The company saw strong new business production and strategic advancements in the asset management sector.
Key Takeaways
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.
Net income attributable to Assured Guaranty Ltd. was $125 million, or $2.06 per share for second quarter 2023.
Adjusted operating income was $36 million, or $0.60 per share, for second quarter 2023.
Capital returned to shareholders in second quarter 2023 was $41 million.
Insurance segment adjusted operating income was $106 million for second quarter 2023.
Assured Guaranty
Assured Guaranty
Assured Guaranty Revenue by Segment
Revenue by Segment
Insurance Revenue
CapyFin.comAsset Management Revenue
CapyFin.com Forward Guidance
No explicit forward guidance was provided in the current report. The report focuses on the results of the second quarter of 2023 and recent strategic transactions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income