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Assured Guaranty
🇧🇲 NYSE:AGO
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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.

Total Revenue
$85M
Previous year: $82M
+3.7%
EPS
$0.6
Previous year: $0.46
+30.4%
Gross Written Premiums
$95M
Previous year: $65M
+46.2%
Total Capital Returned
$41M
Previous year: $167M
-75.4%
Gross Profit
$286M
Previous year: $36M
+694.4%
Cash and Equivalents
$114M
Previous year: $263M
-56.7%
Total Assets
$16.9B
Previous year: $17B
-0.6%

Assured Guaranty

Assured Guaranty

Assured Guaranty Revenue by Segment

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

Company Overview

Full financial data and analysis

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