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Jun 30, 2024

Assured Guaranty Q2 2024 Earnings Report

Announced financial results for the three-month period ended June 30, 2024.

Key Takeaways

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.

Net income attributable to Assured Guaranty Ltd. was $78 million, or $1.41 per share for second quarter 2024.

Gross written premiums were $132 million for second quarter 2024.

Adjusted operating income was $80 million, or $1.44 per share, for second quarter 2024.

Second quarter 2024 capital returned to shareholders was $169 million including share repurchases of $152 million and dividends of $17 million.

Total Revenue
$185M
Previous year: $85M
+117.6%
EPS
$1.44
Previous year: $0.6
+140.0%
Gross Written Premiums
$132M
Previous year: $95M
+38.9%
Total Capital Returned
$169M
Previous year: $41M
+312.2%
Gross Profit
$149M
Previous year: $286M
-47.9%
Cash and Equivalents
$109M
Previous year: $114M
-4.4%
Total Assets
$12.1B
Previous year: $16.9B
-28.3%

Assured Guaranty

Assured Guaranty

Assured Guaranty Revenue by Segment

Forward Guidance

The company has laid the foundation for an exceptional year in new business production.