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Sep 30, 2020

Assured Guaranty Q3 2020 Earnings Report

Assured Guaranty reported mixed results with a net income increase but a decrease in adjusted operating income for Q3 2020.

Key Takeaways

Assured Guaranty Ltd. reported a net income of $86 million, or $1.02 per share, for the third quarter of 2020. Adjusted operating income was $48 million, or $0.58 per share. The company achieved its best direct new business production in over a decade.

Net income attributable to Assured Guaranty Ltd. was $86 million, or $1.02 per share, for third quarter 2020.

Adjusted operating income was $48 million, or $0.58 per share, for third quarter 2020.

Capital returned to shareholders was $56 million, including share repurchases of $40 million in third quarter 2020.

Gross written premiums were $121 million for third quarter 2020.

Total Revenue
$107M
Previous year: $123M
-13.0%
EPS
$0.58
Previous year: $0.79
-26.6%
Gross Written Premiums
$121M
Total Capital Returned
$56M
Gross Profit
$209M
Previous year: $137M
+52.6%
Cash and Equivalents
$406M
Previous year: $229M
+77.3%
Total Assets
$14.7B
Previous year: $13.4B
+9.9%

Assured Guaranty

Assured Guaranty

Assured Guaranty Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the document.

Revenue & Expenses

Visualization of income flow from segment revenue to net income