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Sep 30, 2021
Assured Guaranty Q3 2021 Earnings Report
Assured Guaranty reported mixed results due to a loss on debt extinguishment, but shareholder equity per share reached a record high.
Key Takeaways
Assured Guaranty's Q3 2021 results were impacted by a $175 million pre-tax loss on debt extinguishment. Despite this, shareholders' equity per share reached a record high. The trend toward bond insurance continued, with Assured Guaranty leading the municipal bond insurance industry.
Net income attributable to Assured Guaranty Ltd. was $17 million, or $0.22 per share.
Adjusted operating income was $34 million, or $0.45 per share.
Capital returned to shareholders was $156 million, including the repurchase of 2.9 million shares for $140 million, and dividends of $16 million.
Insurance segment adjusted operating income was $214 million.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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