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Dec 31, 2024
Assured Guaranty Q4 2024 Earnings Report
Assured Guaranty reported a decline in net income for Q4 2024, influenced by foreign exchange losses and lower investment gains. Adjusted operating income also fell compared to the prior year.
Key Takeaways
Assured Guaranty reported Q4 2024 net income of $18 million, or $0.35 per share, a sharp decline from Q4 2023. Adjusted operating income was $66 million, or $1.27 per share. The company saw lower net investment income and higher loss expenses, affecting profitability. Gross written premiums were $186 million for the quarter.
Net income declined to $18 million due to foreign exchange losses and lower fair value gains.
Adjusted operating income was $66 million, compared to $338 million in Q4 2023.
Gross written premiums increased to $186 million, driven by non-U.S. public finance.
Capital returned to shareholders totaled $107 million, including $91 million in share repurchases.
Assured Guaranty
Assured Guaranty
Assured Guaranty Revenue by Segment
Revenue by Segment
Insurance Revenue
CapyFin.com Forward Guidance
Assured Guaranty expects continued volatility due to macroeconomic conditions but remains focused on disciplined capital allocation and market penetration.
Positive Outlook
- Strong demand in U.S. public finance market.
- Shareholder returns through buybacks and dividends remain a priority.
- Growing presence in non-U.S. public finance and structured finance.
- Operational discipline and expense management.
- Consistent performance in core insurance business.
Challenges Ahead
- Foreign exchange volatility impacting earnings.
- Declining fair value gains on trading securities.
- Higher loss expenses due to economic developments.
- Weaker investment income compared to prior year.
- Competitive pressures in structured finance sector.