earnings
confidence high
sentiment positive
materiality 0.65
Assured Guaranty Q1 2023 net income $81M, EPS $1.34; gross written premiums up 23% YoY
ASSURED GUARANTY LTD
2023-Q1 EPS reported
$1.34
revenue$283,000,000
- GAAP net income $81M ($1.34 diluted EPS); adjusted operating income $68M ($1.12 per share).
- Gross written premiums $86M, up 23% YoY; present value new business production $112M, up 62% YoY.
- Insurance segment adjusted operating income $117M; Asset Management segment loss $1M.
- CEO says best first quarter in over a decade and notes April 5 agreement with Sound Point Capital Management.