other material
confidence high
sentiment positive
materiality 0.50
Assured Guaranty Re Ltd. reports 2023 net income of $283.5M, up from $51.8M in 2022
ASSURED GUARANTY LTD
- Net income $283.5M vs $51.8M in 2022, driven by higher investment income and fair value gains.
- Total revenues $192.1M, up 93% from $99.7M, with net investment income rising to $54.0M.
- Shareholder's equity increased to $1.09B from $837.7M, including $53.4M in dividends paid.
- Loss and loss adjustment expenses were $50.8M vs $2.99M in 2022, reflecting higher claims activity.