earnings
confidence high
sentiment positive
materiality 0.75
Assured Guaranty Q1 net income $109M ($1.89/sh), adjusted op income $113M, record book values
ASSURED GUARANTY LTD
2024-Q1 EPS reported
$1.89
revenue$245,000,000
- Net income $109M ($1.89/sh), up 35% YoY; adjusted operating income $113M ($1.96/sh), up 66% YoY.
- Record shareholders' equity per share $102.19, adjusted operating equity per share $107.69, adjusted book value per share $157.31.
- Returned $148M to shareholders in Q1: $129M share repurchases (2.7% of shares) and $19M dividends; buyback authorization increased by $300M on May 2.
- New business production: GWP $61M, PVP $63M; U.S. public finance municipal premiums doubled YoY on large transportation revenue issuances.
- CEO notes share price up ~385% since 2004 IPO, outperforming major indices.