earnings
confidence high
sentiment positive
materiality 0.65
Assured Guaranty Q2 net income $39M ($0.88/sh); adjusted operating income $55M ($1.23/sh)
ASSURED GUARANTY LTD
- Net income $39M ($0.88 diluted EPS); adjusted operating income $55M ($1.23 diluted EPS).
- Gross written premiums $81M; PVP $79M; first-half GWP and PVP up 26% and 48% YoY.
- Shareholders' equity per share $126.18; adjusted book value per share $189.72, both record highs.
- Returned $62M to shareholders in Q2: $45M share repurchases, $17M dividends.
- CEO cites solid new business production in U.S. public finance and global structured finance.