NYSE$AGO

Assured Guaranty Ltd. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Assured Guaranty reported strong first quarter results driven by Puerto Rico settlements and solid performance in the insurance segment.

Assured Guaranty reported a net income of $66 million, or $0.98 per share, for the first quarter of 2022. The company's adjusted operating income was $90 million, or $1.34 per share. The company also returned $172 million of capital to shareholders through share repurchases and dividends.

  • Reduced Puerto Rico net par outstanding by $1.3 billion, a 37% reduction.
  • Benefit to insurance segment adjusted operating income associated with the exposures covered by the Puerto Rico settlements was $63 million in first quarter 2022.
  • Adjusted operating income was $90 million, or $1.34 per share, for first quarter 2022.
  • First quarter 2022 capital returned to shareholders was $172 million, including the repurchase of 2.7 million shares for $155 million, and dividends of $17 million.

Headline financials

Total Revenue

$300M

Previous: $177M+69.5%
EPS (adj)

$1.34

Previous: $0.55+143.6%
Gross written premiums

$70M

Previous: $87M-19.5%
Capital returned

$172M

Previous: $95M+81.1%
Free Cash Flow

$66M

Previous: $11M+500.0%
Net Income

$66M

Previous: $11M+500.0%
Operating Income

$197M

Previous: $87M+126.4%
Gross Profit

$239M

Previous: $144M+66.0%
Cash & Equivalents

$119M

Previous: $95M+25.3%
Total Assets

$17.8B

Previous: $16B+11.4%

Revenue & EPS history

Assured Guaranty · Revenue · Quarterly

$300M

Q1 2022+69.5%vs Q1 2021
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Assured Guaranty · $317M total across 2 segments · Q1 2022

  • Insurance segment
    $278M+55.3%
  • Asset management AOI
    $39M+95.0%

Forward guidance

Any forward-looking statements made in this press release reflect the Company’s current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.6%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.1%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+12.3%

Q4 2021

Best reaction

-14.0%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-0.6%-0.2%
Q1 2026-8.9%-8.9%-8.4%
Q3 2025+6.6%+7.4%+8.7%
Q2 2025+0.0%+0.8%+0.0%
Q1 2025-1.3%-2.4%-3.4%
Q4 2024-5.3%-13.1%+2.4%
Q3 2024+4.4%+4.0%+3.0%
Q2 2024-3.3%-3.1%+1.2%
Q1 2024+3.9%+0.3%-1.8%
Q4 2023+10.9%+7.1%+1.8%
Q3 2023+0.7%-0.4%+4.4%
Q2 2023-3.1%-4.1%-4.9%
Q1 2023-0.3%-0.5%+1.9%
Q4 2022-5.8%+4.6%+2.3%
Q3 2022+1.5%+2.5%+7.8%
Q2 2022-14.0%-11.4%-11.2%
Q1 2022-2.3%-6.1%-2.3%
Q4 2021+12.3%-0.9%-15.1%
Q3 2021-1.8%-3.7%-15.6%
Q2 2021+2.5%+3.6%+0.0%
Q1 2021-5.3%-9.2%-7.8%
Q4 2020+0.5%-0.0%+0.7%
Q3 2020+0.8%+16.5%+17.7%
Q2 2020+10.2%+10.1%-0.7%
Q1 2020+2.0%-8.3%+3.9%
Q4 2019-5.3%+27.6%+50.2%
Q3 2019-0.3%-0.1%+2.3%
Q2 2019+6.3%+5.2%+1.5%
Q1 2019-3.5%-7.7%-7.4%
Q4 2018+5.5%+5.8%+7.5%
Q3 2018+0.6%-2.3%-5.0%
Q2 2018-0.4%+1.3%+4.7%
Q1 2018+1.6%-1.6%+1.1%
Q4 2017-3.3%-8.5%-7.9%
Q3 2017+0.2%-2.6%-2.7%
Q2 2017-0.5%-2.0%-5.8%
Q1 2017+3.3%+3.5%+4.1%
Q4 2016+2.3%-0.7%-11.0%
Q3 2016+7.2%+10.0%+23.2%
Q2 2016+2.7%+4.2%+4.3%
Q1 2016+2.0%
Q4 2015+1.7%
Q3 2015+5.3%
Q2 2015+3.5%
Q1 2015+4.8%
Q4 2014-1.1%
Q3 2014+5.0%
Q2 2014+2.9%
Q1 2014+8.9%
Q4 2013+2.0%
Q3 2013+7.5%
Q2 2013+4.0%
Q1 2013+3.8%
Q4 2012+1.9%
Q3 2012+1.4%
Q2 2012+11.5%
Q1 2012-0.4%
Q2 2009-0.6%
Q4 2011-0.6%
Q3 2011-10.8%
Q2 2011-4.1%
Q1 2010-4.5%
Q1 2011-0.8%
Q4 2009-4.4%
Q4 2008-4.4%
Q4 2010-4.4%
Q3 2009-3.5%
Q3 2010-3.5%
Q2 2010-2.3%

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