NYSE$AGO

Assured Guaranty Ltd. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Assured Guaranty's June 30 shareholders’ equity per share was impacted by unrealized losses, the highest per-share levels of adjusted operating shareholders’ equity and adjusted book value were achieved, and new business production in insurance segment remained strong.

Assured Guaranty Ltd. reported a net loss of $47 million, or $0.74 per share, for the second quarter of 2022. However, the company achieved record highs in adjusted operating shareholders’ equity and adjusted book value per share. New business production in the insurance segment remained strong.

  • Net loss attributable to Assured Guaranty Ltd. was $47 million, or $0.74 per share, for second quarter 2022.
  • Adjusted operating income was $30 million, or $0.46 per share, for second quarter 2022.
  • Second quarter 2022 capital returned to shareholders was $167 million, including the repurchase of 2.6 million shares for $151 million, and dividends of $16 million.
  • Gross written premiums were $65 million for second quarter 2022.

Headline financials

Total Revenue

$90M

Previous: $196M-54.1%
EPS (adj)

$0.46

Previous: $1.59-71.1%
Gross written premiums

$65M

Previous: $84M-22.6%
Capital returned

$167M

Previous: $105M+59.0%
Free Cash Flow

-$47M

Previous: $98M-148.0%
Net Income

-$47M

Previous: $98M-148.0%
Operating Income

$41M

Previous: $144M-71.5%
Gross Profit

$82M

Previous: $184M-55.4%
Cash & Equivalents

$138M

Previous: $144M-4.2%
Total Assets

$17B

Previous: $17.2B-1.5%

Revenue & EPS history

Assured Guaranty · Revenue · Quarterly

$90M

Q2 2022-54.1%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Assured Guaranty · $167M total across 2 segments · Q2 2022

  • Insurance segment
    $139M-23.6%
  • Asset management AOI
    $28M+33.3%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

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 Q2 2022

Historical avgQ2 2022

+0.6%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.4%

Avg return

30 days after

53%

36 / 68 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
Q1 2026-9.0%-8.9%
Q4 2025-0.6%-2.7%+2.3%
Q3 2025+6.6%+7.4%+8.7%
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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