NYSE$AGO

Assured Guaranty Ltd. · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Announced financial results for the three-month period ended June 30, 2024.

Assured Guaranty Ltd. reported a net income attributable to Assured Guaranty Ltd. of $78 million, or $1.41 per share, for second quarter 2024. The company's adjusted operating income was $80 million, or $1.44 per share, for the same period. Capital returned to shareholders in the second quarter was $169 million, including share repurchases of $152 million and dividends of $17 million.

  • Net income attributable to Assured Guaranty Ltd. was $78 million, or $1.41 per share for second quarter 2024.
  • Gross written premiums were $132 million for second quarter 2024.
  • Adjusted operating income was $80 million, or $1.44 per share, for second quarter 2024.
  • Second quarter 2024 capital returned to shareholders was $169 million including share repurchases of $152 million and dividends of $17 million.

Headline financials

Total Revenue

$202M

Previous: $360M-43.9%
EPS (adj)

$1.44

Previous: $0.60+140.0%
Free Cash Flow

$78M

Previous: $125M-37.6%
Net Income

$78M

Previous: $125M-37.6%
Operating Income

$160M

Previous: $231M-30.7%
Gross Profit

$201M

Previous: $302M-33.4%
Cash & Equivalents

$92M

Previous: $114M-19.3%
Total Assets

$12.1B

Previous: $16.9B-28.3%

Revenue & EPS history

Assured Guaranty · Revenue · Quarterly

$202M

Q2 2024-43.9%vs Q2 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Assured Guaranty · $208 total across 1 segment · Q3 2023

  • Insurance segment
    $208-100.0%

Forward guidance

The company has laid the foundation for an exceptional year in new business production.

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 2024

Historical avgQ2 2024

+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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