NYSE$AGO

Assured Guaranty Ltd. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Assured Guaranty reported a net income of $157 million and adjusted operating income of $206 million.

Assured Guaranty reported a GAAP net income attributable to Assured Guaranty Ltd. of $157 million, or $2.60 per share, for the third quarter of 2023. Adjusted operating income was $206 million, or $3.42 per share, for the same period. The company completed transactions with Sound Point Capital Management and AHP, resulting in a $241 million pre-tax gain.

  • Net income attributable to Assured Guaranty Ltd. was $157 million, or $2.60 per share for third quarter 2023.
  • Adjusted operating income was $206 million, or $3.42 per share, for third quarter 2023.
  • Capital returned to shareholders in third quarter 2023 was $80 million, including $64 million in share repurchases and $16 million in dividends.
  • Share repurchase authorization was increased by $300 million on November 1, 2023.

Headline financials

Total Revenue

$403M

Previous: $41M+882.9%
EPS (adj)

$3.42

Previous: $2.11+62.1%
Gross written premiums

$40.00

Previous: $94M-100.0%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$157M

Previous: $11M+1327.3%
Net Income

$157M

Previous: $11M+1327.3%
Operating Income

$255M

Previous: -$67M+480.6%
Gross Profit

$299M

Previous: -$30M+1096.7%
Cash & Equivalents

$108M

Previous: $131M-17.6%
Total Assets

$11.9B

Previous: $16.7B-28.3%

Revenue & EPS history

Assured Guaranty · Revenue · Quarterly

$403M

Q3 2023+882.9%vs Q3 2022
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

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

  • Insurance segment
    $208-100.0%

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 Q3 2023

Historical avgQ3 2023

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro