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Assured Guaranty Posts Profit In Q4 - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Assured Guaranty Ltd. (AGO) reported fourth quarter net income of $74 million or $0.38 per share, compared with a net loss of $84 million or $0.46 per share last year. The increase was driven primarily by lower non-economic net unrealized losses, and lower loss and loss adjustment expenses.

Operating income grew to $184 million or $0.95 per share from $172 million or $0.94 per share in the prior year. This represents a 7% increase due primarily to higher terminations of structured finance exposures, and refundings of public finance exposures.

Net earned premiums on an operating income basis increased to $321 million from $243 million in fourth quarter 2011 and total revenues were $447 million compared to $375 million last year.

Analysts polled by Thomson Reuters expected the company to report profit of $0.70 per share on revenue of $198.33 million for the quarter. Analysts' estimates typically exclude special items.

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