Assured Guaranty Reports Strong 2024 Financial Performance

Assured Guaranty ( (AGO) ) has released its Q4 earnings. Here is a breakdown of the information Assured Guaranty presented to its investors.

Assured Guaranty Ltd., a Bermuda-based holding company, provides credit enhancement products to the U.S. and non-U.S. public finance, infrastructure, and structured finance markets, and participates in asset management through its ownership interest in Sound Point Capital Management.

In its latest earnings report for the fourth quarter and full year 2024, Assured Guaranty Ltd. announced a net income of $18 million for the fourth quarter and $376 million for the full year. The company reported adjusted operating income of $66 million for the quarter and $389 million for the year. Gross written premiums for the year totaled $440 million, with a present value of new business production at $402 million.

Key financial highlights include a 20% increase in share price over the year, record highs in shareholders’ equity per share, and significant returns of capital to shareholders through share repurchases and dividends. The company repurchased 6.2 million shares for $502 million and paid $68 million in dividends in 2024. The insurance segment saw strong production across U.S. and non-U.S. public finance, with the U.S. public finance production being the strongest in four years.

Despite a decrease in net income compared to 2023, largely due to non-recurring benefits in the previous year, Assured Guaranty maintained robust financial metrics and continued to build shareholder value. The adjusted book value per share increased by 9.1%, driven by adjusted operating income and share repurchases.

Looking ahead, Assured Guaranty remains focused on capital management and strategic growth in its core markets. The company aims to continue enhancing shareholder value through disciplined financial strategies and maintaining strong production in its insurance and asset management segments.