Record Highs in Key Financial Metrics
Assured Guaranty reached record year-end highs for adjusted book value per share at $170.12, adjusted operating shareholders equity per share at $114.75, and shareholders' equity per share at $108.80.
Strong Stock Performance and Share Repurchase
AGO's common stock share price rose 20% for the year to $90.01, and they repurchased 11% of the common shares outstanding at December 31, 2023, meeting their 2024 target of repurchasing $500 million of shares.
Successful New Business Production
PVP across their three financial guaranty businesses topped $400 million for the second year in a row. US public finance originated $270 million in PVP, its highest annual total in four years.
Geographic Expansion
Opened offices in Australia and Singapore and made further inroads in Continental Europe, expanding their geographic reach and pursuing opportunities in Australia, New Zealand, and Asia.
Successful Litigation Outcome
In early February 2025, they concluded litigation with Lehman Brothers International Europe, recognizing a pre-tax gain of approximately $103 million in the first quarter of 2025.
Dividend Increase
The Board of Directors approved a 10% increase to their quarterly dividend per share from $0.31 to $0.34.