ASSURED GUARANTY Reports Second Quarter Earnings for 2023

August 28, 2023

☀️Earnings Overview

On August 8, 2023, ASSURED GUARANTY ($NYSE:AGO) reported their second quarter fiscal year 2023 earnings results. The total revenue for the quarter was estimated at USD 357.0 million – a significant increase from the 77.0 million reported in the same period of the previous year. Net income also saw a dramatic improvement from -47.0 million to USD 125.0 million.

Share Price

The stock opened at $61.7 and closed at $62.6, a 0.2% decrease from the previous closing price of $62.8. This report indicates an overall decrease in the company’s performance despite a successful first quarter. This indicates that the company is still able to command higher prices for their products and services.

Additionally, they managed to reduce their operating expenses by 3%. Despite this, the company still showed signs of continued success as evidenced by their increasing gross margin and decreasing operating expenses. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Assured Guaranty. More…

    Total Revenues Net Income Net Margin
    914 309 34.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Assured Guaranty. More…

    Operations Investing Financing
    -249 554 -380
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Assured Guaranty. More…

    Total Assets Total Liabilities Book Value Per Share
    16.85k 11.4k 89.65
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Assured Guaranty are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -1.5% 46.5%
    FCF Margin ROE ROA
    -27.2% 5.1% 1.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we recently performed an analysis of ASSURED GUARANTY‘s financials. Our Star Chart gave the company an intermediate health score of 4/10 considering its cashflows and debt. This score indicates that the company is likely to pay off debt and fund future operations. In terms of performance, ASSURED GUARANTY had strong dividend metrics, medium asset metrics, and weak growth and profitability metrics. Based on these findings, we classified the company as a ‘cow’ – a type of company with a track record of paying out consistent and sustainable dividends. Given the company’s financials and performance metrics, investors looking for a reliable source of dividend income may be interested in ASSURED GUARANTY. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The Company’s principal subsidiaries include Assured Guaranty Municipal Corp, which provides financial guarantees for municipal bonds, and Assured Guaranty Re Ltd, which provides reinsurance for credit enhancement providers. The Company’s competitors include MBIA Inc, Menora Mivtachim Holdings Ltd, American Overseas Group Ltd, among others.

    – MBIA Inc ($NYSE:MBI)

    MBIA Inc is a holding company that, through its subsidiaries, provides financial guarantee insurance services in the United States and internationally. The company has a market cap of $547.9 million and a return on equity of 20.66%. MBIA Inc operates in two segments: Insurance Services and Financial Services. The Insurance Services segment provides financial guarantees for bonds, notes, and other obligations issued by municipalities, utilities, school districts, housing authorities, and various other governmental entities and public finance sectors. The Financial Services segment offers investment management, loan servicing, and real estate services.

    – Menora Mivtachim Holdings Ltd ($OTCPK:MNRHF)

    Menora Mivtachim Holdings Ltd is an Israeli conglomerate with interests in insurance, banking, and investment. The company has a market capitalization of 1.2 billion as of 2022 and a return on equity of 9.76%. Menora Mivtachim Holdings is a publicly traded company on the Tel Aviv Stock Exchange. The company was founded in 1934 and is headquartered in Tel Aviv, Israel.

    – American Overseas Group Ltd ($OTCPK:AOREF)

    AOG is a Bermuda-based holding company engaged in the insurance and reinsurance businesses through its subsidiaries. The Company’s segments include Property and Casualty, which provides insurance and reinsurance products for commercial and personal lines of business; Specialty, which provides insurance and reinsurance products for specialty lines of business, such as professional liability, surety, political risk, and medical malpractice; and Life, which provides life insurance products.


    ASSURED GUARANTY reported strong financial results for its second quarter of 2023, with total revenue increasing from USD 77.0 million to USD 357.0 million and net income improving from a loss of -47.0 million to a gain of USD 125.0 million. Investors should be encouraged by these results, which reflect the company’s continued success despite the difficult economic climate. Going forward, investors should closely monitor ASSURED GUARANTY’s performance in order to gain insight into how the company is capitalizing on its growth opportunities.

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