Published on 7 May 2024 on GuruFocus.com via Yahoo Finance
Assured Guaranty Ltd. Surpasses Analyst Earnings Estimates in Q1 2024
Net Income: $109 million, up from $81 million in the previous year, surpassing the estimated $75.38 million.Earnings Per Share (EPS): $1.89, significantly exceeding the estimate of $1.32.Revenue: Gross written premiums reported at $61 million for the quarter.Adjusted Operating Income: Increased to $113 million from $68 million year-over-year, with per share value at $1.96.Shareholders' Equity: Reached $102.19 per share as of March 31, 2024, reflecting an increase from $101.63 at the end of the previous year.Capital Return to Shareholders: $148 million returned, including $129 million in share repurchases and $19 million in dividends.Share Repurchase Authorization: Increased by $300 million on May 2, 2024.
Warning! GuruFocus has detected 6 Warning Sign with AGO.