Assured Guaranty Ltd. (N:AGO)

Sector:  Financials Industry:  Property & Casualty Insurance
 
See Regulatory Filings on SEC
Company Contact
Address: 5th Floor, 30 Woodbourne Avenue
PEMBROKE HM 08
Tel: 1-212-3390861
Website: https://assuredguaranty.com
IR: See website
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Key People
Dominic John Frederico
President, Chief Executive Officer, Director
Benjamin G. Rosenblum
Chief Financial Officer
Robert Adam Bailenson
Chief Operating Officer
Jorge A. Gana
Chief Risk Officer
Ling Chow
General Counsel, Secretary
Stephen Donnarumma
Chief Credit Officer
Holly L. Horn
Chief Surveillance Officer
   
Business Overview
Assured Guaranty Ltd. is a holding company. Through its subsidiaries, the Company provides credit enhancement products to the United States and non-United States public finance, infrastructure and structured finance markets. Its segments include Insurance and Asset Management. In the Insurance segment, the Company applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. It markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors in such obligations. It guarantees obligations issued principally in the United States and the United Kingdom and also guarantees obligations issued in other countries and regions, including Western Europe. The Asset Management segment provides asset management services.
Financial Overview
For the fiscal year ended 31 December 2023, Assured Guaranty Ltd. revenues increased 45% to $961M. Net income increased from $124M to $739M. Revenues reflect Corporate segment increase from $4M to $275M, Insurance segment increase of 13% to $855M. Net income benefited from Net unrealized gains (losses) increase from $9M (expense) to $112M (income), Equity in earnings (losses) of investees increase from $39M (expense) to $28M (income).
Employees: 350 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $5,975M as of Dec 31, 2023
Annual revenue (TTM): $961.00M as of Dec 31, 2023
EBITDA (TTM): $384.00M as of Dec 31, 2023
Net annual income (TTM): $739.00M as of Dec 31, 2023
Free cash flow (TTM): $394.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,597M as of Dec 31, 2023
Shares outstanding: 55,516,954 as of Mar 8, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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