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 |
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: | $5,920M 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 |