Assured Guaranty (AGO) Tops Q1 EPS by 52c
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Assured Guaranty Ltd. Reports Results for First Quarter 2022
May 5, 2022 4:25 PM EDTPuerto Rico Settlements: Reduced Puerto Rico net par outstanding by $1.3 billion, a 37% reduction. The benefit to insurance segment adjusted operating income associated with the exposures covered by the Puerto Rico settlements was $63 million in first quarter 2022. GAAP Highlights: Net income attributable to Assured Guaranty Ltd. was $66 million, or $0.98 per share(1), for first quarter 2022. Shareholders equity attributable to Assured Guaranty Ltd. per share was $89.20 as of March 31, 2022. Non-GAAP Highlights: Adjusted operating income(2) was $90 million, or $1.34 per share, for first quarter 2022. Adjusted operating shareholders equity(2) per share and... More
