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Assured Guaranty (Assured Guaranty) Net Income : $739 Mil (TTM As of Dec. 2023)


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What is Assured Guaranty Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Assured Guaranty's Net Income for the three months ended in Dec. 2023 was $376 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $739 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Assured Guaranty's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $6.61.


Assured Guaranty Net Income Historical Data

The historical data trend for Assured Guaranty's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Assured Guaranty Net Income Chart

Assured Guaranty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 402.00 362.00 389.00 124.00 739.00

Assured Guaranty Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 94.00 81.00 125.00 157.00 376.00

Assured Guaranty Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Assured Guaranty's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=668+93+0+-22
=739

Assured Guaranty's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=202+177+0+-3
=376

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $739 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Assured Guaranty  (NYSE:AGO) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Assured Guaranty's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Assured Guaranty Net Income Related Terms

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Assured Guaranty (Assured Guaranty) Business Description

Traded in Other Exchanges
Address
30 Woodbourne Avenue, Hamilton, BMU, HM 08
Assured Guaranty Ltd. provides credit protection products to the United States and international public finance and structured finance markets, and manages assets across collateralized loan obligations as well as opportunity funds and liquid strategy funds that build on its corporate credit, asset-based finance, municipal and healthcare experience. The company is operating in two segments Insurance segment and the Asset Management segment. The majority of the revenue earned by the company is from the Insurance segment.
Executives
G Lawrence Buhl director 30 WOODBOURNE AVE, C/O ASSURED GUARANTY LTD, HAMILTON BERMUDA D0 0000
Stephen Donnarumma officer: Chief Credit Officer 30 WOODOURNE AVENUE, HAMILTON D0 HM08
Dominic Frederico director, officer: Deputy Chairman/President/CEO ACE LTD, ACE BLDG 30 WOODBOURNE AVE HAMILTON BER
Robert Bailenson officer: Chief Accounting Officer ASSURED GUARANTY LTD., 30 WOODBOURNE AVENUE, HAMILTON D0 HM08
Jorge A. Gana officer: Chief Risk Officer 30 WOODBOURNE AVE, 5TH FLOOR, HAMILTON D0 D0 HM08
Howard Albert officer: Chief Risk Officer 31 WEST 52ND STREET, NEW YORK NY 10019
David A. Buzen officer: Head of Asset Management* 850 3RD AVENUE, NEW YORK NY 10022
Laura Bieling officer: Chief Accounting Officer* 30 WOODBOURNE AVE., 5TH FLOOR, HAMILTON D0 D0 HM08
Holly Horn officer: Chief Surveillance Officer 30 WOODBOURNE AVE, 5TH FLOOR, HAMILTON D0 D0 HM08
Brewer Russell B. Ii officer: Chief Surveillance Officer 31 WEST 52ND STREET, NEW YORK NY 10019
Shea Courtney C. director 1555 N. ASTOR STREET, APARTMENT 9W, CHICAGO IL 60610
Michelle Mccloskey director C/O ALLIANCEBERNSTEIN LP, 9TH FLOOR, NEW YORK NY 10105
Lorin Radtke director 30 WOODBOURNE AVE, 5TH FLOOR, HAMILTON D0 D0 HM08
Thomas W Jones director ALTRIA GROUP INC, 6601 WEST BROAD STREET, RICHMOND VA 23230
Andrew T Feldstein officer: Chief Investment Officer 280 PARK AVENUE, 5TH FLOOR EAST, NEW YORK NY 10017