ASSURED GUARANTY LTD AGO Income Statement

Assured guaranty ltd (AGO)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
Premiums Earned, Net
461,000	476,000	478,000	497,000	521,000	548,000	601,000	645,000	671,000	690,000	748,000	793,000	845,000	864,000	820,000	802,000	807,000	766,000	732,000	663,000	580,000	570,000	594,000	609,000	636,000	752,000	788,000	851,000	907,000	853,000	859,955	848,955	860,023	920,000	981,608	1,059,375	1,126,357	1,187,000	1,230,407	1,020,274	0	0	0
Net Investment Income
360,000	378,000	394,000	405,000	393,000	395,000	393,000	393,000	396,000	418,000	439,000	434,000	431,000	408,000	403,000	421,000	421,000	423,000	413,000	403,000	401,000	403,000	408,000	405,000	402,000	393,000	389,000	392,000	400,000	404,000	401,997	394,997	396,588	396,000	395,215	385,830	374,110	361,000	345,530	303,215	0	0	0
Asset management fees
45,000	22,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized investment gains (losses):
Other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,000	59,000	62,000	47,000	63,000	62,000	78,000	76,000	59,000	50,000	30,000	32,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	58,235	87,235	105,053	84,000	86,517	59,236	49,830	44,000	37,569	68,316	0	0	0
Less: portion of other-than-temporary impairment loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,000	-10,000	-6,000	0	11,000	15,000	-1,000	-1,000	1,000	2,000	8,000	10,000	-11,000	-16,000	-14,000	-41,000	-34,391	-51,391	-59,631	-39,000	-49,759	-33,948	-18,708	-17,000	-7,137	-27,581	0	0	0
Net impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,000	49,000	56,000	47,000	74,000	77,000	77,000	75,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other net realized investment gains (losses)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	13,000	1,000	21,000	19,000	30,000	31,000	15,000	64,000	63,000	68,000	94,000	50,000	55,000	45,000	18,000	19,128	18,128	25,616	27,000	22,873	20,029	22,515	25,000	22,936	30,725	0	0	0
Realized Investment Gains (Losses)
29,000	22,000	-6,000	-29,000	-39,000	-32,000	-28,000	-14,000	3,000	40,000	30,000	21,000	16,000	-29,000	-11,000	-36,000	-55,000	-26,000	-55,000	-47,000	-46,000	-60,000	4,000	16,000	26,000	52,000	24,000	33,000	28,000	1,000	-4,716	-17,716	-19,806	-18,000	-13,885	-5,259	-8,607	-2,000	-7,496	-10,010	0	0	0
Net change in fair value of credit derivatives:
Realized gains (losses) and other settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,000	-15,000	-31,000	-18,000	38,000	18,000	25,000	23,000	22,000	60,000	-41,000	-42,000	-74,000	-96,000	-33,000	-108,000	-96,591	-98,591	-86,427	6,000	60,037	112,535	161,724	153,000	189,245	164,563	0	0	0
Net unrealized gains (losses)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	458,000	532,000	575,000	746,000	938,000	1,127,000	1,133,000	800,000	354,000	415,000	487,000	107,000	-209,000	-577,000	-453,000	-477,000	-664,305	529,695	191,636	554,000	664,519	-767,908	-678,734	-155,000	-194,550	-172,407	0	0	0
Net change in fair value of credit derivatives
-61,000	-6,000	-16,000	0	56,000	112,000	108,000	145,000	91,000	111,000	180,000	143,000	212,000	98,000	452,000	517,000	544,000	728,000	976,000	1,145,000	1,158,000	823,000	376,000	475,000	446,000	65,000	-283,000	-673,000	-486,000	-585,000	-760,896	431,104	105,209	560,000	724,556	-655,373	-517,010	-2,000	-5,305	-7,844	0	0	0
Fair Value, Gain (Loss) On Committed Capital Securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-33,000	-25,000	9,000	27,000	10,000	29,000	0	-11,000	3,000	8,000	11,000	10,000	-10,000	-21,000	-14,000	-18,000	19,905	23,905	20,474	35,000	6,325	-1,223	10,801	9,000	-47,287	-102,309	0	0	0
Variable Interest Entity, Change in Fair Value
28,000	42,000	47,000	0	0	-	0	-	-	-	-	-	-	38,000	49,000	62,000	63,000	38,000	23,000	71,000	91,000	255,000	325,000	315,000	433,000	346,000	283,000	277,000	302,000	191,000	168,685	35,685	-306,601	-146,000	-562,638	-292,380	-145,486	-274,000	0	0	0	-	-
Fair value gains (losses) on consolidated investment vehicles
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange gains (losses) on remeasurement
-49,000	24,000	-39,000	-27,000	-49,000	-38,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bargain Purchase Gain And Settlement of Pre-existing Relationship
-	-	-	-	-	-	-	-	-	58,000	58,000	317,000	317,000	259,000	259,000	214,000	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) From Commutations
-	1,000	1,000	0	-	0	-	238,000	256,000	328,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial guaranty variable interest entities' revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Other income (loss)
14,000	13,000	32,000	42,000	10,000	-4,000	-4,000	10,000	42,000	64,000	35,000	17,000	11,000	31,000	43,000	43,000	80,000	37,000	40,000	32,000	-16,000	14,000	12,000	39,000	25,000	-10,000	-9,000	-9,000	3,000	108,000	110,863	85,863	108,200	58,000	85,780	128,462	87,729	34,000	64,362	31,172	0	0	0
Revenues
864,000	963,000	942,000	0	0	-	0	-	-	-	-	-	-	1,677,000	1,982,000	1,784,000	2,083,000	2,207,000	2,353,000	2,510,000	2,168,000	1,994,000	1,722,000	1,867,000	1,979,000	1,608,000	1,182,000	850,000	1,140,000	954,000	795,793	1,802,793	1,164,087	1,805,000	1,616,961	619,432	927,894	1,313,000	1,720,045	1,203,074	0	0	0
Expenses
Policyholder Benefits and Claims Incurred, Net
67,000	93,000	96,000	83,000	128,000	64,000	77,000	283,000	311,000	388,000	466,000	234,000	264,000	295,000	289,000	410,000	496,000	424,000	390,000	234,000	103,000	126,000	139,000	238,000	243,000	154,000	127,000	158,000	214,000	504,000	580,667	709,667	715,580	448,000	417,939	313,711	275,568	412,000	440,719	367,977	0	0	0
Assured Guaranty Municipal Holdings Inc. acquisition-related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	58,105	82,330	0	0	0
Interest expense
88,000	89,000	90,000	91,000	93,000	94,000	95,000	96,000	97,000	97,000	98,000	100,000	100,000	102,000	102,000	101,000	102,000	101,000	101,000	103,000	97,000	92,000	86,000	80,000	81,000	82,000	84,000	84,000	88,000	92,000	95,544	99,544	99,240	99,000	99,605	99,491	99,626	100,000	100,041	81,639	0	0	0
Amortization of deferred acquisition costs
15,000	18,000	17,000	17,000	17,000	16,000	18,000	20,000	20,000	19,000	18,000	17,000	18,000	18,000	18,000	19,000	20,000	20,000	28,000	27,000	24,000	25,000	16,000	16,000	14,000	12,000	8,000	8,000	12,000	14,000	17,528	17,528	18,338	17,000	12,340	16,363	17,489	22,000	24,440	32,965	0	0	0
Employee compensation and benefit expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and settlement of pre-existing relationship
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Financial guaranty variable interest entities' expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Other operating expenses
147,000	125,000	96,000	125,000	130,000	132,000	168,000	170,000	201,000	244,000	240,000	247,000	253,000	245,000	243,000	232,000	235,000	231,000	231,000	227,000	216,000	220,000	217,000	221,000	218,000	218,000	215,000	209,000	210,000	212,000	212,868	210,868	211,117	212,000	237,953	244,092	238,350	238,000	229,415	203,809	0	0	0
Benefits, Losses and Expenses
518,000	503,000	443,000	0	0	-	0	-	-	-	-	-	-	660,000	652,000	762,000	853,000	776,000	750,000	591,000	440,000	463,000	458,000	555,000	556,000	466,000	434,000	459,000	524,000	822,000	906,607	1,037,607	1,044,275	776,000	768,065	673,885	634,012	779,000	886,213	802,213	0	0	0
Income (loss) before income taxes and equity in net earnings of investees
346,000	460,000	423,000	513,000	418,000	579,000	635,000	772,000	836,000	991,000	1,106,000	1,273,000	1,324,000	1,017,000	1,330,000	1,022,000	1,230,000	1,431,000	1,603,000	1,919,000	1,728,000	1,531,000	1,264,000	1,312,000	1,423,000	1,142,000	748,000	391,000	616,000	132,000	-110,814	765,186	119,812	1,029,000	848,896	-54,453	293,882	534,000	833,832	400,861	0	0	0
Equity in net earnings of investees
0	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in net earnings of investees
-	4,000	4,000	3,000	-	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
344,000	464,000	427,000	516,000	421,000	580,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision (benefit) for income taxes
Current
-	-	-	-	-	-	-	-	-	-	-	-	-	117,000	77,000	100,000	92,000	75,000	99,000	94,000	88,000	96,000	107,000	138,000	123,000	157,000	191,000	115,000	83,000	57,000	64,735	60,735	99,599	-127,000	-39,737	-218,604	-183,646	-25,000	-118,882	63,111	0	0	0
Deferred Income Tax Expense (Benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	19,000	140,000	159,000	224,000	300,000	345,000	440,000	393,000	347,000	252,000	240,000	306,000	177,000	24,000	-15,000	84,000	-35,000	-127,398	133,602	-130,531	383,000	224,676	96,595	187,732	75,000	315,821	35,460	0	0	0
Income Tax Expense (Benefit)
55,000	63,000	74,000	71,000	43,000	59,000	150,000	241,000	226,000	261,000	231,000	127,000	185,000	136,000	217,000	259,000	316,000	375,000	444,000	534,000	481,000	443,000	359,000	378,000	429,000	334,000	215,000	100,000	167,000	22,000	-62,663	194,337	-30,932	256,000	184,939	-122,009	4,086	50,000	196,939	98,571	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
289,000	401,000	353,000	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	302,290	0	0	0
Less: Noncontrolling interests
-4,000	-1,000	0	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Net Income (Loss) Attributable to Parent
293,000	402,000	353,000	445,000	378,000	521,000	485,000	532,000	610,000	730,000	875,000	1,146,000	1,139,000	881,000	1,113,000	763,000	914,000	1,056,000	1,159,000	1,385,000	1,247,000	1,088,000	905,000	934,000	994,000	808,000	533,000	291,000	449,000	110,000	-48,151	570,849	150,744	773,000	1,021,750	0	0	-	0	-	-	0	0
Earnings Per Share [Abstract]
Earnings Per Share, Basic
-0.59	1.43	0.71	1.40	0.52	0.84	1.48	0.67	1.71	0.44	1.75	1.26	2.53	1.46	3.63	1.09	0.43	2.98	0.88	1.97	1.29	3.08	2.10	0.89	0.23	1.79	2.10	1.17	-0.74	0.48	0.73	2.02	-2.65	-0.47	4.15	-0.23	0.76	-1.04	0.89	0.97	1.81	-0.22	-1.82
Earnings Per Share, Diluted
-0.59	1.42	0.70	1.39	0.52	0.83	1.47	0.67	1.68	0.44	1.72	1.24	2.49	1.44	3.60	1.09	0.43	2.96	0.88	1.96	1.28	3.05	2.09	0.89	0.23	1.79	2.09	1.16	-0.74	0.48	0.73	2.01	-2.65	-0.48	4.13	-0.23	0.74	-1.02	0.88	0.95	1.75	-0.22	-1.82
Dividends (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.09	0.09	0.09	0.09	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04