Assured Guaranty (AGO) FY2023 results: revenue $1.4 billion, up 89.9% on the year
Assured Guaranty Ltd. (AGO) reported revenue of $1.4 billion for fiscal 2023, the year ended 31 December 2023, up 89.9% on the year before. Net income was $739 million, up 496.0%, and diluted earnings per share $12.30. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$1.4 billion
+89.9% on the year
FY2016FY2023
Operating margin
46.6%
25.9% a year earlier
FY2016FY2023
Net income
$739 million
+496.0% on the year
FY2016FY2023
Diluted EPS
$12.30
+540.6% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
461
-2,479
-1,937
Cash from investing
286
1,740
23.0
-83.6%
Cash from financing
-670
612
1,960
Buybacks
199
500
496
-60.2%
Dividends paid
67.0
64.0
66.0
+4.7%
Dividend per share
$1.12
$1.00
$0.88
+12.0%
Diluted shares, weighted
60m
64m
74m
-6.7%
Shares outstanding at period end
56m
59m
68m
-4.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
5,713
5,064
6,292
+12.8%
Non-controlling interest
52.0
228
186
-77.2%
Debt
1,694
1,675
1,673
+1.1%
Other liabilities
5,080
9,876
10,057
-48.6%
Total liabilities and equity
12,539
16,843
18,208
-25.6%
Goodwill
0.0
117
117
Intangible assets
0.0
40.0
52.0
Investments
1,661
810
1,225
+105.1%
Cash and equivalents
286
207
342
+38.2%
Other assets
10,592
15,669
16,472
-32.4%
Total assets
12,539
16,843
18,208
-25.6%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.