Assured Guaranty Ltd.
Income Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Revenue | $917.2M | $553.2M |
| Net earned premiums | $930.4M | $261.4M |
| Net investment income | $259.2M | $162.6M |
| Net realized investment gains (losses) | $-32.7M | $-69.8M |
| Fair value gains (losses) on credit derivatives | $-174.3M | $155.6M |
| Fair value gains (losses) on committed capital securities | $-122.9M | $42.7M |
| Fair value gains (losses) on financial guaranty variable interest entities | $-1.2M | $0 |
| Foreign exchange gains (losses) on remeasurement | $0 | $0 |
| Bargain purchase gain and settlement of pre-existing relationships | $0 | $0 |
| Commutation gains (losses) | $0 | $0 |
| Asset management fees | $0 | $0 |
| Fair value gains (losses) on consolidated investment vehicles | $0 | $0 |
| Fair value gains (losses) on trading securities | $0 | $0 |
| Gain on sale of asset management subsidiaries | $0 | $0 |
| Other income (loss) | $58.5M | $664.0K |
| Cost of Revenue | — | — |
| Gross Profit | — | — |
| Gross Margin | — | — |
| Operating Expenses | ||
| Research & Development | — | — |
| SG&A Expense | — | — |
| Operating Income | $179.7M | $135.6M |
| Operating Margin | 19.6% | 24.5% |
| Interest Expense | $62.8M | $23.3M |
| Pretax Income | $116.9M | $112.3M |
| Income Tax Expense | $32.1M | $43.4M |
| Net Income | $86.0M | $68.9M |
| Net Margin | 9.4% | 12.5% |
| EPS (Basic) | $0.68 | $0.78 |
| EPS (Diluted) | $0.66 | $0.77 |
| Shares Outstanding (Basic) | 126.5M | — |
| Shares Outstanding (Diluted) | 129.1M | — |
| Dividends Per Share | $0.18 | $0.18 |