AGOAssured Guaranty Ltd.

$4B

Q3 2017 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$620M+95.0% YoY

Gross Profit

$392M63.2% margin

Operating Income

$313M50.5% margin

Net Income

$208M33.5% margin

EPS (Diluted)

$1.72

QoQ Revenue Growth

+109.5%

Cash Flow

Operating Cash Flow

$156M

Free Cash Flow

$156M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$14.6B

Total Liabilities

$7.8B

Stockholders' Equity

$6.9B

Cash & Equivalents

$72M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$620M	$318M	+95.0%
Gross Profit	$392M	$323M	+21.4%
Operating Income	$313M	$480M	-34.8%
Net Income	$208M	$479M	-56.6%

Revenue Segments

Financial Guarantee Insurance Product Line

$3.5B100%

AGO Q3 2017 Earnings — Assured Guaranty Ltd. Revenue & Financial Results | Market Cap Arena