Assured Guaranty Ltd.'s board of directors authorized an additional $250 million for share repurchases in November 2024. This action reflects the company's ongoing commitment to returning capital to shareholders. The authorization supplements existing capital management initiatives.
As of November 8, 2024, the company had already repurchased 10% of the shares that were outstanding on December 31, 2023. This aggressive share repurchase program is a key component of Assured Guaranty's strategy to enhance per-share valuation metrics. The company aims to drive shareholder value through consistent capital returns.
CEO Dominic Frederico highlighted that the company continues to build both shareholder and policyholder value. The share repurchases contribute to the record highs seen in per-share metrics like shareholders' equity and adjusted book value. This capital allocation strategy demonstrates confidence in the company's intrinsic value.
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