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Assured Guaranty Ltd. (NYSE: AGO) is a leading provider of financial guaranty insurance. The company guarantees the timely payment of scheduled principal and interest on municipal, public infrastructure, and structured finance obligations. Operating primarily through its subsidiaries, Assured Guaranty serves both the U.S. and international markets, offering credit enhancement products that improve the creditworthiness of bonds and other financial instruments.
Assured Guaranty operates in two main segments: Insurance and Asset Management. The Insurance segment predominantly drives the company's revenue by insuring municipal bonds and infrastructure projects, while the Asset Management segment focuses on managing assets across collateralized loan obligations and other investment funds.
The company's recent activities highlight its robust market presence and strategic initiatives. For instance, Assured Guaranty Municipal Corp. (AGM) insured $800 million in bonds for the New York Transportation Development Corporation to support the JFK Airport's New Terminal One Project. Additionally, Assured Guaranty (Europe) SA secured a €93.7 million loan for Metro de Madrid, demonstrating its significant role in facilitating major infrastructure projects.
Financially, Assured Guaranty remains strong, with a solid track record of profitability and shareholder value enhancement. The company declared a quarterly dividend increase to $0.31 per common share, reflecting its commitment to returning value to shareholders. Furthermore, Assured Guaranty's financial performance in the fourth quarter of 2023 was impressive, with GAAP net income of $376 million and adjusted operating income of $338 million.
Assured Guaranty's strategic transactions, such as its collaboration with Sound Point Capital Management, indicate its proactive approach to expanding its asset management capabilities. These efforts position the company well for future growth and underscore its adaptability in a dynamic financial landscape.
For more information, visit AssuredGuaranty.com.
Assured Guaranty Ltd. (NYSE:AGO) has declared a quarterly dividend of $0.25 per common share, payable on August 31, 2022. Shareholders of record will be eligible if they hold shares by the close of business on August 17, 2022.
The company is a Bermuda-based holding firm providing credit enhancement products and asset management services in public finance and structured finance markets. This dividend reflects Assured Guaranty's ongoing commitment to shareholder returns.
Assured Guaranty Ltd. (NYSE: AGO) will announce its financial results for Q2 ending June 30, 2022, on August 3, 2022, after 4:00 p.m. Eastern Time. The press release and Financial Supplement will be accessible on the company's website. An investor conference call will take place on August 4, 2022, at 8:00 a.m. Eastern Time, available via live webcast and phone. A replay of the call will be accessible for three months post-event. Assured Guaranty provides credit enhancement and asset management services in public finance and structured finance markets.
Assured Guaranty Ltd. (NYSE: AGO) received an affirmative AA financial strength rating from S&P Global Ratings for its subsidiaries, including Assured Guaranty Municipal Corp. and Assured Guaranty Corp. This rating underscores the company’s strong capital position, exceptional liquidity, and diverse underwriting strategy. S&P highlighted Assured Guaranty's robust risk management and stable outlook amidst a challenging market. CEO Dominic Frederico expressed confidence in strong growth opportunities due to favorable trends in the U.S. public finance market.
Assured Guaranty Ltd. (AGO) reported strong financial results for Q1 2022, achieving a net income of $66 million ($0.98 per share) and an adjusted operating income of $90 million ($1.34 per share). The company successfully reduced its Puerto Rico net par exposure by $1.3 billion, resulting in a $63 million benefit to adjusted operating income. Shareholders' equity per share stood at $89.20. The insurance segment saw an adjusted operating income of $133 million, bolstered by premium earnings and a strong market presence, capturing 58% of insured par sold in municipal bond markets.
Assured Guaranty Ltd. (NYSE:AGO) has announced a quarterly dividend of
Assured Guaranty Municipal Corp. (AGO) has insured $608.3 million in tax-exempt Green Revenue Bonds issued by the Power Authority of the State of New York (NYPA) as of April 21. These bonds will finance two key transmission projects aimed at modernizing New York's electricity grid and enhancing renewable energy distribution. The bonds are backed solely by project revenues and AGM's unconditional guaranty. The initiative aligns with New York's goal of achieving 70% renewable electricity by 2030 and 100% by 2040.
Assured Guaranty Ltd. (NYSE: AGO) has announced the release of its financial results for the first quarter ended March 31, 2022, scheduled for May 5, 2022, at 4:00 p.m. ET. Following the release, a conference call for investors will be hosted on May 6, 2022, at 8:00 a.m. ET. Both the press release and the Financial Supplement will be available on the Company's website. Investors can access the call via webcast or telephone, with replay options until August 6, 2022. Assured Guaranty provides credit enhancement products and asset management services in public finance and structured finance markets.
Assured Guaranty UK Limited (AGUK) has issued a £170 million DSR guarantee for Yorkshire Water Services Limited to cover senior payment obligations to bondholders. The five-year guarantee replaces bank-provided liquidity facilities and aligns with Yorkshire Water's securitisation structure. AGUK, rated AA by S&P and A1 by Moody's, aims to provide competitive financing alternatives, enhancing its market position in the UK and European financial sectors. Yorkshire Water, serving around two million households, anticipates benefits to its financing terms and customers from this collaboration.
Assured Guaranty Ltd. (NYSE: AGO) announced that Moody’s upgraded Assured Guaranty Municipal Corp. (AGM) and Assured Guaranty UK Limited (AGUK) insurance financial strength ratings to A1 from A2, with a stable outlook. This upgrade reflects improved credit profiles post-resolution of exposure to Puerto Rican G.O. bonds and strong demand for financial guaranty insurance in the U.S. and Europe. AGM's growth is expected to bolster earnings, supported by a strong capital profile, conservative underwriting, and the lifting of legacy exposure burdens.
On March 15, Assured Guaranty settled its exposure related to Puerto Rico's General Obligation bonds and other authorities it insured, eliminating $1.3 billion of net par, which was 39% of its non-paying Puerto Rico exposure as of year-end 2021. This is a crucial step towards resolving Puerto Rico's bankruptcy and restructuring $35 billion in debt under the Commonwealth Plan. Assured Guaranty expects to receive cash, new GO bonds, and contingent value instruments as part of the settlement.
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