Welcome to our dedicated page for Assured Guaranty news (Ticker: AGO), a resource for investors and traders seeking the latest updates and insights on Assured Guaranty stock.
Assured Guaranty Ltd. (NYSE: AGO) is a Bermuda-based holding company whose subsidiaries provide credit enhancement and credit protection products to public finance, infrastructure and structured finance markets in the U.S. and internationally. The AGO news feed highlights how the company’s insurance and asset management activities translate into transactions, ratings actions, earnings announcements and capital management decisions.
News about Assured Guaranty often covers financial results for its Insurance and Asset Management segments, including net income, adjusted operating income, gross written premiums, present value of new business production and changes in shareholders’ equity and adjusted book value per share. Earnings releases and related conference call announcements give context on production in U.S. public finance, non-U.S. public finance and global structured finance, as well as developments in loss experience and investment income.
Investors can also follow transaction-focused updates, such as Assured Guaranty Inc. insuring special facilities revenue bonds for major infrastructure projects or Assured Guaranty (Europe) SA issuing financial guarantees and debt service reserve guarantees for European infrastructure and telecom-related financings. These items illustrate how the group’s credit enhancement products are used in specific markets and sectors.
Additional AGO news includes dividend declarations, share repurchase authorizations and stock redemptions by subsidiaries, reflecting the company’s capital management approach, as well as rating agency actions such as Kroll Bond Rating Agency’s affirmations of AA+ insurance financial strength ratings for key insurance subsidiaries. Together, these updates provide a view of Assured Guaranty’s operating performance, risk profile and role in public finance and structured finance markets. For ongoing coverage, readers can return to this page to review the latest press releases and regulatory news related to AGO.
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.
Assured Guaranty Ltd. reported strong financial results for Q4 2021, posting a net income of $263 million ($3.74 per share) and a record shareholders’ equity per share of $93.19. The company achieved an adjusted operating income of $273 million ($3.88 per share) for the quarter and $470 million ($6.32 per share) for the full year 2021. Capital returned to shareholders reached $562 million in FY 2021, with significant share repurchases. The Insurance segment saw adjusted operating income of $722 million for FY 2021. However, the Asset Management segment continued to face challenges with an adjusted operating loss of $19 million for the year.
Assured Guaranty Ltd. (NYSE: AGO) has declared a quarterly dividend of $0.25 per common share, marking a 13.6% increase from the previous $0.22 dividend announced on November 1, 2021.
The dividend payment is scheduled for March 23, 2022, to shareholders of record as of March 9, 2022. This increase represents the company's commitment to returning value to its shareholders, as it celebrates its eleventh consecutive year of dividend growth.
Assured Guaranty Ltd. (NYSE:AGO) will release its financial results for the full year and fourth quarter ending December 31, 2021 on February 24, 2022, at 4:00 p.m. ET. The press release will be accessible on the company’s website. An investor conference call is scheduled for February 25, 2022, at 8:00 a.m. ET, with a replay available until May 25, 2022. Assured Guaranty offers credit enhancement products for public finance and asset management services internationally.
Holly Horn has been appointed as the new Chief Surveillance Officer of Assured Guaranty Ltd. (NYSE:AGO), effective January 1, 2022. Concurrently, Jorge Gana is now the Deputy Chief Risk Officer, and Chris Gibbons will head Information Technology. Russell Brewer II transitions to Senior Advisor to the CEO. Notably, Horn has played a vital role in negotiating Puerto Rico’s bankruptcy issues, while Gana focuses on environmental aspects of ESG efforts. These changes reflect strategic leadership transitions aimed at strengthening the company's risk management and surveillance capabilities.
Assured Guaranty Ltd. reported third-quarter 2021 net income of $17 million ($0.22 per share), impacted by a $175 million loss from debt extinguishment. Despite the loss, the company achieved record highs in adjusted operating income at $34 million ($0.45 per share) and shareholders’ equity at $88.42 per share. The insurance segment saw a significant increase in adjusted operating income of 164% year-over-year, reaching $214 million, driven by favorable loss developments. The firm returned $156 million to shareholders, including $140 million in share repurchases.
Assured Guaranty Ltd. (NYSE:AGO) declared a quarterly dividend of $0.22 per common share, payable on December 1, 2021. Shareholders on record by the close of business on November 17, 2021 will receive this payment. The company operates from location value="LC/bm"Bermuda and offers credit enhancement products across U.S. and international markets, as well as asset management services. This consistent dividend reflects the company's commitment to returning value to shareholders.