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 received an upgrade from Kroll Bond Rating Agency (KBRA), raising the financial strength rating of its subsidiary Assured Guaranty Corp. (AGC) from AA to AA+. The upgrade, announced on October 20, reflects AGC's strong capital position and effective management practices. Additionally, ratings for Assured Guaranty Municipal Corp. and its U.K. and European subsidiaries were affirmed at AA+, with stable outlooks. The ratings reflect robust claims-paying resources and a high penetration in the municipal bond market.
Assured Guaranty Ltd. (NYSE: AGO) will release its financial results for Q3 2021 on November 4, 2021, at 4:00 p.m. ET. The financial supplement will be available online. An investor conference call is scheduled for November 5, 2021, at 8:00 a.m. ET, accessible via live and archived webcast on the company's website. A replay will be available until February 3, 2022. Assured Guaranty provides credit enhancement products in public finance and structured finance sectors.
Assured Guaranty Ltd. (NYSE: AGO) announced a $400 million issuance of 3.600% Senior Notes due 2051 on August 20, 2021. The funds will be utilized to redeem existing higher-coupon debt securities. On September 27, 2021, the company will redeem $400 million in outstanding notes, including $100 million of 5.60% Notes due July 15, 2103, $130 million of 6.25% Notes due November 1, 2102, and $170 million of 5.000% Senior Notes due July 1, 2024. The redemption prices will include accrued interest up to the redemption date.
Assured Guaranty UK Limited (AGUK) has guaranteed principal and interest payments on £113 million in bonds issued by ULiving@Essex3 LLP to finance new student accommodation at the University of Essex. The 45-year bonds, expected to receive an AA rating from S&P Global Ratings, were sold to UK investors. This marks AGUK's third successful financing for the university. Construction will be managed by Bouygues (U.K.) Limited, and the project will enhance on-campus accommodations by adding 1,262 bed spaces. AGUK's guarantee aims to provide efficient financing and low capital charges for investors.
Assured Guaranty Ltd. (NYSE: AGO) reported strong financial results for Q2 2021, with record highs in key shareholder metrics. Shareholders' equity reached $6.5 billion, and adjusted operating income rose to $120 million, up from $119 million year-over-year. Insurance production surged, with gross premiums written totaling $171 million and present value of premiums (PVP) at $167 million. Asset Management saw AUM increase to $17.6 billion, reflecting strong growth in fee-earning assets. Despite a decline in net income to $98 million from $183 million in Q2 2020, the company maintains a stable outlook with an AA rating from S&P Global.
Assured Guaranty Ltd. (NYSE:AGO) has declared a quarterly dividend of $0.22 per common share. This dividend is payable on September 1, 2021, to shareholders of record as of the close of business on August 18, 2021. Assured Guaranty is a Bermuda-based holding company that provides credit enhancement products in public finance, infrastructure, and structured finance markets, along with asset management services.
Assured Guaranty Ltd. (NYSE: AGO) announced that it will release its second quarter financial results for the period ending June 30, 2021, on August 5, 2021, at 4:00 p.m. ET. The results and a Financial Supplement will be available on the Company's website. Subsequently, a conference call for investors is scheduled for August 6, 2021, at 8:00 a.m. ET, accessible via live webcast or phone. A replay of the call will be available until November 6, 2021. Assured Guaranty provides credit enhancement products and asset management services in public finance and other sectors.
Assured Guaranty Ltd. (NYSE: AGO) has received an affirmation of its AA financial strength ratings from S&P Global Ratings for its bond insurance subsidiaries, with stable outlooks. The ratings highlight Assured's excellent capital, liquidity, and a strong competitive position. S&P noted a well-diversified global underwriting strategy and a positive risk management culture. CEO Dominic Frederico emphasized the company's resilience and strong financial standing, particularly during the COVID-19 pandemic.
Assured Guaranty Ltd. (NYSE: AGO) announced a full redemption of its 6.875% Quarterly Interest Bond due December 15, 2101, and a partial redemption of its 6.25% Note due November 1, 2102, both effective July 9, 2021. The full redemption involves a principal amount of $100 million at 100% of the price, along with accrued interest. The partial redemption also consists of a $100 million principal amount at the same price. This move is part of Assured Guaranty's strategy to manage its debt and optimize its financial position.
Assured Guaranty (Europe) SA has guaranteed principal and interest payments on €125 million of bonds issued on May 21, 2021, by Anselma Issuer SA, enhancing its presence in Spain's renewable energy sector. The bonds, rated AA by S&P, leverage favorable long-term interest rates and are linked to 18 photovoltaic solar plants, benefiting from Spain's 2013 regulatory framework. This transaction marks AGE's fifth renewable deal in Spain within two years, showcasing growth despite challenging market conditions. AGE is rated AA by S&P and AA+ by Kroll Bond Rating Agency.