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. reports news about its financial guaranty, asset management and reinsurance activities as a Bermuda-based holding company traded on the NYSE under AGO. Through subsidiaries, the company provides credit enhancement products for U.S. and non-U.S. public finance, infrastructure and structured finance markets.
Recurring updates include quarterly and annual results, financial guaranty segment production, shareholders’ equity and adjusted book value metrics, common-share dividends, share repurchases, and guarantee transactions such as debt service reserve or financial guarantees in infrastructure markets. Company releases also cover its ownership interest in Sound Point Capital Management affiliates and its annuity reinsurance business through Assured Life Reinsurance Ltd.
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.
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.