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 declared a quarterly dividend of $0.22 per common share, marking a 10% increase from the previous $0.20 dividend declared on November 2, 2020. The new dividend will be payable on March 24, 2021, to shareholders recorded by the close of business on March 10, 2021. This reflects the company's commitment to returning value to shareholders while continuing to provide credit enhancement products across various financial markets.
Assured Guaranty Municipal Corp. and Assured Guaranty Corp. (subsidiaries of Assured Guaranty Ltd.) have conditionally supported a revised Plan Support Agreement (PSA) regarding Puerto Rico's financial challenges. This agreement is with the Financial Oversight and Management Board and other creditors, with tacit support from the Commonwealth of Puerto Rico. Assured Guaranty aims for a comprehensive resolution involving various Puerto Rican credits, including Highway and Transportation Authority bonds, ensuring legal rights are respected and expediting the Title III process.
Assured Guaranty Ltd. (NYSE:AGO) announced it will release its financial results for the full year and fourth quarter ended December 31, 2020, after 4:00 p.m. ET on February 25, 2021. Concurrently, a financial supplement will be accessible on the company's website. A conference call for investors is scheduled for 8:00 a.m. ET on February 26, 2021, with options for live and archived webcasts. The replay will be available until May 26, 2021. Assured Guaranty specializes in credit enhancement products and asset management services.
Kroll Bond Rating Agency (KBRA) has affirmed the AA+ ratings for Assured Guaranty Municipal Corp. (AGM) and its subsidiaries, alongside a AA rating for Assured Guaranty Corp. (AGC) and Municipal Assurance Corp. (MAC), all with Stable Outlooks. Key strengths include experienced management and a robust risk management framework. KBRA considers COVID-19 primarily a liquidity event for Assured Guaranty, with no first-time claims linked to credit stress as of November 6. The group boasts approximately $11 billion in claims-paying resources as of September 30, 2020.
Assured Guaranty Ltd. (NYSE: AGO) reported strong financial results for Q3 2020, achieving the best new business production in over a decade with a Present Value of Production (PVP) of $117 million. The company's net income increased to $86 million, compared to $69 million in Q3 2019. Significant growth was observed in the U.S. public finance market, where insured par volume doubled year-over-year to $7.5 billion, capturing 64% market share. However, adjusted operating income fell to $81 million, down from $107 million, mainly due to increased loss expenses attributed to Puerto Rico exposures.
Assured Guaranty has appointed Randall Gerardes as the new Managing Director for Public Finance Marketing, effective November 2, 2020. Reporting to Chris Chafizadeh, he aims to strengthen relationships in the municipal market. Gerardes, with over 20 years of experience, has returned after previously serving as an underwriter for six years. His extensive background includes roles at MBIA and AIG, as well as leading municipal strategy at Wells Fargo Securities. This strategic hire underscores Assured Guaranty's commitment to enhanced client service and market leadership.
Assured Guaranty Ltd. (NYSE:AGO) announced a quarterly dividend of $0.20 per common share, scheduled for payment on December 2, 2020. Shareholders of record as of the close of business on November 18, 2020 will be eligible for this dividend. The company operates as a holding firm based in Bermuda, providing credit enhancement products and asset management services to both domestic and international markets.
Assured Guaranty Ltd. (NYSE: AGO) will release its financial results for the third quarter ended September 30, 2020, on November 5, 2020, at 4:00 p.m. ET. The financial reports will be accessible on the Company’s Investor Information page. Additionally, a conference call for investors is scheduled for November 6, 2020, at 8:00 a.m. ET, with options for live and archived listening available. The replay of the call will be accessible through February 6, 2021. Assured Guaranty provides credit enhancement and asset management services in public finance and structured finance markets.