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.
Assured Guaranty Ltd. (NYSE: AGO) reported financial results for Q1 2021, highlighting key achievements. The company reached settlement agreements addressing over 93% of its Puerto Rico exposures. Shareholder equity measures hit new highs, with adjusted operating income at $43 million. The new business production generated $86 million of PVP, supported by strong U.S. public finance activity. The asset management segment benefited from a resurgence in the CLO market, doubling last year's management fees.
Assured Guaranty Ltd. (NYSE: AGO) has executed a plan support agreement (HTA/CCDA PSA) for settlement of insured exposure to Puerto Rico revenue bonds, agreed by multiple parties on April 12, 2021. This milestone aims to support Puerto Rico’s economic revitalization and concludes the Title III process. The agreement covers most of Assured Guaranty’s Puerto Rico exposures, ensuring investors are protected by unconditional guaranties on principal and interest payments. Forward-looking statements indicate risks related to the Title III plan confirmation and potential adverse developments in Puerto Rico.
Assured Guaranty Ltd. (NYSE:AGO) announced a quarterly dividend of $0.22 per common share, payable on June 2, 2021. Shareholders of record will be those noted at the close of business on May 19, 2021. Assured Guaranty operates as a Bermuda-based holding company, providing credit enhancement products and asset management services across public finance, infrastructure, and structured finance markets.
Assured Guaranty Ltd. (NYSE: AGO) announced the election of Michelle McCloskey, Lorin P.T. Radtke, and Courtney C. Shea to its Board of Directors, effective May 5, 2021, raising total board members to 13. The new directors will enhance the Board's diverse skill set, contributing to strategies for continued success. McCloskey brings 35 years in asset management, Radtke offers extensive experience from Goldman Sachs, and Shea has a strong background in public finance. Their insights are expected to support Assured Guaranty's growth in financial services and asset management.
Assured Guaranty Municipal Corp. (AGM), a subsidiary of Assured Guaranty Ltd. (NYSE: AGO), has privately participated in a guarantee for approximately 760 billion Colombian pesos (around US$ 209 million) of notes issued by Patrimonio Autónomo Montes de María. The notes, linked to the Unidad de Valor Real, will refinance a mini-perm loan for a Colombian toll road project and adhere to Social Bond Principles. Rated AA by S&P and AA+ by Kroll, AGM aims to enhance access to global debt markets for Colombian issuers.
Assured Guaranty Ltd. (NYSE: AGO) will release its financial results for Q1 ending March 31, 2021, on May 6, 2021, at 4:00 PM ET. The press release and Financial Supplement will be accessible on AssuredGuaranty.com. An investor conference call is scheduled for May 7, 2021, at 8:00 AM ET, available through a live webcast. A replay will be available until August 5, 2021. Assured Guaranty Ltd. specializes in providing credit enhancement products and asset management services in public finance and structured finance markets.
Assured Guaranty UK Limited (AGUK) has guaranteed £327 million in index-linked secured bonds issued by QAH Finance Plc, supporting the acquisition of a Credit Guarantee Loan linked to the Queen Alexandra Hospital PFI Project. The bonds, rated A2 (Stable) by Moody’s, reflect strong investor demand. AGUK possesses strong financial ratings, including AA from S&P and AA+ from Kroll. This strategic move not only secures principal and interest payments for investors but also may enhance AGUK's reputation in the financial markets.
Assured Guaranty Ltd. announced a framework agreement with the Financial Oversight and Management Board for Puerto Rico to settle its insured exposure related to the Puerto Rico Highway and Transportation Authority. This agreement is subject to definitive documentation, supporting the revised Puerto Rico General Obligation and Public Buildings Authority Plan Support Agreement. Assured Guaranty emphasizes its commitment to a consensual resolution of Puerto Rico's financial issues, aiming for a fair conclusion of the Title III process while protecting its legal rights.
Assured Guaranty Ltd. (AGO) reported its financial results for Q4 and FY 2020, achieving significant milestones despite market challenges. The company secured a 58% share in the bond insurance market and raised municipal PVP by 45% year-over-year. The repurchase of shares increased adjusted book value per share by $17.88, the highest since its IPO. However, adjusted operating income fell to $429 million in FY 2020 from $512 million in FY 2019, driven by increased loss expenses mainly linked to Puerto Rico. Investors should weigh these factors when considering AGO's stock.
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.