Assured Guaranty (AGO) Stock News

Assured Guaranty (NYSE: AGO) has insured $600 million of Special Facilities Revenue Bonds for JFK New Terminal One (JFK NTO) project, as part of a larger $1.367 billion Series 2025 issuance. This marks AG's third transaction with JFK NTO, bringing their total insurance coverage to $2.2 billion out of the $5.9 billion bonds issued to date.

The bonds, issued by the New York Transportation Development Corporation, will benefit the JFK NTO consortium comprising Ferrovial Airports, JLC Infrastructure, Ullico Inc., and Carlyle. AG's coverage includes bonds due in 2038, 2043, 2045, 2060, and portions of term bonds due in 2050, 2055, and 2059. BofA Securities and Loop Capital Markets served as co-bookrunners, with Barclays as co-senior manager.

[ "Third successful transaction with JFK NTO demonstrates strong partnership and market confidence", "Total insurance coverage of $2.2 billion showcases significant market presence", "Diversified long-term bond portfolio spanning from 2038 to 2060" ]

Assured Guaranty (NYSE:AGO) announced that S&P Global Ratings has affirmed its insurance subsidiaries' AA financial strength ratings with a stable outlook. The rating agency highlighted AGO's robust capital position, which exceeds S&P's 'AAA' stress level requirements, and its well-diversified global underwriting strategy.

CEO Dominic Frederico emphasized the company's strong performance, noting that AGO has paid over $6 billion in net claims since 2007 while spending more than $6.5 billion on share repurchases and dividends. The company has also reduced its insured leverage by almost 60% during this period, demonstrating its commitment to maintaining excellent capital adequacy while expanding its global infrastructure and structured finance reach.

The Church Pension Fund (CPF) has announced two key leadership appointments to fill vacancies left by the late Very Rev. Sandye A. Wilson. Thomas W. Jones, founder and former senior partner of TWJ Capital LLC, has been elected to the Board of Trustees, while the Very Rev. Cynthia Briggs Kittredge has been elected as Vice Chair of the CPF Board.

Jones brings extensive financial experience from roles at Citigroup, TIAA-CREF, and currently serves on the boards of Assured Guaranty Ltd. (NYSE: AGO) and Jefferies Financial Group. Kittredge, Dean Emerita of the Seminary of the Southwest, has been serving on the CPF Board since 2022 and brings significant theological and academic expertise to her new role as Vice Chair.

Assured Guaranty Europe (AGE) has announced a guarantee for a €96 million loan to finance the A-127 road project in Aragon, Spain. The 23-year fixed-rate loan, bearing a 3.65% coupon, was provided by Bankinter, Kutxabank, and Unicaja Banco. The project involves expanding a 24-kilometer roadway between Tauste and Ejea de los Caballeros, and renovating a 14-kilometer stretch between Tauste and Gallur. AGE, rated AA by S&P and AA+ by Kroll, will guarantee principal and interest payments for this public-private partnership infrastructure project, which aims to improve connectivity and safety in the region.

Assured Guaranty Ltd. (NYSE: AGO) reported strong Q1 2025 financial results with net income of $176 million ($3.44 per share), up 61% year-over-year. Adjusted operating income was $162 million ($3.18 per share), a 43% increase. The company achieved record levels in key metrics: shareholders' equity per share ($112.80), adjusted operating shareholders' equity per share ($117.40), and adjusted book value per share ($172.79). AGO dominated the U.S. municipal bond insurance market with 64% market share. The company returned $138 million to shareholders through $120 million in share repurchases and $18 million in dividends. A significant $103 million pre-tax gain was recognized from the successful LBIE litigation. Gross written premiums were $35 million, with total new business production (PVP) of $39 million.

Assured Guaranty (Europe) SA (AGE) has announced its first transaction in the European fibre sector, guaranteeing €75 million of notes issued by XpFibre Groupe. The notes, issued on April 30, 2025, are 13-year senior secured fixed-rate notes funded by a single U.S. investor to refinance existing debt. XpFibre Groupe is France's largest independent Fibre-to-the-Home operator. This marks AGE's first primary financial guarantee in French infrastructure since opening its Paris office in 2019. AGE, rated AA by S&P Global Ratings and AA+ by Kroll Bond Rating Agency, aims to expand its presence in the European fibre sector, targeting both primary and secondary markets.

Assured Guaranty Ltd. (NYSE:AGO) has announced the election of Antonio (Tony) Ursano, Jr. to its Board of Directors on May 2, 2025, expanding the board to 10 members. Ursano will serve on the Environmental and Social Responsibility, Finance and Risk Oversight committees.

Ursano brings significant insurance industry and investment banking expertise, having founded Insurance Advisory Partners, LLC in 2021. His previous roles include Group CFO of Hamilton Insurance Group, President of TigerRisk Partners, CEO of TigerRisk Capital Markets & Advisory, and Global Head of Financial Institutions Group at Banc of America Securities.

The appointment strengthens Assured Guaranty's leadership, as Ursano has been advising the company since its 2004 IPO through his various roles, including his current position at Insurance Advisory Partners.

Assured Guaranty Ltd. (NYSE:AGO) has announced a quarterly dividend payment of $0.34 per common share. The dividend will be paid on May 30, 2025, to shareholders of record as of May 16, 2025. Assured Guaranty is a Bermuda-based holding company that provides credit enhancement products to U.S. and international public finance, infrastructure, and structured finance markets. The company also maintains a presence in asset management through its ownership stake in Sound Point Capital Management, LP.

Assured Guaranty (NYSE:AGO) has scheduled the release of its first quarter 2025 financial results for May 8, 2025, after 4:00 p.m. Eastern Time. The company will host an investor conference call on May 9, 2025, at 8:00 a.m. Eastern Time, accessible via webcast or phone.

The financial results press release and Financial Supplement will be available in the Investor Information section of AssuredGuaranty.com. A replay of the conference call will be available for 90 days on the website and 30 days via telephone.