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) stands as the dominant force in municipal bond insurance, making its news essential for investors tracking the credit markets and public finance sectors. As the largest financial guaranty insurer by market share, developments at Assured Guaranty often reflect broader trends in municipal credit quality and infrastructure financing.
News coverage for Assured Guaranty typically centers on several key themes. Quarterly and annual earnings reports reveal premium production volumes, investment income trends, and the performance of the company's insured portfolio. These disclosures provide insight into municipal bond market activity and demand for credit enhancement products.
The company regularly announces new insurance transactions, including guarantees for U.S. municipal bonds, international infrastructure projects, and structured finance deals. These announcements indicate market conditions and the types of credits seeking insurance coverage. Large transactions in the hundreds of millions of dollars demonstrate the scale of the company's operations.
Credit rating actions from agencies such as Moody's, S&P, Fitch, and KBRA significantly impact Assured Guaranty's business, as the company's value proposition depends on maintaining high financial strength ratings. Rating affirmations and upgrades signal confidence in the insurer's claims-paying ability.
Investors also monitor news about capital management activities, including dividend declarations and share repurchase programs. These actions reflect management's assessment of capital adequacy and commitment to returning value to shareholders.
Coverage of distressed municipal credits and workout situations provides insight into Assured Guaranty's loss mitigation capabilities. The company's handling of complex restructurings demonstrates its expertise in protecting its balance sheet while fulfilling obligations to bondholders.
Assured Guaranty Ltd. (NYSE: AGO) announced it will release its financial results for Q1 ended March 31, 2023, on May 9, 2023, at 4:00 PM Eastern Time. The press release and Financial Supplement will be accessible in the Investor Information section of its website. The company will also host a conference call on May 10, 2023, at 8:00 AM Eastern Time, available via live webcast or by phone. A replay will be accessible three hours post-call for 90 days. Assured Guaranty offers credit enhancement products and asset management services to the public finance and structured finance markets globally. For more information, visit AssuredGuaranty.com.
Assured Guaranty (NYSE: AGO) announced a strategic agreement with Sound Point Capital Management, allowing Assured Guaranty to exchange its equity in AssuredIM for a 30% stake in the combined entity. This transaction positions the new company as the world's fifth-largest CLO asset manager, anticipating immediate accretion to earnings per share (EPS), return on equity (ROE), and book value per share (BVPS). Assured Guaranty will also invest $1 billion in alternative credit strategies, enhancing the diversification of its earnings. Completion is expected in Q3 2023, subject to regulatory approvals.
Assured Guaranty Ltd. (NYSE: AGO) reported its financial results for Q4 and FY 2022, showcasing a net income of $94 million, or $1.52 per share, in Q4, down from $263 million in Q4 2021. For FY 2022, net income was $124 million, or $1.92 per share. Despite total gross written premiums reaching $360 million, the insurance segment's adjusted operating income fell to $66 million, a significant decrease from $277 million in Q4 2021. The company returned $567 million to shareholders, consisting of share repurchases and dividends. Meanwhile, the asset management segment faced a $3 million adjusted operating loss with total AUM at $17.464 billion.
Assured Guaranty Ltd. (NYSE:AGO) has launched a new indirect subsidiary, AG Analytics, aimed at enhancing access to municipal credit analytics. This fintech platform targets asset management firms, banks, insurance companies, and municipal advisors, aiming to provide superior data solutions compared to existing fragmented resources. Justin Land will serve as CEO of AG Analytics. The platform will feature tools analyzing obligor level risk, helping the industry streamline data-intensive analysis. Assured Guaranty emphasizes its extensive experience and market relationships to position AG Analytics as an industry leader in municipal finance technology.
Assured Guaranty Ltd. (NYSE:AGO) has announced a quarterly dividend of
The dividend is scheduled to be paid on
Assured Guaranty UK Limited (AGUK) announced its guarantee of principal and interest payments on a £210 million bond issued by City Property Glasgow (Operations SL3) Ltd. This marks the second collaboration with Glasgow City Council following a £195 million issuance in 2019. The 29-year fixed-rate bond, rated AA by S&P, was issued on February 20, 2023, to finance a long-term sale and leaseback transaction. AGUK’s guarantee provides a tailored financing solution benefiting both the council and investors. This transaction demonstrates AGUK’s commitment to cost-effective financing options for UK councils.
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