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.
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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.