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Assured Guaranty Ltd (AGO.N)

AGO.N on New York Stock Exchange

37.88USD
20 Oct 2017
Change (% chg)

$0.14 (+0.37%)
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$37.74
Open
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$37.86
Volume
198,599
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Latest Key Developments (Source: Significant Developments)

Assured Guaranty ‍files adversary complaint in federal district court in Puerto Rico
Tuesday, 8 Aug 2017 09:09am EDT 

Aug 8 (Reuters) - Assured Guaranty Ltd :Assured Guaranty Ltd - ‍files adversary complaint "challenging" PREPA's failure to remit special revenue bond collateral for payment of its bonds​.Assured Guaranty Ltd - two assured guaranty bond insurance units filed an adversary complaint in federal district court in Puerto Rico.  Full Article

Assured Guaranty Q2 earnings per share $1.24
Wednesday, 2 Aug 2017 04:20pm EDT 

Aug 2 (Reuters) - Assured Guaranty Ltd ::Assured Guaranty Ltd. Reports results for second quarter 2017.Q2 non-gaap operating earnings per share $1.16.Q2 earnings per share $1.24.Q2 earnings per share view $0.63 -- Thomson Reuters I/B/E/S.Assured Guaranty Ltd - gross written premiums for q2 2017 were $79 million representing increases of 119% over q2 2016.  Full Article

Assured Guaranty responds to failure of Puerto Rico oversight board to comply with PROMESA on PREPA's RSA
Wednesday, 28 Jun 2017 03:43pm EDT 

June 28 (Reuters) - Assured Guaranty Ltd ::Assured guaranty responds to failure of Puerto Rico oversight board to comply with PROMESA on prepa’s rsa.Assured guaranty ltd says will exercise its rights and remedies as guarantor of prepa special revenue bonds.Assured guaranty - payments to holders of prepa bonds insured by assured guaranty will continue to be paid without interruption for the life of the bonds.  Full Article

Assured Guaranty takes step toward combining European subsidiaries
Monday, 26 Jun 2017 03:33pm EDT 

June 26 (Reuters) - Assured Guaranty Ltd ::Assured Guaranty takes step toward combining European subsidiaries.Assured Guaranty Ltd - ‍result of planned combination will be merger of AGLN, AGUK and CIFG EU with and into AGE, with AGE as surviving entity​.Assured Guaranty Ltd - acquired 3 companies, Assured Guaranty (London) Plc, Assured Guaranty (UK) Plc and CIFG Europe Sa.Upon merger, obligations and bonds insured by AGLN, AGUK and CIFG EU will become insured obligations of AGE.  Full Article

Assured Guaranty Q1 earnings per share $2.49
Thursday, 4 May 2017 05:16pm EDT 

May 4 (Reuters) - Assured Guaranty Ltd :Assured Guaranty Ltd. reports results for first quarter 2017.Q1 non-GAAP operating earnings per share $2.14.Q1 earnings per share $2.49.Q1 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Qtrly net investment income $122 million versus $99 million.Q1 total revenues $527 million versus $245 million.  Full Article

Assured Guaranty comments on modification of PREPA restructuring support agreement
Thursday, 6 Apr 2017 05:19pm EDT 

Assured Guaranty Ltd - : Assured Guaranty comments on modification of PREPA restructuring support agreement . Believe oversight board should "promptly facilitate title VI execution under promesa of modified RSA" . Similar to previous version of RSA, Assured Guaranty will extend maturity on relending bonds purchased in 2016 . Similar to previous version of RSA, Assured Guaranty will commit to purchase $18 million of relending bonds in July 2017 .Similar to previous version of RSA, Assured Guaranty will provide $120 million of principal payment deferrals in 2018 through 2023.  Full Article

Assured Guaranty reports qtrly earnings per share $1.49
Thursday, 23 Feb 2017 05:08pm EST 

Assured Guaranty Ltd : Assured Guaranty Ltd reports results for fourth quarter 2016 and full year 2016 . Q4 non-GAAP operating earnings per share $1.05 . Q4 earnings per share $1.49 . Q4 earnings per share view $0.68 -- Thomson Reuters I/B/E/S . Assured Guaranty Ltd qtrly total revenues $470 million versus $775 million . Assured Guaranty Ltd qtrly gross written premiums (GWP) $83 million versus $87 million . Q4 revenue view $269.8 million -- Thomson Reuters I/B/E/S .Assured Guaranty Ltd qtrly net earned premiums $ 236 million versus $192 million.  Full Article

Assured Guaranty to acquire MBIA UK Insurance Limited
Thursday, 29 Sep 2016 06:30am EDT 

Assured Guaranty Ltd : Assured Guaranty to acquire MBIA UK Insurance Limited . AGC will deliver to MBIA all of notes issued in Zohar II 2005-1 transaction that AGC holds . Expect transaction to be accretive to assured Guaranty's earnings per share, operating shareholders' equity and adjusted book value .MBIA UK (Holdings) Limited, will transfer to AGC all of outstanding shares of MBIA UK plus $23 million (£18 million) in cash.  Full Article

Assured Guaranty Q2 operating earnings per share $1.03
Wednesday, 3 Aug 2016 04:19pm EDT 

Assured Guaranty Ltd : Q2 operating earnings per share $1.03 . Q2 earnings per share view $0.54 -- Thomson Reuters I/B/E/S . Assured guaranty ltd. Reports results for second quarter 2016 . Q2 earnings per share $1.09 . Total operating net earned premiums and credit derivative revenues in q2 2016 were $248 million, compared with $259 million in q2 2015 .Assured guaranty ltd qtrly net earned premiums $ 214 million versus $219 million.  Full Article

Assured Guaranty files motion to lift stay and challenge the Commonwealth’s Executive Orders Diverting PRHTA Pledged Toll Revenues
Thursday, 21 Jul 2016 08:50pm EDT 

Assured Guaranty Ltd : Assured guaranty files motion to lift stay and challenge commonwealth's executive orders diverting prhta pledged toll revenues not subject to clawback . Toll revenues are not subject to clawback for payment of commonwealth's general obligation debt under Puerto Rico constitution . Says is seeking to protect lien on pledged toll revenues that secures payment of prhta bonds . Seeks damages for value of toll revenues diverted & injunctive relief prohibiting defendants from taking any further action . Stands ready to work constructively with its insured Puerto Rico credits and Promesa oversight board .Investors owning Puerto Rico-related bonds insured by co will continue to receive full and timely payment of scheduled debt service.  Full Article

Assured Guaranty withdraws PREPA lawsuit in Hurricane Maria aftermath

Oct 13 Bond insurer Assured Guaranty Ltd said on Friday it voluntarily withdrew its lawsuit against Puerto Rico Electric Power Authority (PREPA) over the failure to apply pledged revenue to the payment of bonds because of the utility's need to focus on restoring the power grid damaged by Hurricane Maria.