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Last $27.87 USD
Change Today -0.17 / -0.61%
Volume 1.6M
AGO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

assured guaranty ltd (AGO) Key Developments

Assured Guaranty Seeks Acquisitions

Assured Guaranty Ltd. (NYSE:AGO) is looking for acquisitions. Rob Bailenson, Chief Financial Officer of Assured Guaranty, states, "We are well-positioned to continue our share repurchase program under the current authorization, grow our future revenue stream whether it's for a new business, reassumptions or further acquisitions and pursue loss mitigation opportunities that arrive."

Assured Guaranty Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Assured Guaranty Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $921 million against $649 million a year ago. Operating income was $81 million or $0.50 diluted per share against $134 million or $0.73 diluted per share a year ago. Net earned premiums were $158 million against $182 million a year ago. Net investment income was $102 million against $107 million a year ago. Income before income taxes was $756 million against $489 million a year ago. Net income was $532 million or $3.28 diluted per share compared with $349 million or $1.90 diluted per share a year ago. As on date, adjusted book value was $53.66 against $49.58 per share a year ago. Total gross written premiums were $10 million against $58 million a year ago. For the year, the company reported total revenue of $1,994 million against $1,608 million a year ago. Operating income was $491 million or $2.83 diluted per share against $609 million or $3.25 diluted per share a year ago. Net earned premiums were $570 million against $752 million a year ago. Net investment income was $403 million against $393 million a year ago. Income before income taxes was $1,531 million against $1,142 million a year ago. Net income was $1,088 million or $6.26 diluted per share compared with $808 million or $4.30 diluted per share a year ago. Non-GAAP operating income was $491 million, compared with operating income for fiscal year 2013 of $609 million. The decrease in operating income was primarily due to lower net earned premiums and credit derivative revenues, offset in part by lower loss expense, and higher commutation gains. Net earned premiums and credit derivative revenues in fiscal year 2014 were $675 million, which is lower than fiscal year 2013 net earned premiums and credit derivative revenues of $932 million, primarily due to the scheduled amortization of the book of business and lower premium accelerations. Total gross written premiums were $104 million against $123 million a year ago.

Assured Guaranty Ltd. to Report Q4, 2014 Results on Feb 25, 2015

Assured Guaranty Ltd. announced that they will report Q4, 2014 results at 4:00 PM, US Eastern Standard Time on Feb 25, 2015

Assured Guaranty Ltd., Q4 2014 Earnings Call, Feb 26, 2015

Assured Guaranty Ltd., Q4 2014 Earnings Call, Feb 26, 2015

Assured Guaranty Ltd. to Terminate Robert B. Mills as Chief Operating Officer, Effective March 31, 2015

On February 4, 2015, Assured Guaranty Ltd. mutually agreed with Robert B. Mills, the company's current chief operating officer, that the position of chief operating officer would be eliminated, and as a result, Mr. Mills would separate from the company effective March 31, 2015. Because the company has decided to eliminate the position of chief operating officer, the company has determined to treat the separation of Mr. Mills from the company as a termination without cause for purposes of his compensation rights and the payments.

 

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Industry Analysis

AGO

Industry Average

Valuation AGO Industry Range
Price/Earnings 4.4x
Price/Sales 2.2x
Price/Book 0.8x
Price/Cash Flow 4.0x
TEV/Sales 1.1x
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