July 27, 2017 7:13 PM ET

Insurance

Company Overview of Assured Guaranty Municipal Corp.

Company Overview

Assured Guaranty Municipal Corp., together with its subsidiaries, provides financial guaranty insurance services in the United States and internationally. The company offers insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. It provides financial guaranty insurance for municipal bonds, public infrastructure financings, and structured financings, as well as for European insured transactions. The company also offers financial guarantees in the international public finance market; and financial guaranty reinsurance services. Assured Guaranty Municipal Corp. markets its products directly to issuers and underwriters of public fi...

1633 Broadway

New York, NY 10019

United States

Founded in 1985

Phone:

212-974-0100

Fax:

212-581-3268

Key Executives for Assured Guaranty Municipal Corp.

Chief Executive Officer, President and Director
Age: 64
Chief Financial Officer
Age: 51
President of Assured Guaranty Re Ltd.
Age: 46
Chief Surveillance Officer
Age: 60
Chief Risk Officer
Age: 57
Compensation as of Fiscal Year 2017.

Assured Guaranty Municipal Corp. Key Developments

Assured Guaranty Municipal Corp Reports Un-Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

Assured Guaranty Municipal Corp. reported un-audited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company total revenues of $222 million $184 million, income before income taxes of $170 million compared to $104 million, net income attributable to the company of $115 million compared to $38 million, net cash provided by operating activities of $113 million compared to net cash used in operating activities of $40 million for the last year.

Assured Guaranty Municipal Corp. Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2016

Assured Guaranty Municipal Corp. reported audited consolidated earnings results for the full year ended December 31, 2016. For the year, the company’s total revenues were $723 million compared to $856 million a year ago. Income before income taxes was $422 million compared to $655 million a year ago. Net income attributable to the company was $274 million compared to $430 million a year ago. Net cash flows provided by operating activities 25 million compared to $41 million a year ago.

Assured Guaranty Municipal Corp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Impairment Loss for the Second Quarter ended June 30, 2016

Assured Guaranty Municipal Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net earned premiums of $126 million against $107 million a year ago. Total revenue was $220 million against $243 million a year ago. Income before income taxes was $158 million against $170 million a year ago. Net income attributable to assured guaranty municipal corp. was $99 million against $110 million a year ago. For the six months, the company reported net earned premiums of $237 million against $202 million a year ago. Total revenue was $404 million against $403 million a year ago. Income before income taxes was $262 million against $296 million a year ago. Net income was $190 million against $214 million a year ago. Net income attributable to assured guaranty municipal corp. was $167 million against $194 million a year ago. Net cash used in operating activities was $4 million against net cash flows provided by operating activities of $97 million a year ago. The company reported net impairment loss for the second quarter was $5 million against $10 million a year ago.

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