September 29, 2016 7:54 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, including scheduled interest and principal 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. Assured Guaranty Municipal Corp. markets its credit protection products directly to issuers and...

31 West 52nd Street

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: 63
Chief Financial Officer
Age: 50
President of Assured Guaranty Re Ltd.
Age: 45
Chief Surveillance Officer
Age: 59
Chief Risk Officer
Age: 56
Compensation as of Fiscal Year 2016.

Assured Guaranty Municipal Corp Key Developments

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.

Assured Guaranty Municipal Corp Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Announces Impairment Loss for the First Quarter Ended March 31, 2016

Assured Guaranty Municipal Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net earned premiums of $111 million against $95 million a year ago. Net investment income was $64 million against $67 million a year ago. Income before income taxes was $104 million against $126 million a year ago. Net income attributable to the company was $68 million against $84 million a year ago. Net cash flows used in operating activities was $40 million against $6 million a year ago. Comprehensive income attributable to Assured Guaranty Municipal Corp. was at $92 million against $80 million reported last year. For the quarter, the company reported net impairment loss of $11 million against $2 million a year ago.

Assured Guaranty Municipal Corp. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2015

Assured Guaranty Municipal Corp. reported audited consolidated earnings results for the year ended December 31, 2015. For the period, the company reported total revenues of $856 million against $857 million a year ago. Income before income taxes was $655 million against $773 million a year ago. Net income attributable to company was $430 million against $512 million a year ago. Net cash flows provided by operating activities were $41 million against $462 million a year ago.

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Recent Private Companies Transactions

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