October 01, 2016 7:59 AM ET

Insurance

Company Overview of Assured Guaranty Corp.

Company Overview

Assured Guaranty Corp., together with its subsidiaries, provides credit protection products to the United States and international public finance and structured finance markets. The company underwrites financial guaranties on new-issue and secondary-market U.S. municipal bonds and infrastructure transactions; and guaranties for structured financings, including asset-backed securities. Assured Guaranty Corp. markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors in such obligations in the United States, the United Kingdom, Australia, and Western Europe. The company is headquartered in New York,...

31 West 52nd Street

New York, NY 10019

United States

Phone:

212-974-0100

Fax:

212-581-3268

Key Executives for Assured Guaranty Corp.

Chief Executive Officer, President, Director, Chief Executive Officer of Assured Guaranty Ltd and President of Assured Guaranty Ltd
Age: 63
Chief Financial Officer and Director
Age: 50
Chief Risk Officer and Director
Age: 56
Senior Managing Director of Public Finance
Chief Credit Officer and Director
Age: 53
Compensation as of Fiscal Year 2016.

Assured Guaranty Corp. Key Developments

Assured Guaranty Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Assured Guaranty 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 $55 million net investment income of $19 million total revenues of $117 million income before income taxes and equity in net earnings of investee of $56 million net income of $54 million compared to net earned premiums of $79 million net investment income of $20 million total revenues of $245 million income before income taxes and equity in net earnings of investee of $142 million net income of $124 million for the same period a year ago. For the year to date, the company reported, net earned premiums of $102 million net investment income of $38 million total revenues of $142 million income before income taxes and equity in net earnings of investee of $31 million net income of $49 million compared to net earned premiums of $92 million net investment income of $39 million total revenues of $382 million income before income taxes and equity in net earnings of investee of $258 million net income of $211 million for the same period a year ago. Net cash flows provided by operating activities were $66 million against $29 million a year ago.

Assured Guaranty 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 Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net earned premiums of $47 million compared to $13 million a year ago. Net investment income was $19 million compared to $19 million a year ago. Total revenues were $25 million compared to $137 million a year ago. Loss before income taxes and equity in net earnings of investee was $25 million compared to income of $116 million a year ago. Net loss was $5 million compared to income of $87 million a year ago. Net cash flows used in operating activities were $77 million compared to net cash flows provided by operating activities of $23 million a year ago. Purchases of fixed-maturity securities was $77 million against $5 million a year ago. For the first quarter ended March 31, 2016, the company reported net impairment loss of $4 million compared to $2 million a year ago.

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

Assured Guaranty Corp. reported audited consolidated earnings results for the full year ended December 31, 2015. For the year, net earned premiums were $230 million against $52 million a year ago. Total revenues were $875 million against $757 million a year ago. Income before income taxes and equity in net earnings of investee was $585 million against $702 million a year ago. Net income was $448 million against $499 million a year ago. Net cash flows used in operating activities was $69 million against net cash flows provided by operating activities of $176 million a year ago.

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