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July 29, 2015 7:58 AM ET

Insurance

Company Overview of Assured Guaranty Corp.

Company Overview

Assured Guaranty Corp. is a financial guarantor insuring both public finance and structured finance obligations primarily in the United States. The company underwrites guaranties on both new-issue and secondary-market U.S. municipal bonds and infrastructure transactions. The company is headquartered in New York, New York. Assured Guaranty Corp. is a subsidiary of Assured Guaranty Ltd.

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: 62
Chief Financial Officer and Director
Age: 49
Chief Operating Officer and Director
Age: 65
Chief Risk Officer and Director
Age: 55
Senior Managing Director of Public Finance
Compensation as of Fiscal Year 2015.

Assured Guaranty Corp. Key Developments

Assured Guaranty Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Impairment Loss for the Quarter Ended March 31, 2015

Assured Guaranty Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $137 million compared with negative total revenue of $101 million a year ago. Income before income taxes and equity in net earnings of investees was $116 million against loss before income taxes and equity in net earnings of investees was $132 million of prior year period. Net income was $87 million compared with net loss of $76 million a year ago. Net earned premiums were $13 million against $13 million of prior year period. Net cash flows provided by operating activities were $23 million against $52 million of prior year period. Net impairment loss for the quarter was $2 million versus $1 million of prior year period.

Assured Guaranty Corp. Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Assured Guaranty Corp. announced audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported net income of $499 million on total revenues of $757 million compared to net income of $128 million on total revenues of $181 million of prior year period. Income before income taxes and equity in net earnings of investees was $702 million against $156 million of prior year period. Net earned premiums were $52 million against $73 million of prior year period. Net cash flows provided by operating activities were $176 million against cash flows used in operating activities of $86 million of prior year period.

Assured Guaranty Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Assured Guaranty announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $223 million compared to $292 million a year ago. Net earned premiums were $14 million against $13 million of prior year period. Income before income taxes and equity in net earnings of investees was $212 million against $287 million of prior year period. Net income was $149 million compared to $199 million a year ago. For the nine months, the company reported negative total revenues of $181 million compared to negative total revenues of $28 million a year ago. Net earned premiums were $39 million against $57 million of prior year period. Income before income taxes and equity in net earnings of investees was $126 million against loss of $37 million of prior year period. Net income was $114 million compared to $5 million a year ago. Net cash flows provided by operating activities were $113 million against cash flows used in operating activities of $84 million of prior year period.

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