May 23, 2018 1:39 PM ET

Insurance

Company Overview of Assured Guaranty Municipal Corp.

Company Overview

Assured Guaranty Municipal Corp. 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 reinsurance and second-to-pay financial guaranties on financial guaranties for the international public finance market. It markets its products directly to issuers, underwriters, and investor of public finance securities. The company was formerly...

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.

Chairman, President & CEO
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 Earnings Results for the Full Year Ended December 31, 2017

Assured Guaranty Municipal Corp. reported earnings results for the full year ended December 31, 2017. For the year, the company’s net earned premiums were $353 million compared to $446 million a year ago. Net investment income was $222 million compared to $242 million a year ago. Income before income taxes was $644 million compared to $427 million a year ago. Net income attributable to the company was $395 million compared to $274 million a year ago. Net cash flows provided by operating activities was $461 million compared to $32 million a year ago.

Assured Guaranty Municipal Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Reports Impairment Charges for the Third Quarter Ended September 30, 2017

Assured Guaranty Municipal Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total revenues of $428 million against $158 million a year ago. Income before income taxes was $272 million against $124 million a year ago. Net income attributable to Assured Guaranty Municipal Corp. was $178 million against $80 million a year ago. Net earned premiums was $96 million against $106 million a year ago. Net investment income was $53 million against $56 million a year ago. For the nine months, the company reported total revenues of $871 million against $565 million a year ago. Income before income taxes was $598 million against $386 million a year ago. Net income attributable to Assured Guaranty Municipal Corp. was $408 million against $247 million a year ago. Net cash flows provided by operating activities was $472 million against net cash flows used in operating activities of $18 million a year ago. Net earned premiums was $261 million against $343 million a year ago. Net investment income was $171 million against $185 million a year ago. For the for the third quarter ended September 30, 2017, the company reported net impairment loss of $11 million against $3 million a year ago.

Assured Guaranty Municipal Corp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Reports Impairment Loss for the Second Quarter Ended June 30, 2017

Assured Guaranty Municipal Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net earned premiums of $87 million against $126 million a year ago. Total revenue was $201 million against $222 million a year ago. Income before income taxes was $132 million against $159 million a year ago. Net income attributable to assured guaranty municipal corp. was $100 million against $100 million a year ago. For the six months, the company reported net earned premiums of $165 million against $237 million a year ago. Total revenue was $443 million against $407 million a year ago. Income before income taxes was $326 million against $262 million a year ago. Net income was $244 million against $190 million a year ago. Net income attributable to assured guaranty municipal corp. was $230 million against $167 million a year ago. Net cash flows provided by operating activities was $235 million compared to net cash used in operating activities of $1 million a year ago. The company reported net impairment loss for the second quarter was $5 million against $5 million a year ago.

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