Last $22.87 USD
Change Today -0.02 / -0.09%
Volume 2.9M
AGO On Other Exchanges
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

assured guaranty ltd (AGO) Key Developments

Assured Guaranty Seeks Acquisitions

Assured Guaranty Ltd. (NYSE:AGO) has filed a shelf registration on June 17, 2014. Assured Guaranty intends to use the net proceeds from the sale of the offered securities for general corporate purposes, which may include repayment of indebtedness, expansion of net underwriting capacity, payment of dividends, repurchase of common shares and acquisitions of companies or portfolios of business.

Assured Guaranty Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Assured Guaranty Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income was $42 million against loss of $144 million a year ago. The main driver of the increase was lower non-economic net unrealized fair value losses on credit derivatives. Operating income was $132 million against $260 million a year ago. Net income per diluted share was $0.23 against loss of $0.74 a year ago. Operating income per diluted share was $0.72 against $1.34 a year ago. Net earned premiums were $132 million against $248 million a year ago. Net investment income was $103 million against $94 million a year ago. Total revenues were $195 million against negative of $176 million a year ago. Income before income taxes was $69 million against loss of $212 million a year ago. Adjusted book value per share increased to $49.79 as at March 31, 2014 against $49.58 as at December 31, 2013. Non-GAAP net earned premiums were $149 million against $266 million a year ago. Non-GAAP net investment income was $99 million against $94 million a year ago. Non-GAAP total revenues were $297 million against $390 million a year ago. Non-GAAP income before income taxes was $180 million against $351 million a year ago. Non-GAAP income was $132 million against $260 million a year ago. Non-GAAP diluted earnings per share were $0.72 against $1.34 a year ago. ROE, excluding unrealized gain on investment portfolio was 3.4% against 13.1% a year ago. Operating ROE was 8.5% against 17.5% a year ago.

Assured Guaranty Ltd. Declares Quarterly Dividend, Payable on June 4, 2014

Assured Guaranty Ltd. declared a quarterly dividend of $0.11 per common share. The dividend is payable on June 4, 2014 to shareholders of record at the close of business on May 21, 2014.

Assured Guaranty Ltd. appoints Yukiko Omura as Independent Director to its Board of Directors

Assured Guaranty Ltd. announced that Yukiko Omura has been elected as an independent director to its Board of Directors. Omura will also serve on the Board's Finance Committee and Risk Oversight Committee. Omura is a non-executive member of the Board of Directors of GuarantCo Ltd. (Private Infrastructure Development Group), and an Advisory Board Member of Amatheon Agri Holding N.V., CG/LA Infrastructure LLC and Columbus Frontiers. She served as Vice President of the International Fund for Agricultural Development and, prior to that, as Executive Vice President of the Multilateral Investment Guarantee Agency of the World Bank Group.

Assured Guaranty Ltd. to Report Q1, 2014 Results on May 08, 2014

Assured Guaranty Ltd. announced that they will report Q1, 2014 results at 9:00 AM, SA Western Standard Time on May 08, 2014

 

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AGO

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Valuation AGO Industry Range
Price/Earnings 4.3x
Price/Sales 2.1x
Price/Book 0.8x
Price/Cash Flow 4.1x
TEV/Sales 1.2x
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