Last $23.84 USD
Change Today -0.27 / -1.12%
Volume 1.4M
As of 8:04 PM 05/21/13 All times are local (Market data is delayed by at least 15 minutes).

assured guaranty ltd (AGO) Snapshot

Open
$24.14
Previous Close
$24.11
Day High
$24.30
Day Low
$23.74
52 Week High
05/15/13 - $24.73
52 Week Low
06/4/12 - $11.17
Market Cap
4.5B
Average Volume 10 Days
2.4M
EPS TTM
$3.75
Shares Outstanding
189.8M
EX-Date
05/20/13
P/E TM
6.4x
Dividend
$0.40
Dividend Yield
1.60%
Current Stock Chart for ASSURED GUARANTY LTD (AGO)

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assured guaranty ltd (AGO) Details

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers insurance that protect holders of debt instruments and other monetary obligations from defaults in scheduled payments, including scheduled interest and principal payments. The company insures various securities, including taxable and tax-exempt obligations issued by the United Sates state or municipal governmental authorities, and utility districts or facilities; notes or bonds issued to finance international infrastructure projects; and asset-backed securities issued by special purpose entities. It also insures and reinsures various types of the United States public finance obligations, such as general obligation, tax-backed, municipal utility, transportation, healthcare, higher education, housing revenue, infrastructure, investor-owned utility, and other public finance bonds; and various types of non-United States public finance obligations comprising infrastructure projects and other projects, such as regulated utilities, pooled infrastructure obligations, and other public finance obligations. In addition, the company insures and reinsures various types of the United States and non-United States structured finance obligations, including pooled corporate obligations, residential mortgage-backed securities, financial products, structured credit securities, consumer receivables securities, commercial mortgage-backed securities, commercial receivables securities, insurance securitization securities, and other structured finance securities. Assured Guaranty Ltd. markets its credit protection products directly to issuers and underwriters of public finance, and infrastructure and structured finance securities, as well as to investors in debt obligations. The company was founded in 2003 and is based in Hamilton, Bermuda.

319 Employees
Last Reported Date: 03/1/13
Founded in 2003

assured guaranty ltd (AGO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $4.2M
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $1.1M
Chief Operating Officer
Total Annual Compensation: $1.1M
Chief Surveillance Officer
Total Annual Compensation: $1.1M
General Counsel and Secretary
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2012.

assured guaranty ltd (AGO) Key Developments

Assured Guaranty Ltd. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2013

Assured Guaranty Ltd. reported consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported loss before income taxes of $212 million against $696 million a year ago. Net loss was $144 million or $2.65 per diluted share compared to $483 million or $0.46 per diluted share. Operating income was $260 million against $71 million a year ago. Total gross written premiums were $17 million against $88 million a year ago. On Non GAAP basis, revenue was $390 million, income before income taxes was $351 million and net income was $260 million or $194.6 diluted per share against revenue of $460 million, income before income taxes was $87 million and net income was $71 million or $186.2 diluted per share a year ago. Net earned premiums were $248 million against $194 million a year ago. Net investment income was $94 million against $98 million a year ago. The main drivers of the decrease in GAAP net loss was the benefit attributable to the UBS agreement and the lower non-economic net unrealized fair value losses, which result primarily from the narrowing of credit spreads of company’s insurance subsidiaries. Net earned premiums increased due primarily to higher accelerations.

Assured Guaranty Ltd. Declares Quarterly Dividend Payable on June 5, 2013

Assured Guaranty Ltd. declared a quarterly dividend of $0.10 per common share. The dividend is payable on June 5, 2013 to shareholders of record at the close of business on May 22, 2013.

Assured Guaranty Ltd. Announces Management Appointments

Assured Guaranty Ltd. announced that Mr. Robin Monro-Davies has been elected Chairman of the Board of Directors; he replaces Mr. Walter Scott, who is retiring. Mr. Simon W. Leathes has been elected an independent director. Mr. Monro-Davies has been an Assured Guaranty Ltd. director since 2005. From 1997 until his retirement in 2001, he was Chief Executive Officer of Fitch Ratings. He is also an independent director of the Company's U.K. insurance subsidiaries, Assured Guaranty (Europe) Ltd. and Assured Guaranty (UK) Ltd.

 

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Industry Analysis

AGO

Industry Average

Valuation AGO Industry Range
Price/Earnings 10.4x
Price/Sales 4.0x
Price/Book 1.0x
Price/Cash Flow 10.2x
TEV/Sales 2.5x
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