Profile
Sector:
Financial ServicesIndustry:
Insurance - SpecialtyCountry:
BermudaIPO:
23 April 2004Website:
http://www.assuredguaranty.comNext earnings report:
27 February 2025Last dividends:
21 August 2024Next dividends:
22 November 2024Price
regular market | 5 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
AGO Latest News
Assured Guaranty Ltd (NYSE:AGO ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Robert Tucker - Investor Relations Dominic Frederico - Deputy Chairman, President & CEO Robert Bailenson - Chief Operating Officer Benjamin Rosenblum - Chief Financial Officer Conference Call Participants Marissa Lobo – UBS Jordan Hymowiz - Philadelphia Financial Geoffrey Dunn - Dowling Partners Tommy McJoynt - KBW Giuliano Bologna - Compass Point Operator Good morning, and welcome to the Assured Guaranty Limited Third Quarter 2024 Earnings Conference Call. My name is Ezra, and I will be the operator for today's call.
Assured Guaranty (AGO) came out with quarterly earnings of $2.42 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $3.42 per share a year ago.
HAMILTON, Bermuda--(BUSINESS WIRE)--Assured Guaranty Ltd. (NYSE: AGO) (AGL and, together with its subsidiaries, Assured Guaranty or the Company) announced today its financial results for the three-month period ended September 30, 2024 (third quarter 2024). “Assured Guaranty has continued to build both shareholder and policyholder value this year,” said Dominic Frederico, President and CEO. “Shareholders' equity per share on September 30, 2024 was a record $111.09. Adjusted book value per share.
Assured Guaranty common stock offers a significant discount to intrinsic value, providing attractive returns for investors. AGO's management has effectively utilized share buybacks, maintaining profitability and capital strength despite economic challenges. AGO's strong Q2 results, low exposure to below investment grade assets, and potential for future growth make it an appealing investment opportunity.
The stock market is approaching a “show-me moment” as prospects for a soft landing for the U.S. economy are “not fully assured,” according to the chief investment officer of Morgan Stanley's wealth-management business.
Here is how Assured Guaranty (AGO) and Bank of America (BAC) have performed compared to their sector so far this year.
Assured Guaranty, the leading bond insurance company in the US, trades at a discount to intrinsic value despite a strong stock rally. The company has successfully navigated the Puerto Rico debt restructuring and remains in a strong financial position. Higher interest rates and increased bond insurance opportunities have boosted earnings, and the management team is expected to create more value for shareholders.
Here is how Assured Guaranty (AGO) and Bank of America (BAC) have performed compared to their sector so far this year.
HAMILTON, Bermuda--(BUSINESS WIRE)--Assured Guaranty Ltd. (NYSE: AGO) (together with its subsidiaries, Assured Guaranty) announced today that S&P Global Ratings (S&P) has affirmed the AA financial strength rating, financial enhancement rating, and issuer credit ratings on Assured Guaranty and its operating insurance subsidiaries. The outlooks remain stable. In its May 28, 2024 research update report, S&P noted Assured Guaranty's: “excellent capital adequacy and a very strong competi.
Here is a comparison of how Assured Guaranty (AGO) and CleanSpark (CLSK) have performed relative to their sector in the current year.
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What type of business is Assured Guaranty?
Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. It insures and reinsures various debt obligations, including bonds issued by the United States state governmental authorities; and notes issued to finance infrastructure projects. In addition, the company insures and reinsures various the U.S. public finance obligations, such as general obligation, tax-backed, municipal utility, transportation, healthcare, higher education, infrastructure, housing revenue, investor-owned utility, renewable energy, and other public finance bonds. Further, the company involved in insuring and reinsuring of non-U.S. public finance obligations comprising regulated utilities, infrastructure finance, sovereign and sub-sovereign, renewable energy bonds, pooled infrastructure, and other public finance obligations; and the U.S. and non-U.S. Structured finance obligations, including residential mortgage-backed securities, life insurance transactions, consumer receivables securities, subscription finance facilities, pooled corporate obligations, and financial products. Additionally, it offers specialty business, such as real estate properties, insurance securitizations, and aircraft residual value insurance (RVI) transactions; and asset management services comprising investment advisory services. It 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. Assured Guaranty Ltd. was incorporated in 2003 and is headquartered in Hamilton, Bermuda.
What sector is Assured Guaranty in?
Assured Guaranty is in the Financial Services sector
What industry is Assured Guaranty in?
Assured Guaranty is in the Insurance - Specialty industry
What country is Assured Guaranty from?
Assured Guaranty is headquartered in Bermuda
When did Assured Guaranty go public?
Assured Guaranty initial public offering (IPO) was on 23 April 2004
What is Assured Guaranty website?
https://www.assuredguaranty.com
Is Assured Guaranty in the S&P 500?
No, Assured Guaranty is not included in the S&P 500 index
Is Assured Guaranty in the NASDAQ 100?
No, Assured Guaranty is not included in the NASDAQ 100 index
Is Assured Guaranty in the Dow Jones?
No, Assured Guaranty is not included in the Dow Jones index
When was Assured Guaranty the previous earnings report?
No data
When does Assured Guaranty earnings report?
The next expected earnings date for Assured Guaranty is 27 February 2025