QUOTE AND NEWS
Forbes  May 5  Comment 
Assured Guaranty Ltd (NYSE: AGO) has been named as a Top 10 dividend-paying financial stock, according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among shares of financial companies, AGO...
Forbes  Apr 26  Comment 
“Outsiders: American Photography and Film, 1950s-1980s,” organized by and on exhibit through May 29 at Toronto’s AGO (Art Gallery of Ontario) celebrates a group of American photographers and filmmakers who took it upon themselves to show the...




 
TOP CONTRIBUTORS

Assured Guaranty Ltd. is a Bermuda-based holding company whose subsidiaries provide credit enhancement products to the capital markets through its three principal insurance subsidiaries: Assured Guaranty Corp., Assured Guaranty (UK) Ltd. and Assured Guaranty Re Ltd.

Assured Guaranty Corp., which began operations in 1988, is a Maryland-domiciled financial guaranty insurance company licensed in all 50 states, the District of Columbia and Puerto Rico. It is the company's principal direct financial guaranty company and is focused on the mortgage-backed, asset-backed, public finance, structured finance and structured credit markets. Assured Guaranty Corp. has insurer financial strength ratings of AAA from Standard & Poor’s, Aaa from Moody's Investors Service and AAA from Fitch Ratings.

Business and Financials

Assured Guaranty (UK) Ltd., the company's principal international direct financial guaranty company, is a financial guaranty insurer authorized and regulated by the Financial Services Authority of the United Kingdom. It is authorized to write insurance in the other 27 countries in the European Economic Area. Assured Guaranty (UK) Ltd. has insurer financial strength ratings of AAA from Standard & Poor’s, Aaa from Moody’s Investors Service and AAA

Assured Guaranty Re Ltd. is a Bermuda Class 3 insurer authorized to write general and long-term business, specializing in financial guaranty reinsurance. Assured Guaranty Re Ltd. has insurer financial strength ratings of AA from Standard & Poor’s and Fitch Ratings and Aa2 from Moody’s Investors Service.

Assured Guaranty (AGO) said late Thursday that second-quarter net income came in at $545.2 million, or $5.97 a share, up a lot from the same period a year earlier when the bond insurer made $32.8 million, or 47 cents a share. The big increase was driven mainly by $518.3 million in after-tax unrealized gains on credit derivatives. Operating income, which excludes such gains and losses, was $38.7 million, or 42 a share.


References

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