Assured Guaranty (AGO) Misses Q2 EPS by 8c

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Go back to Assured Guaranty (AGO) Misses Q2 EPS by 8c

Assured Guaranty Ltd. Reports Results for Second Quarter 2018

August 1, 2018 4:24 PM EDT

Shareholders' equity per share, non-GAAP operating shareholders' equity1 per share and non-GAAP adjusted book value1 per share reached new records at $60.52, $58.60 and $82.83, respectively. Gross written premiums and PVP1 reached 10-year records of $393 million and $454 million, respectively. Reinsurance assumption and commutation transaction with Syncora Guarantee Inc. (SGI Transaction) was closed on June 1, 2018.

- On a GAAP basis, the SGI Transaction generated gross written premiums of $330 million, plus $86 million in expected future credit derivative revenue, and included... More