Assured Guaranty (AGO) Misses Q1 EPS by 4c
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Assured Guaranty Ltd. Reports Results for First Quarter 2021
May 6, 2021 4:55 PM EDTGAAP Highlights
Net income attributable to Assured Guaranty Ltd. was $11 million, or $0.14 per share,(1) for first quarter 2021. This includes a $13 million after-tax write-off of an intangible asset attributable to the insurance licenses of Municipal Assurance Corp. (MAC) as a result of an internal organizational restructuring. Shareholders equity attributable to Assured Guaranty Ltd. per share was $84.67 as of March 31, 2021, the second highest ever reported.Non-GAAP Highlights
Adjusted operating income(2) was $43 million, or $0.55 per share, for first quarter 2021. This also includes a $13 million after-tax write-off of the MAC insurance... More