Assured Guaranty (AGO) Misses Q3 EPS by 39c

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Assured Guaranty Ltd. Reports Results for Third Quarter 2021

November 4, 2021 4:17 PM EDT

Debt Issuances and Redemptions

Issued $400 million of 3.6% senior notes due in 2051, in addition to the $500 million of 3.15% senior notes due in 2031 that were issued in second quarter 2021. Redeemed $600 million of long-term debt in third quarter 2021 with interest rates between 5.000% and 6.875%.

GAAP Highlights

Net income attributable to Assured Guaranty Ltd. was $17 million, or $0.22 per share,(1) for third quarter 2021, including a $175 million pre-tax ($138 million after-tax) loss on debt extinguishment resulting from the voluntary early redemption of certain senior notes. Shareholders equity attributable to Assured Guaranty Ltd. per share was $88.42 as of... More