Assured Guaranty reports subsidiary financials

Published 01/04/2025, 21:18
Assured Guaranty reports subsidiary financials

Today, Assured Guaranty Ltd. (NYSE:AGO), a Bermuda-based financial guaranty insurance company with a market capitalization of $4.4 billion and strong financial health according to InvestingPro analysis, disclosed the consolidated financial statements of its subsidiaries, Assured Guaranty Re Ltd. and Assured Guaranty Re Overseas Ltd., for the year ending December 31, 2024. The financial statements were made available in the Investor Information section of the company’s website.

The release of these financial statements provides transparency into the operations and financial condition of Assured Guaranty’s subsidiaries. The company, trading at a P/E ratio of 12.5 and maintaining a dividend yield of 1.54%, has demonstrated strong financial discipline with 13 consecutive years of dividend increases. Assured Guaranty Re Ltd.’s financials are attached as Exhibit 99.1, while Assured Guaranty Re Overseas Ltd.’s financials are provided as Exhibit 99.2 in the 8-K filing with the Securities and Exchange Commission (SEC).

As per standard protocol, the financial statements have been furnished under Item 2.02 of the 8-K form. These documents offer a detailed look at the subsidiaries’ financial performance over the past year, including their revenue streams, profitability, and overall financial health.

The disclosure aligns with Assured Guaranty Ltd.’s commitment to maintaining transparency with its investors and the wider market. The company, listed on the New York Stock Exchange under the ticker symbol (NYSE:AGO), is known for providing credit protection products to the public finance, infrastructure, and structured finance markets in the United States and internationally. InvestingPro data reveals management’s commitment to shareholder value through aggressive share buybacks, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other top US stocks.

Assured Guaranty Ltd. has not provided any additional commentary on the results or any forward-looking statements in conjunction with this release. The information provided is based on the SEC filing and is intended to keep investors and the public informed of the company’s financial status as of the end of the 2024 fiscal year.

The financial statements are a key resource for investors looking to understand the financial underpinnings of Assured Guaranty and its subsidiaries. They are also essential for analysts who track the company’s performance and assess its position within the surety insurance industry.

This news is based on a press release statement and the company’s recent SEC filing. For investors seeking deeper analysis, InvestingPro offers exclusive access to 8 additional ProTips and comprehensive financial metrics that provide valuable insights into Assured Guaranty’s market position and growth potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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