sector: Financials ·
industry: Insurance - Property & Casualty ·
As of
25 Nov 2009
22.90USD
Assured Guaranty Ltd. (Assured Guaranty) is a holding company that provides, through its operating subsidiaries, credit enhancement products to the public finance, structured finance and mortgage markets. The Company markets its products directly and through financial institutions, serving the United States and international markets. Assured Guaranty operates through wholly owned subsidiaries including Assured Guaranty US Holdings Inc., Assured Guaranty Re Ltd. (AG Re), and Assured Guaranty Finance Overseas Ltd. (AGFOL). Its principal operating subsidiaries are Assured Guaranty Corp. (AGC) and AG Re. Its operations include four principal business segments: financial guaranty direct, financial guaranty reinsurance, mortgage guaranty and other. The Company primarily conducts its business in the United States, Bermuda and the European community. In July 2009, the Company completed the acquisition of Financial Security Assurance Holdings Ltd. from Dexia SA.
BRIEF: For the six months ended 30 June 2009, Assured Guaranty Ltd's revenues decreased 90% to $73.6M. Net loss totaled $84.1M vs. a gain $372.1M. Revenues reflect a decrease in realized gains & other settlements on credit derivatives and the presence of unrealized losses on credit derivatives vs. a gain. Net loss reflects an increase in other operating expenses, higher profit commission expenses and the presence of FSAH acquisition-related expenses.
Assured Guaranty Ltd.
30 Woodbourne Avenue
Hamilton HM 08
P: +1441.2999375
F: +1441.2963379