- Assured Guaranty (NYSE:AGO) Q4 non-GAAP operating income of $92M, or 87 cents per share, compares with $91M, or 77 cents per share, in the year-ago quarter.
- Includes loss of $3M, or 2 cents, related to consolidating financial guaranty variable interest entities.
- Q4 gross written premiums of $96M rose from $72M a year ago.
- Q4 present value of new business production increased to $96M from $77M a year ago.
- Q4 gross par written of $4.85B vs. $4.78B.
- “By writing new business in all of our financial guaranty markets--U.S. public finance, international infrastructure finance, and structured finance--and additionally reinsuring the preponderance of a legacy guarantor’s insured portfolio, we drove a 129% year-over-year increase in PVP to bring our new business production to a level not seen since 2008,” says President and CEO Dominic Frederico.
- Conference call on March 1 at 8:00 AM ET.
- Previously: Assured Guaranty beats by $0.11 (Feb. 28)