Assured Guaranty Reports Third Quarter Results
Assured Guaranty Ltd. announced its financial results for the three-month period ended September 30, 2020.
Net income attributable to Assured Guaranty Ltd. was $86 million, or $1.02 per share, for third quarter 2020. Shareholders’ equity attributable to Assured Guaranty Ltd. per share reached a new record of $79.63 as of September 30, 2020.
“Assured Guaranty achieved the best direct new business production in more than a decade for both the third quarter and the first nine months of 2020, with PVP of $117 million and $264 million, respectively,” said Dominic Frederico, President, and CEO.
“Our insured par sold in the primary U.S. public finance market totaled $7.5 billion[5] during the third quarter, essentially double the amount we insured during last year’s third quarter, and we continued to lead the municipal bond insurance industry, with a 64% share of the highest quarterly insured new issue par volume since mid-2009. We also continued to execute our capital management and share repurchase strategy in the third quarter.”
