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5/10/12 7:37 pm EDT
- First quarter 2012 operating income1 was $71.2 million, or $0.38 per share, including gains on re-assumptions, and losses on Greek exposures.
- First quarter 2012 net loss was $483.0 million, or $2.65 per share, driven primarily by the narrowing of the Company’s own credit spreads, which represent non-economic changes in fair value2.
- Assured Guaranty entered into an RMBS settlement agreement with Deutsche Bank.
- Total U.S. public finance PVP1 increased 54.1% compared with first quarter 2011. Direct U.S. public finance par written increased 37.3% compared with first quarter 2011.
HAMILTON, Bermuda--(BUSINESS WIRE)--RMBS Settlement with Deutsche Bank: Assured Guaranty Ltd. (NYSE:AGO) (“AGL” and, together with its subsidiaries, “Assured Guaranty” or the “Company”) announced today that it has reached a settlement with Deutsche Bank AG and certain of its affiliates (collectively, “Deutsche Bank”), resolving claims related to residential mortgage-backed securities (“RMBS”) transactions issued, underwritten or sponsored by Deutsche Bank that were insured bymore...
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2/28/12 6:01 pm EST
Contact Information
Ashweeta Durani
Vice President, Corporate Communications
1 212 408 6042 | 1 212 445 8702
Email