AGO
Assured Guaranty Ltd
Assured Guaranty Ltd
$AGO reports strong financials with profitable operations & cash flows
Assured Guaranty Municipal Corp. delivered profitable operations and strong financials in 2022, according to their recently released financial statements. Credit protection products, such as financial guaranty insurance, were the primary drivers of their diversified insurance portfolio. PwC, the auditors, confirmed the reliability of the financial information, while temporary accounting relief provided by ASU 2020-04 allowed for the identification of insurance contracts, derivatives, and other financial instruments affected by LIBOR. The company disclosed that they are able to continue as a going concern for at least a year after the financial statements are issued.
7d ago
$AGO