Assured Guaranty rises after Q3 profit beats

Assured Guaranty

12/11/2024 16:59

** Insurer Assured Guaranty's  AGO.N  shares rise as much as
6.6%, last up 3% at $92.29
    ** Company on Monday posted Q3 adj profit of $2.42/shr,
beating est of $1.35/shr - LSEG
    ** Assured Guaranty's insurance segment's adj operating
income in Q3 jumped to $162 mln, driven by a favorable loss
provision, from $59 mln a year earlier
    ** AGO offers municipal bond and financial guaranty
insurance to infrastructure and structured financing sectors
    ** Company's Q3 U.S. public finance gross written premiums
rose to $35 mln from $29 mln a year earlier
    ** As of last close, company's shares up 19.7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))