Assured Guaranty Ltd. · NYSE:AGO
Assured Guaranty — Shareholder Meeting (April 2018)
13 slides from Assured Guaranty's shareholder meeting presentation, Apr 25, 2018
Slide 1: Schedule 14A Proxy Statement
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy
Slide 2: Notice of Annual General Meeting and Internet Availability of Proxy Materials
(1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and
Slide 3: Supplemental Information Regarding Proposal No. 2
ASSURED GUARANTY LTD. 30 Woodbourne Avenue Hamilton HM 08 Bermuda April 24, 2018 Annual General Meeting May 2, 2018 Supplemental Information Regarding Proposal No. 2 (Advisory Approval of Executive Compensation) Assured Guaranty Ltd. (together with its subsidiaries, "Assured Guaranty") is filing the
Slide 4: Embrace Possibilities, Invest in Certainties: Proxy Statement Supplement
EMBRACE POSSIBILITIES, INVEST IN CERTAINTIES April 24, 2018Proxy Statement Supplement The information herein supplements the proxy statement of Assured Guaranty Ltd., dated March 21, 2018, which we refer to as the Proxy Statement, furnished to its shareholders in connection with its Annual General M
Slide 5: Forward-Looking Statements
• This proxy statement supplement contains information that includes or is based upon forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements give the expectations or forecasts of future events of Assured Guaranty Ltd. (AGL) a
Slide 6: Non-GAAP Financial Measures
Non-GAAP Financial Measures This proxy statement supplement references financial measures that are not determined in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP), and are identified as core, operating, PVP or non-GAAP. Although these non-GAAP f
Slide 7: Compensation Committee Considered the Unique Earnings Model of Financial Guaranty Industry
• The Compensation Committee considered the unique earnings model of the financial guaranty industry in designing its five financial performance measures to evaluate the performance of our executive officers – When a financial guarantor writes a new financial guaranty policy, it does not earn the fu
Slide 8: Financial Performance Measures Definitions
• Core operating shareholders’ equity per share – This is our equity concept, and excludes non-economic fair value adjustments as well as the impact of consolidating FG VIEs, on a per share basis (which is the basis relevant to our shareholders) • Core ABV per share – This is our book value concept,
Slide 9: We Have Consistently Created Value Over the Last Five Years
We Have Consistently Created Value In Our Company Over the Last Five Years 100 120 140 160 180 200 220 240 260 280 300 30 35 40 45 50 55 60 65 70 75 80 2013 2014 2015 2016 2017 PV P ($ in m ill io ns ) Co re M ea su re P er S ha re ($ p er s ha re ) Financial Performance Core Operating Shareholders'
Slide 10: Capital Deployment and Key Actions 2013-2017
2013 • Returned $264 million through share repurchases • Established Municipal Assurance Corp. • Entered into RMBS agreement where others paid or agreed to pay $700 million (gross of reinsurance) 2014 • Reassumed $1.2 billion of previously ceded business • Returned $590 million through share repurch
Slide 11: Our Share Price Has Been Heavily Influenced By Events in Puerto Rico
Our Share Price Has Been Heavily Influenced By Events in Puerto Rico, Especially Hurricane Maria PR Says Debt is Unpayable PR Governor Questions RSA Hurricanes Harvey and Maria Monthly Comparison of AGO Share Prices, PR GO Bond Prices and S&P 500 Index 1,800 2,000 2,200 2,400 2,600 2,800 15 20 25 30
Slide 12: 2017 Accomplishments
• Our PVP production, at $289 million, was the highest it has been since 2010, and with $66 million of PVP from non- U.S. public finance markets, we reestablished ourselves in those markets • We returned $571 million to our shareholders through repurchases of our Common Shares and dividends • We com
Slide 13: Assured Guaranty Contacts
9 Proxy Statement Supplement April 24, 2018 Assured Guaranty Contacts: Robert Tucker Senior Managing Director, Investor Relations and Corporate Communications Direct: 212.339.0861 rtucker@agltd.com Andre Thomas Managing Director, Equity Investor Relations Direct: 212.339.3551 athomas@agltd.com