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Assured Guaranty Ltd. Message Board

  • edleighicpt edleighicpt Nov 2, 2007 1:10 PM Flag

    Is it really this easy....

    Classic, panic selling... Thank you

    Written Premiums (�PVP�), a non-GAAP financial measure, was $133 million in the financial guaranty direct segment, a 46% increase compared to the third quarter 2006. This is the highest financial guaranty direct quarterly PVP in the Company�s history.



    �The widening of credit spreads, which has caused the decline in the value of our in-force derivatives book, has also created significant demand and favorable pricing for new business,� stated Dominic Frederico, President and Chief Executive Officer. Accordingly, Assured also announced today that third quarter 2007 new business production as measured by the Present Value of Gross Written Premiums (�PVP�), a non-GAAP financial measure, was $133 million in the financial guaranty direct segment, a 46% increase compared to the third quarter 2006. This is the highest financial guaranty direct quarterly PVP in the Company�s history. The financial guaranty reinsurance segment�s PVP was $33 million, a 10% decline compared to the third quarter of 2006. The Company also achieved a quarterly record for consolidated PVP, which was $166 million, an increase of 30% from the prior year period.

 
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