Business Context and Reporting Period
Company: Assured Guaranty Ltd.
Filing Type: Form 8-K (Current Report)
Date of Report: November 20, 2009
Context: This filing serves to update a previously issued Third Quarter 2009 financial supplement (originally filed on November 17, 2009) and to disclose investor presentation materials made available under Regulation FD.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document acts as a procedural update referencing an attached exhibit (Exhibit 99.1) which contains the detailed financial data.
Material Changes and Clarifications
The primary purpose of this filing is to clarify specific tables within the Third Quarter 2009 financial supplement. The updated supplement replaces the previous version and specifically addresses:
- Estimated Net Unearned Premium Amortization and Estimated Net Future Installment Premiums.
- Financial Guaranty Direct U.S. RMBS Profile.
- Loss and Loss Adjustment Expenses.
Guidance, Outlook, and Disclosures
Regulation FD Disclosure: On November 20, 2009, the company made "Third Quarter 2009 Equity Investor Presentation" materials available on its website. These materials are incorporated by reference and may contain forward-looking statements or management commentary not detailed in the 8-K text itself.
Unusual Items: No unusual items are described in the text of this filing; the focus is strictly on the correction and update of prior financial disclosures.
Investor Verification Checklist
- Review the attached Exhibit 99.1 (Updated Third Quarter 2009 Financial Supplement) for the corrected numerical data regarding unearned premium amortization and loss expenses.
- Access the Third Quarter 2009 Equity Investor Presentation on the company website to understand management's current outlook and commentary.
- Compare the updated tables in Exhibit 99.1 against the November 17, 2009 filing to quantify the impact of the clarifications on the company's reported financial position.