Assured Guaranty Ltd. Files Definitive Proxy Statement (DEF 14A)

Ticker: AGO · Form: DEF 14A · Filed: Mar 20, 2024 · CIK: 1273813

Assured Guaranty Ltd DEF 14A Filing Summary
FieldDetail
CompanyAssured Guaranty Ltd (AGO)
Form TypeDEF 14A
Filed DateMar 20, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$101, $106, $155, $62.26, $74.83
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Assured Guaranty, Corporate Governance, Shareholder Meeting

TL;DR

<b>Assured Guaranty Ltd. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 2, 2024.</b>

AI Summary

ASSURED GUARANTY LTD (AGO) filed a Proxy Statement (DEF 14A) with the SEC on March 20, 2024. Assured Guaranty Ltd. filed a DEF 14A form on March 20, 2024. The filing covers the period ending May 2, 2024. The company's principal executive offices are located at 30 Woodbourne Ave, 5th Floor, Hamilton, Bermuda. The company was formerly known as AGR Ltd. and AGC Holdings Ltd. The SIC code for the company is SURETY INSURANCE [6351].

Why It Matters

For investors and stakeholders tracking ASSURED GUARANTY LTD, this filing contains several important signals. This filing provides crucial information regarding executive compensation, board nominations, and other shareholder matters, which are essential for investors to make informed voting decisions. As a DEF 14A filing, it details the company's governance practices and financial reporting, offering insights into the company's strategic direction and management's alignment with shareholder interests.

Risk Assessment

Risk Level: low — ASSURED GUARANTY LTD shows low risk based on this filing. The filing is a routine proxy statement, indicating no immediate or significant new risks are being disclosed beyond standard corporate governance information.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions within the DEF 14A filing to understand potential impacts on shareholder value and corporate governance.

Key Numbers

  • 2024-05-02 — Reporting Period End Date (Conformed Period of Report)
  • 2024-03-20 — Filing Date (Filed as of Date)
  • 0001273813-24-000015 — Accession Number (SEC Filing Identifier)
  • 6351 — SIC Code (Standard Industrial Classification)

Key Players & Entities

  • ASSURED GUARANTY LTD (company) — Filer
  • AGR LTD (company) — Former Company Name
  • AGC HOLDINGS LTD (company) — Former Company Name
  • 30 WOODBOURNE AVE (company) — Business Address
  • HAMILTON (company) — Business Address City
  • 441-279-5700 (dollar_amount) — Business Phone

FAQ

When did ASSURED GUARANTY LTD file this DEF 14A?

ASSURED GUARANTY LTD filed this Proxy Statement (DEF 14A) with the SEC on March 20, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by ASSURED GUARANTY LTD (AGO).

Where can I read the original DEF 14A filing from ASSURED GUARANTY LTD?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ASSURED GUARANTY LTD.

What are the key takeaways from ASSURED GUARANTY LTD's DEF 14A?

ASSURED GUARANTY LTD filed this DEF 14A on March 20, 2024. Key takeaways: Assured Guaranty Ltd. filed a DEF 14A form on March 20, 2024.. The filing covers the period ending May 2, 2024.. The company's principal executive offices are located at 30 Woodbourne Ave, 5th Floor, Hamilton, Bermuda..

Is ASSURED GUARANTY LTD a risky investment based on this filing?

Based on this DEF 14A, ASSURED GUARANTY LTD presents a relatively low-risk profile. The filing is a routine proxy statement, indicating no immediate or significant new risks are being disclosed beyond standard corporate governance information.

What should investors do after reading ASSURED GUARANTY LTD's DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions within the DEF 14A filing to understand potential impacts on shareholder value and corporate governance. The overall sentiment from this filing is neutral.

How does ASSURED GUARANTY LTD compare to its industry peers?

Assured Guaranty Ltd. operates in the surety insurance industry, providing financial guarantees for various obligations.

Are there regulatory concerns for ASSURED GUARANTY LTD?

As a publicly traded company, Assured Guaranty Ltd. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

Industry Context

Assured Guaranty Ltd. operates in the surety insurance industry, providing financial guarantees for various obligations.

Regulatory Implications

As a publicly traded company, Assured Guaranty Ltd. is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

What Investors Should Do

  1. Analyze the executive compensation packages disclosed in the DEF 14A.
  2. Review any proposals or resolutions presented for shareholder vote.
  3. Examine the board of directors' composition and independence disclosures.

Key Dates

  • 2024-03-20: Filing Date — Definitive Proxy Statement filed
  • 2024-05-02: Reporting Period End — Period covered by the proxy statement

Year-Over-Year Comparison

This is the initial filing of the DEF 14A for the current reporting period, with no prior filing data available for direct comparison within this extract.

Filing Stats: 4,477 words · 18 min read · ~15 pages · Grade level 12.6 · Accepted 2024-03-20 08:40:59

Key Financial Figures

  • $101 — d book value per share* to new highs of $101.63, $106.54, and $155.92, respectively.
  • $106 — lue per share* to new highs of $101.63, $106.54, and $155.92, respectively. Our shar
  • $155 — * to new highs of $101.63, $106.54, and $155.92, respectively. Our share price rose
  • $62.26 — ely. Our share price rose over 20% from $62.26 at the end of 2022 to $74.83 at the end
  • $74.83 — r 20% from $62.26 at the end of 2022 to $74.83 at the end of 2023. Our total sharehold
  • $222 million — management business) also resulted in a $222 million pre-tax gain, net of expenses, in 2023,
  • $400 million — al measure we refer to as PVP*, of over $400 million for only the second time since 2009 (ex
  • $404 million — public finance market. Our total PVP of $404 million for 2023 was nearly 8% over the previou
  • $100 million — . municipal transactions with more than $100 million of par (a nearly 20% increase over last
  • $109 million — institutional market. We also produced $109 million of PVP in global structured finance ins
  • $83 million — group since 2008. Finally, we produced $83 million of PVP in non-U.S. public finance insur
  • $267 million — our CEO's strategic vision by returning $267 million to our shareholders through share repur
  • $350 million — from the end of 2022 by 4.7%. We issued $350 million of 5-year senior unsecured debt with a
  • $330 million — f which we used in large part to redeem $330 million of 10-year debt due July 1, 2024, reduc

Filing Documents

EXECUTIVE COMPENSATION ___________

EXECUTIVE COMPENSATION ___________ 29 Compensation Discussion and Analysis ______ 29 CD&A Roadmap _______________________ 29 Summary _____________________________ 30

Executive Compensation Program Structure and Process _________________________

Executive Compensation Program Structure and Process _________________________ 37 CEO Performance Review _______________ 49 Other Named Executive Officer Compensation Decisions ________________ 59 2023 Executive Compensation Conclusion ___ 62 Compensation Governance ______________ 63 Post-Employment Compensation __________ 67 Tax Treatment _________________________ 68 Non-GAAP Financial Measures ____________ 68 Compensation Committee Report ___________ 70 Summary Compensation Table _____________ 71 Employment Agreements _________________ 72 Perquisite Policy ________________________ 72 Severance Policy _______________________ 72 Employee Stock Purchase Plan ____________ 72 Indemnification Agreements _______________ 72 2023 Grants of Plan-Based Awards _________ 73 Outstanding Equity Awards ________________ 75 2023 Shares Vested _____________________ 76 Non-Qualified Deferred Compensation _______ 77 Potential Payments Upon Termination or Change in Control ______________________ 77 Non-Qualified Retirement Plans ____________ 79 Incentive Plans _________________________ 79 CEO Pay Ratio _________________________ 80 Pay Versus Performance__________________ 80 EQUITY COMPENSATION PLANS INFORMATION ________________________ 84 PROPOSAL NO. 2: ADVISORY APPROVAL OF EXECUTIVE COMPENSATION ______________________ 85 PROPOSAL NO. 3: APPROVAL OF THE ASSURED GUARANTY LTD. 2024 LONG-TERM INCENTIVE PLAN__ 86 PROPOSAL NO. 4: APPOINTMENT OF INDEPENDENT AUDITOR _____________________________ 94 Assessment of Independent Auditor_________ 94 Independent Auditor Fee Information ________ 95 Pre-Approval Policy of Audit and Non-Audit Services ______________________________ 95 Audit Committee Report___________________ 96 PROPOSAL NO. 5: PROPOSALS CONCERNING OUR SUBSIDIARY, ASSURED GUARANTY RE LTD. ______________________________ 98 Proposal 5.1 - Election of AG Re Directors ____ 98 Proposal 5.2 - Appointment of AG Re Audito

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