[Indiscernible] Lobo's questions to Assured Guaranty Ltd (AGO) leadership • Q3 2024
Question
[Indiscernible] Lobo inquired about the impact of U.K. utility developments on 2025 capital management, the reasons for lower insured par market penetration, the outlook for 2025 municipal issuance, and the expected effect of the 15% Bermuda income tax on the company's 2025 corporate tax rate.
Answer
President and CEO Dominic Frederico stated that the U.K. utility situation has no impact on the company's capital management plans, with the $500 million share repurchase target for 2025 remaining firm. He also noted that insured penetration is increasing year-over-year due to the recognized value of insurance. COO Robert Bailenson added that the company expects a slight decrease in its corporate tax rate in 2025 due to the new Bermuda tax rules.