UGC News

United Guaranty, a spinoff of AIG's residential mortgage insurance business, withdrew its plans for an initial public offering on Friday. It originally filed in March 2016 with a proposed deal size of $800 million. The Greensboro, NC-based company was founded in 1963 and booked $869 million in sales for the 12 months ended March 31, 2016. It had planned to list on the NYSE...read more

United Guaranty, a spinoff of AIG’s residential mortgage insurance business, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise over $1 billion. The Greensboro, NC-based company was founded in 1963 and booked $923 million in revenue for the 12...read more