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FGIC Announces NYSDFS Approval of CPP Upward Adjustment

NEW YORK--(BUSINESS WIRE)--Financial Guaranty Insurance Company (“FGIC”) today announced that it had received notice from the New York State Department of Financial Services (the “NYSDFS”) that, pursuant to and in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013, the NYSDFS has approved an increase of the cash payment percentage (CPP) of permitted policy claims that FGIC is required to pay under such Plan from 64.50% to 66.00%, effective December 3, 2025. The 2025 Annual CPP Revaluation Notice, which is posted on the Policyholder Information Center at www.fgic.com/policyholderinfocenter/, provides additional information concerning the 2025 CPP Revaluation.

About FGIC

FGIC is a New York stock insurance corporation and a wholly owned subsidiary of FGIC Corporation. FGIC emerged from rehabilitation on August 19, 2013, and is responsible for administering its outstanding insurance policies in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013. Please visit www.fgic.com.

Contacts

Investor and Media Contacts:

Investor Relations:
Winston Wohr
+1 212.312.3423

Press Relations:
+1 212.312.2775

Industry:

Financial Guaranty Insurance Company

Release Versions
English

Contacts

Investor and Media Contacts:

Investor Relations:
Winston Wohr
+1 212.312.3423

Press Relations:
+1 212.312.2775

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