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SCA > SEC Filings for SCA > Form 8-K on 14-May-2008All Recent SEC Filings

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Form 8-K for SECURITY CAPITAL ASSURANCE LTD


14-May-2008

Results of Operations and Financial Condition, Regulation FD Discl


ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On May 9, 2008, Security Capital Assurance Ltd ("SCA" or the "Company") conducted its earnings conference call relating to the three months ended March 31, 2008. The earnings call was made available to the public via conference call and audio webcast and the slides that accompanied the presentation were available to the public at the time of the earnings call and webcast through the website of SCA. Certain financial information relating to the completed fiscal period that was part of the earnings call is included in the slides that accompanied the earnings call, a copy of which is attached hereto as Exhibit 99.1.

The earnings call included certain non-GAAP financial measures.
Reconciliations of these non-GAAP financial measures to the comparable measures calculated and presented in accordance with GAAP are attached hereto as part of Exhibit 99.1.



ITEM 7.01 REGULATION FD DISCLOSURE

An explanation of the non-GAAP financial measures included in the earnings call and the reasons why SCA's management believes these measures provide useful information regarding SCA's financial condition and results of operations and additional purposes, if any, for management's utilization of the non-GAAP financial measures are attached hereto as Exhibit 99.2.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit 99.1 Slides relating to the May 9, 2008 SCA earnings call.

Exhibit 99.2 Explanation of Non-GAAP Financial Measures

Exhibit 99.1 and Exhibit 99.2 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in a filing.


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