10-K · February 27, 2026
Assured Guaranty emphasizes growing its core financial guaranty insurance business while diversifying through asset management and a new life & annuity reinsurance platform. Reported revenues were higher in 2025 versus…
Earnings analysis · 10-Q
AGO earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Assured Guaranty Ltd. reported strong Q1 2026 results, with revenues of $261 million and diluted EPS of $2.50, significantly beating both estimates and last year's figures. The Financial Guaranty segment drove a notable…
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Assured Guaranty Ltd. reported strong Q1 2026 results, with revenues of $261 million and diluted EPS of $2.50, significantly beating both estimates and last year's figures. The Financial Guaranty segment drove a notable 32% revenue growth year-over-year, reflecting strong demand for its insurance products amid favorable economic conditions. However, challenges include mounting foreign exchange losses and economic uncertainties that could impact future performance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.5
- Segment
- Financial Guaranty
- Segment
- Annuity Reinsurance
- Segment
- Asset Management
What stood out
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Strong Revenue Growth
Q1 2026 revenue reached $261 million, up 32% from $197 million in Q1 2025.
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EPS Significantly Beats Estimates
Reported diluted EPS was $2.50, exceeding consensus estimate expectations of $1.60.
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Financial Guaranty Segment Growth
Financial Guaranty segment adjusted operating income rose to $102 million from $168 million year-over-year.
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Return of Capital Ongoing
The company returned $93 million to shareholders through share buybacks and dividends in the quarter.
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Acquisition Expands Market Opportunities
Acquired Warwick Company, enabling expansion into the annuity reinsurance market.
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Cumulative Repurchases
Since 2013, the firm has repurchased $6 billion worth of shares, further strengthening return metrics.
What to watch
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Unrealized Investment Losses
Unrealized losses in the investment portfolio totaled $304 million, affecting overall equity.
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Foreign Exchange Impact
Foreign exchange losses amounted to $18 million, compared to a gain of $33 million last year, affecting profitability.
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Economic Uncertainty Risks
Geopolitical tensions and inflation pose risks to future revenues and credit defaults.
Management's outlook
Management did not provide numeric guidance, citing ongoing evaluations of market conditions.
Earlier filings 4
10-Q · August 8, 2025
Assured Guaranty reported strong quarter with total revenues of $281 million (Q2 2025) versus $202 million in Q2 2024 and net income attributable to AGL of $103 million versus $78 million a year ago. Diluted EPS rose to…
10-Q · May 9, 2025
Assured Guaranty reported a strong Q1 2025 with total revenues of $345 million and diluted EPS of $3.44, materially above prior-year Q1 revenue of $245 million and EPS of $1.89. Results were driven by large fair value…
10-K · February 28, 2025
Assured Guaranty describes a four‑part strategy focused on (i) insurance, (ii) asset management, (iii) alternative investments and (iv) capital management, while continuing to participate in asset management through its…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.