The earnings call presented a strong financial position with record-high book values and significant market share in the U.S. municipal bond insurance sector. However, a decrease in operating income and increased loss expenses in the insurance segment presented challenges.

Company Guidance

During the Assured Guaranty Limited Second Quarter 2025 Earnings Conference Call, several key metrics were highlighted, reflecting the company's strong performance and strategic initiatives. The adjusted book value per share reached a record high of $176.95, and adjusted operating shareholders' equity per share was $120.11 by the end of the second quarter. Adjusted operating income per share was reported at $4.21 for the first half of 2025 and $1.01 for the second quarter alone. The company insured 64% of the insured par sold in the U.S. municipal market during the first half of 2025, with a total insured par amount of $15 billion, marking a 30% increase from the previous year. The company also highlighted its strong capital management efforts, with $296 million in common shares repurchased so far in 2025, representing 6.8% of shares outstanding at the end of 2024, and an additional $300 million repurchase authorized by the Board in August. Furthermore, the company's six-month present value of premiums (PVP) totaled $103 million, with $74 million originating from U.S. public finance. The company's robust financial position was affirmed by S&P Global Ratings and KBRA, both of which highlighted Assured Guaranty's strong competitive position, excellent capital and earnings, and high-quality insured portfolio.

Record-High Adjusted Book Value and Operating Shareholders' Equity

Adjusted book value per share reached $176.95 and adjusted operating shareholders' equity per share hit $120.11, both record highs at the end of the second quarter of 2025.

Strong U.S. Municipal Issuance and Market Capture

The par amount of U.S. municipal issuance was 17% ahead of last year’s record pace, and Assured Guaranty insured 64% of the insured par sold in the primary market during the first half of 2025.

Significant Growth in Secondary Market Policies

Assured Guaranty wrote nearly $900 million of secondary market policies in the first half of 2025, including over $500 million in the second quarter, achieving 150% of the total secondary par insured in all of 2024.

Capital Management and Share Repurchases

The company has repurchased $296 million of common shares, representing 6.8% of the outstanding shares as of December 31, 2024, and the Board authorized an additional $300 million in share repurchases.

Strong Financial Ratings Affirmed

S&P Global Ratings affirmed Assured Guaranty’s AA financial strength rating with a stable outlook, and KBRA affirmed the AA+ financial strength rating with a stable outlook.

Assured Guaranty (AGO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AGO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	1.42 / -	2.42	―	―	―
Aug 07, 2025	2025 (Q2)	1.48 / 1.01	1.44	-29.86% (-0.43)
May 08, 2025	2025 (Q1)	2.67 / 3.18	1.96	62.24% (+1.22)
Feb 27, 2025	2024 (Q4)	1.36 / 1.27	5.75	-77.91% (-4.48)
Nov 11, 2024	2024 (Q3)	1.34 / 2.42	3.42	-29.24% (-1.00)
Aug 07, 2024	2024 (Q2)	1.39 / 1.44	0.6	140.00% (+0.84)
May 07, 2024	2024 (Q1)	1.32 / 1.96	1.12	75.00% (+0.84)
Feb 27, 2024	2023 (Q4)	1.18 / 5.75	0.22	2513.64% (+5.53)
Nov 07, 2023	2023 (Q3)	1.12 / 3.42	2.11	62.09% (+1.31)	―	―
Aug 08, 2023	2023 (Q2)	1.08 / 0.60	0.46	30.43% (+0.14)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AGO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$84.09	$81.55	-3.02%
May 08, 2025	$87.74	$86.69	-1.20%
Feb 27, 2025	$91.10	$86.28	-5.29%
Nov 11, 2024	$88.19	$90.01	+2.06%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Assured Guaranty Ltd (AGO) report earnings?

Assured Guaranty Ltd (AGO) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Assured Guaranty Ltd (AGO) earnings time?

Assured Guaranty Ltd (AGO) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AGO EPS forecast?

AGO EPS forecast for the fiscal quarter 2025 (Q3) is 1.42.

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