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Assured Guaranty (AGO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 12, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.46

Last Year’s EPS

1.01

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 07, 2026|

% Change Since:

Earnings Call Sentiment|Positive

Overall the call presented a predominantly positive operational and strategic outlook: strong new business production (PVP nearly doubled year-over-year), sizable growth in asset management income, attractive long-term alternative investment returns (12% IRR), record per-share valuations, and a robust pipeline of large transactions. Offsetting these positives were lower adjusted operating income versus a year-ago quarter (partly due to a large one-time prior-year litigation benefit), reduced near-term buyback pace, modest economic loss development related to Brightline and PREPA, and some decline in alternative investment income driven by CLO marks. Management framed the buyback slowdown as a deliberate reallocation of capital to growth opportunities (notably annuity reinsurance) while maintaining focus on ROE and rating/regulatory considerations.

Company Guidance

Assured guided that 2026 should be a strong year, reiterating expectations for continued demand and growth while remaining selective to meet ROE hurdles: Q1 adjusted operating income was $115 million ($2.50 per share) versus $162 million ($3.18) in Q1 2025, driven by $73 million of PVP (up from $39 million) — U.S. public finance $48M, non‑U.S. public $8M and global structured finance $17M — and $44M of Asset Management adjusted operating income (nearly 4x prior year); the company insured $4 billion of par in Q1 (insuring 53% of insured municipal par) and increased secondary market policies to 227 (vs. 144); deferred premium revenue held at $3.8 billion and earned premiums/credit derivative revenues were $90M (vs. $89M); alternative investments (fair value $965M) have a 12% inception‑to‑date IRR and produced $35M pretax in Q1, while the fixed‑maturity average yield was ~4.2% over the past 3 years and the other AFS/short‑term portfolio generated $82M of net investment income (vs. $75M); Q1 included $21M after‑tax carried interest and a $33M one‑time tax benefit, economic loss development was $44M (Brightline/PREPA), and capital actions include repurchasing 882,000 shares for $75M at an $85.58 average, paying $18M of dividends, cutting buybacks to a $30M target over the next three months to fund growth (holding company liquidity ~$153M, $56M at AGL), while noting Q2 pipeline commitments already include ~$636M (Houston), ~$300M (Burbank‑Glendale‑Pasadena) and ~$130M (Morgan State); the life/annuity reinsurance build‑out could require ~$50–150M of capital and target steady‑state returns of ~10–12% in 2–3 years, and adjusted operating shareholders’ equity and adjusted book value reached record per‑share levels of $128.61 and $188.74, respectively.

Strong New Business Production (PVP Nearly Doubled)

Total PVP of $73 million in Q1 2026 vs $39 million in Q1 2025 (≈+87%), with U.S. public finance leading at $48 million (a 92% year-over-year increase). Structured finance and non-U.S. public finance also contributed $17 million and $8 million of PVP, respectively.

Asset Management Segment Breakout

Asset Management produced $44 million of adjusted operating income in Q1 2026 — nearly 4x the Q1 2025 amount, driven by a pivot to alternative investments and higher all-in portfolio returns.

Attractive Alternative Investment Performance

Inception-to-date annualized IRR for alternative investments of ~12% with fair value of $965 million as of March 31, 2026, and alternative portfolio generated $35 million pretax adjusted operating income in Q1 2026.

Net Investment Income Improvement

Available-for-sale and short-term investment portfolio generated $82 million of net investment income in Q1 2026, up from $75 million in Q1 2025 (≈+9.3%), helped by a shift toward higher-yielding corporate securities.

Insured Par and Secondary Market Momentum

Assured guaranteed 53% of insured municipal par and insured $4 billion of par on a close-date basis. Secondary market policies increased to 227 vs 144 in Q1 2025 (≈+57.6%), including 9 large transactions >$100 million.

Recurring, Fast-Earning Structured Finance (Fund Finance)

Fund finance production (short lives) provides repeatable flow business that earns premiums quickly and recycles capital within ~1-2 years, supporting capital efficiency and higher premium velocity.

Capital Management Track Record and Flexibility

Repurchased 882,000 shares for $75 million in Q1 2026 at an average price of $85.58; over the buyback program lifetime returned $6 billion and repurchased 81% of starting shares. Q1 dividends returned $18 million and quarterly dividend per share increased historically from $0.10 to $0.38.

Record Per-Share Valuations and Solid Pipeline

Record adjusted operating shareholders' equity per share of $128.61 and adjusted book value per share of $188.74. Early Q2 pipeline includes several large insured transactions (e.g., $636M Houston, ~$300M Burbank-Glendale-Pasadena, ~$130M Morgan State) indicating continued deal flow.

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
Aug 12, 2026	2026 (Q2)	1.46 / -	1.01	―	―	―
May 07, 2026	2026 (Q1)	1.51 / 2.50	3.18	-21.38% (-0.68)
Feb 26, 2026	2025 (Q4)	1.45 / 2.32	1.27	82.68% (+1.05)
Nov 06, 2025	2025 (Q3)	1.42 / 2.57	2.42	6.20% (+0.15)
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)

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
May 07, 2026	$82.02	$74.67	-8.95%
Feb 26, 2026	$85.83	$85.40	-0.50%
Nov 06, 2025	$80.49	$85.74	+6.52%
Aug 07, 2025	$82.98	$80.48	-3.02%

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 Aug 12, 2026, After Close (Confirmed).

What is Assured Guaranty Ltd (AGO) earnings time?

Assured Guaranty Ltd (AGO) earnings time is at Aug 12, 2026, 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 2026 (Q2) is 1.46.