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

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Earnings Data

Report Date

May 07, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

1.48

Last Year’s EPS

3.18

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 26, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized multiple material accomplishments—record per-share metrics, strong adjusted operating income growth (Q4 per-share +83%, full-year per-share +28%), market leadership in new-issue municipal insurance (58% market share), a tripling of secondary market activity, solid alternative investment performance (full-year pretax alternatives +33%), completion of a strategic acquisition (Assured Life Re), and $500 million of share repurchases. Offsetting these positives are mix-driven limits on PVP and premium per par due to fewer large BBB deals, outstanding UK water (Thames) and other stressed credits (e.g., Brightline) that remain unresolved risks, modest holding company liquidity (~$130M), and potential tradeoffs between buybacks and capital deployment into the new annuity reinsurance platform. Overall, the company portrayed a strong operational and financial year with manageable but notable credit and capital-allocation risks.

Company Guidance

Management guided that Assured Guaranty is well positioned for growth in 2026, citing a robust transaction pipeline and an expectation of strong results across all three financial‑guarantee product lines, with several large transactions already closed in early 2026; they also launched the Assured Life Re annuity‑reinsurance platform (Warwick Re acquisition in Jan‑2026) and expect to deploy excess capital to write substantial new business there. Key metrics cited to support the outlook included 2025 PVP of $286 million (U.S. public finance $206M; non‑U.S. public finance + global structured finance $80M, comprised of $37M non‑U.S. and $43M structured), more than $27 billion of municipal par guaranteed (+16% YoY), over $25 billion of new‑issue par wrapped (58% of new‑issue insured par sold), >900 new‑issue deals (+15% YoY), secondary market insured par of ~$2 billion (+~240% YoY, generating $44M of PVP), alternative investments fair value >$1 billion with an inception‑to‑date IRR of ~13%, and prior capital actions that included $500M of 2025 share repurchases (5.8M shares, ~12% of 12/31/24 outstanding at an average $85.92), $69M of dividends in 2025 and a 12% increase in the quarterly dividend to $0.38; management noted remaining repurchase authorization of $204M and holding‑company liquidity of ~ $130M (≈$48M at AGL), and said they will provide an update on Assured Life Re on the Q1 call.

Record Per-Share and Equity Metrics

Reached new per-share highs at year-end 2025: adjusted book value $186.43, adjusted operating shareholders' equity $126.78, and shareholders' equity $125.32.

Strong Earnings Growth

Fourth quarter 2025 adjusted operating income of $109 million ($2.32 per share), an 83% increase on a per-share basis versus Q4 2024 ($66 million, $1.27). Full-year 2025 adjusted operating income of $445 million ($9.08 per share), a 28% increase on a per-share basis versus 2024 ($389 million, $7.10).

Robust New Business Production (PVP)

Present value of new business production (PVP) totaled $286 million in 2025, with $206 million from U.S. public finance and $80 million from non-U.S. public and global finance/structured transactions.

Market Leadership and Growth in Municipal Insurance

Wrapped more than $25 billion of new-issue insured municipal par (15-year high), capturing 58% of new-issue insured par sold. Guaranteed over $27 billion of municipal par in 2025, up 16% year-over-year, across more than 1,500 policies; new-issue deal count rose ~15% to over 900 transactions.

Secondary Market Expansion

U.S. public finance secondary insured par written increased more than 240% year-over-year to approximately $2 billion in 2025, generating $44 million of PVP; secondary market par more than tripled compared with prior year.

Higher-Quality Mix with AA Activity

Issued over 160 policies on underlying AA-rated credits totaling ~ $7 billion of insured par, an approximate 60% year-over-year increase in both policy count and par for AA-rated step-away transactions.

Alternative Investments Performing Well

Alternative investments fair value exceeded $1 billion (up from $884 million at 12/31/2024). Alternatives generated $160 million pretax adjusted operating income for the full year (33% year-over-year increase) and produced an inception-to-date IRR of ~13%.

Capital Return and Dividend Increase

Executed $500 million of share repurchases in 2025, buying 5.8 million shares (~12% of shares outstanding at 12/31/2024) at an average price of $85.92; remaining repurchase authorization $204 million. Distributed $69 million in dividends and approved a 12% increase in the quarterly dividend (from $0.34 to $0.38).

Litigation and Loss-Mitigation Gains

Realized a pretax gain of approximately $103 million from resolution of Lehman litigation and recorded additional pretax gains (including a $23 million Q4 loss mitigation gain). Loss mitigation actions reduced loss mitigation securities by over $400 million and removed problematic assets from the balance sheet.

Strategic Acquisition and New Business Platform

Completed acquisition of Warwick Re (renamed Assured Life Reinsurance) in January 2026 to launch an annuity reinsurance business focused on MYGAs and pension risk transfer annuities, diversifying revenue sources and creating potential synergies with existing capabilities.

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

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AGO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2026	2026 (Q1)	1.48 / -	3.18	―	―	―
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)
Feb 27, 2024	2023 (Q4)	1.18 / 5.75	0.22	2513.64% (+5.53)

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
Feb 26, 2026	$86.64	―	―
Nov 06, 2025	$81.25	$86.55	+6.52%
Aug 07, 2025	$83.77	$81.24	-3.02%
May 08, 2025	$87.40	$86.36	-1.19%

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 May 07, 2026, After Close (Confirmed).

What is Assured Guaranty Ltd (AGO) earnings time?

Assured Guaranty Ltd (AGO) earnings time is at May 07, 2026, After Close (Confirmed).

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What is AGO EPS forecast?

AGO EPS forecast for the fiscal quarter 2026 (Q1) is 1.48.