Every 10-Q that Assured Guaranty, LTD (AGO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AGO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AGO filings page.
Assured Guaranty Ltd. reported Q2 2026 total revenues of $195 million and net income attributable to shareholders of $39 million, compared with $281 million and $103 million a year earlier. For the first six months, revenues were $456 million and net income $127 million versus $626 million and $279 million in 2025.
The company completed the $158 million acquisition of Assured Life Re, creating an annuity reinsurance segment that generated $25 million of revenue in the first half. Net expected loss to be paid across the insured portfolio increased to $192 million from $101 million at December 31, 2025, reflecting higher public finance loss expectations, including Brightline and PREPA, partly offset by structured finance recoveries. Operating cash flow improved to $230 million, while shareholders’ equity attributable to Assured Guaranty was $5.56 billion and common shares outstanding declined to 44.1 million after repurchases and dividends.
Assured Guaranty Ltd. reported sharply lower quarterly results. For the three months ended March 31, 2026, revenue was $261 million versus $345 million a year earlier, and net income attributable to Assured Guaranty fell to $88 million from $176 million. Diluted EPS declined to $1.91 from $3.44.
Operating cash flow improved to $190 million, while total assets rose to $12.6 billion and shareholders’ equity slipped to $5.6 billion, driven by an other comprehensive loss of $112 million. The company repurchased $75 million of shares and paid $18 million in dividends.
Assured Guaranty expanded into annuity reinsurance by acquiring Warwick Company (UK) Limited and its subsidiary Assured Life Re for $158 million, recording a provisional bargain purchase gain of $6 million. The deal added $14 million of revenue and $2 million of net income in the quarter and created a new Annuity Reinsurance segment.
Assured Guaranty Ltd. reported solid profitability in Q3 2025 despite volatile markets. Net income attributable to the company was $105 million for the quarter, compared with $171 million a year earlier, as total revenues declined to $207 million from $269 million mainly due to weaker foreign exchange gains and investment results.
For the first nine months of 2025, net income attributable to Assured Guaranty rose to $384 million from $358 million, helped by higher net investment income, stronger fair value gains on credit derivatives and consolidated vehicles, and higher equity in earnings of investees. Basic earnings per share increased to $7.82 for the nine months from $6.57, supported by significant share repurchases that reduced outstanding common shares to 46.7 million as of September 30, 2025.
Credit risk metrics improved, with net expected loss to be paid across all insured exposures at $104 million, down sharply from $306 million a year earlier, reflecting favorable economic loss development and recoveries, including from the Lehman Brothers International (Europe) litigation. The company still carries meaningful below-investment-grade exposure, including $11.4 billion of BIG net par, $2.3 billion of insured Thames Water debt, and $464 million of Puerto Rico Electric Power Authority net par, which remain key long-term risk areas.
Assured Guaranty Ltd. reported stronger results in the quarter ended June 30, 2025, driven by investment and foreign exchange gains. Total revenues were $281 million versus $202 million a year earlier, and net income attributable to Assured Guaranty Ltd. was $103 million for the quarter compared with $78 million in Q2 2024, producing basic EPS of $2.10 versus $1.43 a year ago. For the six months, net income attributable was $279 million and basic EPS was $5.60. Notable drivers included net investment income of $89 million in the quarter and significant foreign exchange gains of $79 million.
The balance sheet remained substantial with total assets of $12.095 billion and shareholders' equity of $5.729 billion as of June 30, 2025. The company reports a net expected loss to be paid (recovered) of $186 million at period end, up from $106 million at the prior measurement date, and BIG (below-investment-grade) net par outstanding of $10.5 billion. Material single-name and sector concentrations disclosed include a £3.8 billion gross exposure to BIG U.K. regulated utilities (including £2.4 billion net par to Thames Water) and an unresolved PREPA default exposure with net par of $532 million. The six-month results also reflected a gain recognized in connection with the LBIE litigation.