At $75.43, the company trades at a steep 60% discount to adjusted book value and 40% to GAAP equity. Forward P/E multiples remain low, with FY2025 at 8.3x and consensus FY2026 at ~10.5x, suggesting undervaluation. Dividend yield stands at 2.0%, supported by robust claims-paying resources of $9.98B versus a $3.32B market cap.
Assured Guaranty NYSE: AGO reported higher second-quarter adjusted operating income and record per-share valuation metrics, while executives pointed to growth in U.S. public finance, global structured finance and the company's newer annuity reinsurance platform.
Assured Guaranty Ltd. (AGO) Q2 2026 Earnings Call Transcript
| Insurance Industry | Financials Sector | Dominic Frederico CEO | XSTU Exchange | BMG0585R1060 ISIN |
| BM Country | 367 Employees | 20 Aug 2026 Last Dividend | - Last Split | 23 Apr 2004 IPO Date |
Assured Guaranty Ltd. operates as a key entity in the realm of financial security, offering a broad range of credit protection products across various markets including public finance, infrastructure, and structured finance markets both in the United States and on an international scale. The company is structured into two primary segments, Insurance and Asset Management, allowing it to diversify its services effectively. Established in 2003 and with its headquarters in Hamilton, Bermuda, Assured Guaranty has carved a niche in providing financial guaranty insurance to assure investors against defaults in scheduled payments. Its operations cover a vast array of debt obligations, extending its reach to sectors as wide-ranging as municipal utility, healthcare, education, and renewable energy, amongst others. In addition to its insurance services, the company also offers asset management services, further broadening its portfolio and market relevance.
This core service offers protection to holders of debt instruments and other obligations against defaults in scheduled payments. It encompasses a wide variety of debt obligations, including bonds issued by US state governmental authorities and notes for financing infrastructure projects, ensuring a broad coverage across different sectors.
Assured Guaranty provides reinsurance for various debt obligations, enhancing the security of investments in public finance obligations like general obligation bonds, tax-backed, and municipal utility bonds, among others. This service extends to both U.S. and non-U.S. public finance obligations, covering areas such as regulated utilities and renewable energy bonds.
The company insures and reinsures U.S. and non-U.S. Structured finance obligations. This includes a diverse range of securities such as residential mortgage-backed securities, life insurance transactions, and consumer receivables securities, further showcasing Assured Guaranty's versatility in the financial market.
Apart from its primary insurance services, Assured Guaranty also engages in the insuring and reinsuring of specialty business sectors. These include real estate properties, insurance securitizations, and aircraft residual value insurance transactions, indicating the company's capability to cater to niche markets.
Under its Asset Management segment, Assured Guaranty offers investment advisory services. This sector complements its insurance services by providing options for asset management, focusing on the strategic growth and protection of investments.