Assured Guaranty Ltd (AGO)
NYSE:AGO
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.53Last Year’s EPS
1.01Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
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
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.
AGO Earnings History
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 1.53.