Assured Guaranty Ltd (NYSE: AGO) is a financial guaranty insurance company that provides credit protection on municipal, infrastructure, and structured finance obligations. It makes money by collecting insurance premiums from issuers and holders of debt securities in exchange for guaranteeing the timely payment of principal and interest on those obligations. The filing, a 10-K submitted February 27, 2026, identifies Assured Guaranty as operating through subsidiaries under the Assured Guaranty brand. The company is exposed to risks across U.S. and global credit markets, including municipal debt, infrastructure finance, and structured finance sectors. Key risk factors cited include changes in interest rates, credit spreads, foreign exchange rates, geopolitical events, cybersecurity threats, and potential U.S. government payment defaults, all of which can affect the credit quality of insured obligations and the company's claims exposure.

Revenue model

Premium income from financial guaranty insurance policies written on municipal bonds, infrastructure bonds, and structured finance obligations. Premiums are collected upfront or over the life of the insured obligation.

Products and services

Financial guaranty insurance policies covering timely payment of principal and interest on debt obligations, including municipal bonds, infrastructure bonds, and structured finance instruments.

Customers and end markets

Issuers and holders of municipal debt, infrastructure finance obligations, and structured finance securities in the U.S. and global credit markets.

Value-chain role

Credit enhancement provider sitting between debt issuers and capital markets investors, wrapping obligations to improve credit quality and market access.

Geographic exposure

United States and international credit markets, with exposure to foreign exchange rates and geopolitical risk cited in the FY2025 10-K filed February 27, 2026.

Source: SEC 10-K, filed 2026-02-27

Industry: Surety Insurance Peers: Arch Capital Group Ltd Argo Group International Holdings, Inc. AXIS Capital Holdings Ltd James River Group Holdings Inc