Assured Guaranty Ltd. (NYSE: AGO) (together with its subsidiaries, Assured Guaranty) announced that Kroll Bond Rating Agency, LLC (KBRA) has affirmed the AA+ insurance financial strength ratings of Assured Guaranty Inc. (AG) and its insurance subsidiaries, Assured Guaranty UK Limited (AGUK) and Assured Guaranty (Europe) SA (AGE). All the ratings have Stable Outlooks.

In its August surveillance report affirming the AA+ ratings of AG, AGUK and AGE, KBRA cited:

• “AG’s rating reflects its substantial claims-paying resources, strong risk management platform, and leadership position in the financial guaranty market.”
• “AG maintains a robust capital position, with claims-paying resources that provide meaningful protection against KBRA’s modeled stress-case loss scenarios.”
• “The merger of Assured Guaranty Municipal Corp. (AGM) into AG in 2024 has simplified the organizational structure and improved capital and regulatory efficiency.”
• “AG’s conservative investment approach, experienced management team, and diversified business platform support its ability to manage through credit cycles.”
• “Municipal market insured penetration has increased and is currently at its highest levels since 2009.”
• “AGUK and AGE are supported by a suite of intra-group financial arrangements with AG, including co-insurance, quota share and excess of loss reinsurance, as well as a net worth maintenance agreement. These agreements are key factors in KBRA’s financial strength ratings for both entities.”

KBRA also stated that, “In 2024, AG originated approximately $32 billion in gross par, its highest annual total in over a decade. Growth was led by strong U.S. municipal production and selective participation in international infrastructure and structured finance.”

“We are pleased that KBRA has continued to affirm the AA+ (Stable Outlook) rating for AG and its insurance subsidiaries, AGUK and AGE, citing our robust capital position and strong claims-paying resources along with the company’s high-quality insured portfolio and experienced management team, which supports our ability to navigate through credit cycles,” said Dominic Frederico, President and CEO of Assured Guaranty. “We believe that Assured Guaranty’s success reflects the market’s appreciation of our consistent record of profitability, diversified business strategy, disciplined underwriting and pricing and the capital-generating power of our proven business model.”

Cautionary Statement Regarding Forward-Looking Statements

Any forward-looking statements made in this press release, including those regarding growth opportunities for Assured Guaranty, demand for its product, and the strength of Assured Guaranty’s capital position, reflect Assured Guaranty’s current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. These risks and uncertainties include, but are not limited to, difficulties executing Assured Guaranty’s business strategy; those risks and uncertainties resulting from changes in rating agency models or opinions; the adequacy of Assured Guaranty’s capital and its ability to manage such capital; Assured Guaranty’s positioning for future global underwriting growth, unearned premiums, earnings power and financial strength; difficulties producing and sustaining new business; the benefits of Assured Guaranty’s value proposition; adverse credit developments in Assured Guaranty’s insured portfolio and the impact of those developments on rating agency models and opinions; insured losses in excess of those expected by Assured Guaranty or the failure of Assured Guaranty to realize loss recoveries that are assumed in its expected loss estimates for insurance exposures; other risks and uncertainties that have not been identified at this time, management’s response to these factors, and other risk factors identified in Assured Guaranty’s filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which are made as of August 5, 2025. Assured Guaranty undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Assured Guaranty Ltd.

Assured Guaranty Ltd. is a publicly traded (NYSE: AGO), Bermuda-based holding company. Through its subsidiaries, Assured Guaranty provides credit enhancement products to the U.S. and non-U.S. public finance, infrastructure and structured finance markets. Assured Guaranty also participates in the asset management business through its ownership interest in Sound Point Capital Management, LP and certain of its investment management affiliates. More information on Assured Guaranty Ltd. and its subsidiaries can be found at AssuredGuaranty.com.

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