Assured Guaranty Limited reported strong third-quarter results, achieving record highs in adjusted book value and operating income, bolstered by robust activity in the U.S. public finance sector.

• Adjusted operating income rose 17% year-over-year to $6.77 per share; adjusted book value per share reached a record $181.37.
• Third quarter premium volume production (PVP) surged to $91 million, up 44% year-over-year, driven by a resurgence in U.S. municipal bond issuance.
• Assured Guaranty secured 63% of the total insured U.S. municipal market par sold in the first nine months of 2025, emphasizing its industry leadership.
• The company's investment portfolio benefitted from alternative investments, achieving an annualized internal rate of return of approximately 13% year-to-date.
• A new $100 million share repurchase authorization reflects continued commitment to enhancing shareholder value.