Highlights Very Strong Competitive Position, Excellent Capital Adequacy and Liquidity, and Diverse Underwriting Strategy

Assured Guaranty Ltd. (NYSE: AGO) (together with its subsidiaries, Assured Guaranty) announced today that S&P Global Ratings (S&P) has affirmed the AA financial strength rating, financial enhancement rating, and issuer credit ratings on Assured Guaranty and its operating insurance subsidiaries. The outlooks remain stable.

In its May 28, 2024 research update report, S&P noted Assured Guaranty’s:

• “excellent capital adequacy and a very strong competitive position, supported by a strong presence in the U.S. public finance market”
• “excellent” capital and earnings
• “exceptional” liquidity
• “well-diversified global underwriting strategy dominated by business written in the U.S. public finance market”
• “management’s approach to writing business in non-U.S. public finance markets as well thought out and measured”
• “underwriting strategy provides flexibility to capitalize on opportunities in one market when other markets are less favorable”

In response to the report, Dominic Frederico, President and CEO of Assured Guaranty, said: “Assured Guaranty’s AA rating affirmation by S&P highlights our ‘strong presence in the U.S. public finance market’ and our ‘measured approach to insuring non-U.S. public finance transactions.’ S&P also stated that they ‘believe management will maintain the company’s excellent capital position’ as we continue to implement our global underwriting growth strategy. Assured Guaranty is poised to continue growing its insured portfolio to sustain and increase its store of unearned premiums, its future earnings power and its financial strength. Assured Guaranty continues to offer a uniquely beneficial value proposition to both issuers and fixed income investors.”

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 sustained economic conditions for increased new business, 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 May 29, 2024. 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 can be found at: AssuredGuaranty.com.

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