Assured Guaranty Ltd. · NYSE:AGO
Assured Guaranty — Investor Presentation (January 2026)
14 slides from Assured Guaranty's investor presentation, Jan 21, 2026
Slide 1: Annuity Reinsurance Platform
Annuity Reinsurance Platform January 21, 2026
Slide 2: Forward-Looking Statements and Safe Harbor Disclosure
Forward-Looking Statements and Safe Harbor Disclosure • This presentation contains information that includes or is based upon forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements give the expectations or forecasts of future
Slide 3: Important Information
Important Information • These materials may not and do not constitute (a) an offer to sell or a solicitation of an offer to buy any security, insurance product or other product or service or (b) financial, legal, regulatory, accounting, tax, investment or other professional advice. • Assured Guarant
Slide 4: Assured Guaranty's Key Business Strategies
Assured Guaranty’s Key Business Strategies Assured Guaranty is pursuing key business strategies in four areas: Insurance Asset Management > Grow core financial guaranty portfolio > Establish and grow a fee-based earnings > Expand geographically stream independent of the risk-based > Increase seconda
Slide 5: Annuity Reinsurance as a Strategic Objective
Annuity Reinsurance as a Strategic Objective To further its strategic objectives, Assured Guaranty is diversifying into annuity reinsurance by launching Assured Life Reinsurance Ltd. (Assured Life Re), a rebranding of its newly acquired life and annuity reinsurer Warwick Re Limited (Warwick Re) Entr
Slide 6: Annuity Business and Assured Life Re's Product Focus
Annuity Business and Assured Life Re’s Product Focus Annuities are contracts sold by life insurance companies that provide a series of regular, guaranteed payments over a set period of time Annuities • People typically purchase annuities to save for retirement so they can receive a steady income str
Slide 7: Background and Opportunity
Background and Opportunity Assured Guaranty has been providing financial guaranty services to the life and annuity insurance sector for over 20 years - insuring $12 billion of par on 28 transactions • Assured Guaranty has experience in the life insurance sector through insuring capital management tr
Slide 8: Product Overview
Product Overview Multi-Year • Effectively a savings vehicle where policyholders deposit a lump sum that is contractually committed for a predetermined term (typically a three-, Guaranteed Multi-Year Guaranteed five-, seven-, or ten-year term) Annuity Annuity (MYGA) (MYGA) • The policyholders are gua
Slide 9: Assured Life Re
Assured Life Re Assured Life Re will focus on reinsuring fixed-term annuities and pension risk transfer annuities Assured Guaranty will utilize its existing knowledge and experience, gained through 20 years of life insurance capital management transactions, to further support this new annuity reinsu
Slide 10: Transaction Overview
Transaction Overview On January 21, 2026, Assured Guaranty acquired Warwick Company (UK) Limited and its subsidiaries. The acquisition includes Warwick Re Limited (Warwick Re), which provides reinsurance of fixed-term annuities and pension risk transfer annuities. • Assured Guaranty paid approximate
Slide 11: Size of Life and Annuity Market Opportunities
Size of Life and Annuity Market Opportunities Our target markets currently include the U.S. life and annuity market and the U.K. PRT market The U.S. MYGA market saw annual sales grow from $100 billion in 2022 to over $150 billion in 2024, with approximately $165 In USD billions billion estimated for
Slide 12: Initial Projections
Initial Projections Assured Life Re expects to generate positive income within 2 years • Assured Guaranty believes that for the products it is currently planning to reinsure, expenses (including intercompany cost allocations) will be covered at approximately $3 billion of reinsurance in force – Assu
Slide 13: Assured Guaranty Ltd. Simplified Corporate Structure
Assured Guaranty Ltd. Simplified Corporate Structure Assured Guaranty Ltd. Hamilton, Bermuda Publicly Traded Holding Company (NYSE: AGO) Assured Guaranty US Holdings Inc. Assured Guaranty UK Holdings Ltd Assured Guaranty Re Ltd. (AG Re) (AGUS) (AGUKH) Insurance Subsidiary U.S. Holding Company U.K. H
Slide 14: Assured Guaranty Contacts
Assured Guaranty Contacts: Robert Tucker Senior Managing Director Investor Relations and Corporate Communications Direct: 212.339.0861 rtucker@agltd.com Andre Thomas Managing Director Investor Relations Direct: 212.339.3551 athomas@agltd.com Glenn Alterman Director Investor Relations Direct: 212.339
Assured Guaranty — Investor Presentation (January 2026) on 6ix