Assured Guaranty Ltd. · NYSE:AGO
Assured Guaranty — Shareholder Meeting (April 2026)
15 slides from Assured Guaranty's shareholder meeting presentation, Apr 13, 2026
Slide 1: Proxy Statement Supplement April 2026
Proxy Statement Supplement April 2026 This information supplements the Proxy Statement of Assured Guaranty Ltd., dated March 18, 2026, which we distributed to shareholders in connection with our Annual General Meeting scheduled for May 1, 2026. This information should be read together with the Proxy
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: Our Say-on-Pay Proposal Deserves Your Support
Our Say-on-Pay Proposal Deserves Your Support • We achieved significant growth in shareholder value during 2025 by almost every important measure, while also positioning Assured Guaranty for further growth in the future • The Compensation Committee enhanced our pay-for-performance framework at the b
Slide 4: 2025 Achievement Highlights
2025 Achievement Highlights • Achieved GAAP net income attributable to AGL of $10.26 per share, and adjusted operating income* of $9.08 per share, both representing the second highest levels in the Company’s history • Increased shareholders’ equity attributable to AGL per share, adjusted operating s
Slide 5: Our CEO's Total Direct Compensation Package
Our CEO’s Total Direct Compensation Package • Our CEO’s total direct compensation package has declined for two years in a row • Our CEO’s salary has been fixed for nine years, since 2017 • Our CEO’s short-term cash incentive for the 2025 performance year was 17% less than it was for the 2024 perform
Slide 6: Calculation of Our CEO's Short-Term Cash Incentive
Calculation of Our CEO’s Short-Term Cash Incentive • Based on a formula (see Appendix B); 67% of the score is based on the achievement of financial performance measures and 33% is tied to the achievement of non-financial objectives • At the beginning of the 2025 performance year, our Compensation Co
Slide 7: Trend in CEO Salary and Short-Term Cash Incentive
Trend in CEO Salary and Short-Term Cash Incentive CEO Salary and Short-Term Cash Incentive By Performance Year ($ thousands) 6 ASSURED GUARANTY LTD.
Slide 8: Long-Term Trends and Long-Term Equity Incentive Award
Long-Term Trends and Long-Term Equity Incentive Award • We have enjoyed positive GAAP net income every year since our initial public offering in 2004, except in 2007 (when the mark-to- market losses on credit default swaps were the primary reason for the loss), and 22 consecutive years of positive a
Slide 9: Executive Compensation is Closely Aligned with Performance
Executive Compensation is Closely Aligned with Performance • 89.6% of our CEO’s target pay is performance-based * Represents the Compensation Committee’s target nominal value 8 ASSURED GUARANTY LTD.
Slide 10: Appendices
Appendices Appendix A: Non-GAAP Financial Measures Appendix B: Short-Term Cash Incentive – What Is Measured Appendix C: Short-Term Cash Incentive – How Is It Scored Appendix D: Long-Term Equity Incentive Compensation
Slide 11: Appendix A: Non-GAAP Financial Measures
Appendix A: Non-GAAP Financial Measures This proxy statement supplement references financial measures that are not determined in accordance with U.S. generally accepted accounting principles (GAAP), and are identified as core, operating, PVP or non-GAAP. Although these non-GAAP financial measures sh
Slide 12: Appendix B: Short-Term Cash Incentive – What Is Measured
Appendix B: Short-Term Cash Incentive – What Is Measured • The Compensation Committee picks five financial metrics that fit the financial guaranty business earnings model, with the goal of supporting strong long-term shareholder returns • Each year, targets are set to be stretch goals based on the C
Slide 13: Appendix C: Short-Term Cash Incentive – How Is It Scored
Appendix C: Short-Term Cash Incentive – How Is It Scored • Starting in 2025, the Compensation Committee enhanced the short-term cash incentive plan by adding formal threshold and maximum performance levels for each metric • This refinement was adopted in response to shareholder feedback and reflects
Slide 14: Appendix D: Long-Term Equity Incentive Compensation
Appendix D: Long-Term Equity Incentive Compensation • Long-term equity awards for executive officers consist 60% of performance-based restricted share units (PSUs) and 40% of time-based restricted share units (RSUs), each by nominal value, with a three-year performance or vesting period • PSUs repre
Slide 15: 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, Equity Investor Relations Direct: 212.339.3551 Athomas@agltd.com Proxy Statement Supplement April 2026