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BUZZ-Assured Guaranty hits four-month low after Q4 profit miss

ReutersFeb 28, 2025 5:30 PM

Shares of financial guaranty insurance provider Assured Guaranty AGO.N slide as much as 8%, hitting their lowest in four months

Stock last down 5.3% at $87.29

AGO on Thursday posted fourth-quarter adjusted operating income below Street expectations, after beating estimates in the previous five quarters

Miss came due to net economic loss development of $17 million in the fourth quarter, driven by healthcare and UK regulated utility exposures

Brokerage KBW says premiums, investment income and buybacks all came in strong, but the credit-driven earnings miss would garner a negative stock reaction

AGO stock down 3% YTD

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