Assured Guaranty hits four-month low after Q4 profit miss

Assured Guaranty

28/02/2025 17:30

** 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

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))