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TickerAGO
SectorInsurance - Specialty
Mkt cap$3.4B
EV / EBITDA8.9×
PostureHigh Velocity
Composite78/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1273813

Assured Guaranty Ltd.

AGOHIGH VELOCITYFILING INTENSITY

Assured Guaranty Ltd. reads as an High Velocity (composite 78/100); Consistent Strategic Buyer deploying $158M across 1 disclosed transactions, up 427% vs the prior cycle · primary market Insurance.

Lens

Disclosed M&A capital (2023–2025)

$158M

+427%

vs $30M in 2020–2022

Disclosed transactions

1

flat

1/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

78

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$951M
EBITDA$534M
Enterprise value$4.8B
EV / Revenue5.0×
EV / EBITDA8.9×
P/EN/A
Cash$333M
Total debt$1.7B
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

44/100

Companies actively deploying disclosed capital into M&A

  • $4B disclosed buyer spend
  • Filed within 18d

Buyer Cadence

28/100

Buyer-side companies with recent filing activity

  • Filed within 18d
  • 386 8-Ks

Target Probability

24/100

Issuers showing target-side patterns from filings

  • 11 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 11 activism filings

Pressure Watch

19/100

Issuers facing activism, governance, or control pressure

  • 11 activism filings
  • Latest activism 12y ago; heavily discounted

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 11 activism filings

Restatement Risk

1/100

Issuers with accounting-integrity flags from filings

  • 1 non-reliance 8-K
  • 2 NT late filings
  • Latest event 15y ago; heavily discounted

Capital Velocity

Dominant
78/100

Issuers with the highest filing-activity intensity

  • 386 8-Ks
  • Filed within 18d
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $4.8B
  • 10-Q 18d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $443M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20251$158M$158MN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
20201$30M$30MN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Platform
    25%
  • Geographic Expansion
    25%
  • Bolt On
    25%
  • Horizontal Consolidation
    25%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • platform
  • geographic_expansion
  • bolt_on
  • horizontal_consolidation
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

The Assured Life Re Acquisition represents the Company's first platform dedicated solely to the life and annuity reinsurance business, further diversifying the risk profile and revenue opportunities of the Company.

10-KFY2025

The Company focuses investments in post-acute and long-term care, behavioral and mental health, physician practice management, regional health systems, and payer and provider services (non-clinical).

10-KFY2022

Healthcare Investing. AssuredIM established its private healthcare strategy in 2013. Through its healthcare opportunity funds, the Company offers to the healthcare services industry flexible capital solutions supporting mergers and acquisitions, acceleration of organic growth, consolidation, repositioning, shareholder liquidity, and restructuring opportunities. The Company focuses investments in post-acute and long-term care, behavioral and mental health, physician practice management, regional health systems, and payer and provider services (non-clinical).

10-KFY2021

AssuredIM established its private healthcare strategy in 2013. Through its healthcare opportunity funds, the Company offers to the healthcare services industry flexible capital solutions supporting mergers and acquisitions, acceleration of organic growth, consolidation, repositioning, shareholder liquidity, and restructuring opportunities.

10-KFY2022

the Company now operates in two distinct segments, Insurance and Asset Management

10-KFY2019
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Insurance

Market spend (2023–2025)
$50.4B
Market spend (2020–2022)
$62.2B
Recent vs prior
−19%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

8.9×EV / EBITDA

AGO trades at a -2.7-turn discount to the Insurance peer median of 11.6×.

EV / Revenue
5.0×
Net debt / EBITDA
2.6×
Peer median EV / EBITDA
11.6×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
14.9×3.6×2.8×$27.5B$10.2B
12.1×4.1×3.1×$6.4B$9.4B
11.2×2.3×-0.1×$61.1B$1.3B
Assured Guaranty Ltd.AGO
8.9×5.0×2.6×$951M$158M
8.2×0.6×-3.8×$76.9B$738M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Insurance. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)242026-02-27
  • 10-Q (quarterly)692026-05-08
  • 8-K (event)3862026-05-08
  • Proxy / DEF 14A522026-04-13
  • Activism (13D / DFAN / PREC)112014-07-01

Signals on file

  • critical

    Non-reliance disclosure

    2011-10-18

    1 Item 4.02 filing on file; financial-statement non-reliance.

  • watch

    Late-filing notice

    2011-11-10

    2 NT 10-K/10-Q filings on file.

  • elevated

    Activism on file

    2014-07-01

    11 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Assured Guaranty Ltd.: Issuer Brief | SE-Cluster