AGO ASSURED GUARANTY LTD

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2025: $131M, Q2 2025: $152M, Q1 2025: $129M, Q3 2024: $64M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $131M vs trailing avg $115M (+14%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Negative FCF ($-181M), cannot compute buyback ratio

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

2 open-market purchases by 1 insiders

• BUZEN DAVID A. (Head of Asset Management*) bought 1,800 shares at $50.50 on 2022-08-05
• BUZEN DAVID A. (Head of Asset Management*) bought 4,000 shares at $50.50 on 2022-08-05

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $0M, sold $55M (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 189.0x more than bought. 5 C-suite officers among sellers

• FREDERICO DOMINIC (President/CEO/Deputy Chairman) sold 25,000 shares on 2025-09-23
• Bailenson Robert (Chief Operating Officer) sold 40,000 shares on 2025-08-11
• FREDERICO DOMINIC (President/CEO/Deputy Chairman) sold 71,917 shares on 2025-05-19
• FREDERICO DOMINIC (President/CEO/Deputy Chairman) sold 10,438 shares on 2025-05-20
• Bieling Laura (Chief Accounting Officer) sold 2,649 shares on 2025-05-13
• FREDERICO DOMINIC (President/CEO/Deputy Chairman) sold 34,000 shares on 2024-12-10
• Bailenson Robert (Chief Operating Officer) sold 25,000 shares on 2024-11-26
• FREDERICO DOMINIC (President/CEO/Deputy Chairman) sold 27,539 shares on 2024-09-04
• FREDERICO DOMINIC (President/CEO/Deputy Chairman) sold 3,461 shares on 2024-09-04
• FREDERICO DOMINIC (President/CEO/Deputy Chairman) sold 40,000 shares on 2024-06-20