The bond insurer is expected to post lower profits as revenue drops amid reduced municipal bond issuance and higher claims.
Assured Guaranty prepares to release quarterly earnings following a steep revenue decline. The bond insurer has faced headwinds from reduced municipal bond issuance and increased claims activity, pressuring its top line.
Analysts anticipate a year-over-year drop in earnings, reflecting broader challenges in the municipal bond market. The company previously reported a 20% revenue decline in its last quarter, citing lower new business volume and higher loss expenses.
Shares of Assured Guaranty (AGO) have underperformed peers this year, down 12% amid concerns over its exposure to distressed sectors like public finance and structured credit.