Assured Guaranty acquisitions, on the record

Word for word“As part of the Sound Point Transaction on July 1, 2023, AssuredIM London sold its business to a Sound Point affiliate and ceased business operations.” 10-K for 2023

Word for word“Until July 1, 2023, the Company served as an investment advisor to primarily CLOs and opportunity funds, through AssuredIM.” 10-K for 2023

Word for word“Gain on sale of asset management subsidiaries 262 — — Other income (loss) 61 17 21 Total revenues 1,373 723 848 Expenses: Loss and LAE (benefit) 162 16 (220) Interest expense 90 81 87 Loss on extinguishment of debt — — 175 Amortization of deferred acquisition cost (DAC) 13 14 14 Employee compensation and benefit expenses 251 258 230 Other operating expenses 217 167 179 Total expenses 733 536 465 Income (loss) before income taxes and equity in earnings (losses) of investees 640 187 383 Equity in earnings (losses) of investees 28 (39) 94 Income (loss) before income taxes 668 148 477 Less: Provision (benefit) for income taxes (93) 11 58 Net income (loss) 761 137 419 Less: Noncontrolling interests 22 13 30 Net income (loss) attributable to Assured Guaranty Ltd. $ 739 $ 124 $ 389 Effective tax rate (13.9) % 7.2 % 12.2 % Net income attributable to AGL in 2023 was higher compared with 2022 primarily due to the following: • the gain associated with the Sound Point Transaction and AHP Transaction, net of transaction expenses, of $222 million (pre-tax), • the benefit related to Bermuda tax law changes of $189 million, • foreign exchange remeasurement gains in 2023, compared with losses on 2022, • higher income from fixed-maturity and alternative investment portfolio, • fair value gains on credit derivatives in 2023 compared with losses in 2022, and 79 • fair value gains on trading securities in 2023 compared with losses in 2022.” 10-K for 2023

Word for word“On October 1, 2019, the U.S. Insurance Subsidiaries made 10-year, 3.5% interest rate intercompany loans to AGUS, aggregating $250 million, to fund the acquisition of BlueMountain Capital Management LLC (AssuredIM LLC, now known as Sound Point Luna LLC) and its associated entities, and the related capital contributions.” 10-K for 2023

Word for word“In addition, in 2012 AGUS borrowed $90 million from its affiliate AGRO to fund the acquisition of Municipal Assurance Corp.” 10-K for 2023

Word for word“Since 2009, the Company has acquired financial guaranty portfolios, including by acquiring legacy financial guarantors or acquiring (through reinsurance) substantial portions of their insured portfolios, and by commuting business that the Company had previously ceded prior to 2009 to various non-affiliated legacy financial guarantors and multiline reinsurers that were active in the financial guaranty reinsurance market.” 10-K for 2024

Word for word“On January 21, 2026, the Company purchased all of the outstanding share capital in Warwick Company (UK) Limited (which is the 100% indirect owner of Assured Life Reinsurance Ltd. (Assured Life Re, f/k/a Warwick Re Limited), for a purchase price of $158 million, subject to certain post-closing adjustments (Assured Life Re Acquisition).” 10-K for 2025