ASSURED GUARANTY LTD

The Company conducts financial guaranty business through its insurance subsidiaries:

•Assured Guaranty Inc. (AG), domiciled in Maryland and formerly known as Assured Guaranty Corp., and its insurance subsidiaries:

▪Assured Guaranty UK Limited (AGUK), organized in the U.K.;

▪Assured Guaranty (Europe) SA (AGE), organized in France;

•AG Re, domiciled in Bermuda, and its insurance subsidiary:

▪Assured Guaranty Re Overseas Ltd. (AGRO), domiciled in Bermuda.

The following is a description of the Company’s insurance subsidiaries:

•Assured Guaranty Inc. AG is located in New York and domiciled in Maryland, was organized in 1985 and commenced operations in 1988. It provides financial guaranty insurance and reinsurance in the U.S., U.K., European Economic Area (EEA) and certain other countries. Effective August 1, 2024, AG’s U.S. affiliate, Assured Guaranty Municipal Corp. (AGM) merged with and into AG, with AG as the surviving company. Prior to the merger, AGM was an insurance subsidiary of the Company.

•Assured Guaranty UK Limited AGUK provides financial guaranties in the U.K. and certain other non-EEA countries. AGUK is a U.K. incorporated private limited company licensed as a U.K. insurance company and located in England. AGUK was organized in 1990 and issued its first financial guaranty in 1994.

•Assured Guaranty (Europe) SA. AGE (together with AGUK, the European Insurance Subsidiaries) is a French incorporated company located in France and established in 2019 that has been authorized by the French insurance and banking supervisory authority, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), to conduct financial guaranty business. AGE writes new business in the EEA.

•Assured Guaranty Re Ltd. AG Re primarily underwrites financial guaranty reinsurance of certain affiliated companies and third-party primary insurers. AG Re is incorporated under the laws of Bermuda and is licensed as a Class 3B insurer under the Insurance Act 1978 and related regulations of Bermuda.

•Assured Guaranty Re Overseas Ltd. AGRO underwrites direct and assumed financial guaranty insurance, and also underwrites specialty business. AGRO is incorporated under the laws of Bermuda and is licensed as a Bermuda Class 3A and Class C insurer.