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Assured Guaranty Executive Compensation (FY25)

AGO · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 5, 2026
230 figures on this page: 220 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
The disclosed peer group names Affiliated Managers Group, Inc., AllianceBernstein Holding L.P., Assurant, Inc., AXIS Capital Holdings Limited and Everest Re Group, Ltd., among others. Dominic Frederico, President and Chief Executive Officer, received $13,841,716 in total compensation for fiscal 2025, and Frederico's total was 7.3% lower than the $14,933,252 reported for fiscal 2024, while for fiscal 2025, the company reported a chief executive pay ratio of 42.1:1, against median employee compensation of $328,498. The say-on-pay proposal drew 91.9% support at the meeting held May 1, 2026 for fiscal 2025.
Chief executive, fiscal 2025
◇
Dominic Frederico
Latest say-on-pay support
=
May 1, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Dominic Frederico: $14,933,252 → $13,841,716 (7.3% lower)
CEO pay ratio: 47.5:1 → 42.1:1 (11.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Assured Guaranty's chief executive and what were they paid?
Dominic Frederico, President and Chief Executive Officer, received $13,841,716 in total compensation for fiscal 2025. Frederico's total was 7.3% lower than the $14,933,252 reported for fiscal 2024.
What was Assured Guaranty's say-on-pay result?
The say-on-pay proposal drew 91.9% support at the meeting held May 1, 2026 for fiscal 2025.
Which companies are in Assured Guaranty's peer group?
The disclosed peer group names Affiliated Managers Group, Inc., AllianceBernstein Holding L.P., Assurant, Inc., AXIS Capital Holdings Limited and Everest Re Group, Ltd., among others.
What is Assured Guaranty's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 42.1:1, against median employee compensation of $328,498.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dominic Frederico
President and Chief Executive Officer
◇—◇—◇—◇◇
Robert Bailenson
Chief Operating Officer
◇—◇—◇—◇◇
Ling Chow
General Counsel
◇—◇—◇—◇◇
Stephen Donnarumma
Chief Credit Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dominic Frederico
President and Chief Executive Officer
◇—◇—◇—◇◇
Robert Bailenson
Chief Operating Officer
◇—◇—◇—◇◇
Ling Chow
General Counsel
◇—◇—◇—◇◇
Benjamin Rosenblum
Chief Financial Officer
◇—◇—◇—◇◇
Stephen Donnarumma
Chief Credit Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dominic Frederico
President and Chief Executive Officer
◇—◇—◇—◇◇
Robert Bailenson
Chief Operating Officer
◇—◇—◇—◇◇
Ling Chow
General Counsel
◇—◇—◇—◇◇
Benjamin Rosenblum
Chief Financial Officer
◇—◇—◇—◇◇
Stephen Donnarumma
Chief Credit Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Benjamin RosenblumPSU——————◇
Dominic FredericoPSU——————◇
Ling ChowPSU——————◇
Robert BailensonPSU——————◇
Stephen DonnarummaPSU——————◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Benjamin RosenblumRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Robert BailensonRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Dominic FredericoRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Ling ChowRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Stephen DonnarummaRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Francisco L. Borges
Board chair
◇◇———◇◇
Bonnie L. Howard
◇◇———◇◇
Lorin P.T. Radtke
◇◇———◇◇
Alan J. Kreczko
◇◇———◇◇
Thomas W. Jones
◇◇———◇◇
Antonio Ursano, Jr
◇◇———◇◇
Courtney C. Shea
◇◇———◇◇
Mark C. Batten
◇◇————◇
Yukiko Omura
◇◇————◇
Dominic J. Frederico served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board equity retainer◇
Total board retainer◇
Equity is delivered as Restricted Shares.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Affiliated Managers Group, Inc. AMG
  • AllianceBernstein Holding L.P. AB
  • Assurant, Inc. AIZ
  • AXIS Capital Holdings Limited AXS
  • Everest Re Group, Ltd. EG
  • Federated Hermes, Inc. FHI
  • First American Financial Corporation FAF
  • Janus Henderson Group plc JHG
  • MGIC Investment Corporation MTG
  • Radian Group Inc. RDN
  • RenaissanceRe Holdings Ltd. RNR
  • Selective Insurance Group, Inc. SIGI
  • SiriusPoint Ltd. SPNT
  • The Hanover Insurance Group, Inc. THG
  • Virtus Investment Partners, Inc. VRTS
  • White Mountains Insurance Group, Ltd. WTM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 1, 2026=◇◇◇
2024May 2, 2025=◇◇◇
2023May 2, 2024=◇◇◇
2021May 4, 2022=◇◇◇
2020May 5, 2021=◇◇◇
2019May 6, 2020=◇◇◇
2018May 8, 2019=◇◇◇
2017May 2, 2018=◇◇◇
2016May 3, 2017=◇◇◇
2015May 4, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Assured Guaranty disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Assured Guaranty sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
230 figures on this page: 220 cited to the filing that reported them, 10 calculated from figures it prints.
220 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001273813-26-000058
  2. 0001273813-26-000028
    CEO Pay Ratio · DIRECTOR COMPENSATION · Director Compensation · Grants of Plan-Based Awards · and 2 more sections
  3. 0001273813-25-000029
  4. 0001273813-25-000020
    SUMMARY COMPENSATION TABLE
  5. 0001273813-24-000026
  6. 0001273813-24-000015
    SUMMARY COMPENSATION TABLE
  7. 0001273813-22-000029
  8. 0001273813-21-000017
  9. 0001273813-20-000020
  10. 0001273813-19-000027
  11. 0001273813-18-000022
  12. 0001273813-17-000023
  13. 0001273813-16-000071
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Velarion, “Assured Guaranty executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/AGO (accessed 2026).
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Assured Guaranty discloses

The companies named in AGO's own disclosed peer group.

Affiliated Managers Group, Inc.AXIS Capital Holdings LimitedEverest Re Group, Ltd.Janus Henderson Group plcMGIC Investment CorporationRadian Group Inc.RenaissanceRe Holdings Ltd.Selective Insurance Group, Inc.SiriusPoint Ltd.The Hanover Insurance Group, Inc.Virtus Investment Partners, Inc.White Mountains Insurance Group, Ltd.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy