BIG (below-investment-grade) by asset type
| Asset type | BIG net par ($M) |
|---|
BIG = credits AGO rates below investment grade internally. $8.5B is 3.0% of the $281.4B book.
BIG exposures over $50M — the named watch list
Every named BIG credit above $50M from the 2Q26 supplement. BIG slices are shown separately from total-exposure rows (e.g. Palomar's $374M CCC slice vs its $637M B- total).
| Name | Sector | Net par ($M) | Rating |
|---|
Loss measures — kept distinct
These are different accounting concepts, not interchangeable. AGO does not disclose expected loss by individual credit; any name-level loss allocation on this site is labeled analyst judgment.
25 largest US structured-finance exposures
$6,368M combined.
| # | Credit | Net par ($M) | Rating |
|---|
Tape vs book — reconciliation