Item 2. Properties
ITEM 2. PROPERTIES
Management believes its office space is adequate for its current and anticipated needs. The Company’s office properties are used by its Insurance segment and its Corporate division and include the following:
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• Hamilton, Bermuda:
◦ approximately 8,700 square feet of office space that serves as the principal executive office of AGL, and as the principal offices of AG Re and AGRO. The lease expires in April 2026 and is renewable at the option of the Company.
• New York, U.S.:
◦ 155,500 square feet of office space that serves as the principal office of AG. Part of the lease expires in February 2032, with an option, subject to certain conditions, to renew for five years at a fair market rent, and part of the lease expires in December 2032. As of December 31, 2025, approximately 24,000 square feet of this office space was subleased to another tenant.
• London, U.K.:
◦ approximately 7,000 square feet of office space that serves as the principal office of AGUK. The lease expires in September 2029, with an option, subject to certain conditions, to renew for five years at a fair market rent.
• Paris, France:
◦ approximately 2,800 square feet of office space that serves as the principal office of AGE. The lease expires in March 2029.
• Other: The Company leases other space in San Francisco, California; Asheville, North Carolina; Sydney, Australia; and Singapore.
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