Assured Guaranty posts $39M Q2 net income, adjusted operating EPS $1.23; ABV $189.72

Assured Guaranty reported net income attributable to the company of $39 million, or $0.88 per diluted share, for the quarter ended June 30, 2026, and adjusted operating income of $55 million, or $1.23 per diluted share. Shareholders’ equity per share was $126.18 and adjusted book value (ABV) per share was $189.72 as of June 30, 2026. The company returned $62 million of capital to shareholders in Q2 2026, including $45 million in share repurchases and $17 million in dividends.

Financial Highlights

• Net income attributable to the company: $39 million for Q2 2026; diluted net income per share: $0.88.
• Adjusted operating income (non-GAAP): $55 million for Q2 2026; adjusted operating income per diluted share: $1.23.
• Shareholders’ equity attributable to the company: $5,559 million, or $126.18 per share, as of June 30, 2026.
• Adjusted operating shareholders’ equity: $5,724 million, or $129.94 per share; ABV: $8,358 million, or $189.72 per share, as of June 30, 2026.
• Gross written premiums (GWP): $81 million for Q2 2026; present value of new business production (PVP): $79 million for Q2 2026.

Business Highlights

• Financial Guaranty segment produced $81 million of GWP in Q2, led by U.S. public finance and global structured finance activity.
• PVP growth driven by U.S. public finance infrastructure transactions and expanded structured finance activity (including fund finance and life-insurer capital management business).
• Annuity reinsurance operations (Assured Life Re) added following January 2026 acquisition; Q2 reported segment adjusted operating income of $2 million and reinsures blocks of PRT and MYGA business.
• Financial Guaranty segment adjusted operating income rose to $85 million in Q2 2026, reflecting lower loss expense and higher net earned premiums and credit derivative revenues.
• Company continued active capital management: repurchased $45 million of shares and paid $17 million in dividends in Q2; total share repurchases year-to-date 2026 were $130 million through August 5, 2026.

Original SEC Filing: ASSURED GUARANTY LTD [ AGO ] - 8-K - Aug. 06, 2026