Assured Guaranty Posts Record Equity Metrics and Strong New Business Growth

Earnings
โดย Insider Monkey·US·Read original
Summary · why it matters

Assured Guaranty closed the first half of 2026 with record shareholders' equity, adjusted operating shareholders' equity, and adjusted book value per share, while new business production climbed to $152 million in present value of new business production, up from $103 million a year earlier. US public finance alone generated $106 million of PVP in the first half, more than the entire company produced in the first half of 2025, and global structured finance PVP more than doubled to $35 million from $15 million. Second quarter adjusted operating income rose 22% year-over-year to $55 million, or $1.23 per share, helped by loss expense falling to $4 million from $28 million. The company repurchased 554,000 shares for $45 million and paid $17 million in dividends, with the quarterly dividend per share now at $0.38. However, the Brightline transaction remained the biggest driver of economic loss development, and Thames Water stayed a live issue, while the alternative investment book took a $19 million mark-to-market loss tied to a CLO equity fund investment.

Impact on stocks 1

Financials▲ · 1 stocks
Assured Guaranty Ltd
AGO
▲ PositiveCapitalrelevance

Record equity metrics, strong new business growth, and increased dividend are positive financial results.

Off-coverage companies 2

Brightline (Florida East Coast Industries / Brightline Holdings)Private▼ Negative
Capitalrelevance

Brightline transaction is the biggest driver of economic loss development.

Thames WaterPrivate▼ Negative
Capitalrelevance

Thames Water remains a live issue for Assured Guaranty, indicating potential losses.

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