Quarterly ResultMay 8, 2026, 08:46 AM
Assured Guaranty Q1 Net Income $88M, EPS $1.91; Assured Life Re Acquired
AI Summary
Assured Guaranty Ltd. reported a significant decline in its first-quarter 2026 financial results, with net income attributable to the company falling to $88 million from $176 million year-over-year, and diluted EPS decreasing to $1.91 from $3.44. Total revenues also saw a notable drop to $261 million from $345 million. The company completed the acquisition of Assured Life Reinsurance Ltd. for $158 million, recognizing a $6 million bargain purchase gain, and established a new Annuity Reinsurance segment.
Key Highlights
- Net income attributable to Assured Guaranty Ltd. was $88 million in Q1 2026, down from $176 million in Q1 2025.
- Diluted earnings per share were $1.91 in Q1 2026, compared to $3.44 in Q1 2025.
- Total revenues for Q1 2026 were $261 million, a decrease from $345 million in Q1 2025.
- The company acquired Assured Life Reinsurance Ltd. for $158 million on January 21, 2026.
- A provisional bargain purchase gain of $6 million was recognized from the Assured Life Re Acquisition.
- Financial Guaranty segment adjusted operating income was $102 million in Q1 2026, down from $168 million.
- Asset Management segment adjusted operating income increased to $44 million in Q1 2026 from $12 million.
- Net cash flows from operating activities increased to $190 million in Q1 2026 from $87 million.