Quarterly ResultMay 7, 2026, 04:26 PM
Assured Guaranty Q1 Net Income $88M, GWP $70M, PVP $73M
AI Summary
Assured Guaranty Ltd. reported Q1 2026 net income of $88 million ($1.91 per share) and adjusted operating income of $115 million ($2.50 per share). Gross written premiums (GWP) doubled to $70 million, and present value of new business production (PVP) nearly doubled to $73 million. The company returned $93 million to shareholders through share repurchases and dividends and expanded into annuity reinsurance with the acquisition of Assured Life Reinsurance Ltd.
Key Highlights
- Net income attributable to AGL was $88 million ($1.91 per share) for Q1 2026.
- Adjusted operating income was $115 million ($2.50 per share) for Q1 2026.
- Gross written premiums (GWP) doubled to $70 million in Q1 2026.
- Present value of new business production (PVP) nearly doubled to $73 million in Q1 2026.
- Returned $93 million to shareholders in Q1 2026, including $75 million in share repurchases.
- Acquired Warwick Re Limited, expanding into annuity reinsurance.
- Asset Management segment adjusted operating income rose to $44 million from $12 million.
- Shareholders' equity per share was $124.28 as of March 31, 2026.