Quarterly ResultAug 7, 2026, 08:38 AM
Assured Guaranty Q2 Net Income Down 62.2% to $39M; Acquires Assured Life Re
AI Summary
Assured Guaranty Ltd. reported a significant decline in Q2 2026 net income and diluted EPS, primarily driven by unfavorable foreign exchange movements and fair value changes compared to the prior year. The company's total revenues decreased to $195M, while net earned premiums saw a healthy increase. A key strategic development was the acquisition of Assured Life Reinsurance Ltd. for $158M in January 2026, which established a new Annuity Reinsurance segment contributing to revenues and adjusted operating income.
Key Highlights
- Assured Guaranty acquired Assured Life Reinsurance Ltd. for $158M on January 21, 2026.
- Q2 2026 net income attributable to Assured Guaranty Ltd. decreased 62.2% to $39M.
- Q2 2026 diluted earnings per share (EPS) decreased 57.7% to $0.88.
- Total revenues for Q2 2026 decreased 30.6% to $195M, primarily due to foreign exchange and fair value changes.
- Net earned premiums for Q2 2026 increased 14.6% to $102M.
- The company repurchased $120M of common shares in the first six months of 2026.
- The new Annuity Reinsurance segment generated $15M in revenue and $2M adjusted operating income in Q2 2026.
Price Impact
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