Assured Guaranty Q2 FY26 net income falls to $39 million; adjusted operating income rises to $55 million

Assured Guaranty posted GAAP net income attributable to shareholders of $39 million, or $0.88 per diluted share, in Q2 2026.

Adjusted operating income (non-GAAP) rose to $55 million, or $1.23 per diluted share, from $50 million a year earlier.

GAAP shareholders’ equity was $5.56 billion, or $126.18 per share, at June 30, 2026; adjusted operating shareholders’ equity (non-GAAP) was $5.72 billion.

Gross written premiums were $81 million; present value of new business production (non-GAAP) was $79 million, with first-half GWP up 26% and PVP up 48%.

Returned $62 million of capital, including $45 million of share repurchases and $17 million of dividends; CEO Dominic Frederico highlighted record per-share valuation metrics.