ASSURED GUARANTY LTD
For the period ended Mar 31, 2026. Filed May 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
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Asset Management Segment Results
Asset Management Segment Results
| First Quarter | ||
|---|---|---|
| 2026 | 2025 | |
| (in millions) | ||
| Segment revenues | $118 | $6 |
| Less: Segment expenses | 68 | 4 |
| Equity in earnings (losses) of investees | 6 | 13 |
| Segment adjusted operating income (loss) before income taxes | 56 | 15 |
| Less: Provision (benefit) for income taxes | 12 | 3 |
| Segment adjusted operating income (loss) | $44 | $12 |
Results in the table above primarily represent (i) equity in earnings (losses) of Sound Point $6 million in first quarter 2026 and $13 million in first quarter 2025 (Sound Point results are reported on a one quarter lag), net of the amortization of finite-lived intangible assets associated with the basis difference in Sound Point, and (ii) other asset management related income, including the impact of the payout of carried interest from the sale of the underlying asset in a single-asset fund.
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