ASSURED GUARANTY LTD
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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Jun 30, 2026 · Filed Aug 7, 2026
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Corporate Division Results
Corporate Division Results
| Second Quarter | Six Months | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (in millions) | ||||
| Revenues | ||||
| Bargain purchase gain | $— | $— | $6 | $— |
| Other | 3 | 4 | 5 | 8 |
| Total revenues | 3 | 4 | 11 | 8 |
| Expenses | ||||
| Interest expense | 24 | 26 | 48 | 50 |
| Employee compensation and benefit expenses | 7 | 6 | 14 | 14 |
| Other operating expenses | 7 | 7 | 19 | 15 |
| Total expenses | 38 | 39 | 81 | 79 |
| Equity in earnings (losses) of investees | 4 | 3 | 23 | 19 |
| Adjusted operating income (loss) before income taxes | (31) | (32) | (47) | (52) |
| Less: Provision (benefit) for income taxes | (3) | (3) | (4) | (3) |
| Adjusted operating income (loss) | $(28) | $(29) | $(43) | $(49) |
In connection with the Assured Life Re Acquisition, the Company recognized a provisional bargain purchase gain of $6 million in six months 2026. See Item 1. Financial Statements, Note 2. Assured Life Re Acquisition, for additional information.
Corporate division interest expense primarily relates to debt issued by the U.S. Holding Companies, and also includes intersegment interest expense. See “— Liquidity and Capital Resources — AGL and its U.S. Holding Companies, Intercompany Loans Payable” for additional information.
Corporate division employee compensation and benefits expenses and other operating expenses are an allocation of expenses based on time studies and represent the costs incurred and time spent on holding company activities, capital management, corporate oversight and governance including the Board’s expenses, legal fees and other direct or allocated expense. Other operating expenses were higher in six months 2026 compared with six months 2025 primarily due to higher professional fees related to Assured Life Re Acquisition. Equity in earnings of investees relates to certain alternative investments.
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