Assured Guaranty Q3 net income falls, premiums rise on new business

Assured Guaranty

05/11/2026 21:50

Overview
US financial guaranty insurer's Q3 net income and adjusted operating income declined yr/yr
Q3 gross written premiums rose yr/yr, driven by growth in public and structured finance
Company returned $27 mln to shareholders in Q3, including $10 mln in share repurchases

Outlook
Company will evaluate capital uses quarterly, including growth, capital cushion and share repurchases
Assured Guaranty may repurchase shares depending on capital, market and regulatory factors
Company notes rising interest rates have impacted investment portfolio valuations

Result Drivers
NEW BUSINESS PRODUCTION - Co said growth in U.S. public finance, non-U.S. public finance, and global structured finance drove higher gross written premiums
LOWER LOSS BENEFIT AND INVESTMENT RETURNS - Co said lower loss benefit, fair value losses on trading securities, and reduced equity in earnings of investees weighed on segment operating income

Company press release: ID:nBw5905G5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Gross Written Premiums
 
$127 mln
 
Q3 EPS
 
$1.75
 
Q3 Net Income
 
$78 mln
 
Q3 Adjusted EBIT
 
$86 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "hold."
Wall Street's median 12-month price target for Assured Guaranty Ltd is $91.00, about 25.5% above its November 4 closing price of $72.51
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Nov 3 - Insurer American Financial Group's Q3 adj EPS beats on underwriting and premium growth
Nov 3 - AFG P&C combined ratio worsens 90 bps to 94% in comfortable Q3 earnings beat
Nov 4 - Allstate Q3 net income falls due to higher catastrophe losses, absence of prior-year sale gain

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)