ASSURED GUARANTY LTD
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
View on SEC.govAbout this filing
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.
Jun 30, 2026 · Filed Aug 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Cash Flow Summary
The summarized condensed consolidated statements of cash flows in the table below present the cash flow effect for the aggregate of the Financial Guaranty, Annuity Reinsurance and Asset Management segments and Corporate division, separately from the aggregate effect of consolidating FG VIEs and CIVs.
Summarized Condensed Consolidated Cash Flows
| Second Quarter | Six Months | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (in millions) | ||||
| Net cash flows provided by (used in) operating activities, excluding FG VIEs and CIVs operating cash flows | $42 | $56 | $88 | $143 |
| FG VIEs and CIVs operating cash flows | (2) | 22 | 142 | 22 |
| Net cash flows provided by (used in) operating activities | 40 | 78 | 230 | 165 |
| Net cash flows provided by (used in) investing activities, excluding FG VIEs and CIVs investing cash flows | 19 | 213 | 12 | 343 |
| FG VIEs and CIVs investing cash flows | 6 | 4 | (47) | 8 |
| Net cash flows provided by (used in) investing activities | 25 | 217 | (35) | 351 |
| Net cash flows provided by (used in) financing activities, excluding FG VIEs and CIVs financing cash flows | ||||
| Dividends paid | (17) | (17) | (36) | (36) |
| Repurchases of common shares | (45) | (131) | (120) | (251) |
| Other | 1 | (5) | (19) | (32) |
| FG VIEs and CIVs financing cash flows | (5) | (4) | (105) | (8) |
| Net cash flows provided by (used in) financing activities (1) | (66) | (157) | (280) | (327) |
| Effect of exchange rate changes | (1) | 5 | (3) | 8 |
| Increase (decrease) in cash and cash equivalents and restricted cash | (2) | 143 | (88) | 197 |
| Cash and cash equivalents and restricted cash at beginning of period | 333 | 182 | 419 | 128 |
| Cash and cash equivalents and restricted cash at the end of the period | $331 | $325 | $331 | $325 |
(1) Claims paid on FG VIEs are presented in the condensed consolidated statements of cash flows as a component of paydowns on FG VIEs’ liabilities in financing activities as opposed to operating activities.
Cash flows from operating activities were inflows of $230 million in six months 2026 and inflows of $165 million in six months 2025. The six months 2026 cash flow from operations attributable to FG VIEs and CIVs includes proceeds from sales of investments of a CIV, which were used to fund distributions and was subsequently deconsolidated. The six months 2025 cash flow from operations includes the receipt of $97 million in satisfaction of the judgment the Company was awarded and its recoveries in connection with the resolution of the LBIE litigation.
Investing activities primarily consisted of net sales (purchases) of fixed-maturity securities and short-term investments and paydowns on, and sales of, FG VIEs’ assets. In addition, during six months 2026, the Company paid $145 million (net of cash acquired), to acquire Assured Life Re. See Item 1. Financial Statements, Note 2. Assured Life Re Acquisition, for additional information.
Financing activities primarily consist of (i) AGL share repurchases and dividends, and (ii) paydowns of FG VIEs’ liabilities. In addition, six months 2026 cash flows include distributions to noncontrolling interests from a CIV.
From July 1, 2026 through August 5, 2026, the Company repurchased an additional 123 thousand common shares for $10 million. As of August 5, 2026, the Company was authorized to purchase $121 million of its common shares. For more information about the Company’s share repurchases and authorizations, see Item 1. Financial Statements, Note 14. Shareholders’ Equity.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.