ASSURED GUARANTY LTD
For the period ended Sep 30, 2026. Filed Nov 6, 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.
Sep 30, 2026 · Filed Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Corporate Division Results
Corporate Division Results
| Third Quarter | Nine Months | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (in millions) | ||||
| Revenues | ||||
| Bargain purchase gain | $— | $— | $6 | $— |
| Other | 2 | 3 | 7 | 11 |
| Total revenues | 2 | 3 | 13 | 11 |
| Expenses | ||||
| Interest expense | 24 | 24 | 72 | 74 |
| Employee compensation and benefit expenses | 5 | 6 | 19 | 20 |
| Other operating expenses | 6 | 8 | 25 | 23 |
| Total expenses | 35 | 38 | 116 | 117 |
| Equity in earnings (losses) of investees | 1 | 9 | 24 | 28 |
| Adjusted operating income (loss) before income taxes | (32) | (26) | (79) | (78) |
| Less: Provision (benefit) for income taxes | (1) | (2) | (5) | (5) |
| Adjusted operating income (loss) | $(31) | $(24) | $(74) | $(73) |
In connection with the Assured Life Re Acquisition, the Company recognized a provisional bargain purchase gain of $6 million in nine 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 Holding Companies — Long-Term Debt Obligations” 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 nine months 2026 compared with nine months 2025 primarily due to higher professional fees related to the Assured Life Re Acquisition.
Equity in earnings of investees relates to certain alternative investments. The income (loss) on such investments is reported in “equity in earnings (losses) of investees” and typically represents the Company’s share of earnings of its investees.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.