Assured Guaranty (NYSE: AGO) reported Q2 EPS of $1.59, $0.83 better than the analyst estimate of $0.76.

“At mid-year, our key measures of shareholder value – shareholders’ equity, adjusted operating shareholders’ equity and adjusted book value - stood at all-time highs on a per-share basis,” said President and CEO Dominic Frederico. “Our insurance production has been very strong, with total first-half gross premiums written and PVP reaching $171 million and $167 million, respectively. After a first quarter driven by exceptional new business production in U.S. public finance, second-quarter production was well distributed across our U.S. and international public finance and global structured finance businesses, illustrating again the advantage of what S&P Global Ratings recently described as our ‘well-defined, diverse underwriting strategy’ in their July report affirming our AA with Stable Outlook financial strength ratings.

“Assured Investment Management has continued its progress since the beginning of the year,” Mr. Frederico added, “increasing AUM to $17.6 billion, aided by the issuance of three CLOs, and bringing fee-earning AUM to 93% of the total. Fee-earning AUM on June 30, 2021 was $16.3 billion, a 64% increase over the $9.9 billion in fee-earning AUM a year earlier on June 30, 2020.”

For earnings history and earnings-related data on Assured Guaranty (AGO) click here.