Assured Guaranty第三季调整后营业利润8600万美元、每股1.94美元：当季新业务现值1.28亿美元，调整后账面价值每股192.60美元创历史新高
百慕大汉密尔顿消息—金融担保保险企业 Assured Guaranty Ltd.（纽交所：AGO）11月5日公布截至2026年9月30日的第三季度业绩。按公司官方业绩稿正文，该季调整后营业利润为8600万美元、每稀释股1.94美元，去年同期为1.24亿美元、每股2.57美元；按美国通用会计准则，归属公司净利为7800万美元、每稀释股1.75美元，去年同期为1.05亿美元、每股2.18美元。
分部方面，金融担保分部调整后营业利润为1.15亿美元，去年同期为1.45亿美元；业绩稿称，下降主要源于该季出现100万美元损失费用，而上年同期为3100万美元损失收益，另有交易证券公允价值由上年同期的800万美元收益转为200万美元亏损，以及被投资方收益减少700万美元，部分被净已赚保费与信用衍生品收入增加1600万美元所抵销—该项收入该季为1.15亿美元，去年同期为9900万美元。该季金融担保损失费用仅100万美元，净经济损失发展为2700万美元收益。
新业务方面，该季金融担保新业务保费现值（PVP）为1.28亿美元，总承保保费（GWP）为1.27亿美元，承保总面值为75.41亿美元；2026年前九个月合计 GWP 为2.78亿美元、PVP 为2.80亿美元，公司称美国公共融资、非美国公共融资与全球结构性融资三个市场前九个月的 GWP 与 PVP 均同比显著增长，全球结构性融资两项指标均翻倍。
每股价值指标方面，截至9月30日，调整后营业股东权益每股为131.99美元、调整后账面价值（ABV）每股为192.60美元，业绩稿称两者均为公司历史最高水平；股东权益每股为122.91美元，低于2025年底的125.32美元，公司称主要受利率上升环境下投资组合未实现亏损影响。总裁兼首席执行官 Dominic Frederico 在业绩稿中表示，前九个月强劲的新业务生产显示了公司当前增长策略的成效。
Assured Guaranty Third-Quarter Adjusted Operating Income of $86 Million, or $1.94 Per Share; New Business PVP of $128 Million and Record Adjusted Book Value of
HAMILTON, Bermuda — Assured Guaranty Ltd. (NYSE: AGO) announced on November 5 its financial results for the three-month period ended September 30, 2026. According to the company's official earnings release, third-quarter adjusted operating income was $86 million, or $1.94 per diluted share, compared with $124 million, or $2.57 per share, a year earlier. On a GAAP basis, net income attributable to the company was $78 million, or $1.75 per diluted share, compared with $105 million, or $2.18 per share, a year earlier.
The Financial Guaranty segment's adjusted operating income decreased to $115 million from $145 million a year earlier. The release attributed the decrease primarily to a $1 million loss expense in the quarter compared with a $31 million benefit a year earlier, fair value losses on trading securities of $2 million compared with gains of $8 million, and a $7 million decrease in equity in earnings of investees, partially offset by a $16 million increase in net earned premiums and credit derivative revenues, which rose to $115 million from $99 million. Financial guaranty loss expense was $1 million in the quarter, and net economic loss development was a benefit of $27 million.
New business production in the quarter, measured by present value of new business production (PVP), was $128 million, with gross written premiums of $127 million and gross par written of $7,541 million. For the first nine months of 2026, the company generated $278 million of GWP and $280 million of PVP, and said all three markets — U.S. public finance, non-U.S. public finance and global structured finance — achieved significant year-over-year increases in both measures, with global structured finance doubling its GWP and PVP.
As of September 30, 2026, adjusted operating shareholders' equity per share was $131.99 and adjusted book value (ABV) per share was $192.60, which the release said were the highest per-share levels in the company's history. Shareholders' equity per share was $122.91, down from $125.32 at December 31, 2025, primarily due to unrealized losses in the investment portfolio in the rising interest rate environment. President and Chief Executive Officer Dominic Frederico said in the release that strong new business production in the first nine months demonstrated the success of the company's current growth strategy across its financial guaranty franchise.
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来源：Athene 与 AGO 公司公告（
发布：GSM·美国（发布链接）
图片来源：百慕大汉密尔顿市景，AGO 总部所在地（资料图）。（图／Wikimedia Commons，CC BY-SA 4.0）| Hamilton, Bermuda, home to AGO headquarters (file photo). (Photo: Wikimedia Commons, CC BY-SA 4.0)
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