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ASSURED GUARANTY GAAP Highlights • Assured Guaranty Ltd. Reports Results for Second Quarter 2021 Net income attributable to Assured Guaranty Ltd. was $ 98 million , or $ 1.29 per share , ( ¹ ) for second quarter 2021 . Shareholders ' equity attributable to Assured Guaranty Ltd. per share was $ 87.74 as of June 30 , 2021 , the highest ever reported . Non - GAAP Highlights • Adjusted operating income ( 2 ) was $ 120 million , or $ 1.59 per share , for second quarter 2021 . Adjusted operating shareholders ' equity ( 2 ) per share and adjusted book value ( ABV ) ( 2 ) per share reached record highs of $ 81.81 and $ 119.72 , respectively , as of June 30 , 2021 . Return of Capital to Shareholders • Second quarter 2021 capital returned to shareholders was $ 105 million , including share repurchases of $ 88 million , or 1.9 million shares , and dividends of $ 17 million . On August 4 , 2021 , the Board of Directors authorized an additional $ 350 million in share repurchases . Debt Issuance and Redemptions • • Issued $ 500 million of 3.15 % Senior Notes due in 2031 . Redeemed $ 200 million of long - term debt on July 9 , 2021 : $ 100 million of 6 7 / 8 % Quarterly Interest Bonds due in 2101 and $ 100 million of 6.25 % Notes due in 2102 . Insurance Segment • • Insurance segment adjusted operating income was $ 152 million for second quarter 2021 . Gross written premiums ( GWP ) were $ 84 million for second quarter 2021 . Present value of new business production ( PVP ) ( ² ) was $ 81 million for second quarter 2021 . Asset Management Segment • • Asset Management segment adjusted operating loss was $ 2 million for second quarter 2021 . Gross inflows were $ 426 million for second quarter 2021 . Hamilton , Bermuda , August 5 , 2021 Assured Guaranty Ltd. ( NYSE : AGO ) ( AGL and , together with its consolidated entities , Assured Guaranty or the Company ) announced today its financial results for the three - month period ended June 30 , 2021 ( second quarter 2021 ) . - " 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 . ( 1 ) All per share information for net income and adjusted operating income is based on diluted shares . ( 2 ) Please see " Explanation of Non - GAAP Financial Measures . " 1