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ASSURED GUARANTY Assured Guaranty Ltd. Reports Results for Third Quarter 2021 Debt Issuances and Redemptions • Issued $ 400 million of 3.6 % senior notes due in 2051 , in addition to the $ 500 million of 3.15 % senior notes due in 2031 that were issued in second quarter 2021 . Redeemed $ 600 million of long - term debt in third quarter 2021 with interest rates between 5.000 % and 6.875 % . GAAP Highlights • • Net income attributable to Assured Guaranty Ltd. was $ 17 million , or $ 0.22 per share , ( ¹ ) for third quarter 2021 , including a $ 175 million pre - tax ( $ 138 million after - tax ) loss on debt extinguishment resulting from the voluntary early redemption of certain senior notes . Shareholders ' equity attributable to Assured Guaranty Ltd. per share was $ 88.42 as of September 30 , 2021 , the highest ever reported . Non - GAAP Highlights • • Adjusted operating income ( 2 ) was $ 34 million , or $ 0.45 per share , for third quarter 2021 , including a $ 175 million pre - tax ( $ 138 million after - tax ) loss on debt extinguishment resulting from the voluntary early redemption of certain senior notes . Adjusted operating shareholders ' equity ( 2 ) per share and adjusted book value ( ABV ) ( 2 ) per share reached record highs of $ 82.89 and $ 122.50 , respectively , as of September 30 , 2021 . Return of Capital to Shareholders • Third quarter 2021 capital returned to shareholders was $ 156 million , including the repurchase of 2.9 million shares for $ 140 million , and dividends of $ 16 million . Insurance Segment • Insurance segment adjusted operating income was $ 214 million for third quarter 2021 . • Gross written premiums ( GWP ) were $ 106 million for third quarter 2021 . • Present value of new business production ( PVP ) ( 2 ) was $ 96 million for third quarter 2021 . Asset Management Segment Asset Management segment adjusted operating loss was $ 7 million for third quarter 2021 . Gross inflows were $ 916 million for third quarter 2021 . Hamilton , Bermuda , November 4 , 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 September 30 , 2021 ( third quarter 2021 ) . “ The trend toward greater use of bond insurance continued in the third quarter , pushing insurance penetration of the municipal bond market to the highest levels in a decade for both a third quarter and any nine - month period , ” said President and CEO Dominic Frederico . “ Assured Guaranty continued to lead the municipal bond insurance industry with a third - quarter market share of almost two - thirds of primary - market insured par sold . " Global public finance production combined with solid structured finance results to produce $ 96 million of PVP , a very strong result for a third quarter that , in the last decade , is second only to the third quarter of 2020. At quarter - end , all of our per - share measures of shareholder value stood at new highs . " ( 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