The renamed Assured Life Re generated adjusted operating income of $2 million in the second quarter, following Assured Guaranty’s acquisition of Warwick Re in January. Dominic Frederico, president and chief executive of Assured Guaranty, pointed to “the progress we have made and the market’s reception” of Assured Life Re. Assured Guaranty’s financial guaranty business is still the group’s largest earnings contributor. Shareholders’ equity per share rose to $126.18, adjusted operating shareholders’ equity reached $129.94 per share and adjusted book value climbed to $189.72 per share. Assured Guaranty returned $62 million to shareholders through share repurchases and dividends during the quarter.