Assured Guaranty reports a high net income decrease in Q2 2016

Assured Guaranty experienced a net income fall of over 50 percent to $146 million in the second quarter of 2016, from the $297 million it reported for the same period of 2015.

The company said that the high profits it reported last year were due to its acquisition of Radian Asset Assurance.

The company also reported a slight fall in net earned premiums, going from $219 million in the second quarter of 2015 to $214 million in the same period of this year.