Assured Guaranty: Q2 Earnings Snapshot
HAMILTON, Bermuda (AP) _ Assured Guaranty Ltd. (AGO) on Wednesday reported a second-quarter loss of $47 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 74 cents. Earnings, adjusted for non-recurring costs, came to 46 cents per share.
The insurance holding company posted revenue of $90 million in the period.
Assured Guaranty shares have increased 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58.86, a climb of 23% in the last 12 months.