HAMILTON, Bermuda (AP) _ Assured Guaranty Ltd. (AGO) on Thursday reported fourth-quarter earnings of $137 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had net income of $1.42. Earnings, adjusted for non-recurring gains, came to 90 cents per share.
The insurance holding company posted revenue of $296 million in the period. Its adjusted revenue was $197 million.
For the year, the company reported profit of $402 million, or $4 per share. Revenue was reported as $858 million.
Assured Guaranty shares have dropped 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.68, an increase of almost 1% in the last 12 months.