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Assured Guaranty posts 4Q profit

HAMILTON, Bermuda (AP) _ Assured Guaranty Ltd. (AGO) on Thursday reported fourth-quarter net income of $197 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $1.49. Earnings, adjusted for non-recurring gains, were $1.05 per share.

The insurance holding company posted revenue of $470 million in the period. Its adjusted revenue was $343 million.

For the year, the company reported profit of $881 million, or $6.56 per share. Revenue was reported as $1.31 billion.

Assured Guaranty shares have climbed almost 10 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.48, a climb of 74 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGO at https://www.zacks.com/ap/AGO


Keywords: Assured Guaranty, Earnings Report