HAMILTON, Bermuda (AP) 鈥� HAMILTON, Bermuda (AP) 鈥� Assured Guaranty Ltd. (AGO) on Thursday reported first-quarter profit of $88 million.
The Hamilton, Bermuda-based company said it had net income of $1.91 per share. Earnings, adjusted for one-time gains and costs, were $2.50 per share.
The insurance holding company posted revenue of $261 million in the period. Its adjusted revenue was $182 million.
Assured Guaranty shares have decreased 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $82.50, a fall of roughly 6% in the last 12 months.
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