HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Assured Guaranty Ltd. (AGO) on Tuesday reported first-quarter profit of $109 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $1.89. Earnings, adjusted for non-recurring costs, came to $1.96 per share.
The insurance holding company posted revenue of $245 million in the period. Its adjusted revenue was $229 million.
Assured Guaranty shares have risen roughly 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $78.42, an increase of 48% in the last 12 months.
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