HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Assured Guaranty Ltd. (AGO) on Thursday reported fourth-quarter net income of $119 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $2.53. Earnings, adjusted for non-recurring gains, came to $2.32 per share.
The insurance holding company posted revenue of $277 million in the period. Its adjusted revenue was $226 million.
For the year, the company reported profit of $503 million, or $10.26 per share. Revenue was reported as $870 million.
Assured Guaranty shares have declined roughly 4% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $86.64, a decline of slightly more than 5% in the last 12 months.
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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
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