Assured Guaranty Q2 Profit Down

(RTTNews) - Assured Guaranty Ltd. (AGO) Thursday reported second-quarter net income of $159 million or $0.89 per share, up from $219 million or $1.16 per share last year.

Second-quarter operating income increased to $101 million or $0.56 per share, up from $98 million or $0.52 per share last year.

Total revenues for the quarter were $353 million, down from $465 million last year. Adjusted net earned premiums were $141 million, down from $178 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.35 per share on revenues of $203.5 million for the quarter. Analysts' estimates typically exclude special items.