Revenues | |
Net earned premiums | 231M |
Net investment income | 94M |
Net realized investment gains (losses): | |
Other-than-temporary impairment losses | |
Less: portion of other-than-temporary impairment loss recognized in other comprehensive income | 1M |
Other net realized investment gains (losses) | |
Net realized investment gains (losses) | -2M |
Net change in fair value of credit derivatives: | |
Realized gains and other settlements | |
Net unrealized gains (losses) | |
Net change in fair value of credit derivatives | |
Fair value gain (loss) on committed capital securities | -23M |
Net change in fair value of financial guaranty variable interest entities | |
Other income | -3M |
Total Revenues | 566M |
Expenses | |
Loss and loss adjustment expenses | -9M |
Amortization of deferred acquisition costs | 4M |
Assured Guaranty Municipal Holdings Inc. acquisition-related expenses | |
Interest expense | 26M |
Other operating expenses | 65M |
Total expenses | 86M |
Income (loss) before income taxes | 480M |
Provision (benefit) for income taxes | |
Current | 18M |
Deferred | -17M |
Total provision (benefit) for income taxes | 1M |
Net income (loss) | |
Earnings per share: | |
Basic (in dollars per share) | 3.63 |
Diluted (in dollars per share) | 3.6 |
Dividends per share (in dollars per share) | 0.13 |