Primus Guaranty, Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
For the nine months, total revenues were $389,384,000. Income from continuing operations before provision (benefit) for income taxes was $371,522,000 against loss from continuing operations before provision (benefit) for income taxes of $138,371,000 a year ago. Income from continuing operations, net of tax 371,425,000 or $11.87 per diluted share against loss from continuing operations, net of tax of $138,382,000 or $3.76 per basic and diluted share a year ago. Net income available to common shares was $372,852,000 or $11.98 per diluted share against net loss of $137,268,000 or $3.67 per basic and diluted share a year ago. As of September 30, 2012, book value per share stood at $9.85 versus $8.60 at Dec. 31, 2011.