Primus Guaranty, Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, total revenues were $115,780,000. Income from continuing operations before provision (benefit) for income taxes was $108,812,000 against loss from continuing operations before provision (benefit) for income taxes of $283,342,000 a year ago. Income from continuing operations, net of tax was $108,737,000 or $3.84 per diluted share against loss from continuing operations, net of tax of $283,342,000 or $11.87 per diluted share a year ago. Net income available to common shares was $108,188,000 or $3.84 per diluted share against $283,105,000 or $7.76 per basic and diluted share a year ago.

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.