Triad Guaranty Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported a net loss of $60.9 million compared to a net income of $26.8 million for the fourth quarter of 2010. The 2011 fourth quarter diluted loss per share was $3.99 compared to a diluted income per share of $1.76 for the fourth quarter of 2010. Net investment income was $6.8 million against $8.66 million a year ago. Total revenues were $57.2 million against $48.7 million a year ago. Net losses and loss adjustment expenses were $107.4 million against $9.8 million a year ago. Loss before income taxes and extraordinary item was $59.8 million against income of $26.8 million a year ago. Loss before extraordinary item was $60.9 million or $3.99 loss per diluted share against income of $26.8 million or $1.76 per diluted share a year ago. The net loss for the year ended December 31, 2011 was $107.8 million compared to net income of $132.1 million for the year ended December 31, 2010. The diluted loss per share was $7.07 for the year ended December 31, 2011 compared to diluted income per share of $8.72 for the year ended December 31, 2010. Net investment income was $30.76 million against $38.8 million a year ago. Total revenues were $207.4 million against $38.8 million a year ago. Net losses and loss adjustment expenses were $278.3 million against $109.6 million a year ago. Loss before income taxes and extraordinary item was $107.8 million against income of $102.455 million a year ago. Loss before extraordinary item was $107.8 million or $7.07 loss per diluted share against income of $102.455 million or $6.76 per diluted share a year ago. Net cash used in operating activities was $76.6 million against net cash provided by operating activities of $57.9 million a year ago.