HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Assured Guaranty Ltd. (AGO) on Thursday reported second-quarter net income of $39 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had net income of 88 cents. Earnings, adjusted for non-recurring costs, came to $1.23 per share.

The insurance holding company posted revenue of $195 million in the period. Its adjusted revenue was $199 million.

Assured Guaranty shares have dropped 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $82.57, a decrease of 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGO at https://www.zacks.com/ap/AGO