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Primus Guaranty Reports Second Quarter 2008 Financial Results
August 06, 2008
Primus Guaranty, Ltd. (“Primus Guaranty” or “the company”) (NYSE:PRS), a leading provider of credit protection, announced today GAAP net income of $262.6 million, or $5.78 per diluted share, for the second quarter of 2008, compared with a GAAP net loss of $21.5 million, or $0.48 per diluted share, for the second quarter of 2007. For the six months ended June 30, 2008, the GAAP net loss was $407.5 million, or $9.02 per diluted share, compared with a GAAP net loss of $31.2 million, or $0.70 per diluted share, for the same period in 2007.