FGIC Corp. Announces $62.4 Million In 2Q Net Income Despite Slowdown

Hanson, Matthew
August 2006
Bond Buyer;8/4/2006, Vol. 358 Issue 32438, p4
Trade Publication
The article focuses on the net income growth posted in the second quarter of 2006 by FGIC Corp., parent holding firm of Financial Guaranty Insurance Co., despite the slowdown in municipal bond issuance. The company reported a net income of $62.4 million, an 11.2% increase over the same period in 2005. Gross premiums written in public finance managed a 6.6.% increase year-over-year.


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