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Primus Guaranty Reports Fourth Quarter 2008 Financial Results
February 04, 2009
Primus Guaranty, Ltd. (“Primus Guaranty” or “the Company”) (NYSE:PRS), a provider of credit protection, announced today a GAAP net loss of $(918.5) million, or $(21.20) per diluted share, for the fourth quarter of 2008, compared with a GAAP net loss of $(403.9) million, or $(8.97) per diluted share, for the fourth quarter of 2007. For the year ended December 31, 2008, the GAAP net loss was $(1.7) billion, or $(38.37) per diluted share, compared with a GAAP net loss of $(563.5) million, or $(12.58) per diluted share, for the year ended 2007.