Primus Guaranty, Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $22,773,000 against $269,031,000 a year ago. Income from continuing operations before provision for income taxes was $19,613,000 against $263,586,000 a year ago.

Income from continuing operations, net of tax was $19,594,000 or $0.72 per basic and diluted share against $263,572,000 or $7.71 per diluted share a year ago. Net income available to common shares was $18,906,000 or $0.72 per basic and diluted share against $263,018,000 or $7.72 per diluted share a year ago. Economic results were $3,024,000 against $5,462,000 a year ago.

Economic results earnings per GAAP diluted share was $0.12 against $0.26 a year ago. Economic Results book value per share issued and outstanding as on March 31, 2013 was $10.29 against $10.19 a year ago. GAAP book value per share issued and outstanding as on March 31, 2013 was $9.50 against $8.83 a year ago.