Triad Guaranty Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012
Triad Guaranty Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the period, the company reported total revenues of $40.822 million against $45.210 million a year ago. Loss before income taxes was $37.725 million against $4.910 million a year ago. Net loss was $37.725 million or $2.47 per diluted share against $4.910 million or $0.32 per diluted share a year ago. Net cash used in operating activities was $17.707 million against $5.026 million a year ago. Purchases of investment securities was $19.837 million against $27.539 million a year ago.