Primus Guaranty Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total revenues of $475,514,000, income before provision for income taxes of $462,274,000, net income of $462,269,000, net income available to common shares of $461,543,000 or $11.14 diluted per share compared with negative total revenues of $380,515,000, loss before provision for income taxes of $388,810,000, net loss of $388,822,000, net loss available to common shares of $390,219,000 or $8.63 diluted per share over the same period last year. Net income for the quarter ended Sep. 30, 2009 was primarily due to positive changes in the fair value of Primus Financial's credit swap portfolio. For the nine months, the company reported total revenues of $1,203,243,000, income before provision for income taxes of $1,168,171,000, net income of $1,168,019,000, net income available to common shares of $1,165,279,000 or $28.26 diluted per share compared with negative total revenues of $755,574,000, loss before provision for income taxes of $792,489,000, net loss of $792,550,000, net loss available to common shares of $797,694,000 or $17.65 diluted per share over the same period last year. At September 30, 2009, Economic Results book value per common share was $9.14, not including anticipated future premiums on the Primus Financial portfolio of approximately $200 million compared with $8.07 at December 31, 2008.

Primus Guaranty, Ltd. announced GAAP net income available to common shares of $461.5 million for the third quarter of 2009. The company stated that it is looking at acquisition opportunities. Thomas W. Jasper, Chief Executive Officer of the company said: "In asset management, we acquired and integrated CypressTree Investment Management into Primus Asset Management. We are currently working on additional acquisitions to grow assets under management, as well as the launch of new investment vehicles."

Primus Guaranty, Ltd. announced earnings results for the third quarter of 2009. The company reported economic results for the quarter was a loss of $9.6 million or loss of $0.23 per diluted share compared with an economic results loss of $62.1 million or $1.37 per diluted share in the third quarter of 2008.