Bond insurer Assured Guaranty (AGO) narrowed its fourth-quarter loss to $83.6 million from $183.5 million for the same period a year earlier, buoyed in part by recoveries from breaches of representations and warranties, according to Reuters.

The Bermuda-based company, backed by billionaire Wilbur Ross, lost 46 cents a share compared with $1 a share in the fourth quarter 2010. Without unrealized losses related to derivatives and other items, Assured Guaranty earned 95 cents a share, well above the analyst consensus of 69 cents a share.

Read more at Reuters.