Bond insurance holding company Assured Guaranty Ltd. reported a 382% increase in third-quarter operating income Thursday, less than two weeks after being stripped of its triple-A rating.

Assured Guaranty Ltd. reported operating income of $222.8 million in the third quarter, which ended Sept. 30. That compares with $46.2 million during the same period of last year. Assured Guaranty Ltd. acquired Financial Security Assurance, since renamed Assured Guaranty Municipal Corp., in June 2009.

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