CIFG Holding Inc. yesterday said it came out of deficit in the fourth quarter, placing its policyholders’ surplus in positive territory, according to company executives. However, officials said any deterioration in its insured portfolio could immediately throw the firm back into deficit.

At the end of August, the company reported a deficit of nearly $300 million, according to David Buzen, chief operating officer, chief financial officer and president. Bruzen was promoted to president last week.

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