Enhance Financial Services Group this week reported a 63% dive in profits for the second quarter, reflecting a big hit from commercial real estate defaults that the company reinsured for Financial Security Assurance Inc.

Net income for the second quarter fell to $3.7 million from $9.9 million in the second quarter of 1992. Earnings per share were 20 cents, compared to 54 cents last year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.