2 million in FY 2009 as a result of earning twelve months of investment income on the AGMH portfolio in FY 2010 compared to earning only six months in FY 2009.
2 million in FY 2009 due to earning twelve months of credit derivative revenues on the AGMH portfolio in FY 2010 compared to earning only six months in FY 2009.
AGMH Acquisition-related expenses: FY 2009 operating income included $92.
5 million in FY 2010 primarily as a result of the increase in the Company's average employee headcount due to the AGMH Acquisition.
8 million tax benefit associated with an amended tax return for a period prior to the AGMH Acquisition and a $7.
RMBS exposures, slightly offset by the reduction in AGMH Acquisition-related expenses and reinsurance commutation gains.
The increase in net earned premiums resulted almost entirely from the AGMH Acquisition, including the addition of AGMH's existing unearned premium reserve as well as the application of acquisition accounting principles.
6 million due to the increase in invested assets resulting from the AGMH Acquisition.
3 billion at March 31, 2009, due to the AGMH Acquisition.
0 million in first quarter 2009 due to the AGMH Acquisition, which increased interest and other operating expenses, as well as increased loss and loss adjustment expenses ("LAE"), largely on the Company's combined U.
RMBS exposures as a result of the AGMH Acquisition.
as a result of the AGMH Acquisition and also due to lower refundings and accelerations in first quarter 2010.