MBIA Inc. falls 1.4% after-market; Puerto Rico losses continue [Seeking Alpha]
MBIA Inc. (MBI)
US:NYSE Investor Relations:
investor.mbia.com
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Source: Seeking Alpha
MBIA Inc. falls 1.4% after-market; Puerto Rico losses continueQ1 adjusted net loss of $61M, or $(0.69) per diluted share, compares with adjusted net income of $9M, or $0.07, a year ago.MBIA (NYSE:MBI) results were hurt by increased losses and loss adjustment expenses from its National Public Guarantee Financial unit, resulting largely from Puerto Rico exposures, the company said.MBI shares slipped 1.4% in after-hours trading.CEO Bill Fallon commented, "We continue to prepare for the eventual resolution of our insured Puerto Rico credits with intentions to minimize our net losses and pursue maximum recoveries of our paid insurance claims.”Previously:MBIA misses by $0.40, beats on premiums earned(May 9)Source:Press ReleaseClick to subscribe to real-time analytics on MBINow read:UMH Properties FFO in-line, beats on total income »
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MBI
News
- MBIA: More Value Can Come From The Insurance Subsidiaries [Seeking Alpha]Seeking Alpha
- MBIA Inc. (NYSE: MBI) had its price target lowered by analysts at Keefe, Bruyette & Woods from $9.00 to $7.50. They now have a "market perform" rating on the stock.MarketBeat
- MBIA Inc. (NYSE:MBI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MBIA Inc. Reports Full Year and Fourth Quarter 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- MBIA Inc. Reports Full Year and Fourth Quarter 2023 Financial ResultsBusiness Wire
MBI
Earnings
- 2/28/24 - Miss
MBI
Sec Filings
- 3/25/24 - Form ARS
- 3/21/24 - Form DEF
- 3/7/24 - Form 8-K
- MBI's page on the SEC website