MBIA Inc. Reports Full Year and Fourth Quarter 2018 Financial Results
MBIA Inc. (MBI)
US:NYSE Investor Relations:
investor.mbia.com
Company Research
Source: Business Wire
PURCHASE, N.Y.--(BUSINESS WIRE)-- MBIA Inc. (NYSE:MBI) (the Company) today reported a consolidated GAAP net loss of $296 million, or $(3.33) per diluted common share, for 2018 compared to a consolidated GAAP net loss of $1.6 billion, or $(13.50) per diluted common share, for 2017. The $1.3 billion year-over-year improvement was primarily due to the $944 million reduction in the tax provision (that was largely driven by the 2017 establishment of a full valuation allowance on the Company’s net deferred tax asset) and a $620 million reduction in loss and loss adjustment expenses. The reduction in losses and loss adjustment expenses was primarily related to Puerto Rico insured credits. Book value per share was $12.46 as of December 31, 2018 compared with $15.44 as of December 31, 2017. The decrease in book value per share during 2018 was mainly due to the consolidated net loss for the year. The Compa
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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