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MBIA Inc (MBI.N)

MBI.N on New York Stock Exchange

8.99USD
23 Aug 2019
Change (% chg)

$-0.22 (-2.39%)
Prev Close
$9.21
Open
$9.17
Day's High
$9.28
Day's Low
$8.97
Volume
550,439
Avg. Vol
261,056
52-wk High
$11.52
52-wk Low
$7.95

Latest Key Developments (Source: Significant Developments)

MBIA Inc Q1 GAAP Loss Per Share $0.20
Wednesday, 8 May 2019 

May 8 (Reuters) - MBIA Inc ::. REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 GAAP LOSS PER SHARE $0.20.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.45.Q1 EARNINGS PER SHARE ESTIMATE $-0.21 -- REFINITIV IBES DATA.BOOK VALUE PER SHARE WAS $13.16 AS OF MARCH 31, 2019.RESTRUCTURING OF PUERTO RICO COFINA DEBT HAD A MODEST IMPACT ON Q1 FINANCIAL RESULTS.AS OF MARCH 31, 2019, MBIA INC.'S LIQUIDITY POSITION TOTALED $486 MILLION, UP $29 MILLION FROM DECEMBER 31, 2018.WILL NO LONGER PUBLICLY DISCLOSE ITS INTERNAL ADJUSTED BOOK VALUE MEASUREMENT.QTRLY NET PREMIUMS EARNED $23 MILLION VERSUS $40 MILLION REPORTED LAST YEAR.QTRLY NET INVESTMENT INCOME $32 MILLION VERSUS $31 MILLION REPORTED LAST YEAR.  Full Article

MBIA Q3 Adjusted Non-Gaap Loss Per Share $0.35
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - MBIA Inc ::REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 GAAP LOSS PER SHARE $0.50.Q3 ADJUSTED NON-GAAP LOSS PER SHARE $0.35.Q3 EARNINGS PER SHARE VIEW $-0.19 -- THOMSON REUTERS I/B/E/S.BOOK VALUE PER SHARE WAS $12.22 AS OF SEPT. 30, 2018 VERSUS $15.44 AS OF DEC. 31, 2017.  Full Article

MBIA Inc Q4 GAAP Loss Per Share $0.39
Thursday, 1 Mar 2018 

March 1 (Reuters) - MBIA Inc ::. REPORTS FULL YEAR AND FOURTH QUARTER 2017 FINANCIAL RESULTS.Q4 ADJUSTED LOSS PER SHARE $1.52.Q4 GAAP LOSS PER SHARE $0.39.SAYS ‍BOOK VALUE PER SHARE WAS $15.44 AS OF DECEMBER 31, 2017 COMPARED WITH $23.87 AS OF DECEMBER 31, 2016​.MBIA - ‍AS OF DEC 31, CO'S LIQUIDITY POSITION TOTALED $419 MILLION CONSISTING PRIMARILY OF CASH AND CASH EQUIVALENTS AND LIQUID SHORT-TERM INVESTED ASSETS​.ADJUSTED BOOK VALUE PER SHARE WAS $29.32 AS OF DECEMBER 31, 2017 COMPARED WITH $31.88 AS OF DECEMBER 31, 2016​.QTRLY NET PREMIUMS EARNED $55 MILLION VERSUS $75 MILLION.QTRLY NET INVESTMENT INCOME $32 MILLION VERSUS $37 MILLION.QTRLY ADJUSTED NET LOSS PER SHARE $1.52.  Full Article

Moody's Downgrades MBIA Inc And National Public Finance Guarantee Corp
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Moody's Investors Service::MOODY'S DOWNGRADES MBIA INC AND NATIONAL PUBLIC FINANCE GUARANTEE CORP (IFS TO BAA2); MBIA INSURANCE CORP AFFIRMED AT CAA1.MOODY'S SAYS DOWNGRADES OF NATIONAL PUBLIC FINANCE GUARANTEE CORP AND MBIA REFLECT THE PLACEMENT OF NATIONAL INTO RUN-OFF.MOODY'S SAYS NATIONAL PUBLIC FINANCE GUARANTEE, MBIA DOWNGRADES REFLECT RAISED PROBABILITY OF MORE SEVERE LOSSES FROM NATIONAL'S PUERTO RICO EXPOSURES.MOODY'S SAYS NATIONAL PUBLIC FINANCE GUARANTEE, MBIA DOWNGRADES REFLECT HIGHER ASSET RISK AT NATIONAL AFTER LARGE PURCHASES OF MBIA DEBT, EQUITY SECURITIES.MOODY'S SAYS NATIONAL PUBLIC FINANCE GUARANTEE, MBIA DOWNGRADES ALSO REFLECT WEAKENED ALIGNMENT OF INTERESTS BETWEEN SHAREHOLDERS AND POLICYHOLDERS AND CREDITORS.  Full Article

MBIA Says Board Will Decrease In Size From 7 To 6 Directors
Friday, 22 Dec 2017 

Dec 22 (Reuters) - MBIA Inc ::MBIA INC SAYS BOARD WILL DECREASE IN SIZE FROM SEVEN TO SIX DIRECTORS - SEC FILING.  Full Article

Fine Capital Partners L.P. reports 12.1 pct passive stake in MBIA as of Nov 7
Friday, 17 Nov 2017 

Nov 17 (Reuters) - MBIA Inc :Fine Capital Partners L.P. reports 12.1 percent passive stake in MBIA Inc as of November 7, 2017 - SEC Filing‍​.  Full Article

MBIA Inc posts Q3 adj. loss per share $0.91
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Mbia Inc :MBIA Inc. Reports third quarter 2017 financial results.Q3 GAAP loss per share $2.17.Q3 non-GAAP operating loss per share $0.91.Q3 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.MBIA Inc - ‍book value per share was $13.88 as of September 30, 2017 compared with $23.87 as of December 31, 2016​.MBIA Inc - ‍as of Sept 30, 2017, co's liquidity position was $294 million consisting primarily of cash, cash equivalents, liquid short-term invested assets​.MBIA Inc - ‍ adjusted book value was $24.81 as of September 30, 2017 compared with $31.88 as of December 31, 2016​.MBIA Inc - qtrly net premiums earned $53 million versus $77‍​ million.MBIA Inc qtrly ‍net investment income $33 million versus $39 million​.  Full Article

EJF Capital reports 5.7 pct passive stake in MBIA Inc
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - EJF Capital Llc::EJF Capital Llc reports 5.7% passive stake in MBIA Inc as of Oct 17 - SEC filing‍​.  Full Article

Bond insurer MBIA sues banks over defaulted Puerto Rico bonds

Aug 8 Bond insurance company MBIA Inc sued several financial institutions on Thursday over their role in underwriting billions of dollars of Puerto Rico bonds that eventually went into default.