MBIA (NYSE: MBI) reported Q4 adjusted EPS of ($1.52), which may not compare to the analyst estimate of $0.03.

The Company recorded a consolidated GAAP net loss of $37 million, or $(0.39) per diluted common share, for the fourth quarter of 2017 compared with a consolidated net loss of $265 million, or $(2.01) per diluted common share, for the fourth quarter of 2016. The lower loss this year was primarily due to a pretax impairment loss related to the sale of MBIA UK that was included in the results for the fourth quarter of 2016 and mark-to-market and debt buyback gains, partially offset by higher loss and loss adjustment expenses at National, primarily related to its Puerto Rico exposures.

The Company reported an Adjusted Net Loss for the fourth quarter of 2017 of $167 million or $(1.52) per diluted share compared with an Adjusted Net Loss of $6 million or $(0.05) per diluted share for the fourth quarter of 2016. The $161 million adverse comparison for the year-over-year quarters was primarily due to National’s higher loss and loss adjustment expenses, primarily related to its insurance of Puerto Rico debt.

For earnings history and earnings-related data on MBIA (MBI) click here.