MBIA (NYSE: MBI) reported Q4 EPS of $1.20, versus ($1.73) reported last year.

Bill Fallon, MBIA’s Chief Executive Officer noted, “From an MBIA shareholder perspective, the resolution of National’s Puerto Rico exposures remains our most important and significant objective. The confirmation of the COFINA debt restructuring settlement is a meaningful and favorable development for us, as it addresses nearly half of National’s insured Puerto Rico debt service. However, we also need to resolve our other Puerto Rico insurance obligations. We are also keenly focused on our holding company’s liquidity position, which was further enhanced during 2018. MBIA Inc.’s current liquidity is sufficient to cover all of its estimated obligations through 2021 and partially through 2022.”

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