BTIG Bumps PT on MBIA (MBI) to $13 Following Q4 Results, Stock Buyback Plan

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. DECK
2. RNG
3. WDC
4. BYD
5. WCN
6. SPOT
7. BMY
8. SPY
9. FIX
10. TSCO

Go back to BTIG Bumps PT on MBIA (MBI) to $13 Following Q4 Results, Stock Buyback Plan

MBIA Inc. Reports Fourth Quarter and Full Year 2015 Financial Results

February 29, 2016 4:15 PM EST

PURCHASE, N.Y.--(BUSINESS WIRE)-- MBIA Inc. (NYSE: MBI) (the Company) today reported Combined Operating Income (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) of $87 million or $0.52 per diluted share for the year ended December 31, 2015 compared to $185 million or $0.97 per diluted share for the year ended December 31, 2014. The decline in Combined Operating Income for 2015 compared to 2014 was driven primarily by the release of a $61 million tax reserve and the receipt of an $18 million recovery on an errors and omissions insurance policy that both occurred in 2014 and a $15 million... More