MBIA (MBI) Misses Q1 EPS by 1c
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MBIA Inc. Reports First Quarter 2016 Financial Results
May 9, 2016 4:15 PM EDTPURCHASE, 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 $16 million for the three months ended March 31, 2016 compared with Combined Operating Income of $34 million in the same period of 2015. The decline in Combined Operating Income for the three months ended March 31, 2016 was primarily the result of a decrease in net premiums earned and an increase in losses and loss adjustment expenses (LAE).
Adjusted Book Value (ABV) per share (a non-GAAP measure defined in the... More
