MBIA (MBI) Reports Q2 EPS of 12c
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MBIA Inc. Reports Second Quarter 2016 Financial Results
August 8, 2016 4:16 PM EDTPURCHASE, N.Y.--(BUSINESS WIRE)-- MBIA Inc. (NYSE: MBI) (the Company) today reported a consolidated GAAP net loss of $27 million, or $0.20 per diluted share, for the second quarter of 2016 compared with consolidated net income of $64 million, or $0.36 per diluted share, for the second quarter of 2015. The $91 million adverse change in the financial result versus the year-ago quarter was primarily due to adverse variances on certain fair value effects and an increase in loss and loss adjustment expenses (LAE), partially offset by favorable tax effects.
Book Value (BV) per share was $26.88 as of June 30, 2016... More
