MBIA (MBI) Tops Q2 EPS by 32c
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MBIA Inc. Reports Second Quarter 2017 Financial Results
August 8, 2017 4:15 PM EDTPURCHASE, N.Y.--(BUSINESS WIRE)-- MBIA Inc. (NYSE: MBI) (the Company) today reported a consolidated GAAP net loss of $1.2 billion, or $(9.78) per share, for the second quarter of 2017 compared to a consolidated GAAP net loss of $27 million, or $(0.20) per share, for the second quarter of 2016. The increase in year-over-year consolidated GAAP net loss was primarily due to the previously disclosed full valuation allowance on the Companys deferred tax asset as of the second quarter of 2017. In addition, increased losses and loss adjustment expenses at National Public Finance Guarantee Corporation (National) also contributed... More
