MBIA (MBI) Misses Q3 EPS by 16c
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MBIA Inc. Reports Third Quarter 2018 Financial Results
November 6, 2018 4:15 PM ESTPURCHASE, N.Y.--(BUSINESS WIRE)-- MBIA Inc. (NYSE: MBI) (the Company) today reported a consolidated GAAP net loss of $45 million, or $(0.50) per diluted share, for the third quarter of 2018 compared to a consolidated GAAP net loss of $267 million, or $(2.17) per diluted share, for the third quarter of 2017. The net loss for the third quarter of 2018 was driven by losses and loss adjustment expenses that were primarily related to its Puerto Rico exposures and an accounting loss related to the deconsolidation of variable interest entities. The decrease in the year-over-year consolidated... More
