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United States

MBIA Inc (MBI.N)

MBI.N on New York Stock Exchange

10.61USD
22 Feb 2017
Change (% chg)

$0.03 (+0.28%)
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$10.58
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Volume
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Latest Key Developments (Source: Significant Developments)

Mbia receives inquiries about insurance corporation unit
Thursday, 2 Feb 2017 05:26pm EST 

Mbia Inc : Mbia-Received inquiries concerning satisfaction by co's Mbia Insurance Corporation unit of its obligations under financial guaranty insurance policy . Mbia Inc- in exchange for stock of Mbia UK and a cash payment of $23 million to assured, Mbia UK Holdings received Assured Zohar II notes - SEC filing . Mbia Inc-Mbia Insurance Corp fully satisfied insurance payment obligations under Zohar II policy on Jan 20, 2017, stated maturity date of Zohar II notes .Mbia Inc - Mbia insurance corporation satisfied insurance claim of approximately $770 million under Zohar II policy.  Full Article

Mbia Q2 gaap loss per share $0.20
Monday, 8 Aug 2016 04:15pm EDT 

Mbia Inc : Q2 non-gaap operating earnings per share $0.12 . Mbia inc. Reports second quarter 2016 financial results . Q2 gaap loss per share $0.20 . Q2 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . Mbia inc says net premiums earned in u.s. Public finance insurance segment were $56 million in q2 of 2016, down 23 percent from q2 of 2015 . Mbia inc says mbia insurance corp's statutory net loss was $49 million in q2 of 2016, compared with a net loss of $47 million in q2 of 2015 . Says "focus inside and outside company remains on national's puerto rico's exposures" . Says book value per share was $26.88 as of june 30, 2016 compared with $24.61 as of december 31, 2015 . Says net investment income for u.s. Public finance insurance segment was $30 million for q2 of 2016 versus $28 million for prior year's q2 .Says "anticipate better progress in reaching resolutions on each of our insured puerto rico credits".  Full Article

S&P downgrades MBIA to 'CCC' from 'B', outlook negative
Wednesday, 15 Jun 2016 02:02pm EDT 

S&P Global Ratings : MBIA Insurance Corp downgraded to 'CCC' from 'B'; outlook negative . MBIA's liquidity position is weak, and the co may not meet all of its insurance policy obligations in the next 12 months .Negative outlook reflects view that MBIA's liquidity position is subject to risks that directly affect its claims-paying ability.  Full Article

National Public Finance Guarantee Corp says filed complaint challenging Puerto Rico emergency moratorium and financial rehabilitation act
Wednesday, 15 Jun 2016 12:45pm EDT 

MBIA Inc :National public finance guarantee Corp says filed complaint challenging Puerto Rico emergency moratorium and financial rehabilitation act.  Full Article

MBIA Q1 gaap loss per share $0.58
Monday, 9 May 2016 04:15pm EDT 

Mbia Inc : Adjusted book value per share increased to $31.74 as of march 31, 2016 from $29.69 as of december 31, 2015 . Qtrly total net premiums earned in u.s. Public finance insurance segment were $58 million in q1 of 2016, down 32 percent . Mbia inc q1 net investment income for u.s. Public finance insurance $31 million in q1 of 2016, 7 percent higher than q1 of 2015 . As of may 5, 2016, there was $100 million of remaining authorized capacity under company's current share repurchase program . Mbia inc. Reports first quarter 2016 financial results . Q1 gaap loss per share $0.58 .Q1 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.  Full Article

MBIA Inc announces new share repurchase authorization
Wednesday, 28 Oct 2015 04:19pm EDT 

MBIA Inc:Announces new share repurchase authorization.Authorized the repurchase by the company or its subsidiaries of up to $100 million.Says the company's prior authorization, which was announced on July 29, 2015, has been fully expended.  Full Article

MBIA Inc announces repurchase of its common stock
Thursday, 13 Aug 2015 09:19am EDT 

MBIA Inc:Announces repurchase of 7.6 million shares of its common stock.Repurchase in connection with sale by investment funds affiliated with Warburg Pincus of their remaining 18.4 million shares of the co.Repurchase will bring total number of shares repurchased since co reported Q2 results to about 10.4 million shares at average price of $6.42.  Full Article

MBIA Inc announces sale of 27,250,000 shares of common stock by selling stockholders
Monday, 18 May 2015 04:25pm EDT 

MBIA Inc:Sale of an aggregate of 27,250,000 shares of common stock by investment funds affiliated with Warburg Pincus LLC in a registered public offering.Says Warburg Pincus will receive all of the net proceeds from this offering.BTIG, LLC is acting as sole underwriter for offering.  Full Article

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BRIEF-Mbia receives inquiries about insurance corporation unit

* Mbia-Received inquiries concerning satisfaction by co's Mbia Insurance Corporation unit of its obligations under financial guaranty insurance policy