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MBIA Inc (MBI.N)

MBI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Moody's Downgrades MBIA Inc And National Public Finance Guarantee Corp
Wednesday, 17 Jan 2018 03:50pm EST 

Jan 17 (Reuters) - Moody's Investors Service::MOODY'S DOWNGRADES MBIA INC AND NATIONAL PUBLIC FINANCE GUARANTEE CORP (IFS TO BAA2); MBIA INSURANCE CORP AFFIRMED AT CAA1.MOODY'S SAYS DOWNGRADES OF NATIONAL PUBLIC FINANCE GUARANTEE CORP AND MBIA REFLECT THE PLACEMENT OF NATIONAL INTO RUN-OFF.MOODY'S SAYS NATIONAL PUBLIC FINANCE GUARANTEE, MBIA DOWNGRADES REFLECT RAISED PROBABILITY OF MORE SEVERE LOSSES FROM NATIONAL'S PUERTO RICO EXPOSURES.MOODY'S SAYS NATIONAL PUBLIC FINANCE GUARANTEE, MBIA DOWNGRADES REFLECT HIGHER ASSET RISK AT NATIONAL AFTER LARGE PURCHASES OF MBIA DEBT, EQUITY SECURITIES.MOODY'S SAYS NATIONAL PUBLIC FINANCE GUARANTEE, MBIA DOWNGRADES ALSO REFLECT WEAKENED ALIGNMENT OF INTERESTS BETWEEN SHAREHOLDERS AND POLICYHOLDERS AND CREDITORS.  Full Article

MBIA Says Board Will Decrease In Size From 7 To 6 Directors
Friday, 22 Dec 2017 04:27pm EST 

Dec 22 (Reuters) - MBIA Inc ::MBIA INC SAYS BOARD WILL DECREASE IN SIZE FROM SEVEN TO SIX DIRECTORS - SEC FILING.  Full Article

Fine Capital Partners L.P. reports 12.1 pct passive stake in MBIA as of Nov 7
Friday, 17 Nov 2017 05:30pm EST 

Nov 17 (Reuters) - MBIA Inc :Fine Capital Partners L.P. reports 12.1 percent passive stake in MBIA Inc as of November 7, 2017 - SEC Filing‍​.  Full Article

MBIA Inc posts Q3 adj. loss per share $0.91
Tuesday, 7 Nov 2017 04:15pm EST 

Nov 7 (Reuters) - Mbia Inc :MBIA Inc. Reports third quarter 2017 financial results.Q3 GAAP loss per share $2.17.Q3 non-GAAP operating loss per share $0.91.Q3 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.MBIA Inc - ‍book value per share was $13.88 as of September 30, 2017 compared with $23.87 as of December 31, 2016​.MBIA Inc - ‍as of Sept 30, 2017, co's liquidity position was $294 million consisting primarily of cash, cash equivalents, liquid short-term invested assets​.MBIA Inc - ‍ adjusted book value was $24.81 as of September 30, 2017 compared with $31.88 as of December 31, 2016​.MBIA Inc - qtrly net premiums earned $53 million versus $77‍​ million.MBIA Inc qtrly ‍net investment income $33 million versus $39 million​.  Full Article

EJF Capital reports 5.7 pct passive stake in MBIA Inc
Thursday, 26 Oct 2017 03:31pm EDT 

Oct 26 (Reuters) - EJF Capital Llc::EJF Capital Llc reports 5.7% passive stake in MBIA Inc as of Oct 17 - SEC filing‍​.  Full Article

MBIA Inc announces senior management change
Thursday, 10 Aug 2017 08:00am EDT 

Aug 10 (Reuters) - Mbia Inc ::MBIA Inc announces senior management change.MBIA Inc - Jay Brown to step down as CEO effective September 15; Bill Fallon elected CEO.  Full Article

MBIA Q2 non-GAAP operating loss per share $1.09
Tuesday, 8 Aug 2017 04:15pm EDT 

Aug 8 (Reuters) - Mbia Inc :MBIA Inc reports second quarter 2017 financial results.Q2 GAAP loss per share $9.78.Q2 non-GAAP operating loss per share $1.09.MBIA Inc - ‍book value per share was $15.45 as of June 30, 2017 compared with $23.87 as of December 31, 2016​.MBIA Inc - ‍adjusted book value per share was $26.26 as of June 30, 2017 compared with $31.88 as of December 31, 2016​.MBIA Inc - ‍as of June 30, 2017, MBIA Insurance Corporation's liquidity position totaled $115 million​.MBIA Inc - ‍qtrly net investment income $37 million versus $37​ million.  Full Article

National Public Finance Guarantee Corp files adversary complaint against PREPA
Tuesday, 8 Aug 2017 08:00am EDT 

Aug 8 (Reuters) - National Public Finance Guarantee Corp::National Public Finance Guarantee Corporation files adversary complaint to compel PREPA to deposit pledged special revenues with bond trustee.  Full Article

MBIA Inc announces changes to its board of directors
Monday, 31 Jul 2017 04:15pm EDT 

July 31 (Reuters) - Mbia Inc :MBIA Inc. announces changes to its board of directors.MBIA Inc - ‍resignations of Maryann Bruce, Keith D. Curry and Lois A. Scott from MBIA Inc. board of directors effective July 28, 2017​.MBIA Inc - there is no present intention to replace outgoing directors.MBIA-‍resignations follow reassessment of governance profile after decision to cease, for now, efforts to pursue writing new insurance policies at its unit.  Full Article

MBIA Inc in July 11 letter says ceased efforts to actively pursue writing new insurance policies for now at National Public Finance Guarantee
Tuesday, 25 Jul 2017 06:18pm EDT 

July 25 (Reuters) - MBIA Inc :MBIA Inc - in July 11 letter, co said it ceased for now efforts to actively pursue writing new insurance policies at National Public Finance Guarantee.MBIA Inc - has determined that it is required to establish a full valuation allowance on its deferred tax asset as of June 30, 2017 - SEC filing.MBIA Inc - valuation allowance will result in a $1.1 billion charge to consolidated net income for the second quarter of 2017 - SEC filing‍​.MBIA Inc - ‍valuation allowance will result in a $1.1 billion reduction in GAAP book value at June 30, 2017​‍​ ‍​.  Full Article

BRIEF-MBIA Says Board Will Decrease In Size From 7 To 6 Directors

* MBIA INC SAYS BOARD WILL DECREASE IN SIZE FROM SEVEN TO SIX DIRECTORS - SEC FILING Source text: (http://bit.ly/2pgRVgj) Further company coverage: