MBIA: Fourth Quarter Earnings Overview

MBIA Inc. Reports Fourth Quarter and Annual Financial Results

MBIA Inc., headquartered in Purchase, New York, announced on Thursday that it recorded a net loss of $51 million for the fourth quarter.

The company reported a quarterly loss of $1.01 per share. After adjusting for one-time expenses and discontinued operations, the loss was 24 cents per share.

During the quarter, MBIA generated $28 million in revenue from its insurance and reinsurance operations.

For the full year, MBIA posted a total loss of $177 million, translating to $3.58 per share, with annual revenue reaching $80 million.

Financial data for this article was compiled by Automated Insights using information from Zacks Investment Research.