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Sep 30, 2020
MBIA Q3 2020 Earnings Report
Reported a consolidated GAAP net loss due to increased loss and loss adjustment expense (LAE) and interest expense.
Key Takeaways
MBIA Inc. reported a consolidated GAAP net loss of $58 million, or $(1.11) per share, for the third quarter of 2020 compared to consolidated GAAP net income of $83 million, or $(1.00) per share, for the third quarter of 2019. The adverse result versus last year’s third quarter primarily resulted from lower gains in 2020 on revenues of consolidated variable interest entities.
Consolidated GAAP net loss of $58 million, or $(1.11) per share.
Adjusted Net Loss of $18 million or $(0.34) per diluted share.
MBIA Inc.’s liquidity position totaled $335 million.
National purchased 8.6 million shares of MBIA Inc. common stock at an average price of $7.23 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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