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Dec 31, 2019
MBIA Q4 2019 Earnings Report
Reported a consolidated GAAP net loss due to adverse losses and loss adjustment expenses.
Key Takeaways
MBIA Inc. reported a consolidated GAAP net loss of $243 million for Q4 2019, compared to a net loss of $7 million in Q4 2018. The increased loss was primarily due to adverse losses and loss adjustment expenses at National and MBIA Corp.
MBIA Inc. recorded a consolidated GAAP net loss of $243 million, or $(3.21) per diluted common share.
The Company reported an Adjusted Net Loss of $95 million or $(1.25) per share.
MBIA Inc.’s liquidity position totaled $375 million, consisting primarily of cash and cash equivalents and liquid invested assets.
National’s insured portfolio declined by $2 billion during the quarter, ending the quarter with $49 billion of gross par outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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