MBIA Inc. reported a consolidated GAAP net loss of $81 million, or $1.64 per diluted common share, for the fourth quarter of 2020, compared to a consolidated net loss of $243 million for the fourth quarter of 2019. The company reported an Adjusted Net Loss for the fourth quarter of 2020 of $36 million or $(0.74) per share compared with an Adjusted Net Loss of $95 million or $(1.25) per share for the fourth quarter of 2019.
The company recorded a consolidated GAAP net loss of $81 million for the fourth quarter of 2020.
The company reported an Adjusted Net Loss of $36 million for the fourth quarter of 2020.
As of December 31, 2020, MBIA Inc.’s liquidity position totaled $294 million.
National’s insured portfolio declined by $2.1 billion during the quarter, ending the quarter with $41.9 billion of gross par outstanding.
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