MBIA (MBI) Reports Q1 EPS of 37c
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MBIA Inc. Reports First Quarter 2015 Financial Results
May 11, 2015 4:05 PM EDTPURCHASE, N.Y.--(BUSINESS WIRE)-- MBIA Inc. (NYSE: MBI) (the Company) today reported combined operating income (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) of $34 million for the three months ended March 31, 2015 compared with combined operating income of $40 million in the same period of 2014. The decline in combined operating income for the three months ended March 31, 2015 was primarily the result of a decrease in net investment income and a larger reduction in loss reserves in the first quarter of 2014 than in the first quarter of 2015, partially... More
