MBIA Inc. Reports Third Quarter EPS of $(1.06)

MBIA Inc. MBI today reported Adjusted Book Value per share of $36.11 as of September 30, 2010, compared with $35.76 as of June 30, 2010. Book value per share was $12.56 as of September 30, 2010. The net loss to common shareholders for the third quarter of 2010 was $213 million, or $1.06 per share, compared with a net loss of $728 million, or $3.50 per share, in the third quarter of 2009. The adjusted pre-tax loss, a non-GAAP measure, for the third quarter of 2010 was $68 million compared with an adjusted pre-tax loss of $446 million in the third quarter of 2009. The Company believes that ABV and adjusted pre-tax income provide investors with additional views of its operating performance in the quarter that management finds useful in measuring financial performance.