MBIA reports Q4 adjusted EPS (16c), consensus (17c)

Bill Fallon, MBIA’s Chief Executive Officer stated, “We were pleased to distribute value to our shareholders via the payment of the extraordinary dividend of $8.00 per share in December. MBIA Inc. retained about $235 million of National’s fourth quarter 2023 dividend payments to enhance our holding company’s liquidity position. Our focus remains on resolving our PREPA exposure and then resuming the process to sell the Company.”