MBIA INC. (NYSE:MBI) Files An 8-K Results of Operations and Financial ConditionItem 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
The following information, including Exhibit 99.1 to this Form 8-K, is being furnished, not filed, to Item 2.02 – Results of Operations and Financial Condition of Form 8-K.
On May 10, 2017, MBIA Inc. (“MBIA”) issued a press release announcing its results of operations for the quarter ended March 31, 2017. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated by reference to this Item 2.02 as if fully set forth herein. Item 7.01. REGULATION FD DISCLOSURE.
The following information is being furnished, not filed, to Item 7.01 – Regulation FD Disclosure of Form 8-K. Information contained on MBIA’s Web sites is not incorporated by reference into this Current Report on Form 8-K.
On May 10, 2017, MBIA will post on its Web site, www.mbia.com, under the section “Investor Relations – Financial Information – Operating Supplements,” a Quarterly Operating Supplement for the first quarter of 2017 and under the section “Investor Relations – Financial Information – Statutory Statements,” 2017 Quarterly Statements for each of MBIA Insurance Corporation and National Public Finance Guarantee Corporation. MBIA will also post on its Web site, under the section “Selected Exposures,” certain information on the Company’s insured portfolios as of March 31, 2017. The information will be posted as “MBIA Corp.’s Structured Finance Insured Portfolio,” “MBIA Corp.’s Non-U.S. Public Finance Insured Portfolio” and “National Public Finance Guarantee Corporation’s Insured Portfolio.” Information on National Public Finance Guarantee Corporation’s insured portfolio as of March 31, 2017 will also be posted on National Public Finance Guarantee Corporation’s Web site, www.nationalpfg.com, under the selection “Insured Portfolio.” Additional exposure information on certain credits insured by National Public Finance Guarantee Corporation will be posted on National Public Finance Guarantee Corporation’s Web site, www.nationalpfg.com, under the selection “Selected Exposures.”
On or about May 11, 2017, MBIA will also post on its Web site, www.mbia.com, under the section “Investor Relations – Investor Inquiries/FAQs,” updated Frequently Asked Questions. Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
99.1 Press Release issued by MBIA Inc., dated May 10, 2017, announcing its results of operations for the quarter ended March 31, 2017.
About MBIA INC. (NYSE:MBI)
MBIA Inc. (MBIA) is a holding company. The Company, through its subsidiary, National Public Finance Guarantee Corporation (National), is engaged in providing financial guarantee insurance to the United States public finance markets. MBIA’s segments include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate. The U.S. public finance insurance segment is operated through National, and is engaged in generating new insurance business in National, consistent with its portfolio management and return requirements, and to maximize the economics of its existing insured portfolio through surveillance and remediation. The international and structured finance insurance business is primarily operated through MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). The corporate segment is operated through the Company and its subsidiaries, including its service company, MBIA Services Corporation (MBIA Services). MBIA INC. (NYSE:MBI) Recent Trading Information
MBIA INC. (NYSE:MBI) closed its last trading session up +0.05 at 8.04 with 1,417,722 shares trading hands.