WASHINGTON (dpa-AFX) - MBIA Inc. (MBI) Thursday reported first-quarter profit of $164 million or $0.84 per share, up from $10 million or $0.05 per share in the same period last year.
Revenues totaled $219 million, down from $383 million last year.
Premiums earned decreased to $120 million from $137 million last year. Net investment income totaled $38 million, down from $62 million last year.
Book value was $17.04, up from $16.22 last year. Adjusted book value was $30.56.
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