MBIA Inc. started the year off much better this year than it did last year, with an adjusted pre-tax loss of only $20 million for the first quarter, compared to $548 million in 2012.

The company’s adjusted book value, a non-generally accepted accounting practices measure, was $30.56 per share at March 31, compared with $30.68 per share at December 31.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.