(Bloomberg) -- MBIA Inc., the world's biggest bond insurer, said its first-quarter profit was unchanged even as demand rose to insure bonds, particularly in the U.S. structured finance market.
Net income was $198.6 million, or $1.46 a share, compared with $199 million, or $1.46, a year earlier, the Armonk, New York-based company said in a statement today. The average analyst estimate from a Bloomberg survey was for $1.45 a share. Excluding investment income and refundings, earnings were $1.30 a share.
Read more at Bloomberg Bonds News
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