The U.S. public finance insurance segment recorded $164 million of pre-tax income in the third quarter of 2012 compared with $157 million of pre-tax income in the third quarter of 2011.Total premiums earned in the U.S. public finance insurance segment were $134 million in the third quarter of 2012, down 9 percent from $147 million of total premiums earned in the third quarter of 2011, reflecting a decrease in scheduled premiums earned as the insured portfolio amortizes, partially offset by an increase in refunding premiums earned.
MBIA Inc. Reports Third Quarter 2012 Financial Results
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