MBIA Q3 net loss $56M ($1.18/share) improves from $185M loss a year ago on lower PREPA charges

MBIA INC

2024-Q3 EPS reported -$8.37 revenue$5,000,000

Adjusted net loss of $174K ($0.00/share) vs. $138M loss in Q3 2023; benefit from lower PREPA losses.
Book value per share negative $39.19 as of Sept 30, 2024, down from negative $32.56 at Dec 31, 2023.
National statutory capital $1.0B, claims-paying resources $1.6B; insured portfolio $25.9B gross par.
MBIA Inc. liquidity $326M; $71M remaining under share repurchase authorization; 51.0M shares outstanding.
Year-to-date GAAP net loss $396M ($8.37/share) vs. $353M ($7.25/share) in 2023; higher due to Zohar CDO valuation.

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