Highest-materiality recent filing
MBIA Q1 2026 GAAP net loss narrows to $40M from $62M; adjusted loss unchanged
GAAP net loss $40M ($0.80/share) vs $62M ($1.28) in Q1 2025, driven by favorable FX and loss adjustments.
MBIA narrows FY 2025 GAAP net loss to $177M from $447M; Adjusted net income turns positive $23M
Full-year GAAP net loss of $177M ($3.58/sh) vs $447M ($9.43/sh); Adjusted net income of $23M ($0.46/sh) vs adjusted loss of $184M.
MBIA Q3 2025 GAAP net loss narrows to $8M ($0.17); adjusted net income $51M ($1.03)
GAAP net loss $8M ($0.17/sh) vs loss $56M ($1.18/sh) in Q3 2024; improvement from PREPA benefit.
MBIA subsidiary sells $374 million PREPA bankruptcy claims via Custodial Receipts
National sold Custodial Receipts representing ~$374 million face amount of bankruptcy claims in the PREPA Title III case.
MBIA Q2 2025 GAAP net loss narrows to $56M from $254M YoY; book value negative $43.14
GAAP net loss of $56M ($1.12 loss per diluted share) vs $254M loss ($5.34) in Q2 2024, driven by lower PREPA losses at National.
MBIA Q1 2025 GAAP net loss $62M ($1.28/sh) vs $86M loss prior year; Adjusted loss $8M
GAAP net loss $62M improves from $86M loss in Q1 2024 on lower VIE losses and PREPA reserves.
MBIA reports 2024 GAAP net loss of $447M; book value per share negative $40.99
GAAP net loss $447M (-$9.43/diluted share) vs $491M loss in 2023; adjusted net loss $184M (-$3.90/share).
MBIA Q3 net loss $56M ($1.18/share) improves from $185M loss a year ago on lower PREPA charges
Adjusted net loss of $174K ($0.00/share) vs. $138M loss in Q3 2023; benefit from lower PREPA losses.
MBIA Q2 net loss widens to $254M on PREPA losses; book value per share negative $39.07
GAAP net loss $254M ($5.34 diluted EPS) vs loss of $74M ($1.46) in Q2 2023; revenue figures not separately disclosed.
MBIA Q1 net loss $86M ($1.84/share); adjusted net loss $24M; book value negative $33.80
GAAP net loss of $86M ($1.84/diluted share) vs $93M loss ($1.86) in Q1 2023.
MBIA FY2023 net loss widens to $491M; pays $8/share special dividend, book value negative $32.56
GAAP net loss $491M ($10.18/diluted share) vs $195M ($3.92) in 2022; adjusted net loss $169M ($3.49) vs $145M ($2.90).
Effective May 2, 2024, MBIA Inc. (the “Company”) appointed Shengying Yu as Controller, the principal accounting officer for purposes of the Company’s filings with the Securities and Exchange Commission.
Joseph Schachinger, as previously announced, has succeeded Anthony McKiernan as Chief Financial Officer of the Company as of April 30, 2024, and will no longer serve as the Company’s principal accounting officer as of the date of Ms. Yu’s appointment.
Mr. Joseph Schachinger, currently the Company’s Controller, will replace Mr. McKiernan as Chief Financial Officer effective April 30, 2024.
Under the Separation Agreement, effective April 30, 2024 Mr. McKiernan will step down from his position as Chief Financial Officer and will resign from all of his other positions with the Company.
Max materiality 0.80 · Median 0.65 · Most common event earnings