Highest-materiality recent filing
MBIA Q2 2026 GAAP net loss $46M ($0.91/sh); adjusted net loss $7M
GAAP net loss of $46M vs $56M loss in Q2 2025; year-to-date loss $86M vs $118M.
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).
MBIA declares $8.00/share extraordinary cash dividend (~$409M) from subsidiary dividends
Board declared extraordinary cash dividend of $8.00 per share (~$409M total) payable Dec 22, 2023 to holders of record Dec 18.
MBIA reports Q3 net loss of $185M, EPS -$3.94, on PREPA losses
GAAP net loss $185M ($3.94 per share) vs loss $34M ($0.67 per share) in Q3 2022.
MBIA's National enters Amended PREPA PSA; cash, contingent instruments, subject to court approval
On Aug 25, National entered First Amendment to PREPA Plan Support Agreement (Amended PSA) with FOMB.
MBIA Q2 net loss widens to $74M ($1.46 loss per share) on VIE losses
GAAP net loss of $74M ($1.46 per share) vs $36M loss ($0.72) in Q2 2022.
MBIA reports Q1 net loss $93M, EPS -$1.86, book value per share negative $16.57
Consolidated GAAP net loss of $93M ($1.86 diluted loss per share) vs $73M loss ($1.48 loss) in Q1 2022.
GAAP net loss of $195M ($3.92/diluted share) for 2022 vs $445M loss ($8.99/share) in 2021.
On Jan 31, 2023, National signed PSA with Puerto Rico oversight board for PREPA bond claims resolution.
National receives $177M bonds, $46M cash final distribution from Puerto Rico HTA plan
Final distribution: ~$177M bonds (face value) and $46M cash under HTA Plan of Adjustment effective Dec 6, 2022.
MBIA Q3 net loss narrows to $34M ($0.67/share) vs $123M loss a year ago
GAAP net loss of $34M for Q3 2022 compared to net loss of $123M in Q3 2021.
MBIA Q2 2022 GAAP net loss $36M ($0.72/sh), improved from $61M loss a year ago
GAAP net loss $36M ($0.72 per share) vs loss $61M ($1.23) in Q2 2021.
MBIA reports Q1 GAAP net loss of $73M; book value per share negative $10.29
Consolidated GAAP net loss $73M ($1.48 per diluted share) vs. loss of $106M ($2.16) in Q1 2021.
MBIA reports FY2021 GAAP net loss of $445M; book value per share turns negative $5.73
FY2021 GAAP net loss of $445M ($8.99 diluted loss per share) vs FY2020 loss of $578M ($9.78 loss per share).
Puerto Rico Court of Appeals reverses lower court, dismisses MBIA's case against UBS
On Dec 17, 2021, Puerto Rico Court of Appeals reversed denial of defendants' motion to dismiss.
MBIA Q3 2021 net loss $123M ($2.49/share) vs $58M loss a year ago
Net loss of $123M ($2.49 per diluted share) vs $58M loss ($1.11) in Q3 2020.
MBIA reports Q2 2021 GAAP net loss of $61M ($1.23/share); book value per share turns negative
Net loss of $61M (($1.23)/share) vs net loss of $106M (($1.69)/share) in Q2 2020.
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.
pursuant to which Mr. Harris will step down from his positions as General Counsel and Secretary of the Company effective August 31, 2023.
On October 27, 2021, the Board of Directors of MBIA Inc. (“MBIA”) elected Janice Innis-Thompsonas a member of MBIA’s Board of Directors.
Max materiality 0.80 · Median 0.65 · Most common event earnings