MBIA (MBI) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -500%. A quarter ago, it was expected that this insurance and reinsurance company would post a loss of $0.05 per share when it actually produced a loss of $2.92, delivering a surprise of -5,740%.Over the last four quarters, the company has ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 28, 2024 MBIA Inc. (Exact name of Registrant as Specified in Its Charter) Connecticut 001-09583 06-1185706 (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No .) 1 Manhattanville Road Suite 301 Purchase, New York 10577 (Address of Pri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-09583 MBIA INC. (Exact name of registrant as specified in its charter) Connecticut 06-1185706 (State of incorporation) (I.R.S. Employer Identifi ...

PURCHASE, N.Y.--(BUSINESS WIRE)--MBIA Inc. (NYSE:MBI) will host a webcast and conference call for investors on Thursday, February 29 at 8:00 a.m. (ET) to discuss its fourth quarter and full year 2023 financial results and other issues related to the Company. The dial-in number for the call is 800-245-3047 in the U.S. and 203-518-9765 from outside the U.S. The conference call code is MBIAQ423. A live webcast of the conference call will also be accessible on www.mbia.com. The conference call will consist of ...

MBIA Inc. (NYSE:MBI) Q3 2023 Earnings Conference Call November 3, 2023 8:00 AM ET Company Participants Greg Diamond - Managing Director, Investor and Media Relations Bill Fallon - CEO Anthony McKiernan - CFO Conference Call Participants Tommy McJoynt - KBW John Staley - Staley Capital Advisers Giuliano Bologna - Compass Point Geoffrey Dunn - Dowling & Partners Operator Welcome to the MBIA Inc. Third Quarter 2023 Financial Results Conference Call. I would now like to turn the call over to Greg Diamond, Manag ...

Table of Contents United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9583 MBIA INC. (Exact name of registrant as specified in its charter) Connecticut (State or other jurisdiction of inco ...

MBIA Inc. (NYSE:MBI) Q2 2023 Earnings Conference Call August 3, 2023 8:00 AM ET Company Participants Greg Diamond - Managing Director, Investor and Media Relations Bill Fallon - Chief Executive Officer Anthony McKiernan - Chief Financial Officer Conference Call Participants Tommy McJoynt - KBW Paul Saunders - Hutch Capital John Staley - Staley Capital Advisors Operator Welcome to the MBIA Inc. Second Quarter 2023 Financial Results Conference Call. I would now like to turn the call over to Greg Diamond, Mana ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock MBI New York Stock Exchange United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-95 ...

Financial Data and Key Metrics Changes - The company reported a consolidated GAAP net loss of $93 million or negative $1.86 per share for Q1 2023, compared to a net loss of $73 million or negative $1.48 per share for Q1 2022, indicating a deterioration in financial performance [8] - The adjusted net loss was $1 million or negative $0.03 per diluted share for Q1 2023, an improvement from an adjusted net loss of $96 million or negative $1.94 per diluted share for Q1 2022, primarily due to lower loss in loss adjustment expenses (LAE) at National [9][10] - Book value per share decreased to negative $16.57 as of March 31, 2023, from negative $16.07 as of December 31, 2022, mainly due to the net loss for the year [10] Business Line Data and Key Metrics Changes - National reported statutory net income of $11 million for Q1 2023, down from $104 million in Q1 2022, primarily due to a large loss in LAE benefit in Q1 2022 compared to a modest loss in Q1 2023 [11] - MBIA Insurance Corp. had a statutory net loss of $20 million for Q1 2023, compared to a loss of $14 million in Q1 2022, driven by increased LAE expense [13] Market Data and Key Metrics Changes - National's remaining exposure to Puerto Rico's PREPA is $710 million of gross par insured as of March 31, 2023, with the insured portfolio running off as gross par declined by $600 million from year-end 2022 to $31 billion [6][7] - Total claims paying resources for National were $2.4 billion, with statutory capital and surplus at $1.9 billion as of March 31, 2023 [12] Company Strategy and Development Direction - The company has suspended the exploration of strategic alternatives due to volatile market conditions and feedback from potential suitors, focusing instead on finalizing PREPA remediation and seeking cost reductions [5] - A new $100 million share repurchase authorization has been approved, which can be utilized by MBIA Inc. and/or National [5] Management Comments on Operating Environment and Future Outlook - Management indicated that the macroeconomic environment, including tighter credit conditions, influenced the decision to suspend strategic alternatives, but they remain optimistic about restarting the process in the near future [16][23] - The finalization of PREPA is seen as a critical step that could eliminate uncertainty and potentially attract interest from prospective buyers [23][25] Other Important Information - The company noted that Charlie Rinehart, the Board Chairman, resigned after 15 years of service, highlighting his contributions to MBIA [7] Q&A Session Summary Question: Reasons for suspending strategic alternatives - Management indicated that the primary reason was the overall market conditions rather than stale interest from potential suitors [16] Question: Statutory capacity for National to buy back stock - The capacity for National to buy shares is based on a calculation related to its surplus, approximately 50% of surplus minus common and preferred shares [18] Question: Future strategic plans and potential for reinsurance deals - Management stated they will continue to look for opportunities to enhance shareholder value, including potential reinsurance deals [31] Question: Market conditions affecting prospective buyers - Management acknowledged that both risk aversion and wider spreads are impacting the market, making it difficult to attribute the effects to one factor [28] Question: Capacity for National to conduct buybacks - Management confirmed that National currently has about $50 million of capacity for buybacks, which has increased as share prices have declined [20] Question: True economic book value for buybacks - Management refrained from providing specific numbers on the true economic book value but emphasized diligence in purchasing shares at discounted prices [36][38]

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock MBI New York Stock Exchange Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9583 MBIA INC. (Exa ...