UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Connecticut 001-09583 06-1185706 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock MBI New York Stock Exchange 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): May 09, 2024 MBIA Inc. (Exact name ...

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 March 31, 2024 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) (I.R.S. Employer Identification No.) Connecticut ...

MBIA Inc. (NYSE:MBI) Q4 2023 Earnings Conference Call February 29, 2024 8:00 AM ET Company Participants Greg Diamond - Managing Director, Investor and Media Relations William Fallon - CEO Anthony McKiernan - CFO Conference Call Participants Thomas McJoynt - KBW John Stanley - Stanley Capital Advisors Paul Saunders - Hutch Capital Operator Welcome to the MBIA Inc. Fourth Quarter and Full Year 2023 Financial Results Conference Call. I would now like to turn the call over to Greg Diamond, Managing Director of ...

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 ...

Financial Data and Key Metrics Changes - The company reported a consolidated GAAP net loss of $74 million or a negative $1.46 per share for Q2 2023, compared to a net loss of $36 million or negative $0.72 per share for Q2 2022, indicating a significant increase in losses [8][11] - The adjusted net loss, a non-GAAP measure, was $22 million or a negative $0.45 per diluted share for Q2 2023, compared to an adjusted net loss of $47 million or a negative $0.93 per diluted share for Q2 2022, showing improvement [9][10] - Book value per share decreased to a negative $19.21 as of June 30, 2023, from a negative $16.07 as of December 31, 2022, primarily due to net losses and share repurchases [11] Business Line Data and Key Metrics Changes - National reported a statutory net loss of $11 million for Q2 2023, an improvement from a statutory net loss of $44 million for Q2 2022, attributed to lower loss in LAE and higher investment income [12][13] - The gross par outstanding for MBIA Corp. reduced by approximately $130 million during the quarter, totaling $3.2 billion as of June 30, 2023 [14] Market Data and Key Metrics Changes - National's outstanding gross par declined by approximately $1.2 billion from year-end 2022 to $30.5 billion as of June 30, 2023, indicating a continued run-off of its insured portfolio [6] Company Strategy and Development Direction - The company is focused on resolving its last material exposure to the Commonwealth of Puerto Rico, specifically the Puerto Rico Electric Power Authority (PREPA), while also reducing expenses and repurchasing shares [5][6] - A $100 million share repurchase authorization was approved, with 3 million shares repurchased at an average price of $8.08 per share, reducing the outstanding share count to 51.9 million [5] Management's Comments on Operating Environment and Future Outlook - Management expressed hope for a timely resolution regarding PREPA, with ongoing efforts to monitor the run-off of insurance portfolios and deliver shareholder value [5][6] - The company remains cautious about the operating environment, emphasizing the importance of maintaining liquidity and managing capital effectively [30] Other Important Information - National's leverage ratio of gross par to statutory capital remained unchanged at 16:1 as of June 30, 2023, with total claims paying resources of $2.4 billion and statutory capital in surplus of $1.9 billion [7] Q&A Session Summary Question: What is National's statutory capacity for buybacks as of June 30? - National had about $50 million of capacity left to purchase shares [15] Question: What happens to the shares that National has repurchased if it is sold? - Most likely, those shares would be retired and sent to the holding company [18] Question: Was National's provision attributed to PREPA driven by time value of money or lower expected recoveries? - It was a combination of both factors, including delays and potential risks [20] Question: Can you provide an update on the state of play for National regarding PREPA? - The current deadline for filing a plan is tomorrow, with ongoing focus on the existing PSA [22] Question: How do you view the better use of capital in terms of stock versus bonds? - The company is focused on near-term liquidity and obligations, prioritizing bond repurchases that align with their liquidity profile [34]