MBI

Image source: The Motley Fool. Friday, May 8, 2026 at 8:30 a.m. ET Chief Executive Officer — William Fallon Chief Financial Officer — Joseph Schachinger Managing Director, Investor Relations — Greg Diamond Need a quote from a Motley Fool analyst? Email [email protected] Greg Diamond: Thank you, Nikki. Yes, welcome to MBIA's conference call for our latest financial results. After the market closed yesterday, we issued and posted several items on our website, including our financial results, 10-Q, quarterly operating supplement and the statutory statements for both MBIA Insurance Corporation and National Public Finance Guarantee Corporation. We also posted updates to the listings of our insurance company's insurance portfolios. Regarding today's call, please note that anything said on the call is qualified by the information provided in the company's 10-K, 10-Q and other SEC filings as our company's definitive disclosures are incorporated in those documents. We urge investors to read our 10-K and 10-Q as they contain our most current disclosures about the company and its financial and operating results. Those documents also contain information that may not be addressed on today's call. The definitions and reconciliations of those non-GAAP terms included in our remarks today are also included in our 10-K and 10-Q as well as our financial results report and our quarterly operating supplement. The recorded replay of today's call will become available approximately 2 hours after the end of the call. Now for our safe harbor disclosure statement. Our remarks on today's conference call may contain forward-looking statements. Important factors such as general market conditions and the competitive environment could cause our actual results to differ materially from the projected results referenced in our forward-looking statements. Risk factors are detailed in our 10-K and 10-Q, which are available on our website at mbia.com. The company cautions not to place undue reliance on any such forward-looking statements. The company also undertakes no obligation to publicly correct or update any forward-looking statement if it later becomes aware that such statement is no longer accurate. For our call today, Bill Fallon and Joe Schachinger will provide introductory comments and then a question-and-answer session will follow. Now here is Bill Fallon. William Fallon: Thanks, Greg. Goo...

Interested in MBIA, Inc.? Here are five stocks we like better. MBIA’s first-quarter loss narrowed to a GAAP net loss of $40 million, or $0.80 per share, versus $62 million a year earlier, helped by favorable foreign exchange moves, lower reserve impacts and the absence of some prior-year investment losses. On an adjusted basis, the net loss was unchanged at $8 million. PREPA remains the key issue for National, with exposure unchanged at $425 million gross par value. Management said progress has stalled amid legal disputes involving Puerto Rico Oversight Board members, though they expect about $35 million in PREPA debt service needs for the rest of 2026. National’s capital position improved as insured gross par outstanding fell to about $21.5 billion and leverage eased to 23-to-1 from 24-to-1 at year-end 2025. National also posted $11 million in statutory net income, while MBIA Inc. ended the quarter with $353 million in unencumbered cash and liquid assets. MBIA (NYSE:MBI) reported a narrower first-quarter GAAP net loss, as management said favorable foreign exchange movements, lower reserve impacts and the absence of certain prior-year investment losses helped offset other items. The company posted a consolidated GAAP net loss of $40 million, or $0.80 per share, for the first quarter of 2026, compared with a net loss of $62 million, or $1.28 per share, in the prior-year quarter, EVP and Chief Financial Officer Joe Schachinger said on the company’s earnings call. → Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum On an adjusted basis, MBIA’s net loss was unchanged year over year at $8 million, or $0.16 per share. Schachinger said slightly lower revenue in the quarter was offset by slightly lower expenses. Schachinger said the lower GAAP net loss was primarily driven by several favorable year-over-year variances. At MBIA Insurance Corp., the company recorded no comparable 2026 losses related to the liquidation of its Mexican subsidiary, which had affected results in the first quarter of 2025. → 3 Ways to Target the Resources Powering AI and Data Centers The corporate segment also benefited from foreign exchange movements tied to Global Funding’s euro-denominated medium-term notes. Schachinger said the U.S. dollar strengthened against the euro in the first quarter of 2026, compared with a weakening of the dollar against the euro in the year-earlier...

This article first appeared on GuruFocus. Release Date: May 08, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. MBIA Inc (NYSE:MBI) reported a lower consolidated GAAP net loss of $40 million for Q1 2026 compared to $62 million in Q1 2025. National's statutory net income increased to $11 million in Q1 2026 from $4 million in Q1 2025. The company's leverage ratio improved, with National's gross par to statutory capital ratio decreasing from 24 to 1 at year-end 2025 to 23 to 1 at the end of Q1 2026. MBIA Inc (NYSE:MBI) experienced favorable variances in foreign exchange gains and losses, particularly due to the strengthening of the U.S. Dollar against the euro. National's insured portfolio's gross par amount outstanding declined by approximately $900 million from year-end 2025 to March 31, 2026. MBIA Inc (NYSE:MBI) reported a consolidated GAAP net loss of $40 million for Q1 2026, indicating ongoing financial challenges. The company's book value per share decreased by $0.55 to a negative $44.82 per share as of March 31, 2026. MBIA Insurance Corp's statutory net income decreased to $1 million in Q1 2026 from $2 million in Q1 2025. National's PREPA exposure remains unresolved, with no substantive progress made since the last conference call. MBIA Insurance Corp's claims-paying resources decreased slightly to $316 million as of March 31, 2026, down from year-end 2025. Warning! GuruFocus has detected 4 Warning Signs with MBI. Is MBI fairly valued? Test your thesis with our free DCF calculator. Q: Can you discuss the opportunity to redeem liabilities at a discount in the corporate segment balance sheet? A: Joe Sackinger, CFO, explained that they are consistently looking for opportunities to buy back holding company debt at discounts. However, there haven't been many opportunities recently. The focus is on repaying debt due in 2027 and 2028, with more opportunities expected in the next couple of years as they approach the 2030s debt. Q: Have there been any updates on the strategic process, such as hiring advisors or bankers to explore options? A: Bill Fallon, CEO, stated that there is nothing new to communicate regarding the strategic process at this time. Q: What is the projected cash requirement to meet the guarantees on the outstanding Puerto Rico PREPA debt in 2026? A: Bill Fallon, CEO, mentioned that the d...

PURCHASE, N.Y., May 07, 2026--(BUSINESS WIRE)--MBIA Inc. (NYSE:MBI) today posted its first quarter 2026 financial results on its website at https://investor.mbia.com/investor-relations/financial-information/default.aspx. The financial results will also be furnished to the Securities and Exchange Commission (SEC) on a Current Report on Form 8-K available at sec.gov. As previously announced, the Company will host a webcast and conference call for investors on Friday, May 8 at 8:30 a.m. (ET) to discuss its financial results and other issues related to the Company. The conference call webcast will be available on MBIA’s website at https://investor.mbia.com/investor-relations/events-and-presentations/default.aspx. MBIA Inc., headquartered in Purchase, New York, is a holding company whose subsidiaries provide financial guarantee insurance for the public and structured finance markets. Please visit MBIA’s website at www.mbia.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260507297565/en/ Contacts MBIA Inc. Greg Diamond, 914-765-3190 Managing Director Head of Investor and Media Relations [email protected]

PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MBIA Inc. (MBI) on Thursday reported a loss of $40 million in its first quarter. On a per-share basis, the Purchase, New York-based company said it had a loss of 80 cents. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 16 cents per share. The insurance and reinsurance company posted revenue of $24 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBI at https://www.zacks.com/ap/MBI

Kemper (KMPR) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -73.99%. A quarter ago, it was expected that this insurance holding company would post earnings of $0.85 per share when it actually produced earnings of $0.25, delivering a surprise of -70.59%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Kemper, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $1.11 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 8.65%. This compares to year-ago revenues of $1.19 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Kemper shares have lost about 18.9% since the beginning of the year versus the S&P 500's gain of 6%. While Kemper has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Kemper was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks he...

PURCHASE, N.Y., May 01, 2026--(BUSINESS WIRE)--MBIA Inc. (NYSE:MBI) will host a webcast and conference call for investors on Friday, May 8 at 8:30 a.m. (ET) to discuss its first quarter 2026 financial results and other issues related to the Company. The dial-in number for the call is 800-445-7795 in the U.S. and 785-424-1699 from outside the U.S. The conference call code is MBIAQ126. A live webcast of the conference call will also be accessible on www.mbia.com. The conference call will consist of brief comments on the first quarter 2026 results followed by a question-and-answer session for investors. MBIA’s financial results report and 10-Q filing will become available after the market closes on Thursday, May 7. The financial results report, 10-Q and other disclosures will be posted on the Company's website, www.mbia.com, prior to the start of the conference call. A replay of the conference call will become available approximately two hours after the completion of the call and will remain available until 11:59 p.m. on May 15, 2026 by dialing 800-727-1367 in the U.S. or 402-220-2669 from outside the U.S. The replay of the call will also be available on the Company's website. MBIA Inc., headquartered in Purchase, New York, is a holding company whose subsidiaries provide financial guarantee insurance for the public and structured finance markets. Please visit MBIA's website at www.mbia.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260501864104/en/ Contacts MBIA Inc. Greg Diamond, 914-765-3190 Managing Director Head of Investor and Media Relations [email protected]

Earnings improved on PREPA benefit: MBIA's 2025 GAAP net loss narrowed to $177 million (‑$3.58/sh) from $447 million in 2024 and adjusted results turned to a $23 million profit, driven mainly by a LAE benefit at National after a custodial‑receipt sale and favorable PREPA loss‑estimate revisions. Book value remains deeply negative: MBIA's book value per share fell to negative $44.27 at year‑end 2025, with MBIA Insurance Corp. contributing negative $53.35, highlighting persistent capital strain despite improved operating results. PREPA is the key unresolved risk: National still holds about $425 million of PREPA gross par outstanding and management expects limited near‑term progress due to legal issues, even as the insured portfolio runs off (gross par down to ~$22 billion) and National's statutory capital (~$937 million) provides some flexibility for dividends or strategic options. Interested in MBIA, Inc.? Here are five stocks we like better. MBIA (NYSE:MBI) reported lower net losses for full-year 2025 compared with 2024, as management pointed to a favorable swing in loss and loss adjustment expense (LAE) tied largely to National Public Finance Guarantee Corporation’s Puerto Rico Electric Power Authority (PREPA) exposure. Results for the fourth quarter were comparable to the prior-year period on a GAAP basis, according to executives on the company’s year-end earnings call. CEO Bill Fallon said MBIA posted “lower net losses” in 2025 versus 2024, while the fourth quarters of 2025 and 2024 were “comparable.” A key driver was National’s LAE line, where 2025 included a benefit compared with incurred losses in 2024. → Diamondback Sees Resilient Demand Despite Cautious Guidance Fallon said National’s LAE in both years “resulted primarily from changes to loss estimates for its PREPA-related exposure.” He attributed the 2025 benefit largely to the sale of a custodial receipt associated with National’s PREPA bankruptcy claims at “prices better than National’s loss estimates,” along with “favorably revised” loss estimates on National’s remaining PREPA exposure. CFO Joe Schachinger provided the GAAP comparisons: Fourth-quarter 2025 GAAP net loss: $51 million, or $(1.01) per share, versus a $51 million loss, or $(1.07) per share, in fourth-quarter 2024. Full-year 2025 GAAP net loss: $177 million, or $(3.58) per share, versus a $447 million loss, or $(9.43) per share, in 2...

This article first appeared on GuruFocus. Consolidated GAAP Net Loss (Q4 2025): $51 million or negative $1.01 per share. Consolidated GAAP Net Loss (Full-Year 2025): $177 million or negative $3.58 per share. Adjusted Net Loss (Q4 2025): $12 million or negative $0.24 per share. Adjusted Net Income (Full-Year 2025): $23 million or $0.46 per share. Book Value Per Share (Dec 31, 2025): Negative $44.27 per share. National's Gross Par Outstanding (Dec 31, 2025): Approximately $22 billion, down $3 billion from year-end 2024. National's Leverage Ratio (Dec 31, 2025): 24:1, down from 28:1 at year-end 2024. National's Statutory Net Income (Q4 2025): $5 million. National's Statutory Net Income (Full-Year 2025): $88 million. National's Statutory Capital (Dec 31, 2025): $937 million. MBIA Insurance Corp. Statutory Net Loss (Q4 2025): $7 million. MBIA Insurance Corp. Statutory Net Loss (Full-Year 2025): $26 million. MBIA Insurance Corp. Statutory Capital (Dec 31, 2025): $79 million. MBIA Insurance Corp. Insured Gross Par Outstanding (Dec 31, 2025): Approximately $2 billion, down 13% from year-end 2024. Warning! GuruFocus has detected 6 Warning Signs with MBI. Is MBI fairly valued? Test your thesis with our free DCF calculator. Release Date: February 27, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. MBIA Inc (NYSE:MBI) reported a lower consolidated GAAP net loss for full-year 2025 compared to 2024, driven by reduced expenses and higher revenues. National Public Finance Guarantee Corporation recorded a benefit from losses and loss adjustment expense in 2025, primarily due to favorable outcomes related to PREPA exposure. The company's adjusted net income for full-year 2025 was $23 million, a significant improvement from an adjusted net loss of $184 million in 2024. National's leverage ratio improved, with a decrease in the gross par to statutory capital ratio from 28:1 in 2024 to 24:1 in 2025. National reported statutory net income of $88 million for full-year 2025, a positive turnaround from a statutory net loss of $133 million in 2024. MBIA Inc (NYSE:MBI) reported a consolidated GAAP net loss of $51 million for the fourth quarter of 2025, consistent with the loss in the same quarter of 2024. The company's book value per share decreased to a negative $44.27 as of December 31, 2025, primarily due to the consolidated...

Performance improved in 2025 primarily due to a loss benefit at National, driven by selling PREPA bankruptcy claims at prices exceeding previous loss estimates. The PREPA restructuring remains stalled due to legal and administrative uncertainty surrounding the Financial Oversight and Management Board's membership. National's insured portfolio continues to de-risk through natural amortization, with gross par outstanding declining by approximately $3 billion to $22 billion. Leverage at National improved significantly, with the ratio of gross par to statutory capital dropping from 28-to-1 to 24-to-1 over the fiscal year. MBIA Insurance Corp's results were impacted by the dissolution of its Mexican subsidiary and ongoing recovery efforts related to the Zohar CDO restructurings. The holding company maintained $357 million in unencumbered liquid assets after retiring 7% debt that matured in December 2025. Management views the reduction in PREPA exposure as a primary catalyst that increases the likelihood and potential magnitude of future special dividends. Substantive progress on PREPA is contingent upon the U.S. administration filling vacant Oversight Board seats or existing members initiating new negotiations. The company remains open to all strategic options for shareholder value, including a potential sale of the entire company or a piecemeal divestiture of National. Future liquidity at the holding company level is dependent on the continued de-risking of the insured portfolio and regulatory approval for special distributions. National paid a $63 million as-of-right dividend to the holding company in December 2025, demonstrating consistent capital upstreaming capability. MBIA Insurance Corp remains burdened by $2 billion in gross par, with the Zohar recovery process acting as the primary hurdle to accelerating its final runoff. Management noted that while macro-political trends in states like New York and California are monitored, they have not necessitated additional loss reserves for non-Puerto Rican credits. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management clarified that while they evaluate special dividends constantly, the process involves confidential regulatory discussions that take significant time. Confirmed that the substantial reduction...

PURCHASE, N.Y., February 26, 2026--(BUSINESS WIRE)--MBIA Inc. (NYSE:MBI) today posted its full year and fourth quarter 2025 financial results on its website at https://investor.mbia.com/investor-relations/financial-information/default.aspx. The financial results will also be furnished to the Securities and Exchange Commission (SEC) on a Current Report on Form 8-K available at sec.gov. As previously announced, the Company will host a webcast and conference call for investors on Friday, February 27 at 8:00 a.m. (ET) to discuss its financial results and other issues related to the Company. The conference call webcast will be available on MBIA’s website at https://investor.mbia.com/investor-relations/events-and-presentations/default.aspx. MBIA Inc., headquartered in Purchase, New York, is a holding company whose subsidiaries provide financial guarantee insurance for the public and structured finance markets. Please visit MBIA’s website at www.mbia.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260226404093/en/ Contacts MBIA Inc. Greg Diamond, 914-765-3190 Managing Director Head of Investor and Media Relations [email protected]