Q3 2025 MBIA Inc Earnings Call Transcript

Nov 5, 2025 / 01:00 PM GMT

Release Date Price: $7.41 (+9.29%)

Transcript 10-Q8-K

Key Points

Positve

MBIA Inc (MBI) reported a significantly lower GAAP net loss of $8 million for Q3 2025 compared to $56 million in Q3 2024.
The company benefited from a net gain of $54 million in losses and loss adjustment expenses (LAE) related to its PREPA exposure.
MBIA Inc (MBI) successfully sold $374 million of its PREPA-related bankruptcy claims, improving its financial position.
The company's adjusted net income was $51 million for Q3 2025, a significant improvement from an adjusted net loss in Q3 2024.
National's statutory capital increased by $82 million compared to the end of 2024, driven by year-to-date net income.

Negative

MBIA Inc (MBI) still faces uncertainty regarding the resolution of its remaining PREPA exposure, which amounts to $425 million of gross par outstanding.
The company's consolidated book value per share remains negative at $43.17 as of September 30, 2025.
MBIA Insurance Corp reported a statutory net loss of $25 million for Q3 2025, compared to a net income of $2 million in Q3 2024.
The statutory capital of MBIA Insurance Corp decreased by $9 million from the end of 2024 due to year-to-date net losses.
There is ongoing litigation concerning the dismissal of Puerto Rico Financial Oversight and Management Board members, which could delay the resolution of PREPA-related issues.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MBI.N - MBIA Inc
Q3 2025 MBIA Inc Earnings Call
Nov 05, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the MBIA Inc. 3rd quarter 2025 financial results conference call. I would now like to turn the call over to Greg Diamond, managing director of investor and media relations at MBIA. Please go ahead, sir.

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Unidentified_2 [2]
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Thank you, Erica. Welcome to MBIA's conference call for our 3rd quarter 2025 financial results. After the market closed yesterday, we issued and posted several items on our website, including our financial results, 10, quarterly operating supplement, and statutory financial statements for both NBIA Insurance Corp and National Public Finance Guarantee

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