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MBIA Inc.

MBIA Inc.

NYSE•MBI
CEO: Mr. William Charles Fallon
Sector: Financial Services
Industry: Insurance - Specialty
Listing Date: 1987-07-01
MBIA Inc. provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S. political subdivisions, as well as utility districts, airports, health care institutions, higher educational facilities, housing authorities, and other similar agencies and obligations issued by private entities. It also insures the non-U.S. public finance and global structured finance, including asset-backed obligations; and sovereign-related and sub-sovereign bonds, and privately issued bonds used for the financing for utilities, toll roads, bridges, public transportation facilities, and other types of infrastructure projects, as well as offers third-party reinsurance services. MBIA Inc. was founded in 1973 and is headquartered in Purchase, New York.
Contact Information
1 Manhattanville Road, Suite 301, Purchase, NY, 10577, United States
914-273-4545
www.mbia.com
Market Cap
$382.74M
P/E (TTM)
-2.1
22.7
Dividend Yield
--
52W High
$8.26
52W Low
$3.86
52W Range
85%
Rank67Top 91.5%
1.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$15.00M-48.28%
4-Quarter Trend

EPS

-$0.16-86.33%
4-Quarter Trend

FCF

$90.00M-164.75%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Loss Significantly Reduced Net loss attributable to MBIA Inc. for nine months was (126M) USD, significantly reduced from (396M) USD loss last year.
Favorable Loss Adjustment Expense Loss and LAE recorded a (34M) USD benefit for nine months, reversing 171M USD expense recorded in prior period.
PREPA Exposure Reduced Sale of PREPA Custodial Receipts reduced volatility; National still has $565M insured debt service outstanding as of September 30, 2025.
Total Assets Decline Total assets stood at 2,060M USD as of September 30, 2025, reflecting a slight decrease from 2,168M USD at year-end 2024.

Risk Factors

PREPA Plan Confirmation Risk Confirmation of an amended PREPA plan differing from current settlement could materially affect National's PREPA loss reserves and recoveries.
Regulatory Compliance Limits National is not in compliance with certain single risk limits under NYIL; NYSDFS could prevent new financial guarantee business.
MBIA Corp. Dividend Capacity MBIA Insurance Corporation has no statutory capacity to pay dividends due to significant earned surplus deficit; interest on Surplus Notes unpaid.

Outlook

MBIA Mexico Liquidation Nears Dissolution of MBIA Mexico is substantially complete, returning approximately $12M capital to MBIA Corp. during the nine months ended September 2025.
Focus on Portfolio Remediation Expect National and MBIA Corp. to focus only on maximizing existing portfolio performance and remediation activities; no new policies written.
Deferred Tax Asset Review Full valuation allowance remains on $1.4B net deferred tax asset; management continues quarterly analysis for potential future utilization based on earnings.

Peer Comparison

Revenue (TTM)

SelectQuote, Inc.SLQT
$1.56B
+13.2%
Atlanticus Holdings CorporationATLC
$1.36B
+28.7%
James River Group Holdings, Ltd.JRVR
$646.58M
-19.1%

Gross Margin (Latest Quarter)

Midland States Bancorp, Inc.MSBI
100.0%
+0.0pp
James River Group Holdings, Ltd.JRVR
99.9%
+26.7pp
Atlanticus Holdings CorporationATLC
96.3%
-0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ATLC$902.13M7.720.2%75.7%
MSBI$431.23M9.96.6%6.9%
AMBC$423.73M-0.7-72.2%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-26.0%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $15.00M-48.3%
    |
    EPS: $-0.16-86.3%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $23.00M-162.2%
    |
    EPS: $-1.13-78.9%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $14.00M+7.7%
    |
    EPS: $-1.28-30.4%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $42.00M+600.0%
    |
    EPS: $-9.42+7.6%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $29.00M+262.5%
    |
    EPS: $-1.17-70.3%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: -$37.00M-237.0%
    |
    EPS: $-5.35+249.7%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $13.00M+550.0%
    |
    EPS: $-1.84-1.1%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $6.00M-96.0%
    |
    EPS: $-10.19-159.9%
    Miss