Quarterly ResultMay 7, 2026, 04:34 PM
MBIA Inc. Q1 Net Loss $40M, EPS $(0.80); Adjusted Net Loss $8M
AI Summary
MBIA Inc. reported a consolidated GAAP net loss of $40 million, or $(0.80) per diluted common share, for the first quarter of 2026, an improvement from a $62 million net loss in Q1 2025. This lower net loss was primarily due to favorable variances in foreign exchange, net realized investment gains, and losses and loss adjustment expense. The company's Adjusted Net Loss remained flat at $8 million, or $(0.16) per diluted share, compared to the prior year. MBIA Inc. maintained a liquidity position of $353 million, and National Public Finance Guarantee Corporation's insured portfolio declined to $21.5 billion.
Key Highlights
- MBIA Inc. reported a consolidated GAAP net loss of $40 million, or $(0.80) per diluted common share for Q1 2026.
- This compares to a consolidated GAAP net loss of $62 million, or $(1.28) per diluted common share, for Q1 2025.
- Adjusted Net Loss for Q1 2026 was $8 million, or $(0.16) per diluted share, matching Q1 2025.
- MBIA Inc.'s liquidity position totaled $353 million as of March 31, 2026.
- National Public Finance Guarantee Corporation had statutory capital of $950 million and claims-paying resources of $1.4 billion.
- National's insured portfolio declined by $857 million to $21.5 billion gross par outstanding.
- No MBIA Inc. shares were purchased in Q1 2026, with $71 million remaining under the repurchase authorization.