Company Overview - MBIA (MBI) shares increased by 15.4% to $7.11 in the last trading session, following a higher-than-average trading volume, contrasting with a 10.7% loss over the past four weeks [1] - The company is focusing on improving revenues while lowering expenses, which is expected to drive growth [2] Financial Performance - MBIA is projected to report a quarterly loss of $0.11 per share, reflecting a year-over-year increase of 31.3% [2] - Expected revenues for the upcoming report are $22 million, a decrease of 38.9% compared to the same quarter last year [2] Earnings Estimates and Market Trends - The consensus EPS estimate for MBIA has remained unchanged over the last 30 days, indicating a lack of upward momentum in earnings revisions [4] - Trends in earnings estimate revisions are correlated with near-term stock price movements, suggesting that monitoring these trends is crucial for assessing future stock performance [3] Industry Context - MBIA operates within the Zacks Insurance - Multi line industry, where Principal Financial (PFG) also competes [4] - Principal Financial's consensus EPS estimate has increased by 1.1% over the past month to $1.95, representing a 6.6% change from the previous year [5]

Shares of MBIA (MBI) have gained 67.2% over the past four weeks to close the last trading session at $6.89, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $8.83 indicates a potential upside of 28.2%.The average comprises three short-term price targets ranging from a low of $4.50 to a high of $13, with a standard deviation of $4.25. While the lowest estimate indicates a decline ...

MBIA (MBI) closed the last trading session at $5.98, gaining 53.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $8 indicates a 33.8% upside potential.The mean estimate comprises three short-term price targets with a standard deviation of $4.44. While the lowest estimate of $4.50 indicates a 24.8% decline from the current price level, the most optimistic analyst expects the stock ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MBI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I am also an Assured Guaranty (AGO) shareholderSeeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendatio ...

Financial Data and Key Metrics Changes - For Q3 2024, the company reported a consolidated GAAP net loss of $56 million, or a negative $1.18 per share, compared to a net loss of $185 million, or a negative $3.94 per share in Q3 2023, indicating a significant improvement in financial performance [14] - The adjusted net loss for Q3 2024 was $174,000, or essentially $0.00 per share, compared to an adjusted net loss of $138 million, or negative $2.92 per share in Q3 2023, reflecting a favorable change primarily due to lower loss in loss adjustment expenses (LAE) [16] - The book value per share decreased by $6.63 to a negative $39.19 as of September 30, 2024, compared to a negative $32.56 per share at year-end 2023, primarily due to a consolidated net loss of $396 million for the year-to-date period [17] Business Line Data and Key Metrics Changes - National reported statutory net income of $19 million for Q3 2024, compared to a statutory net loss of $133 million in Q3 2023, driven by lower loss in LAE related to PREPA exposure [21] - MBIA Insurance Corp. reported statutory net income of $2 million for Q3 2024, compared to a statutory net loss of $14 million in Q3 2023, with a small loss in LAE benefiting the current quarter [23] - National's gross par outstanding decreased by approximately $2.5 billion from year-end 2023 to about $26 billion at the end of Q3 2024, largely due to regular amortization of the insured portfolio [22] Market Data and Key Metrics Changes - National's leverage ratio of gross par to statutory capital was 26:1 at the end of Q3 2024, with total claims paying resources of $1.6 billion and statutory capital of $1 billion [13] - Claims paying resources for MBIA Insurance Corp. totaled $358 million as of September 30, 2024, down from $504 million at year-end 2023 [25] Company Strategy and Development Direction - The company is awaiting reduced uncertainty regarding the PREPA bankruptcy claim, which exceeds $800 million, before considering the sale of the company [11] - Management indicated that they are focused on ensuring further progress on Puerto Rico before engaging in discussions about capital release [27] Management's Comments on Operating Environment and Future Outlook - Management expressed that the feedback received suggests that engaging in the sale process would not be beneficial for shareholders at this time, but they remain open to possibilities as conditions change [31] - The recent election of a new governor in Puerto Rico may serve as a catalyst for resolving ongoing issues, which management views positively for shareholder interests [38] Other Important Information - The mediation regarding PREPA has been extended through January 31 of the following year, with ongoing uncertainty about the outcomes [10] - The corporate segment had total assets of approximately $646 million as of September 30, 2024, with unencumbered cash and liquid assets totaling $326 million [18][19] Q&A Session Summary Question: How much of the $1 billion capital at National is considered excess? - Management indicated that they do not focus on ratings and do not calculate excess capital in the traditional sense, but they are looking to ensure progress on Puerto Rico before discussing capital release [27] Question: Can you clarify the recovery rate on the PREPA claim? - Management acknowledged the logical approach taken by the analyst regarding the recovery rate but did not provide specific numbers [28] Question: Why is the company not reengaging in the sale process? - Management stated that feedback suggests it would not be beneficial for shareholders at this time, but they are open to considering it as conditions evolve [31] Question: Is the new governor likely to get more involved in PREPA restructuring? - Management suggested that while operational issues can be addressed without restructuring, resolving the bankruptcy would facilitate operational aspects [53] Question: Can the company walk away from the COAP agreement if better terms are offered? - Management confirmed that while they are currently committed to the COAP, there could be scenarios where they might change their approach [44]

MBIA (MBI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $2.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this insurance and reinsurance company would post a loss of $0.09 per share when it actually produced a loss of $2.90, delivering a surprise of -3,122.22%.Over the last four quarters, the compa ...

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, 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) Connecticut (State or other jurisdiction of i ...

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): November 07, 2024 MBIA Inc. (Exact ...

Financial Data and Key Metrics Changes - The company reported a consolidated GAAP net loss of $254 million, or a negative $5.34 per share for Q2 2024, compared to a net loss of $74 million, or a negative $1.46 per share for Q2 2023 [8][10] - The adjusted net loss for Q2 2024 was $138 million, or a negative $2.90 per share, compared to an adjusted net loss of $22 million, or negative $0.45 per share for Q2 2023 [10] - The book value per share decreased by $6.51 to a negative $39.07 as of June 30, 2024, from a negative $32.56 as of December 31, 2023 [10] Business Line Data and Key Metrics Changes - National reported a statutory net loss of $131 million for Q2 2024, compared to a statutory net loss of $11 million for Q2 2023, primarily driven by higher loss in LAE related to PREPA [12] - MBIA Insurance Corp. reported a statutory net loss of $35 million for Q2 2024, compared to zero net income for Q2 2023, driven by losses in LAE on Zohar-related salvage [14] Market Data and Key Metrics Changes - The gross par amount outstanding for National's insured portfolio declined by approximately $1.4 billion from year-end 2023 to $27 billion at the end of Q2 2024 [7][13] - National's statutory capital as of June 30, 2024, was $969 million, down $148 million compared to December 31, 2023 [12] Company Strategy and Development Direction - The company believes a consensual resolution regarding PREPA is in the best interest of all parties involved, but this requires a change in the Oversight Board's approach [6][7] - The company is focused on reducing operating expenses and has committed to measures that will continue to bring those expenses down over the next year [29] Management's Comments on Operating Environment and Future Outlook - Management expressed frustration over the prolonged resolution process for PREPA, noting that it has been a long-standing issue with many parties involved [18][19] - The company is aligned with the majority of bondholders and believes that court decisions may ultimately influence the resolution of the PREPA situation [21][24] Other Important Information - The Corporate Segment had total assets of approximately $657 million as of June 30, 2024, with unencumbered and liquid assets totaling $315 million [11] - The company spent approximately $62 million on retiring GFL euro-denominated medium-term note liabilities before their maturities [11] Q&A Session Summary Question: Why is PREPA unresolved compared to other Puerto Rican exposures? - Management explained that while three out of four large credits in Puerto Rico have been resolved, PREPA has faced unique challenges, including a lack of approval from the Oversight Board for a prior agreement [18][19] Question: What is the Oversight Board's issue with PREPA? - Management indicated that the Oversight Board's position complicates the resolution process, and it may require court intervention for clarification [21][24] Question: Is there still $70 million remaining under the repurchase authorization? - Yes, there is still about $70 million remaining under the repurchase authorization [25] Question: Will the company begin to buy back stock? - Management stated they are evaluating liquidity and obligations before deciding on stock buybacks [26] Question: Can operating expenses be expected to decrease? - Management confirmed they are focused on reducing operating expenses and have seen a downward trend [29] Question: What is the status of LCOR Alexandria? - Management noted that LCOR Alexandria is classified as a credit and they have a plan in place to resolve it without material impact on the company [33] Question: Is the company exploring opportunities in the synthetic risk transfer market? - Management acknowledged awareness of the synthetic market and is open to beneficial opportunities for shareholders [35]

MBIA (MBI) came out with a quarterly loss of $2.90 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3,122.22%. A quarter ago, it was expected that this insurance and reinsurance company would post a loss of $0.06 per share when it actually produced a loss of $0.52, delivering a surprise of -766.67%.Over the last four quarters, the ...