MBIA (MBI) - 2025 Q1 - Quarterly Results

Financial Performance - MBIA Inc. reported a consolidated GAAP net loss of $62 million, or$(1.28) per diluted common share, for Q1 2025, an improvement from a net loss of $86 million, or$(1.84) per diluted common share, in Q1 2024[15]. - Adjusted Net Loss for Q1 2025 was $8 million, or$(0.16) per diluted share, compared to an Adjusted Net Loss of $24 million, or$(0.52) per diluted share, in Q1 2024[17]. - Book value per share was negative $42.22 as of March 31, 2025, compared to negative$40.99 as of December 31, 2024[16]. Liquidity and Capital Position - The company's liquidity position totaled $378 million as of March 31, 2025, primarily consisting of cash and cash equivalents and liquid invested assets[19]. - National Public Finance Guarantee Corporation had statutory capital of$919 million and claims-paying resources totaling $1.5 billion as of March 31, 2025[20]. - MBIA Corp.'s statutory capital was$88 million with claims-paying resources totaling $349 million as of March 31, 2025[21]. Portfolio and Leverage - National's insured portfolio declined by$518 million during the quarter, ending with $24.8 billion of gross par outstanding[20]. - The leverage ratio of National ended the quarter at 27 to 1, down from 28 to 1 at year-end 2024[20]. Share Repurchase and Future Events - There were no share repurchases during Q1 2025, with$71 million of remaining capacity under the share repurchase authorization as of April 30, 2025[19]. - The company will host a conference call on May 9, 2025, to discuss its Q1 2025 financial results[22]. Additional Information - MBIA Inc. reported financial results available in the quarterly Operating Supplement[35]. - The company’s revenue and performance metrics are detailed in the financial results tables[35]. - Investor and media relations contact information is provided for further inquiries[35].