)
MBIA (MBI) investor relations material
MBIA Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported lower consolidated GAAP net loss for full year 2025 ($177M) compared to 2024 ($447M), driven by lower expenses and higher revenues, mainly due to favorable developments in PREPA exposure and portfolio runoff.
Fourth quarter 2025 GAAP net loss remained flat at $51M year-over-year, but adjusted net loss improved to $12M from $22M in Q4 2024, reflecting lower losses and loss adjustment expenses (LAE) at National.
National recorded a benefit from losses and LAE in 2025, primarily from the sale of PREPA bankruptcy claims at favorable prices and revised loss estimates.
Strategic options, including a potential sale of the company or its components, remain under consideration, with decisions guided by shareholder value.
Released full year and Q4 2025 financial results, available on company and SEC websites.
Financial highlights
Full year 2025 consolidated GAAP net loss: $177M ($-3.58/share) vs. $447M ($-9.43/share) in 2024.
Q4 2025 consolidated GAAP net loss: $51M ($-1.01/share), unchanged from Q4 2024.
Full year 2025 adjusted net income: $23M ($0.46/share) vs. adjusted net loss of $184M ($-3.90/share) in 2024.
Book value per share as of Dec 31, 2025: negative $44.27, down $3.28 from prior year.
National statutory net income for 2025: $88M vs. net loss of $133M in 2024.
Outlook and guidance
Ongoing focus on resolving remaining PREPA exposure, with limited progress due to unresolved legal and board issues.
Special dividend potential is under continuous review, with improved circumstances increasing likelihood, but subject to regulatory approval and portfolio runoff.
Strategic review continues, with all options open, including sale of the company or its parts, depending on shareholder value.
Next MBIA earnings date
Next MBIA earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)