MBIA Inc.
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Range $14 – $14
Price Chart
About the company
MBIA Inc. focuses on providing insurance services that guarantee financial obligations, predominantly within the public finance arena. The company operates through two main divisions: one dedicated to U.
- CEO
- William Charles Fallon
- IPO
- 1987
- Employees
- 57
- HQ
- Purchase, NY, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $249.58M
- P/E
- -1.69
- PEG
- -0.04
- P/S
- 2.66
- P/B
- -0.11
- EV/EBITDA
- 64.88
- Div Yield
- 0.00%
- Gross Margin
- 29.79%
- Op Margin
- -156.38%
- Net Margin
- -154.26%
- ROE
- 6.43%
- ROIC
- -12.86%
Latest fiscal year · YoY change
- Revenue
- $80.00M+90.5%
- Gross Profit
- $12.00M+108.2%
- Op Income
- $-181,000,000
- Net Income
- $-177,000,000+60.1%
- EPS
- $-3.59+61.9%
- OCF Growth
- +121.6%
- FCF Growth
- +121.6%
- 52W High
- $8.26
- 52W Low
- $4.72
- 50D MA
- $5.85
- 200D MA
- $6.35
- Beta
- 1.32
- RSI (14)
- 33
- Avg Volume
- 407.33K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
MBIA reported a smaller second-quarter loss and continued progress on reducing PREPA exposure, but the key resolution remains tied to uncertain litigation and Oversight Board developments.· August 7, 2026
- GAAP net loss improved to $46 million, or $(0.91) per share, from $56 million, or $(1.12) per share, a year ago.
- Adjusted net loss was $7 million, or $(0.14) per share, versus $8 million, or $(0.17) per share, last year.
- National’s PREPA gross par exposure fell by $35 million to $390 million, and the company said the latest settlement offer was rejected by bondholders as inadequate.
- Holding company unencumbered cash and liquid assets were $337 million, down from $357 million at year-end 2025.
- National’s statutory capital was $968 million and claims-paying resources were $1.4 billion; buyback capacity of $71 million remains available.
Second-quarter 2026 consolidated GAAP net loss was $46 million, or a negative $0.91 per share, versus a net loss of $56 million, or a negative $1.12 per share, in the second quarter of 2025. Adjusted net loss was $7 million, or a negative $0.14 per share, compared with $8 million, or a negative $0.17 per share a year ago. MBIA Inc. book value per share was negative $45.58 at June 30, 2026, down $1.31 from year-end 2025, reflecting a consolidated net loss of $86 million in the first six months of 2026. National’s insured gross par outstanding declined to about $20.8 billion, and its leverage ratio improved to 21:1 from 24:1 at year-end 2025. For the holdco, unencumbered cash and liquid assets were $337 million versus $357 million at year-end 2025. Forward-looking guidance was qualitative rather than numeric: management said the biggest priority remains resolving National’s PREPA exposure, noted the latest Oversight Board offer was rejected, and said the probability of a transaction rises as PREPA exposure declines. Management also confirmed $71 million of buyback capacity is still available, but gave no new timetable for capital deployment or a sale process.
William Fallon emphasized that the quarter and year-to-date results compared favorably with the prior year, but the company’s main focus remains PREPA. He described several legal and political developments as potentially helpful catalysts, including progress in litigation, the First Circuit timeline, and uncertainty around the Oversight Board’s composition. His tone was cautious but constructive: he repeatedly said the company is not passive, while also acknowledging that timing remains hard to predict.
Joseph Schachinger walked through the financials, noting the GAAP loss improvement was driven mainly by a reversal of legal expenses in a consolidated VIE tied to Zohar recoveries and by foreign exchange gains versus losses last year. He said the adjusted net loss improved modestly because of slightly lower LAE at National related to PREPA. On liquidity, he highlighted $337 million of unencumbered cash and liquid assets at MBIA Inc., down from $357 million at year-end 2025 due to debt service and operating expenses net of investment income, and said the company continues to manage holdco liquidity carefully. He also cited National statutory net income of $10 million, statutory capital of $968 million, and claims-paying resources of $1.4 billion, plus MBIA Insurance Corp. statutory net income of $27 million, statutory capital of $106 million, and claims-paying resources of $342 million.
Analysts focused heavily on PREPA, asking whether the Oversight Board’s doubled proposal was meaningfully better; Fallon said it was only positive in that it was a substantial increase from the Board’s perspective, but bondholders still viewed it as clearly inadequate. Another major line of questioning concerned capital returns and buybacks: management confirmed $71 million of capacity remains available and said any distribution from National to the holdco would require a more tailored analysis as the portfolio shrinks. Questions also probed the sale process and political risk in insured portfolios; Fallon said a transaction becomes more likely as PREPA exposure declines, and that political trends are already part of the portfolio analysis, though no impairments were taken this quarter on that basis.
The quarter showed narrower losses, and management pointed to lower PREPA-related LAE, FX benefits, and stronger statutory results at both National and MBIA Insurance Corp. PREPA exposure continues to run off, the debt service burden is declining, and management sees multiple legal and governance developments that could catalyze progress. The company also still has $71 million of buyback capacity and meaningful holdco liquidity, which supports optionality if PREPA moves toward resolution.
The central risk remains PREPA, where the latest settlement proposal was rejected by bondholders as inadequate and timing is still highly uncertain. MBIA’s book value remains deeply negative, holdco cash declined during the quarter, and management offered no firm guidance on capital deployment or a sale process. The outcome still depends on litigation, Oversight Board composition, and broader Puerto Rico-related uncertainty, all of which management said are hard to predict.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 82.0%
- Shares Outstanding
- 50.93M
- Float Shares
- 41.78M
of shares held by institutions
140 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Kahn Brothers Group Inc | 4.21M | ▲ 2.16M |
| Blackrock, Inc. | 3.67M | ▲ 280.17K |
| Vanguard Group Inc | 2.54M | ▲ 33.14K |
| Wolf Hill Capital Management, LP | 2.12M | ▼ 427.53K |
| Vanguard Capital Management LLC | 1.99M | ▲ 16.00K |
| Valueworks LLC | 1.97M | ▲ 35.34K |
| Hosking Partners Llp | 1.55M | ▼ 35.65K |
| Geode Capital Management, LLC | 1.14M | ▲ 55.74K |
| State Street Corp | 1.09M | ▲ 24.21K |
| Cerity Partners LLC | 1.09M | ▲ 655.21K |
| Tcw Group Inc | 1.07M | ▲ 26.80K |
| Russell Investments Group, Ltd. | 459.08K | ▲ 29.05K |
Held by 107 ETFs
Biggest fund positions in MBI by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| May 12, 26 | VAUGHAN RICHARD C | other | 16,181 |
| May 12, 26 | Shasta Theodore | other | 16,181 |
| May 12, 26 | Innis-Thompson Janice L. | other | 16,181 |
| May 12, 26 | GILBERT STEVEN J | other | 16,181 |
| May 12, 26 | DEWBREY DIANE L | other | 16,181 |
| Mar 4, 26 | Fallon William C | other | 39,658 |
| Mar 4, 26 | Bergonzi Adam T. | other | 13,280 |
| Mar 4, 26 | Schachinger Joseph R. | other | 2,400 |
| Mar 4, 26 | Young Christopher H. | other | 8,668 |
| Mar 4, 26 | Avitabile Daniel M. | other | 8,668 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our MBI coverage
Recent articles, reports, and earnings notes.
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Generate MBI report →MBIA Q2 Earnings Call Highlights
marketbeat.com · Aug 8
MBIA Inc. (MBI) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 7
MBIA Inc. Reports Second Quarter 2026 Financial Results
businesswire.com · Aug 6
MBIA Inc. Investor Conference Call to Discuss Second Quarter 2026 Financial Results Scheduled for Friday, August 7 at 8:30 A.M. Eastern Time
gurufocus.com · Jul 31
MBIA Inc. Investor Conference Call to Discuss Second Quarter 2026 Financial Results Scheduled for Friday, August 7 at 8:30 A.M. Eastern Time
businesswire.com · Jul 31
MBIA Q1 Earnings Call Highlights
marketbeat.com · May 11
MBIA Inc. (MBI) Q1 2026 Earnings Call Transcript
seekingalpha.com · May 8
MBIA (MBI) Reports Q1 Loss, Beats Revenue Estimates
zacks.com · May 7
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