Earnings ·
Reports Q3 GAAP net loss of $24 million, or $(0.49) per share
MBIMbia Inc
MBIA Inc. reported a consolidated GAAP net loss of $24 million, or $(0.49) per share, for the third quarter ended September 30, 2026, compared to an $8 million loss in the prior year period. The widening loss was driven by reduced losses and loss adjustment expense benefits at National Public Finance Guarantee Corporation, largely due to its exposure to the Puerto Rico Electric Power Authority (PREPA). Adjusted net loss was $3 million, or $(0.06) per diluted share, versus an adjusted net income of $51 million in 2025. Year-to-date GAAP net loss totaled $110 million, or $(2.20) per diluted share. As of September 30, 2026, the company reported liquidity of $335 million and remaining share repurchase capacity of $71 million. MBIA Inc. is a holding company whose subsidiaries provide financial guarantee insurance for public and structured finance markets.