MBIA Inc. reported a consolidated GAAP net loss of $46 million, or $(0.91) per share, for the second quarter ended June 30, 2026, an improvement from the $56 million loss in the prior year period. The variance was driven by legal expense reversals related to Zohar CDOs and foreign exchange gains on euro-denominated notes. Adjusted net loss narrowed to $7 million, or $(0.14) per diluted share, compared to $8 million in 2025, primarily due to reduced losses at National Public Finance Guarantee Corporation associated with PREPA exposure. Year-to-date GAAP net loss was $86 million, or $(1.71) per diluted share, versus $118 million in the first half of 2025. Liquidity stood at $337 million as of June 30, 2026, with $71 million remaining under its share repurchase authorization and 51.0 million shares outstanding. MBIA Inc. operates in the financial services industry, providing financial guarantee insurance for public and structured finance markets.