MBIA

MBIA posted a GAAP net loss of $46 million ($0.91/share) in Q2 2026, improved from a $56 million loss a year earlier, and an adjusted net loss of $7 million. National's outstanding PREPA exposure fell $35 million to $390 million, but bondholders representing about 90% of claims rejected the Financial Oversight Board's roughly $3 billion settlement proposal and litigation continues. Capital and liquidity metrics improved: National leverage declined to 21-to-1, statutory capital rose to about $968 million, MBIA held $337 million of unencumbered cash and $71 million remained under its buyback authorization, while management continues to evaluate strategic options as PREPA risk runs off. » Altro su finance.yahoo.com

MBIA's 2025 GAAP net loss narrowed to $177 million from $447 million a year earlier, while adjusted results swung to a $23 million profit, driven mainly by a LAE benefit at National after a custodial‑receipt sale and favorable PREPA loss-estimate revisions. Book value per share remained deeply negative at -$44.27, with MBIA Insurance Corp. contributing -$53.35, underscoring ongoing capital strain. National still holds about $425 million of PREPA gross par outstanding and management expects limited near‑term resolution due to legal issues, even as the insured portfolio runs off and statutory capital (~$937 million) provides some flexibility for dividends or strategic options. Management said all options remain on the table, including potential special dividends or sales, but gave no timeline. » Altro su finance.yahoo.com

MBIA delivered mixed results for the fourth quarter of 2025: revenue rose to $28 million, beating the $6 million forecast, while earnings per share of -$0.99 missed the expected -$0.03 by a wide margin. Adjusted net loss improved versus the prior quarter, and the stock held steady at $6.34 in after-hours trading. Management is reviewing strategic alternatives and possible capital returns, while exposure to PREPA and restructuring risks remains a drag. » Altro su de.investing.com