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Mar 31, 2022
MBIA Q1 2022 Earnings Report
Reported a consolidated GAAP net loss for the first quarter of 2022 due to favorable variances of losses and loss adjustment expenses partially offset by lower net gains on financial instruments at fair value and foreign exchange
Key Takeaways
MBIA Inc. reported a consolidated GAAP net loss of $73 million, or $(1.48) per diluted common share, for Q1 2022, compared to a net loss of $106 million, or $(2.16) per diluted common share, for Q1 2021. The adjusted net loss was $96 million, or $(1.94) per diluted share, compared to $116 million, or $(2.36) per diluted share, for the same period last year.
Consolidated GAAP net loss of $73 million, or $(1.48) per diluted common share.
Adjusted Net Loss (non-GAAP) of $96 million or $(1.94) per diluted share.
Book value per share was negative $10.29 as of March 31, 2022.
MBIA Inc.’s liquidity position totaled $216 million as of March 31, 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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