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Sep 30, 2022
MBIA Q3 2022 Earnings Report
Reported a consolidated GAAP net loss, driven by favorable variances of losses and LAE at MBIA Corp. and National.
Key Takeaways
MBIA Inc. reported a consolidated GAAP net loss of $34 million, or $(0.67) per share, for Q3 2022, compared to a net loss of $123 million, or $(2.49) per share, for Q3 2021. The improved result was primarily due to favorable variances of losses and loss adjustment expenses (LAE) at MBIA Insurance Corporation (MBIA Corp.) and National Public Finance Guarantee Corporation (National).
MBIA Inc. reported a consolidated GAAP net loss of $34 million, or $(0.67) per share, for the third quarter of 2022.
Adjusted Net Loss was $17 million, or $(0.34) per diluted share, for the third quarter of 2022.
Book value per share was negative $15.70 as of September 30, 2022.
Company is exploring strategic alternatives, including a possible sale of the company.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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