Loading...
•
Dec 31, 2021
MBIA Q4 2021 Earnings Report
Reported a net loss due to unfavorable variance related to prior year revenue gains and increased losses and LAE at National.
Key Takeaways
MBIA Inc. reported a consolidated GAAP net loss of $155 million, or $3.12 per diluted common share, for Q4 2021, compared to a net loss of $81 million in Q4 2020. The greater net loss was primarily due to unfavorable variance related to prior year revenue gains and increased losses and LAE at National, primarily due to its Puerto Rico exposure.
Recorded a consolidated GAAP net loss of $155 million, or $3.12 per diluted common share, for the fourth quarter of 2021.
The greater net loss for the fourth quarter of 2021 was primarily due to the unfavorable variance related to the fourth quarter of 2020 increased recovery associated with variable interest entities revenue gains at MBIA Corp. for the Credit Suisse RMBS putback transaction and increased losses and LAE at National, primarily due to its Puerto Rico exposure.
Adjusted Net Loss for the fourth quarter of 2021 was $106 million or $(2.13) per share compared with an Adjusted Net Loss of $36 million or $(0.74) per share for the fourth quarter of 2020.
MBIA Inc.’s liquidity position totaled $239 million as of December 31, 2021.
Forward Guidance
MBIA did not provide forward guidance in the earnings report.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...