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MBIA Inc (MBI)
NYSE:MBI
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.52Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -25.78%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects mixed results with improvements in net losses and reduced investment losses. However, significant challenges remain, particularly with the unresolved PREPA debt and higher loss in LAE, leading to a decrease in book value and claims paying resources.Company Guidance
During the MBIA Inc. fourth quarter and full year 2024 financial results conference call, several critical metrics and financial details were discussed. MBIA reported a consolidated GAAP net loss of $51 million or a negative $1.07 per share for Q4 2024, compared to a loss of $138 million or a negative $2.94 per share in Q4 2023. The company's adjusted net loss, a non-GAAP measure, was $22 million or a negative $0.48 per share for Q4 2024 versus an adjusted net loss of $8 million or a negative $0.16 per share for Q4 2023. For the full year 2024, the GAAP net loss was $447 million or a negative $9.43 per share, improved from a $491 million loss or negative $10.18 per share in 2023. The book value per share decreased to a negative $40.99 by the end of 2024, from a negative $32.56 at the end of 2023. National's insured portfolio's gross par outstanding fell by approximately $3.1 billion to about $25 billion at the end of 2024, with a leverage ratio of gross par to statutory capital at 28:1. National reported a statutory net loss of $10 million for Q4 2024 and $133 million for the full year, while MBIA Insurance Corp. experienced a statutory net loss of $64 million for 2024. Claims paying resources for National were $1.5 billion at year-end, down from $1.674 billion at the end of 2023. The company emphasized the ongoing uncertainty and strategic focus around resolving National's PREPA exposure, which remains a critical element for future corporate strategies, including the potential sale of the company.Lower Net Losses in 2024
MBIA Inc. reported a consolidated GAAP net loss of $447 million for full year 2024, a reduction from $491 million in 2023, primarily due to reduced investment losses and lower operating expenses.
Decreased Gross Par Amount
National's insured portfolio's gross par amount reduced by approximately $3.1 billion from year-end 2023 to about $25 billion at the end of 2024.
Statutory Net Loss Improvements
National's statutory net loss improved to $133 million in 2024 from $142 million in 2023, driven by lower net realized investment losses.
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MBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $7.02 | $6.07 | -13.53% |
| Nov 07, 2024 | $4.21 | $4.49 | +6.65% |
| Aug 06, 2024 | $4.06 | $3.75 | -7.64% |
| May 09, 2024 | $6.72 | $6.15 | -8.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MBIA Inc (MBI) report earnings?
MBIA Inc (MBI) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is MBIA Inc (MBI) earnings time?
MBIA Inc (MBI) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MBI EPS forecast?
MBI EPS forecast for the fiscal quarter 2025 (Q1) is -0.07.
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