MBIA (MBI)

MBIA Inc., headquartered in Purchase, New York, is a holding company whose subsidiaries provide financial guarantee insurance for the public and structured finance markets.

Company profile

Ticker

MBI

Exchange

NYSE

Website

www.mbia.com

CEO

William Fallon

Incorporated

Connecticut

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Property and Casualty Insurance Carriers

Industry (SIC)

Surety Insurance

AMBAC Financial • Assured Guaranty • Old Republic International • MGIC Investment • Radian • Essent • NMI • Syncora ...

SEC CIK

0000814585

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Alliance For Responsible Municipal Government, LLC • MBIA Capital Corp. • MBIA Global Funding, LLC • MBIA Insurance Corporation • MBIA Mexico, S.A. de C.V. • MBIA Services Corporation • Municipal Issuers Service Corporation • MZ Funding LLC • National Public Finance Guarantee Holdings, Inc. • National Public Finance Guarantee Corporation ...

IRS number

61185706

MBI stock data

1M 1Y 5Y

News

From Benzinga Pro

Stocks That Hit 52-Week Lows On Friday

5 Aug 22

On Friday, 72 companies set new 52-week lows.

Insurance Stocks Moving In Friday's Intraday Session

5 Aug 22

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.

Why NanoViricides Jumped Over 48%; Here Are 106 Biggest Movers From Yesterday

5 Aug 22

Gainers ChemoCentryx, Inc. (NASDAQ: CCXI) surged 109.2% to settle at $50.43 on Thursday after the company, and Amgen, announced an agreement under which Amgen will acquire the company for $52 per share in cash.

Insurance Stocks Moving In Thursday's Intraday Session

4 Aug 22

MBIA Q2 Adj. EPS $(0.93) Misses $(0.54) Estimate, Sales $40.00M

3 Aug 22

Press releases

From Benzinga Pro

MBIA Inc. Reports Second Quarter 2022 Financial Results

3 Aug 22

MBIA Inc. (NYSE:MBI) today posted its second quarter 2022 financial results on its website at https://investor.mbia.com/investor-relations/financial-information/default.aspx. The financial results will also be furnished

MBIA Inc. Investor Conference Call to Discuss Second Quarter 2022 Financial Results Scheduled for Thursday, August 4 at 8:00 A.M. Eastern Time

27 Jul 22

MBIA Inc. (NYSE:MBI) will host a webcast and conference call for investors on Thursday, August 4 at 8:00 a.m. (ET) to discuss its second quarter 2022 financial results and other issues related to the Company. The

National Receives Initial Distribution of Cash and Securities Representing Expected Partial Recovery on Insured Puerto Rico Highways and Transportation Authority Bonds

11 Jul 22

National Public Finance Guarantee Corporation ("National"), an indirect subsidiary of MBIA Inc. (NYSE:MBI), today announced that on July 8, 2022 it received an initial distribution of cash and securities in accordance

Calendar

3 Aug 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart MBI financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	207M	207M	207M	207M	207M	207M
Cash burn (monthly)	(no burn)	11.67M	12M	32.25M	13.67M	(no burn)
Cash used (since last report)	n/a	18.32M	18.84M	50.64M	21.46M	n/a
Cash remaining	n/a	188.68M	188.16M	156.36M	185.54M	n/a
Runway (months of cash)	n/a	16.2	15.7	4.8	13.6	n/a

Beta Read what these cash burn values mean

Financial data from MBIA earnings reports.

Recent insider trades

MBI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
12 May 22	Shasta Theodore	Common Stock	Grant	Acquire A	No	No	11.96	8,361	100K	74,707
12 May 22	Rinehart Charles R	Common Stock	Grant	Acquire A	No	No	11.96	8,361	100K	146,400
12 May 22	Vaughan Richard C	Common Stock	Grant	Acquire A	No	No	11.96	8,361	100K	87,363
12 May 22	Dewbrey Diane L	Common Stock	Grant	Acquire A	No	No	11.96	8,361	100K	57,574

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

MBI institutional ownership history Ownership history

55.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	123	117	+5.1%
Opened positions	16	21	-23.8%
Closed positions	10	15	-33.3%
Increased positions	31	38	-18.4%
Reduced positions	52	36	+44.4%

13F shares	Current	Prev Q	Change
Total value	100.63B	106.37B	-5.4%
Total shares	35.46M	35.65M	-0.5%
Total puts	426.7K	243.3K	+75.4%
Total calls	1.98M	1.03M	+91.9%
Total put/call ratio	0.2	0.2	-8.6%

Largest owners	Shares	Value	Change
Kahn Brothers	4.83M	$74.32B	-3.0%
Dimensional Fund Advisors	3.9M	$60.07M	-7.4%
BLK Blackrock	3.31M	$50.9M	-5.1%
Ninety One UK	2.57M	$39.48M	-2.9%
Vanguard	2.49M	$38.26M	+2.7%
Border to Coast Pensions Partnership	2.21M	$25.87B	-4.4%
London Co Of Virginia	1.72M	$26.42M	-1.3%
Newtyn Management	1.38M	$21.21M	+6.8%
Wolf Hill Capital Management	1.13M	$17.45M	-1.4%
Valueworks	1.09M	$16.82M	-0.3%

Largest transactions	Shares	Bought/sold	Change
Wellington Management	598.21K	+598.21K	NEW
Dimensional Fund Advisors	3.9M	-310.72K	-7.4%
Citadel Advisors	465.54K	+274.75K	+144.0%
GS Goldman Sachs	347.53K	+240K	+223.2%
IVZ Invesco	37.9K	-234K	-86.1%
Susquehanna International	572.57K	+217.66K	+61.3%
MS Morgan Stanley	221.82K	-205.62K	-48.1%
BLK Blackrock	3.31M	-176.12K	-5.1%
Kahn Brothers	4.83M	-149.66K	-3.0%
Millennium Management	225.81K	+110.35K	+95.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

The decrease in consolidated total revenues was primarily due to VIE net losses in 2021 compared with net gains in 2020 and a decrease in investment-related revenues and gains, partially offset by gains on interest rate swaps and foreign exchange gains in 2021 compared with net losses in 2020. Net losses of consolidated variable interest entities (“VIEs”) of $23 million during 2021 declined from net gains of $163 million during 2020. The unfavorable changes in VIE revenues were primarily due to gains in 2020 from an increase in the Credit Suisseput-back

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: aco, broader, earliest, fa, fixed, generallyprohibit, hardship, human, hypothetical, ir, island, larger, low, mpany, outperformance, pany, picked, pressure, reclassification, robust, strength, theco, theCom, thousand, upward, wasno, weighing

Removed: addressed, allocable, approving, avoidance, contemplated, delayed, earlier, enforceability, entry, largely, legally, lending, monoline, notice, outbreak, provision, ratified, Rule, schedule, strong, traded, unemployment, uninsured, weakening, withdraw, withdrawal

From filing 10-Q 2022 Q2

Financial reports

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