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AI brief of an SEC Form 8-K · MBIA INC (MBI)

MBIA narrows Q1 2026 GAAP net loss to $40 million from $62 million a year earlier

Positive Impact 3 of 5 earnings Written later

MBIA Inc. reported a first-quarter 2026 GAAP net loss of $40 million, or $(0.80) per diluted share, compared with a $62 million loss, or $(1.28) per share, in the first quarter of 2025. Its Adjusted Net Loss was $8 million, or $(0.16) per share, equal to the prior-year quarter, and the company made no share repurchases during the quarter, so shareholders see a smaller GAAP loss but no change in adjusted results.

Key points

  • GAAP net loss of $40 million, or $(0.80) per diluted share, for Q1 2026, versus $62 million, or $(1.28) per share, in Q1 2025
  • Adjusted Net Loss of $8 million, or $(0.16) per share, unchanged from Q1 2025
  • MBIA Inc. liquidity of $353 million as of March 31, 2026; $71 million of share repurchase capacity remaining as of April 30, 2026
  • National's insured portfolio fell $857 million in the quarter to $21.5 billion of gross par; leverage ratio improved to 23 to 1 from 24 to 1

The filing

CompanyMBIA INC (MBI)
Form8-K, current report
Filed with the SECMay 7, 2026, 4:22 PM ET
Accession number0001193125-26-212053

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.