MBIA narrows Q2 2026 GAAP net loss to $46 million from $56 million a year earlier
MBIA Inc. reported a second-quarter 2026 GAAP net loss of $46 million, or $(0.91) per share, compared with a net loss of $56 million, or $(1.12) per share, in the second quarter of 2025. The company said the improvement was mainly due to a reversal of legal expenses within a consolidated variable interest entity tied to Zohar CDOs and foreign exchange gains in 2026 versus losses in 2025.
Key points
- Q2 2026 Adjusted Net Loss was $7 million, or $(0.14) per diluted share, versus $8 million, or $(0.17), in Q2 2025.
- Six-month 2026 GAAP net loss was $86 million, or $(1.71) per diluted share, versus $118 million, or $(2.40), in the first six months of 2025.
- As of June 30, 2026, liquidity totaled $337 million; no shares were repurchased in Q2 2026, and $71 million of repurchase capacity remained as of July 31, 2026.
- MBIA will host a conference call on August 7, 2026, at 8:30 AM ET.
The filing
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 August 06, 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.