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

MBIA reports wider third-quarter GAAP net loss of $24 million and an adjusted net loss

Mixed Impact 3 of 5 earnings Written later

MBIA reported a third-quarter 2026 GAAP net loss of $24 million, or $(0.49) per share, up from a $8 million loss a year earlier, and an adjusted net loss of $3 million, compared with adjusted net income of $51 million in the third quarter of 2025. The company said the shift was mainly driven by higher losses and loss adjustment expenses at National Public Finance Guarantee Corporation, largely tied to its Puerto Rico Electric Power Authority exposure, while the nine-month GAAP net loss narrowed to $110 million from $126 million.

Key points

  • Q3 2026 GAAP net loss of $24 million, or $(0.49) per share, versus $8 million, or $(0.17) per share, in Q3 2025
  • Q3 2026 adjusted net loss of $3 million, or $(0.06) per diluted share, versus adjusted net income of $51 million in Q3 2025
  • Nine-month 2026 GAAP net loss of $110 million, or $(2.20) per diluted share, versus $126 million, or $(2.57) per share, in the first nine months of 2025
  • No MBIA shares were repurchased in Q3 2026; $71 million of buyback capacity remained as of October 31, 2026

The filing

CompanyMBIA INC (MBI)
Form8-K, current report
Filed with the SECNov 4, 2026, 4:20 PM ET
Accession number0001193125-26-447336

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 November 04, 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.