Here are the 10-K annual reports from MBIA Inc. (MBI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MBI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MBI filings page.
MBIA Inc. files its annual report describing a business in runoff, focused on managing legacy financial guarantee insurance rather than writing new policies. Its main U.S. public finance unit, National, oversees $22.3 billion of insured gross par with an average life of eight years, while MBIA Corp. manages $2.1 billion of international and structured finance exposure.
The company’s priorities are maintaining holding-company liquidity, mitigating credit losses, and maximizing recoveries on paid claims. MBIA relies heavily on dividends from National and had $705 million of unsecured debt outstanding as of December 31, 2025, alongside share repurchase authorization of $100 million, of which $71 million remained.
Key risk centers on stressed municipal borrowers, especially Puerto Rico’s electric utility PREPA, where National had $565 million of debt service outstanding and paid $116 million of gross claims in 2025 and early 2026. The report details extensive risk management, regulatory capital and dividend constraints, climate and social policies, and notes MBIA operates with 57 employees at its New York headquarters.