Welcome to our dedicated page for MBIA SEC filings (Ticker: MBI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MBIA Inc. filings document the reporting of a financial guarantee insurance holding company and its subsidiaries in public finance and structured finance markets. Current Reports on Form 8-K furnish operating and financial results, Regulation FD materials, quarterly operating supplements, statutory statements for MBIA Insurance Corporation and National Public Finance Guarantee Corporation, and insured-portfolio information.
Proxy materials cover annual meeting governance, executive compensation, and shareholder voting matters. Other material-event filings describe capital-structure matters, material agreements, and portfolio exposure actions, including disclosures related to National's PREPA bankruptcy-claim remediation activity.
MBIA Inc. reported a Q3 2025 net loss of $8 million as total revenues were $15 million and total expenses were $22 million. The quarter included net losses on financial instruments and foreign exchange of $12 million and interest expense of $50 million, partly offset by a $50 million benefit in losses and loss adjustment.
For the nine months, MBIA recorded a net loss of $126 million on revenues of $52 million. Operating cash flow turned positive at $48 million year‑to‑date. On the balance sheet, total assets were $2,060 million versus $2,168 million at year‑end 2024, while long‑term debt rose to $2,853 million. Loss and LAE reserves declined to $443 million from $526 million, and insurance loss recoverable decreased to $39 million from $185 million. As of October 31, 2025, 50,493,626 common shares were outstanding.
MBIA Inc. reported third-quarter 2025 results, showing a consolidated GAAP net loss of $8 million (−$0.17 per share), an improvement from a $56 million loss a year ago. The change was driven primarily by a losses and LAE benefit tied to National Public Finance Guarantee Corporation’s PREPA exposure, including the sale of custodial receipts and higher estimated recoveries.
Non-GAAP Adjusted Net Income was $51 million ($1.03 per diluted share) versus an Adjusted Net Loss of $174 thousand last year. Year-to-date, MBIA posted a GAAP net loss of $126 million (−$2.57 per diluted share), with non-GAAP Adjusted Net Income of $35 million ($0.70 per diluted share).
As of September 30, 2025, liquidity totaled $354 million. No shares were repurchased in the quarter; as of October 31, 2025, remaining authorization was $71 million with 50.5 million shares outstanding. National reported statutory capital of $1.0 billion, claims-paying resources of $1.5 billion, and gross par outstanding of $23.2 billion (leverage 23:1). A webcast and conference call is scheduled for November 5 at 8:00 AM ET.
The Vanguard Group filed an amended Schedule 13G reporting beneficial ownership of 2,508,097 shares of MBIA Inc. (MBI) common stock, representing 4.96% of the class as of 09/30/2025.
Vanguard reports 0 shares with sole voting power and 267,530 shares with shared voting power. It has sole dispositive power over 2,222,392 shares and shared dispositive power over 285,705 shares. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Vanguard notes its clients have rights to dividends or sale proceeds tied to these securities, and no single client’s interest exceeds five percent of the class.
Shasta Theodore, a director of MBIA Inc. (MBI), reported a sale of company stock on August 27, 2025. The Form 4 shows 6,382 shares sold at $7.90 per share, and after the reported transaction the reporting person directly beneficially owned 50,146 shares. The filing identifies the reporting person as a director and was signed on behalf of the reporting person by attorney-in-fact William J. Rizzo on August 28, 2025. The footnote clarifies the $7.90 price is the share price on August 27, 2025, and notes the reporting person will provide details about the number of shares sold on request.
Diane L. Dewbrey, a director of MBIA Inc. (MBI), reported a sale of common stock on 08/21/2025. The filing shows a transaction coded S for the disposition of 4,975 shares at a price of $7.15 per share, leaving the reporting person with 105,017 shares of MBIA common stock as direct beneficial ownership. The footnote clarifies the reported price is the share price on the transaction date and that the reporting person will provide, upon request, full information about the number of shares sold.
MBIA Inc. director Shasta Theodore reported a sale of 8,361 shares of MBIA common stock on 08/19/2025 at a price of $6.71 per share, reducing her beneficial holdings to 56,528 shares. The Form 4 indicates the transaction was a direct sale and the reported price is the share price on the transaction date. The filing was signed by an attorney-in-fact on behalf of the reporting person. No derivative transactions or other equity changes are reported in this Form 4.
MBIA Inc., through its National subsidiary, disclosed that on August 14, 2025, National sold Custodial Receipts (CRs) representing bankruptcy claims in the PREPA Title III case. The sale transferred ownership of approximately $374 million face amount of CRs, which equals about 47% of the principal amount of National’s current bond claims in the PREPA proceeding. The underlying bonds had already been fully satisfied by National’s insurance claim payments.
The company states that this transaction reduces potential volatility and ongoing risk of remediation around National’s remaining PREPA exposure, which it describes as still uncertain. National had previously completed similar transactions in October 2021 and January 2022, involving an aggregate of about $430 million face amount of bonds. Following this latest sale of PREPA bankruptcy claims through CRs, National reports that it does not retain any additional CRs for sale.
Shasta Theodore, a director of MBIA Inc. (MBI), reported a sale of common stock on 08/12/2025. The filing shows 20,000 shares were sold at $6.15 per share, and following the transaction the reporting person beneficially owned 64,889 shares directly. The Form 4 was signed by an attorney-in-fact on 08/14/2025. The disclosure includes a footnote clarifying that the $6.15 price is the share price on the transaction date and that the reporting person will provide, upon request, full information about the number of shares sold. No derivative transactions, amendments, or additional compensatory details are reported in this filing.
Wolf Hill Capital Management, LP and related reporting persons disclosed beneficial ownership of MBIA Inc. common stock totaling 2,469,819 shares, representing 4.9% of the class. Wolf Hill General Partner, LLC separately reports ownership of 2,221,972 shares (4.4%). The filings show no sole voting or dispositive power and instead report shared voting and dispositive power over the listed shares, and state the securities are held in the ordinary course of business not for purposes of changing or influencing control of the issuer.
Richard C. Vaughan, a director of MBIA Inc. (MBI), reported the sale of 25,086 shares of MBIA common stock on 08/11/2025 at a weighted-average price of $6.07. The filing states the trades occurred at prices ranging from $5.97 to $6.20 and that the reported price is a weighted average; the filer offers to provide transaction-level price details on request.
After the sale, the reporting person’s direct beneficial ownership is disclosed as 86,874 shares. The Form 4 was filed individually and signed by attorney-in-fact William J. Rizzo on 08/12/2025. The form documents an insider sale rather than an acquisition and provides a clear record of the transaction and resulting holdings.