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MBIA Inc.(MBI)Earnings, Financials & Key Ratios
MBI•NYSE•Insurance & Managed Care
$6.10
$308M mkt cap·Price updated May 6, 2026
SectorFinancial ServicesIndustrySpecialty InsuranceSub-IndustryFinancial Guaranty and Credit Enhancement
AboutMBIA Inc. provides financial guarantee insurance services to public finance markets. It operates through United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S. political subdivisions and territories, as well as utilities, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies and obligations issued by private entities. It also insures the non-U.S. public finance and global structured finance, including asset-backed obligations; and sovereign-related and sub-sovereign bonds, utilities, and privately issued bonds used for the financing of projects that include toll roads, bridges, airports, public transportation facilities, and other types of infrastructure projects, as well as offers third-party reinsurance services. MBIA Inc. was founded in 1973 and is headquartered in Purchase, New York.Show more
- Revenue$80M+90.5%
- Combined Ratio326.25%-71.6%
- Net Income-$177M+60.1%
- Medical Cost Ratio85%-81.0%
- Operating Margin-226.25%+78.5%
- Net Margin-221.25%+79.1%
- ROA-8.47%+54.5%
- Equity / Assets-110.78%-15.7%
- Book Value per Share-45.25-3.4%
- Tangible BV/Share-45.25-3.4%
MBI Key Insights
MBIA Inc. (MBI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
✗Weaknesses
- ✗Unprofitable underwriting: 326.3% combined ratio
- ✗High loss ratio of 85.0%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MBI Price & Volume
MBIA Inc. (MBI) stock price & volume — 10-year historical chart
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MBI Growth Metrics
MBIA Inc. (MBI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-21.08%
5 Years-22.27%
3 Years-19.61%
TTM442.31%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM67.23%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM67.75%
Return on Capital
10 Years-8.61%
5 Years-11.87%
3 Years-15.65%
Last Year-9.43%
MBI Recent Earnings
MBIA Inc. (MBI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/12 qtrs (8%)●Beat Revenue 6/12 qtrs (50%)
Q1 2026Latest
Feb 26, 2026EPS
$0.24
Est $0.10
-140.0%
Revenue
$8M
Est $6M
+35.6%
Q4 2025
Nov 4, 2025EPS
$0.15
Est $0.03
-400.0%
Revenue
$15M
Est $27M
-43.4%
Q3 2025
Aug 6, 2025EPS
$0.17
Est $0.08
-112.5%
Revenue
$23M
Est $21M
+9.5%
Q2 2025
May 8, 2025EPS
$0.16
Est $0.07
-128.6%
Revenue
$14M
Est $28M
-49.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.24vs $0.10-140.0% | $8Mvs $6M+35.6% |
| Q4 2025 | Nov 4, 2025 | $0.15vs $0.03-400.0% | $15Mvs $27M-43.4% |
| Q3 2025 | Aug 6, 2025 | $0.17vs $0.08-112.5% | $23Mvs $21M+9.5% |
| Q2 2025 | May 8, 2025 | $0.16vs $0.07-128.6% | $14Mvs $28M-49.9% |
Based on last 12 quarters of dataView full earnings history →
MBI Peer Comparison
MBIA Inc. (MBI) competitors in Financial Guaranty and Credit Enhancement — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AGO | 3.83B | 82.01 | 11.94 | -19.8% | 42.14% | 7.01% | 0.31 | |
 BAM | 81.63B | 48.64 | 38.00 | -2.02% | 24.4% | 0.07 | ||
 AMBC | 268.57M | 6.13 | 4.32 | 89.06% | -7.87% | -67.99% | 0.13 | |
 RDN | 4.87B | 35.74 | 8.63 | -3.36% | 46.73% | 12.59% | 0.24 | |
 MTG | 5.58B | 26.40 | 8.41 | 0.49% | 59.63% | 14% | 0.13 | |
 ESNT | 5.99B | 61.41 | 8.97 | 12.03% | 53.73% | 12.25% | 0.09 | |
 NMIH | 2.91B | 38.25 | 7.77 | 8.39% | 55.07% | 15.8% | 0.16 | |
 PFSI | 4.54B | 86.94 | 9.35 | 173.81% | 12.02% | 5.35 |
Compare MBI vs Peers
MBIA Inc. (MBI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MBI Income Statement
MBIA Inc. (MBI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 405M | 159M | 281M | 282M | 159M | 154M | 7M | 42M | 80M | 89M |
| Revenue Growth % | 40.14% | -60.74% | 76.73% | 0.36% | -43.62% | -3.14% | -95.45% | 500% | 90.48% | 442.31% |
| Medical Costs & Claims | 706M | 83M | 253M | 540M | 356M | 46M | 182M | 188M | 68M | -17M |
| Medical Cost Ratio % | 174.32% | 52.2% | 90.04% | 191.49% | 223.9% | 29.87% | 2600% | 447.62% | 85% | -19.1% |
| Gross Profit | -301M▲ 0% | 76M▲ 125.2% | 28M▼ 63.2% | -258M▼ 1021.4% | -197M▲ 23.6% | 108M▲ 154.8% | -175M▼ 262.0% | -146M▲ 16.6% | 12M▲ 108.2% | 106M▲ 0% |
| Gross Margin % | -74.32% | 47.8% | 9.96% | -91.49% | -123.9% | 70.13% | -2500% | -347.62% | 15% | 119.1% |
| Gross Profit Growth % | -1137.93% | 125.25% | -63.16% | -1021.43% | 23.64% | 154.82% | -262.04% | 16.57% | 108.22% | - |
| Operating Expenses | 360M | 372M | 385M | 320M | 248M | 256M | 309M | 295M | 193M | 281M |
| OpEx / Revenue % | 88.89% | 233.96% | 137.01% | 113.48% | 155.97% | 166.23% | 4414.29% | 702.38% | 241.25% | 315.73% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Combined Ratio % | 263.21% | 286.16% | 227.05% | 304.96% | 379.87% | 196.1% | 7014.29% | 1150% | 326.25% | 296.63% |
| Operating Income | -661M▲ 0% | -296M▲ 55.2% | -357M▼ 20.6% | -578M▼ 61.9% | -445M▲ 23.0% | -148M▲ 66.7% | -484M▼ 227.0% | -441M▲ 8.9% | -181M▲ 59.0% | -175M▲ 0% |
| Operating Margin % | -163.21% | -186.16% | -127.05% | -204.96% | -279.87% | -96.1% | -6914.29% | -1050% | -226.25% | -196.63% |
| Operating Income Growth % | -94.99% | 55.22% | -20.61% | -61.9% | 23.01% | 66.74% | -227.03% | 8.88% | 58.96% | - |
| EBITDA | -389M | -3M | -74M | -350M | -264M | 32M | -273M | -232M | -181M | -26M |
| EBITDA Margin % | -96.05% | -1.89% | -26.33% | -124.11% | -166.04% | 20.78% | -3900% | -552.38% | -226.25% | -29.21% |
| Interest Expense | 272M | 293M | 283M | 228M | 181M | 180M | 211M | 209M | 0 | 199M |
| Non-Operating Income | -272M | -293M | -283M | -228M | -181M | -180M | -211M | -209M | 0 | -149M |
| Pretax Income | -661M▲ 0% | -296M▲ 55.2% | -357M▼ 20.6% | -578M▼ 61.9% | -445M▲ 23.0% | -148M▲ 66.7% | -484M▼ 227.0% | -441M▲ 8.9% | -181M▲ 59.0% | -175M▲ 0% |
| Pretax Margin % | -163.21% | -186.16% | -127.05% | -204.96% | -279.87% | -96.1% | -6914.29% | -1050% | -226.25% | -196.63% |
| Income Tax | 944M | 0 | 2M | 0 | 0 | 1M | 0 | 0 | -4M | 0 |
| Effective Tax Rate % | -142.81% | 0% | -0.56% | 0% | 0% | -0.68% | 0% | 0% | 2.21% | 0% |
| Net Income | -1.6B▲ 0% | -296M▲ 81.6% | -359M▼ 21.3% | -578M▼ 61.0% | -445M▲ 23.0% | -203M▲ 54.4% | -487M▼ 139.9% | -444M▲ 8.8% | -177M▲ 60.1% | -174M▲ 0% |
| Net Margin % | -396.3% | -186.16% | -127.76% | -204.96% | -279.87% | -131.82% | -6957.14% | -1057.14% | -221.25% | -195.51% |
| Net Income Growth % | -374.85% | 81.56% | -21.28% | -61% | 23.01% | 54.38% | -139.9% | 8.83% | 60.14% | 67.23% |
| EPS (Diluted) | -13.50▲ 0% | -3.33▲ 75.3% | -4.43▼ 33.0% | -9.78▼ 120.8% | -8.99▲ 8.1% | -3.92▲ 56.4% | -10.19▼ 159.9% | -9.42▲ 7.6% | -3.53▲ 62.5% | -3.51▲ 0% |
| EPS Growth % | -431.5% | 75.33% | -33.03% | -120.77% | 8.08% | 56.4% | -159.95% | 7.56% | 62.53% | 67.75% |
| EPS (Basic) | -13.50 | -3.33 | -4.43 | -9.78 | -8.99 | -3.92 | -10.19 | -9.42 | -3.53 | - |
| Diluted Shares Outstanding | 118.93M | 89.01M | 81.01M | 59.07M | 49.47M | 49.8M | 48.21M | 47.44M | 49.28M | 49.6M |
MBI Balance Sheet
MBIA Inc. (MBI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 9.1B | 8.08B | 7.28B | 5.75B | 4.7B | 3.38B | 2.61B | 2.17B | 2.01B | 2.06B |
| Asset Growth % | -18.34% | -11.2% | -9.81% | -21.05% | -18.34% | -28.13% | -22.79% | -16.81% | -7.15% | -49.26% |
| Total Investment Assets | 7.67B | 5.67B | 7.67B | 5.35B | 5.38B | 4.89B | 362M | 1.68B | 1.68B | 4M |
| Long-Term Investments | 5.57B | 5.08B | 4.42B | 2.81B | 2.85B | 2.72B | 362M | 1.65B | 0 | 5.09B |
| Short-Term Investments | 4.3B | 3.81B | 3.24B | 2.54B | 2.53B | 2.17B | 0 | 1.42B | 1.04B | 1.5B |
| Total Current Assets | 649M | 5.95B | 5.27B | 4.6B | 4.17B | 2.53B | 436M | 0 | 1.23B | 1.2B |
| Cash & Equivalents | 146M | 280M | 83M | 167M | 160M | 66M | 107M | 87M | 69M | 69M |
| Receivables | 0 | 0 | 1.94B | 1.89B | 1.47B | 297M | 329M | 318M | 121M | 1.12B |
| Other Current Assets | 0 | 0 | 2.45B | 0 | 2.01B | 716M | 2.03B | -1.82B | 0 | -541M |
| Goodwill & Intangibles | 95M | 74M | 60M | 50M | 42M | 35M | 31M | 0 | 0 | 24M |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 95M | 74M | 60M | 50M | 42M | 35M | 31M | 0 | 0 | 24M |
| PP&E (Net) | 5.32B | 4.87B | 21M | 20M | 18M | 17M | 15M | 0 | 0 | 0 |
| Other Assets | -5.57B | -5.08B | -203M | -212M | -160M | -240M | 1.23B | -1.65B | 0 | -279M |
| Total Liabilities | 7.67B | 6.94B | 6.45B | 5.6B | 5B | 4.25B | 4.25B | 4.24B | 4.24B | 4.23B |
| Total Debt | 4.55B | 4.71B | 4.45B | 3.56B | 3.21B | 3.1B | 3.16B | 3.22B | 2.84B | 3.35B |
| Net Debt | 4.41B | 4.43B | 4.36B | 3.4B | 3.05B | 3.04B | 3.06B | 3.14B | 2.77B | 3.28B |
| Long-Term Debt | 5.17B | 4.71B | 427M | 312M | 3.21B | 3.1B | 3.16B | 3.22B | 2.84B | 3.35B |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 100M | 0 | 0 | 0 |
| Total Current Liabilities | 237M | 138M | 60M | 12M | 3M | 434M | 465M | 0 | 172M | 0 |
| Accounts Payable | 0 | 0 | 0 | 1.89B | 1.47B | 297M | 5M | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 172M | 178M |
| Other Current Liabilities | -37M | -35M | 24M | -1.04B | -57M | 429M | 360M | 0 | 0 | -178M |
| Deferred Taxes | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 |
| Other Liabilities | -3.3B | 2.26B | 0 | 1.19B | -3.21B | 1.15B | 457M | -3.22B | 1.23B | 706M |
| Total Equity | 1.43B▲ 0% | 1.13B▼ 20.6% | 839M▼ 25.9% | 149M▼ 82.2% | -300M▼ 301.3% | -876M▼ 192.0% | -1.65B▼ 88.0% | -2.08B▼ 26.0% | -2.23B▼ 7.4% | -2.17B▲ 0% |
| Equity Growth % | -56% | -20.56% | -25.88% | -82.24% | -301.34% | -192% | -88.01% | -26.05% | -7.42% | -66.75% |
| Shareholders Equity | 1.41B | 1.12B | 826M | 136M | -313M | -882M | -1.66B | -2.09B | -2.24B | -2.18B |
| Minority Interest | 12M | 13M | 13M | 13M | 13M | 6M | 10M | 13M | 0 | 13M |
| Retained Earnings | 1.09B | 966M | 607M | -13M | -458M | -653M | -1.14B | -1.59B | -1.77B | -1.72B |
| Common Stock | 284M | 284M | 283M | 283M | 283M | 283M | 283M | 283M | 283M | 283M |
| Accumulated OCI | -19M | -156M | -2M | 115M | 100M | -283M | -139M | -128M | -95M | -89M |
| Return on Equity (ROE) | -68.83% | -23.15% | -36.43% | -117% | - | - | - | - | - | 8.17% |
| Return on Assets (ROA) | -15.87% | -3.45% | -4.67% | -8.87% | -8.52% | -5.03% | -16.28% | -18.6% | -8.47% | -8.45% |
| Equity / Assets | 15.67% | 14.02% | 11.52% | 2.59% | -6.39% | -25.96% | -63.2% | -95.76% | -110.78% | -105.19% |
| Debt / Equity | 3.19x | 4.17x | 5.30x | 23.91x | - | - | - | - | - | -1.54x |
| Book Value per Share | 11.98 | 12.72 | 10.36 | 2.52 | -6.06 | -17.59 | -34.16 | -43.76 | -45.25 | -43.69 |
| Tangible BV per Share | 11.18 | 11.89 | 9.62 | 1.68 | -6.91 | -18.29 | -34.81 | -43.76 | -45.25 | -44.18 |
MBI Cash Flow Statement
MBIA Inc. (MBI) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -630M | -319M | -368M | -390M | 511M | -418M | -195M | -176M | 38M | 38M |
| Operating CF Growth % | -343.66% | 49.37% | -15.36% | -5.98% | 231.03% | -181.8% | 53.35% | 9.74% | 121.59% | 481.41% |
| Operating CF / Revenue % | -155.56% | -200.63% | -130.96% | -138.3% | 321.38% | -271.43% | -2785.71% | -419.05% | 47.5% | 42.7% |
| Net Income | -1.6B | -296M | -359M | -578M | -445M | -149M | -484M | -441M | -177M | -174M |
| Depreciation & Amortization | 0 | 0 | -12M | 0 | -12M | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 10M | 6M | 12M | 0 | 12M | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 940M | -35M | 13M | 12M | -3M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -36M | 207M | -30M | -61M | 9M | 25M | 173M | 64M | 215M | 14M |
| Working Capital Changes | 71M | -195M | 8M | 237M | 950M | -294M | 116M | 201M | 0 | 212M |
| Cash from Investing | 1.2B | 1.21B | 1.27B | 1.74B | -61M | 623M | 767M | 287M | 25M | -29M |
| Capital Expenditures | -1M | -1M | 74M | 0 | -1M | 0 | 2M | 0 | 0 | 0 |
| Acquisitions | 18M | -7M | 70M | 0 | 1M | 2M | 0 | 0 | 0 | 0 |
| Purchase of Investments | -2.07B | -2.45B | -2.29B | -1.33B | -1.53B | -1.17B | -667M | -325M | -375M | -377M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Other Investing | 109M | 1.01B | -255M | 16M | 76M | 18M | -4M | 19M | 4M | 4M |
| Cash from Financing | -611M | -752M | -1.1B | -1.26B | -457M | -285M | -542M | -132M | -79M | -27M |
| Dividends Paid | 0 | -112M | 0 | 0 | -60M | 0 | -409M | 0 | 0 | 0 |
| Share Repurchases | -330M | -44M | -106M | -200M | -1M | -3M | -38M | -4M | -7M | -7M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 0 | -2M |
| Other Financing | -26M | -25M | -18M | -36M | 60M | -46M | 0 | -9M | -79M | -21M |
| Net Change in Cash | -41M▲ 0% | 134M▲ 426.8% | -197M▼ 247.0% | 84M▲ 142.6% | -7M▼ 108.3% | -82M▼ 1071.4% | 30M▲ 136.6% | -21M▼ 170.0% | -16M▲ 23.8% | -5M▲ 0% |
| Exchange Rate Effect | -1000K | -1000K | 0 | 1000K | 0 | -1000K | 0 | 0 | 0 | 0 |
| Cash at Beginning | 187M | 146M | 280M | 83M | 167M | 160M | 78M | 108M | 87M | 167M |
| Cash at End | 146M | 280M | 83M | 167M | 160M | 78M | 108M | 87M | 71M | 69M |
| Free Cash Flow | -631M▲ 0% | -320M▲ 49.3% | -294M▲ 8.1% | -390M▼ 32.7% | 510M▲ 230.8% | -418M▼ 182.0% | -195M▲ 53.3% | -176M▲ 9.7% | 38M▲ 121.6% | 51M▲ 0% |
| FCF Growth % | -341.26% | 49.29% | 8.13% | -32.65% | 230.77% | -181.96% | 53.35% | 9.74% | 121.59% | 128.18% |
| FCF Margin % | -155.8% | -201.26% | -104.63% | -138.3% | 320.75% | -271.43% | -2785.71% | -419.05% | 47.5% | 57.3% |
| FCF per Share | -5.31 | -3.59 | -3.63 | -6.6 | 10.31 | -8.39 | -4.05 | -3.71 | 0.77 | 0.77 |
MBI Key Ratios
MBIA Inc. (MBI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 263.21% | 286.16% | 227.05% | 304.96% | 379.87% | 196.1% | 7014.29% | 1150% | 326.25% | 296.63% |
| Medical Cost Ratio | 174.32% | 52.2% | 90.04% | 191.49% | 223.9% | 29.87% | 2600% | 447.62% | 85% | -19.1% |
| Return on Equity (ROE) | -68.83% | -23.15% | -36.43% | -117% | - | - | - | - | - | 8.17% |
| Return on Assets (ROA) | -15.87% | -3.45% | -4.67% | -8.87% | -8.52% | -5.03% | -16.28% | -18.6% | -8.47% | -8.45% |
| Equity / Assets | 15.67% | 14.02% | 11.52% | 2.59% | -6.39% | -25.96% | -63.2% | -95.76% | -110.78% | -105.19% |
| Book Value / Share | 11.98 | 12.72 | 10.36 | 2.52 | -6.06 | -17.59 | -34.16 | -43.76 | -45.25 | -43.69 |
| Debt / Equity | 3.19x | 4.17x | 5.30x | 23.91x | - | - | - | - | - | -1.54x |
| Revenue Growth | 40.14% | -60.74% | 76.73% | 0.36% | -43.62% | -3.14% | -95.45% | 500% | 90.48% | 442.31% |
MBI SEC Filings & Documents
MBIA Inc. (MBI) SEC filings — annual & quarterly reports (10-K, 10-Q)
MBI Frequently Asked Questions
MBIA Inc. (MBI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
MBIA Inc. (MBI) grew revenue by 90.5% over the past year. This is strong growth.
MBIA Inc. (MBI) reported a net loss of $174.0M for fiscal year 2025.
Industry Metrics
MBIA Inc. (MBI) has a combined ratio of 326.3%. A ratio above 100% means claims and expenses exceed premiums.
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MBIA Inc. (MBI) financial analysis — history, returns, DCA and operating performance tools
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Earnings History
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Price History
Long-term charts & historical price data
Revenue History
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Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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