MBIA Inc. (MBI) 10-Year Financial Performance & Capital Metrics

MBI • • Insurance & Managed Care

Financial ServicesSpecialty InsuranceFinancial Guaranty InsuranceFinancial Guaranty Monoline Insurers

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 $42M +500.0%
Combined Ratio 1150% -83.6%
Net Income -$444M +8.8%
Return on Equity -
Medical Cost Ratio 447.62% -82.8%
Operating Margin -1050% +84.8%
Net Margin -1057.14% +84.8%
ROA -18.6% -14.2%
Equity / Assets -95.76% -51.5%
Book Value per Share -43.76 -28.1%
Tangible BV/Share -43.76 -25.7%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Unprofitable underwriting: 1150.0% combined ratio
✗High loss ratio of 447.6%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-28.85%

5Y-31.62%

3Y-35.84%

TTM442.31%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM67.23%

EPS CAGR

10Y-

5Y-

3Y-

TTM67.75%

ROCE

10Y Avg-7.47%

5Y Avg-11.77%

3Y Avg-13.8%

Latest-18.48%

Peer Comparison

Financial Guaranty Monoline Insurers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AGOAssured Guaranty Ltd.	3.95B	85.56	12.45	-19.8%	42.14%	7.01%	1.19%	0.31
AMBCAmbac Financial Group, Inc.	276.45M	6.31	4.44	89.06%	-7.87%	-67.99%	0.28%	0.13
MBIMBIA Inc.	354.47M	7.02	-0.75	5%	-195.51%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	854M	289M	405M	159M	281M	282M	159M	154M	7M	42M
Revenue Growth %	-0.32%	-0.66%	0.4%	-0.61%	0.77%	0%	-0.44%	-0.03%	-0.95%	5%
Medical Costs & Claims+	173M	260M	706M	83M	253M	540M	356M	46M	182M	188M
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	681M	29M	-301M	76M	28M	-258M	-197M	108M	-175M	-146M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.37%	-0.96%	-11.38%	1.25%	-0.63%	-10.21%	0.24%	1.55%	-2.62%	0.17%
Operating Expenses+	392M	368M	360M	372M	385M	320M	248M	256M	309M	295M
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	289M	-339M	-661M	-296M	-357M	-578M	-445M	-148M	-484M	-441M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.55%	-2.17%	-0.95%	0.55%	-0.21%	-0.62%	0.23%	0.67%	-2.27%	0.09%
EBITDA+	527M	-117M	-389M	-3M	-74M	-350M	-264M	32M	-273M	-232M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	238M	222M	272M	293M	283M	228M	181M	180M	211M	209M
Non-Operating Income	-238M	-222M	-272M	-293M	-283M	-228M	-181M	-180M	-211M	-209M
Pretax Income+	289M	-339M	-661M	-296M	-357M	-578M	-445M	-148M	-484M	-441M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	109M	-1M	944M	0	2M	0	0	1M	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	180M	-338M	-1.6B	-296M	-359M	-578M	-445M	-203M	-487M	-444M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.68%	-2.88%	-3.75%	0.82%	-0.21%	-0.61%	0.23%	0.54%	-1.4%	0.09%
EPS (Diluted)+	1.06	-2.54	-13.50	-3.33	-4.43	-9.78	-8.99	-3.92	-10.19	-9.42
EPS Growth %	-0.62%	-3.4%	-4.31%	0.75%	-0.33%	-1.21%	0.08%	0.56%	-1.6%	0.08%
EPS (Basic)	1.06	-2.54	-13.50	-3.33	-4.43	-9.78	-8.99	-3.92	-10.19	-9.42
Diluted Shares Outstanding	164.87M	133M	118.93M	89.01M	81.01M	59.07M	49.47M	49.8M	48.21M	47.44M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	14.86B	11.14B	9.1B	8.08B	7.28B	5.75B	4.7B	3.38B	2.61B	2.17B
Asset Growth %	-0.09%	-0.25%	-0.18%	-0.11%	-0.1%	-0.21%	-0.18%	-0.28%	-0.23%	-0.17%
Total Investment Assets+	11.38B	8.02B	7.67B	5.67B	7.67B	5.35B	5.38B	4.89B	362M	1.68B
Long-Term Investments	9.66B	6.54B	5.57B	5.08B	4.42B	2.81B	2.85B	2.72B	362M	1.65B
Short-Term Investments	5.87B	5.25B	4.3B	3.81B	3.24B	2.54B	2.53B	2.17B	0	1.42B
Total Current Assets+	827M	738M	649M	5.95B	5.27B	4.6B	4.17B	2.53B	436M	0
Cash & Equivalents	522M	187M	146M	280M	83M	167M	160M	66M	107M	87M
Receivables	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	2.45B	0	2.01B	716M	2.03B	-1.82B
Goodwill & Intangibles+	168M	118M	95M	74M	60M	50M	42M	35M	31M	0
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	168M	118M	95M	74M	60M	50M	42M	35M	31M	0
PP&E (Net)	-168M	-118M	5.32B	4.87B	21M	20M	18M	17M	15M	0
Other Assets	-9.66B	-6.54B	-5.57B	-5.08B	-203M	-212M	-160M	-240M	1.23B	-1.65B
Total Liabilities	11.11B	7.9B	7.67B	6.94B	6.45B	5.6B	5B	4.25B	4.25B	4.24B
Total Debt+	7.97B	5.12B	4.55B	4.71B	4.45B	3.56B	3.21B	3.1B	3.16B	3.22B
Net Debt	7.45B	4.93B	4.41B	4.43B	4.36B	3.4B	3.05B	3.04B	3.06B	3.14B
Long-Term Debt	7.97B	576M	5.17B	4.71B	427M	312M	3.21B	3.1B	3.16B	3.22B
Short-Term Debt	0	0	0	0	0	0	0	0	100M	0
Total Current Liabilities+	548M	696M	237M	138M	60M	12M	3M	434M	465M	0
Accounts Payable	0	0	0	0	0	1.89B	1.47B	297M	5M	0
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	-38M	-544M	-37M	-35M	24M	-1.04B	-57M	429M	360M	0
Deferred Taxes	0	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	0
Other Liabilities	3.14B	1.54B	-3.3B	2.26B	0	1.19B	-3.21B	1.15B	457M	-3.22B
Total Equity+	3.74B	3.24B	1.43B	1.13B	839M	149M	-300M	-876M	-1.65B	-2.08B
Equity Growth %	-0.05%	-0.13%	-0.56%	-0.21%	-0.26%	-0.82%	-3.01%	-1.92%	-0.88%	-0.26%
Shareholders Equity	3.73B	3.23B	1.41B	1.12B	826M	136M	-313M	-882M	-1.66B	-2.09B
Minority Interest	12M	12M	12M	13M	13M	13M	13M	6M	10M	13M
Retained Earnings	3.04B	2.7B	1.09B	966M	607M	-13M	-458M	-653M	-1.14B	-1.59B
Common Stock	282M	284M	284M	284M	283M	283M	283M	283M	283M	283M
Accumulated OCI	-61M	-128M	-19M	-156M	-2M	115M	100M	-283M	-139M	-128M
Return on Equity (ROE)	0.05%	-0.1%	-0.69%	-0.23%	-0.36%	-1.17%	-	-	-	-
Return on Assets (ROA)	0.01%	-0.03%	-0.16%	-0.03%	-0.05%	-0.09%	-0.09%	-0.05%	-0.16%	-0.19%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	2.13x	1.58x	3.19x	4.17x	5.30x	23.91x	-	-	-	-
Book Value per Share	22.69	24.35	11.98	12.72	10.36	2.52	-6.06	-17.59	-34.16	-43.76
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-55M	-142M	-630M	-319M	-368M	-390M	511M	-418M	-195M	-176M
Operating CF Growth %	0.83%	-1.58%	-3.44%	0.49%	-0.15%	-0.06%	2.31%	-1.82%	0.53%	0.1%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	180M	-338M	-1.6B	-296M	-359M	-578M	-445M	-149M	-484M	-441M
Depreciation & Amortization	0	0	0	0	-12M	0	-12M	0	0	0
Stock-Based Compensation	20M	16M	10M	6M	12M	0	12M	0	0	0
Deferred Taxes	107M	-5M	940M	-35M	13M	12M	-3M	0	0	0
Other Non-Cash Items	-157M	275M	-36M	207M	-30M	-61M	9M	25M	173M	64M
Working Capital Changes	-185M	-74M	71M	-195M	8M	237M	950M	-294M	116M	201M
Cash from Investing+	817M	2.42B	1.2B	1.21B	1.27B	1.74B	-61M	623M	767M	287M
Capital Expenditures	-3M	-1M	-1M	-1M	74M	0	-1M	0	2M	0
Acquisitions	7M	1M	18M	-7M	70M	0	1M	2M	0	0
Purchase of Investments	-2.54B	-2.86B	-2.07B	-2.45B	-2.29B	-1.33B	-1.53B	-1.17B	-667M	-325M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	786M	133M	109M	1.01B	-255M	16M	76M	18M	-4M	19M
Cash from Financing+	-1.01B	-2.54B	-611M	-752M	-1.1B	-1.26B	-457M	-285M	-542M	-132M
Dividends Paid	0	0	0	-112M	0	0	-60M	0	-409M	0
Share Repurchases	-303M	-108M	-330M	-44M	-106M	-200M	-1M	-3M	-38M	-4M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Other Financing	-91M	-78M	-26M	-25M	-18M	-36M	60M	-46M	0	-9M
Net Change in Cash+	-260M	-335M	-41M	134M	-197M	84M	-7M	-82M	30M	-21M
Exchange Rate Effect	-1000K	-1000K	-1000K	-1000K	0	1000K	0	-1000K	0	0
Cash at Beginning	782M	522M	187M	146M	280M	83M	167M	160M	78M	108M
Cash at End	522M	187M	146M	280M	83M	167M	160M	78M	108M	87M
Free Cash Flow+	-58M	-143M	-631M	-320M	-294M	-390M	510M	-418M	-195M	-176M
FCF Growth %	0.83%	-1.47%	-3.41%	0.49%	0.08%	-0.33%	2.31%	-1.82%	0.53%	0.1%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	-0.35	-1.08	-5.31	-3.59	-3.63	-6.6	10.31	-8.39	-4.05	-3.71

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	66.16%	217.3%	263.21%	286.16%	227.05%	304.96%	379.87%	196.1%	7014.29%	1150%
Medical Cost Ratio	20.26%	89.97%	174.32%	52.2%	90.04%	191.49%	223.9%	29.87%	2600%	447.62%
Return on Equity (ROE)	4.68%	-9.68%	-68.83%	-23.15%	-36.43%	-117%	-	-	-	-
Return on Assets (ROA)	1.16%	-2.6%	-15.87%	-3.45%	-4.67%	-8.87%	-8.52%	-5.03%	-16.28%	-18.6%
Equity / Assets	25.18%	29.08%	15.67%	14.02%	11.52%	2.59%	-6.39%	-25.96%	-63.2%	-95.76%
Book Value / Share	22.69	24.35	11.98	12.72	10.36	2.52	-6.06	-17.59	-34.16	-43.76
Debt / Equity	2.13x	1.58x	3.19x	4.17x	5.30x	23.91x	-	-	-	-
Revenue Growth	-32.38%	-66.16%	40.14%	-60.74%	76.73%	0.36%	-43.62%	-3.14%	-95.45%	500%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
U S Public Finance Insurance	443M	423M	427M	200M	182M	21M	-	110M	-	99M
U S Public Finance Insurance Growth	-	-4.51%	0.95%	-53.16%	-9.00%	-88.46%	-	-	-	-
Corporate Operations	148M	169M	67M	82M	99M	1M	-	166M	-	96M
Corporate Operations Growth	-	14.19%	-60.36%	22.39%	20.73%	-98.99%	-	-	-	-
International And Structured Finance Insurance	-	-	-	-	-	55M	163M	19M	5M	21M
International And Structured Finance Insurance Growth	-	-	-	-	-	-	196.36%	-88.34%	-73.68%	320.00%
Structured Finance And International Insurance	819M	425M	31M	185M	-21M	-	-	-	-	-
Structured Finance And International Insurance Growth	-	-48.11%	-92.71%	496.77%	-111.35%	-	-	-	-	-
Advisory Services	23M	-	-	-	-	-	-	-	-	-
Advisory Services Growth	-	-	-	-	-	-	-	-	-	-
Conduits	3M	-	-	-	-	-	-	-	-	-
Conduits Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

MBIA Inc. (MBI) grew revenue by 500.0% over the past year. This is strong growth.

MBIA Inc. (MBI) reported a net loss of $174.0M for fiscal year 2024.

Industry Metrics

MBIA Inc. (MBI) has a combined ratio of 1150.0%. A ratio above 100% means claims and expenses exceed premiums.

US Stock Screener

...

MBIA Inc. (MBI) 10-Year Financial Performance & Capital Metrics

MBI • • Insurance & Managed Care

Financial ServicesSpecialty InsuranceFinancial Guaranty InsuranceFinancial Guaranty Monoline Insurers

Revenue $42M +500.0%
Combined Ratio 1150% -83.6%
Net Income -$444M +8.8%
Return on Equity -
Medical Cost Ratio 447.62% -82.8%
Operating Margin -1050% +84.8%
Net Margin -1057.14% +84.8%
ROA -18.6% -14.2%
Equity / Assets -95.76% -51.5%
Book Value per Share -43.76 -28.1%
Tangible BV/Share -43.76 -25.7%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Unprofitable underwriting: 1150.0% combined ratio
✗High loss ratio of 447.6%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-28.85%

5Y-31.62%

3Y-35.84%

TTM442.31%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM67.23%

EPS CAGR

10Y-

5Y-

3Y-

TTM67.75%

ROCE

10Y Avg-7.47%

5Y Avg-11.77%

3Y Avg-13.8%

Latest-18.48%

Peer Comparison

Financial Guaranty Monoline Insurers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AGOAssured Guaranty Ltd.	3.95B	85.56	12.45	-19.8%	42.14%	7.01%	1.19%	0.31
AMBCAmbac Financial Group, Inc.	276.45M	6.31	4.44	89.06%	-7.87%	-67.99%	0.28%	0.13
MBIMBIA Inc.	354.47M	7.02	-0.75	5%	-195.51%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	854M	289M	405M	159M	281M	282M	159M	154M	7M	42M
Revenue Growth %	-0.32%	-0.66%	0.4%	-0.61%	0.77%	0%	-0.44%	-0.03%	-0.95%	5%
Medical Costs & Claims+	173M	260M	706M	83M	253M	540M	356M	46M	182M	188M
Medical Cost Ratio %	-	-	-	-	-	-	-	-	-	-
Gross Profit+	681M	29M	-301M	76M	28M	-258M	-197M	108M	-175M	-146M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.37%	-0.96%	-11.38%	1.25%	-0.63%	-10.21%	0.24%	1.55%	-2.62%	0.17%
Operating Expenses+	392M	368M	360M	372M	385M	320M	248M	256M	309M	295M
OpEx / Revenue %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Combined Ratio %	-	-	-	-	-	-	-	-	-	-
Operating Income+	289M	-339M	-661M	-296M	-357M	-578M	-445M	-148M	-484M	-441M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.55%	-2.17%	-0.95%	0.55%	-0.21%	-0.62%	0.23%	0.67%	-2.27%	0.09%
EBITDA+	527M	-117M	-389M	-3M	-74M	-350M	-264M	32M	-273M	-232M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense	238M	222M	272M	293M	283M	228M	181M	180M	211M	209M
Non-Operating Income	-238M	-222M	-272M	-293M	-283M	-228M	-181M	-180M	-211M	-209M
Pretax Income+	289M	-339M	-661M	-296M	-357M	-578M	-445M	-148M	-484M	-441M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	109M	-1M	944M	0	2M	0	0	1M	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	180M	-338M	-1.6B	-296M	-359M	-578M	-445M	-203M	-487M	-444M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.68%	-2.88%	-3.75%	0.82%	-0.21%	-0.61%	0.23%	0.54%	-1.4%	0.09%
EPS (Diluted)+	1.06	-2.54	-13.50	-3.33	-4.43	-9.78	-8.99	-3.92	-10.19	-9.42
EPS Growth %	-0.62%	-3.4%	-4.31%	0.75%	-0.33%	-1.21%	0.08%	0.56%	-1.6%	0.08%
EPS (Basic)	1.06	-2.54	-13.50	-3.33	-4.43	-9.78	-8.99	-3.92	-10.19	-9.42
Diluted Shares Outstanding	164.87M	133M	118.93M	89.01M	81.01M	59.07M	49.47M	49.8M	48.21M	47.44M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	14.86B	11.14B	9.1B	8.08B	7.28B	5.75B	4.7B	3.38B	2.61B	2.17B
Asset Growth %	-0.09%	-0.25%	-0.18%	-0.11%	-0.1%	-0.21%	-0.18%	-0.28%	-0.23%	-0.17%
Total Investment Assets+	11.38B	8.02B	7.67B	5.67B	7.67B	5.35B	5.38B	4.89B	362M	1.68B
Long-Term Investments	9.66B	6.54B	5.57B	5.08B	4.42B	2.81B	2.85B	2.72B	362M	1.65B
Short-Term Investments	5.87B	5.25B	4.3B	3.81B	3.24B	2.54B	2.53B	2.17B	0	1.42B
Total Current Assets+	827M	738M	649M	5.95B	5.27B	4.6B	4.17B	2.53B	436M	0
Cash & Equivalents	522M	187M	146M	280M	83M	167M	160M	66M	107M	87M
Receivables	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	2.45B	0	2.01B	716M	2.03B	-1.82B
Goodwill & Intangibles+	168M	118M	95M	74M	60M	50M	42M	35M	31M	0
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	168M	118M	95M	74M	60M	50M	42M	35M	31M	0
PP&E (Net)	-168M	-118M	5.32B	4.87B	21M	20M	18M	17M	15M	0
Other Assets	-9.66B	-6.54B	-5.57B	-5.08B	-203M	-212M	-160M	-240M	1.23B	-1.65B
Total Liabilities	11.11B	7.9B	7.67B	6.94B	6.45B	5.6B	5B	4.25B	4.25B	4.24B
Total Debt+	7.97B	5.12B	4.55B	4.71B	4.45B	3.56B	3.21B	3.1B	3.16B	3.22B
Net Debt	7.45B	4.93B	4.41B	4.43B	4.36B	3.4B	3.05B	3.04B	3.06B	3.14B
Long-Term Debt	7.97B	576M	5.17B	4.71B	427M	312M	3.21B	3.1B	3.16B	3.22B
Short-Term Debt	0	0	0	0	0	0	0	0	100M	0
Total Current Liabilities+	548M	696M	237M	138M	60M	12M	3M	434M	465M	0
Accounts Payable	0	0	0	0	0	1.89B	1.47B	297M	5M	0
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	-38M	-544M	-37M	-35M	24M	-1.04B	-57M	429M	360M	0
Deferred Taxes	0	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	0
Other Liabilities	3.14B	1.54B	-3.3B	2.26B	0	1.19B	-3.21B	1.15B	457M	-3.22B
Total Equity+	3.74B	3.24B	1.43B	1.13B	839M	149M	-300M	-876M	-1.65B	-2.08B
Equity Growth %	-0.05%	-0.13%	-0.56%	-0.21%	-0.26%	-0.82%	-3.01%	-1.92%	-0.88%	-0.26%
Shareholders Equity	3.73B	3.23B	1.41B	1.12B	826M	136M	-313M	-882M	-1.66B	-2.09B
Minority Interest	12M	12M	12M	13M	13M	13M	13M	6M	10M	13M
Retained Earnings	3.04B	2.7B	1.09B	966M	607M	-13M	-458M	-653M	-1.14B	-1.59B
Common Stock	282M	284M	284M	284M	283M	283M	283M	283M	283M	283M
Accumulated OCI	-61M	-128M	-19M	-156M	-2M	115M	100M	-283M	-139M	-128M
Return on Equity (ROE)	0.05%	-0.1%	-0.69%	-0.23%	-0.36%	-1.17%	-	-	-	-
Return on Assets (ROA)	0.01%	-0.03%	-0.16%	-0.03%	-0.05%	-0.09%	-0.09%	-0.05%	-0.16%	-0.19%
Equity / Assets	-	-	-	-	-	-	-	-	-	-
Debt / Equity	2.13x	1.58x	3.19x	4.17x	5.30x	23.91x	-	-	-	-
Book Value per Share	22.69	24.35	11.98	12.72	10.36	2.52	-6.06	-17.59	-34.16	-43.76
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-55M	-142M	-630M	-319M	-368M	-390M	511M	-418M	-195M	-176M
Operating CF Growth %	0.83%	-1.58%	-3.44%	0.49%	-0.15%	-0.06%	2.31%	-1.82%	0.53%	0.1%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	180M	-338M	-1.6B	-296M	-359M	-578M	-445M	-149M	-484M	-441M
Depreciation & Amortization	0	0	0	0	-12M	0	-12M	0	0	0
Stock-Based Compensation	20M	16M	10M	6M	12M	0	12M	0	0	0
Deferred Taxes	107M	-5M	940M	-35M	13M	12M	-3M	0	0	0
Other Non-Cash Items	-157M	275M	-36M	207M	-30M	-61M	9M	25M	173M	64M
Working Capital Changes	-185M	-74M	71M	-195M	8M	237M	950M	-294M	116M	201M
Cash from Investing+	817M	2.42B	1.2B	1.21B	1.27B	1.74B	-61M	623M	767M	287M
Capital Expenditures	-3M	-1M	-1M	-1M	74M	0	-1M	0	2M	0
Acquisitions	7M	1M	18M	-7M	70M	0	1M	2M	0	0
Purchase of Investments	-2.54B	-2.86B	-2.07B	-2.45B	-2.29B	-1.33B	-1.53B	-1.17B	-667M	-325M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	786M	133M	109M	1.01B	-255M	16M	76M	18M	-4M	19M
Cash from Financing+	-1.01B	-2.54B	-611M	-752M	-1.1B	-1.26B	-457M	-285M	-542M	-132M
Dividends Paid	0	0	0	-112M	0	0	-60M	0	-409M	0
Share Repurchases	-303M	-108M	-330M	-44M	-106M	-200M	-1M	-3M	-38M	-4M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Other Financing	-91M	-78M	-26M	-25M	-18M	-36M	60M	-46M	0	-9M
Net Change in Cash+	-260M	-335M	-41M	134M	-197M	84M	-7M	-82M	30M	-21M
Exchange Rate Effect	-1000K	-1000K	-1000K	-1000K	0	1000K	0	-1000K	0	0
Cash at Beginning	782M	522M	187M	146M	280M	83M	167M	160M	78M	108M
Cash at End	522M	187M	146M	280M	83M	167M	160M	78M	108M	87M
Free Cash Flow+	-58M	-143M	-631M	-320M	-294M	-390M	510M	-418M	-195M	-176M
FCF Growth %	0.83%	-1.47%	-3.41%	0.49%	0.08%	-0.33%	2.31%	-1.82%	0.53%	0.1%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF per Share	-0.35	-1.08	-5.31	-3.59	-3.63	-6.6	10.31	-8.39	-4.05	-3.71

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Combined Ratio	66.16%	217.3%	263.21%	286.16%	227.05%	304.96%	379.87%	196.1%	7014.29%	1150%
Medical Cost Ratio	20.26%	89.97%	174.32%	52.2%	90.04%	191.49%	223.9%	29.87%	2600%	447.62%
Return on Equity (ROE)	4.68%	-9.68%	-68.83%	-23.15%	-36.43%	-117%	-	-	-	-
Return on Assets (ROA)	1.16%	-2.6%	-15.87%	-3.45%	-4.67%	-8.87%	-8.52%	-5.03%	-16.28%	-18.6%
Equity / Assets	25.18%	29.08%	15.67%	14.02%	11.52%	2.59%	-6.39%	-25.96%	-63.2%	-95.76%
Book Value / Share	22.69	24.35	11.98	12.72	10.36	2.52	-6.06	-17.59	-34.16	-43.76
Debt / Equity	2.13x	1.58x	3.19x	4.17x	5.30x	23.91x	-	-	-	-
Revenue Growth	-32.38%	-66.16%	40.14%	-60.74%	76.73%	0.36%	-43.62%	-3.14%	-95.45%	500%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2024
U S Public Finance Insurance	443M	423M	427M	200M	182M	21M	-	110M	-	99M
U S Public Finance Insurance Growth	-	-4.51%	0.95%	-53.16%	-9.00%	-88.46%	-	-	-	-
Corporate Operations	148M	169M	67M	82M	99M	1M	-	166M	-	96M
Corporate Operations Growth	-	14.19%	-60.36%	22.39%	20.73%	-98.99%	-	-	-	-
International And Structured Finance Insurance	-	-	-	-	-	55M	163M	19M	5M	21M
International And Structured Finance Insurance Growth	-	-	-	-	-	-	196.36%	-88.34%	-73.68%	320.00%
Structured Finance And International Insurance	819M	425M	31M	185M	-21M	-	-	-	-	-
Structured Finance And International Insurance Growth	-	-48.11%	-92.71%	496.77%	-111.35%	-	-	-	-	-
Advisory Services	23M	-	-	-	-	-	-	-	-	-
Advisory Services Growth	-	-	-	-	-	-	-	-	-	-
Conduits	3M	-	-	-	-	-	-	-	-	-
Conduits Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

MBIA Inc. (MBI) grew revenue by 500.0% over the past year. This is strong growth.

MBIA Inc. (MBI) reported a net loss of $174.0M for fiscal year 2024.

Industry Metrics

MBIA Inc. (MBI) has a combined ratio of 1150.0%. A ratio above 100% means claims and expenses exceed premiums.