MBIA Inc. (MBI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1 MANHATTANVILLE ROAD PURCHASE, NY 10577 |
| State of Incorp. | CT |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6351 - Surety Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 160,000 | 167,000 | 83,000 | 280,000 | |||||
| Cash and cash equivalent | 160,000 | 167,000 | 83,000 | 280,000 | |||||
| Disposal group, including discontinued operation | 18,000 | 36,000 | |||||||
| Total current assets: | 18,000 | 36,000 | 160,000 | 167,000 | 83,000 | 280,000 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 15,000 | 17,000 | 21,000 | ✕ | |||||
| Total noncurrent assets: | 15,000 | 17,000 | 21,000 | ||||||
| Other undisclosed assets | 2,573,000 | 3,322,000 | 4,536,000 | 5,584,000 | 7,180,000 | 7,796,000 | |||
| TOTAL ASSETS: | 2,606,000 | 3,375,000 | 4,696,000 | 5,751,000 | 7,284,000 | 8,076,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,249,000 | 2,249,000 | |||||||
| Long-term debt, excluding current maturities | 2,228,000 | 2,249,000 | |||||||
| Liabilities, other than long-term debt | 15,000 | 17,000 | |||||||
| Operating lease, liability | 15,000 | 17,000 | 21,000 | ✕ | |||||
| Total noncurrent liabilities: | 15,000 | 17,000 | 2,249,000 | 2,249,000 | |||||
| Other undisclosed liabilities | 4,238,000 | 4,234,000 | 4,996,000 | 5,602,000 | 4,196,000 | 4,695,000 | |||
| Total liabilities: | 4,253,000 | 4,251,000 | 4,996,000 | 5,602,000 | 6,445,000 | 6,944,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | (1,657,000) | (882,000) | (313,000) | 136,000 | 826,000 | 1,119,000 | |||
| Common stock | 283,000 | 283,000 | 283,000 | 283,000 | 283,000 | 284,000 | |||
| Treasury stock, value | (3,172,000) | (3,154,000) | (3,169,000) | (3,211,000) | (3,061,000) | (3,000,000) | |||
| Additional paid in capital | 2,515,000 | 2,925,000 | 2,931,000 | 2,962,000 | 2,999,000 | 3,025,000 | |||
| Accumulated other comprehensive income (loss) | (139,000) | (283,000) | 100,000 | 115,000 | (2,000) | (156,000) | |||
| Retained earnings (accumulated deficit) | (1,144,000) | (653,000) | (458,000) | (13,000) | 607,000 | 966,000 | |||
| Other undisclosed equity | 10,000 | 6,000 | 13,000 | 13,000 | 13,000 | 13,000 | |||
| Total equity: | (1,647,000) | (876,000) | (300,000) | 149,000 | 839,000 | 1,132,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,606,000 | 3,375,000 | 4,696,000 | 5,751,000 | 7,284,000 | 8,076,000 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 7,000 | 154,000 | 189,000 | 282,000 | 280,000 | 162,000 | ||
| Realized investment losses | (76,000) | (41,000) | ||||||
| Cost of revenue (Policyholder Benefits and Claims Incurred, Net) | (63,000) | |||||||
| Gross profit: | 7,000 | 154,000 | 189,000 | 282,000 | 280,000 | 99,000 | ||
| Operating income: | 7,000 | 154,000 | 189,000 | 282,000 | 280,000 | 99,000 | ||
| Interest and debt expense | (210,000) | (179,000) | (163,000) | (178,000) | (1,000) | (206,000) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (203,000) | (25,000) | 26,000 | 104,000 | 279,000 | (107,000) | ||
| Other undisclosed loss from continuing operations before income taxes | (281,000) | (123,000) | (471,000) | (682,000) | (636,000) | (189,000) | ||
| Loss from continuing operations before income taxes: | (484,000) | (148,000) | (445,000) | (578,000) | (357,000) | (296,000) | ||
| Income tax expense | (1,000) | (2,000) | ||||||
| Loss from continuing operations: | (484,000) | (149,000) | (445,000) | (578,000) | (359,000) | (296,000) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (445,000) | (578,000) | (359,000) | (296,000) | |
| Loss from discontinued operations | (3,000) | (54,000) | ||||||
| Net loss: | (487,000) | (203,000) | (445,000) | (578,000) | (359,000) | (296,000) | ||
| Net income (loss) attributable to noncontrolling interest | (4,000) | 8,000 | ||||||
| Net loss attributable to parent: | (491,000) | (195,000) | (445,000) | (578,000) | (359,000) | (296,000) | ||
| Other undisclosed net income available to common stockholders, basic | 7,000 | 46,000 | ||||||
| Net loss available to common stockholders, diluted: | (484,000) | (149,000) | (445,000) | (578,000) | (359,000) | (296,000) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (487,000) | (203,000) | (445,000) | (578,000) | (359,000) | (296,000) | ||
| Comprehensive loss: | (487,000) | (203,000) | (445,000) | (578,000) | (359,000) | (296,000) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (4,000) | 8,000 | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 144,000 | (383,000) | (15,000) | 117,000 | 154,000 | 30,000 | ||
| Comprehensive loss, net of tax, attributable to parent: | (347,000) | (578,000) | (460,000) | (461,000) | (205,000) | (266,000) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.