4.68
+1.30%
Close of 9 Nov 2026, in USD
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About MBIA
From its filings with the US Securities and Exchange Commission
MBIA is based in Purchase, New York and is incorporated in Connecticut. Its shares trade on NYSE under the ticker MBI. The SEC classifies its business as surety insurance. In the fiscal year to 31 December 2025, it reported revenue of $80.0m and a net loss of $177.0m. At that date it held total assets of $2.01bn and shareholders' equity of −$2.24bn.
The Company’s operating subsidiaries are running off their insured portfolios. Today, the Company’s primary objectives are ensuring that adequate liquidity exists at the holding company to satisfy all of its outstanding obligations, mitigating losses at National Public Finance Guarantee Corporation (“National”) and MBIA Corp., and maximizing recoveries on paid insurance claims. We do not expect National or MBIA Corp. to write new financial guarantee policies outside of remediation related activities.
MBIA Services Corporation (“MBIA Services”), also owned by MBIA Inc., is a service company that provides support services such as surveillance, risk management, legal, accounting, treasury and information technology, among others, to our businesses on a fee-for-service basis.
The Company manages its capital and liquidity in order to ensure that it can service its debt and other financial obligations and pay its operating expenses while maintaining an adequate cushion against potential adverse events. MBIA Inc. has received both annual and special dividends from National. The Company maintains a stable liquidity position which is expected to allow it to service its obligations over the next several years without needing to access the capital markets. Our capital management strategies include (i) retiring our unsecured and MBIA Global Funding, LLC (“GFL”) debt through calls and repurchases at prices that create economic benefit to the Company and (ii) having the Company or National purchase or repurchase outstanding MBIA Inc.
Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 30 Jun 1987
- Employees
- 57
- Website
- mbia.com ↗
- Head office
- 1 MANHATTANVILLE ROAD, PURCHASE, NY
- Incorporated in
- CT
- Classification
- Surety Insurance
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Steven GilbertIndependent Chairman of the Board$367,000
- Mr. William FallonChief Executive Officer, Director, since 2005$3.9m
- Mr. Joseph SchachingerChief Financial Officer, Executive Vice President$880,710
- Mr. Daniel AvitabileAssistant Vice President, President and Chief Risk Officer of MBIA Corp$1.3m
- Mr. Adam BergonziAssistant Vice President, Chief Risk Officer of National$2.0m
- Mr. Christopher YoungAssistant Vice President, Chief Financial Officer of National$1.3m
- Ms. Diane DewbreyIndependent Director$242,000
- Ms. Janice Innis-ThompsonIndependent Director$217,000
- Mr. Theodore ShastaIndependent Director$242,000
- Mr. Richard VaughanIndependent Director$242,000
- Mr. Greg DiamondManaging Director, since 2022
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 22
- Environment
- 8
- Social
- 43
- Governance
- 15
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Established history and experience in the financial industry.
- Strong reputation for providing bond insurance solutions.
- Diversified business portfolio with a focus on municipal bonds.
Weaknesses
- Vulnerable to changes in interest rates and economic conditions.
- Over-reliance on the municipal bond market, exposing the company to sector-specific risks.
- Limited geographical presence, primarily focused on the United States market.
Opportunities
- Expansion into emerging markets with a growing demand for bond insurance.
- Increasing demand for infrastructure development, presenting opportunities for bond insurers.
- Potential development of new financial products to diversify revenue streams.
Threats
- Regulatory changes impacting the bond insurance industry.
- Competition from other bond insurers and financial institutions.
- Economic downturns and market volatility affecting demand for bond insurance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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