MBIA (MBI)
Manages legacy public-finance and structured-finance guarantees in runoff.
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Runs off insured public-finance, international, and structured-finance portfolios through National and MBIA Corp., earning from legacy guarantee economics rather than new policy growth. Execution centers on surveillance, remediation, recoveries, and holding-company liquidity.
Operates as a runoff financial-guarantee insurer rather than a new-policy growth business. National manages the U.S. public finance insurance book, while MBIA Corp. handles legacy international and structured-finance guarantees; the corporate segment covers holding-company liquidity, debt, investments, and expenses.
Most current activity is concentrated in the United States through National, with the remaining non-U.S. and structured-finance exposure held at MBIA Corp. The operating work is surveillance, claims remediation, recovery pursuit, and liquidity management.
Performance depends on insured-portfolio credit outcomes, reserve assumptions, recoveries on paid claims, PREPA remediation, and the legal and regulatory limits around the insurance subsidiaries.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Nov 18, 2024 | Keefe, Bruyette & Woods | Upgrade | Market Perform | Outperform |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.16B · Total debt $2.92B · Total assets $1.98B · Shareholders' equity −$2.33B
- Revenue
- $27.0M
- Operating income
- −$43.0M
- Net income
- −$46.0M
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Dec 15, 2023 | Dec 18 | Dec 22 | $8.00 |
| Institutions138 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 55.02% | 28.07M shares | |
| Insiders11 holders · as of Jul 23, 2026 | 17.94% | 9.15M shares | |
| Otherremainder | ≈ 27.04% | 13.79M shares |
51.02M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Kahn Brothers Group IncInstitution | 8.26% | 4.21M | 13Fas of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.20% | 3.67M | 13Fas of Jun 30, 2026 |
Leeam S. LowinInsider | 6.53% | 3.33M | 13Gfiled Jul 23, 2026 ↗ |
William C. FallonInsiderdirector, officer: CEO & President | 5.54% | 2.83M | Form 4filed Mar 5, 2026 ↗ |
Wolf Hill Capital Management, LPInstitution | 4.15% | 2.12M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MBIA | $4.77 | +2.14% | $242.4M | — | — | 2.6 | −69.6% |
| Assured Guaranty | $74.71 | −0.52% | $3.32B | 10.3 | 11.2 | 3.8 | −2.0% |
| Radian Group | $36.49 | −0.07% | $4.85B | 9.3 | 7.4 | 2.9 | +80.9% |
| MGIC Investment | $31.04 | +0.03% | $6.37B | 9.7 | 9.6 | 5.3 | −2.9% |
| Essent Group | $69.19 | +0.33% | $6.36B | 9.6 | 9.2 | 4.8 | +13.6% |
| Enact | $48.32 | −0.86% | $6.80B | 10.3 | 9.8 | 5.4 | +4.2% |
| National MI | $44.37 | −0.46% | $3.39B | 8.8 | 8.4 | 4.6 | −9.4% |
| Median | 9.7 | 9.4 | 4.7 | +1.1% |