MBIA Inc. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	1,229	1,162	1,402	2,297	2,316	2,316
Other Investments	498	493	551	353	374	886
Total Investments	1,760	1,683	1,988	2,728	2,768	3,323
Cash & Equivalents	69	87	107	66	160	167
Reinsurance Recoverable	28	16	13	10	8	11
Other Receivables	164	318	329	297	1,474	1,893
Deferred Policy Acquisition Cost	24	27	31	35	42	50
Property, Plant & Equipment	2	1	-	-	-	-
Other Current Assets	10	11	73	80	9	6
Other Long-Term Assets	3	25	65	159	235	301
Total Assets	2,060	2,168	2,606	3,375	4,696	5,751
Insurance & Annuity Liabilities	444	528	474	440	949	1,038
Unearned Premiums	178	199	232	266	322	405
Reinsurance Payable	-	3	4	4	5	15
Current Portion of Long-Term Debt	-	80	-	49	130	164
Long-Term Debt	3,521	3,348	3,384	3,336	3,486	3,831
Long-Term Leases	2	6	-	-	-	-
Other Current Liabilities	18	13	78	67	1	51
Other Long-Term Liabilities	64	67	81	89	103	98
Total Liabilities	4,227	4,244	4,253	4,251	4,996	5,602
Common Stock	283	283	283	283	283	283
Additional Paid-In Capital	2,453	2,492	2,515	2,925	2,931	2,962
Retained Earnings	-1,717	-1,591	-1,144	-653	-458	-13
Treasury Stock	-3,110	-3,145	-3,172	-3,154	-3,169	-3,211
Comprehensive Income & Other	-89	-128	-139	-283	100	115
Total Common Equity	-2,180	-2,089	-1,657	-882	-313	136
Minority Interest	13	13	10	6	13	13
Shareholders' Equity	-2,167	-2,076	-1,647	-876	-300	149
Total Liabilities & Equity	2,060	2,168	2,606	3,375	4,696	5,751
Filing Date Shares Outstanding	50.49	50.97	50.93	54.84	54.6	53.73
Total Common Shares Outstanding	50.49	50.97	50.86	54.85	54.56	53.68
Total Debt	3,523	3,434	3,384	3,385	3,616	3,995
Net Cash (Debt)	-3,454	-3,347	-3,277	-3,319	-3,456	-3,828
Net Cash Per Share	-70.76	-70.56	-67.98	-66.64	-69.86	-64.80
Book Value Per Share	-43.18	-40.98	-32.58	-16.08	-5.74	2.53
Tangible Book Value	-2,180	-2,089	-1,657	-882	-313	136
Tangible Book Value Per Share	-43.18	-40.98	-32.58	-16.08	-5.74	2.53

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.