MBIA Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	30	36	37	53	74
Investment Income	73	84	116	95	62
Net Gains on Investments	-25	-81	-146	1	46
Total Other Revenues	2	3	-	8	7
Revenue	80	42	7	154	189
Revenue Growth (YoY)	90.48%	500.00%	-95.45%	-18.52%	-32.98%
Insurance Benefits & Claims	-20	184	177	38	350
Policy Amortization Costs	4	4	5	8	6
Other Operating Expenses	80	86	98	76	97
Operating Income	16	-232	-273	32	-264
Interest Expense	-197	-209	-211	-180	-181
Total Non-Operating Income (Expense)	-197	-209	-211	-180	-181
Pretax Income	-181	-441	-484	-148	-445
Net Income	-177	-447	-491	-195	-445
Minority Interest in Earnings	-6	3	4	-8	-
Earnings From Discontinued Operations	-2	-3	-3	-54	-
Net Income to Common	-177	-447	-491	-195	-445
Shares Outstanding (Basic)	49	47	48	50	49
Shares Outstanding (Diluted)	49	47	48	50	49
Shares Change (YoY)	3.88%	-1.60%	-3.21%	0.67%	-16.29%
EPS (Basic)	-3.58	-9.43	-10.18	-3.92	-8.99
EPS (Diluted)	-3.58	-9.43	-10.18	-3.92	-8.99
Shares Outstanding	50.51	50.97	50.86	54.85	54.56
Free Cash Flow	38	-176	-195	-418	510
Free Cash Flow Per Share	0.77	-3.71	-4.05	-8.39	10.31
Operating Margin	20.00%	-552.38%	-3900.00%	20.78%	-139.68%
Profit Margin	-228.75%	-1057.14%	-6957.14%	-131.82%	-235.45%
FCF Margin	47.50%	-419.05%	-2785.71%	-271.43%	269.84%
EBITDA	16	-232	-273	32	-264
EBIT	16	-232	-273	32	-264
EBIT Margin	20.00%	-552.38%	-3900.00%	20.78%	-139.68%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q