NYSE$MBI

MBIA Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a consolidated GAAP net loss, driven by lower losses and LAE at National due to its Puerto Rico exposure.

MBIA Inc. reported a consolidated GAAP net loss of $52 million, or $(1.05) per diluted common share, for the fourth quarter of 2022, compared to a net loss of $155 million in the fourth quarter of 2021. The company's adjusted net income for the fourth quarter of 2022 was $15 million, or $0.30 per share, compared to an adjusted net loss of $106 million in the fourth quarter of 2021. The improved results were primarily due to lower losses and LAE at National, driven by its Puerto Rico exposure.

  • MBIA Inc. recorded a consolidated GAAP net loss of $52 million, or $(1.05) per diluted common share.
  • Adjusted Net Income for the fourth quarter of 2022 was $15 million or $0.30 per share.
  • National's insured HTA exposure has been extinguished after the restructuring of the Puerto Rico Highways and Transportation Authority (HTA) bonds was implemented.
  • An agreement was reached concerning PREPA, which has been incorporated into the Amended Plan of Adjustment filed by the Puerto Rico Financial Oversight and Management Board.

Headline financials

Total Revenue

$16M

Previous: $11M+45.5%
EPS (adj)

$0.30

Previous: -$2.13+114.1%
Free Cash Flow

-$558M

Previous: $151M-469.5%
Net Income

-$60M

Previous: -$155M+61.3%
Operating Income

-$4M

No prior period
Gross Profit

-$19M

Previous: $62M-130.6%
Cash & Equivalents

$50M

Previous: $160M-68.8%
Total Assets

$3.38B

Previous: $4.7B-28.1%

Revenue & EPS history

MBIA · Revenue · Quarterly

$16M

Q4 2022+45.5%vs Q4 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

MBIA continues to explore potential strategic alternatives for the Company with its advisor, Barclays Capital.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-0.3%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+0.9%

Avg return

30 days after

45%

30 / 66 earnings

Positive

+32.5%

Q3 2017

Best reaction

-20.6%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+3.3%-3.2%-8.6%
Q3 2025+9.0%+11.4%+8.6%
Q1 2025-1.3%-8.8%-6.7%
Q4 2024-13.5%-21.7%-28.6%
Q3 2024+4.2%+11.8%+56.4%
Q1 2024-9.3%-10.6%-20.4%
Q4 2023-4.4%-5.3%-1.0%
Q3 2023-6.5%-5.7%+4.2%
Q2 2023-1.7%+1.4%-6.0%
Q1 2023-17.5%-17.5%-9.7%
Q4 2022-10.0%-8.4%-34.1%
Q3 2022+6.3%+7.8%+15.1%
Q2 2022-16.1%-5.8%-7.6%
Q1 2022-9.6%-7.1%+10.3%
Q4 2021-20.6%-9.3%-0.1%
Q3 2021-0.7%+1.0%-26.1%
Q2 2021-8.4%-8.1%-15.8%
Q1 2021-12.9%-9.5%+2.6%
Q4 2020-1.6%+5.2%+31.8%
Q3 2020+10.4%+4.6%+27.0%
Q2 2020-0.6%+5.5%+2.3%
Q1 2020-13.3%-17.4%-3.6%
Q4 2019-2.7%-2.3%-10.2%
Q3 2019+10.5%+7.4%-2.4%
Q2 2019-4.6%+0.0%+1.9%
Q1 2019+5.5%-4.7%-5.6%
Q4 2018+6.6%+7.0%-4.3%
Q3 2018-3.2%-9.4%-15.2%
Q2 2018+8.3%+3.3%-0.2%
Q1 2018+2.3%+3.5%+12.4%
Q4 2017+1.1%+7.4%+15.9%
Q3 2017+32.5%+32.6%+20.6%
Q2 2017+3.0%+3.7%+0.0%
Q1 2017+10.8%+3.3%+10.0%
Q4 2016-3.5%-7.2%-17.9%
Q3 2016+7.9%+17.6%+45.1%
Q2 2016-1.1%-4.7%-6.4%
Q1 2016+0.7%
Q4 2015+9.5%
Q3 2015+2.5%
Q2 2015-0.5%
Q1 2015+4.0%
Q4 2014+3.1%
Q3 2014+1.9%
Q2 2014+1.8%
Q1 2014+2.1%
Q4 2013+9.5%
Q3 2013+5.4%
Q2 2013-5.6%
Q1 2013-0.4%
Q4 2012-2.3%
Q3 2012-12.4%
Q4 2011+11.2%
Q2 2012+11.2%
Q1 2012+3.0%
Q3 2011-5.4%
Q2 2011-0.3%
Q1 2010-3.8%
Q1 2011-1.8%
Q4 2008-6.2%
Q4 2009-6.2%
Q4 2010-6.2%
Q3 2010-4.9%
Q3 2009-4.9%
Q2 2010+8.2%
Q2 2009+8.2%

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