MBI Earnings Prediction
The chart below shows how MBI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MBI sees a -0.04% change in stock price 10 days leading up to the earnings, and a -8.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.22%. This data can give you a slight idea of what to expect for the next quarter's release.
MBI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
29.00M
262.50%
-178.38%
Gross Margin
--
--
--
Operating Margin
6.90%
100.42%
--
Net Margin
-175.86%
-92.40%
--
EPS
-1.17
-70.30%
-78.13%
No Data Available
MBI Earnings Analysis
MBIA Inc. Corporation (MBI.N) Earnings Conference Call
Positive
Revenue Improvement: 1. Improved Revenue Performance: Revenues increased due to lower losses related to variable interest entities, resulting in a lower net loss of $56 million compared to $185 million in Q3 2023.
Net Income Improvement: 2. Statutory Net Income Growth: National reported a statutory net income of $19 million for Q3 2024, a significant improvement from a statutory net loss of $133 million in Q3 2023.
Reduced Loss Adjustment Expenses: 3. Lower Losses in LAE: The decrease in loss and loss adjustment expenses (LAE) at National contributed to the improved financial results, particularly in relation to PREPA exposure.
Claims Paying Resources Status: 4. Claims Paying Resources: National's claims paying resources totaled $1.6 billion as of September 30, 2024, demonstrating a strong capital position despite a decrease from the previous year.
Insured Portfolio Reduction: 5. Reduction in Insured Portfolio: The gross par amount outstanding for National's insured portfolio declined by approximately $2.5 billion from year-end 2023 to about $26 billion, indicating effective portfolio management.
Negative
Net Loss Comparison: 1. Significant Net Loss: MBIA reported a consolidated GAAP net loss of $56 million or a negative $1.18 per share for Q3 2024, compared to a net loss of $185 million or a negative $3.94 per share in Q3 2023.
Declining Book Value Per Share: 2. Declining Book Value: The book value per share decreased by $6.63 to a negative $39.19 as of September 30, 2024, from a negative $32.56 per share at the end of 2023, primarily due to a $396 million consolidated net loss year-to-date.
Claims Paying Resources Decline: 3. Decreased Claims Paying Resources: National's claims paying resources fell to $1.6 billion as of September 30, 2024, down $95 million from $1.695 billion at year-end 2023, indicating a reduction in financial capacity to cover claims.
Statutory Capital Decline: 4. Reduction in Statutory Capital: National's statutory capital decreased by $117 million to $1 billion as of September 30, 2024, largely due to a statutory net loss of $123 million for the year-to-date period.
Insured Portfolio Decline: 5. Decline in Insured Portfolio: The gross par amount outstanding for National's insured portfolio declined by approximately $2.5 billion from year-end 2023 to about $26 billion at the end of Q3 2024, reflecting a shrinking business base.
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MBI Earning Call Sentiment
MBIA Inc. (MBI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MBI.N
-3.59%Positive
The earnings call summary reveals several negative aspects: a significant net loss, declining statutory capital, and reduced claims-paying resources. The Q&A section further highlights uncertainties around the PREPA bankruptcy and unclear management responses, which could exacerbate market concerns. Despite some improvements in net income, the overall financial health remains weak. The absence of shareholder return initiatives and the unresolved PREPA issue contribute to a negative outlook, suggesting a stock price decline of -2% to -8% over the next two weeks.
