MBIA signals sale process hinges on PREPA resolution as $374M claims transferred to custodian
Financial Performance: MBIA Inc. reported a consolidated GAAP net loss of $56 million for Q2 2025, an improvement from a $254 million loss in the same period last year, primarily due to lower losses related to PREPA exposure. The company's book value per share decreased to a negative $43.14.
Strategic Focus: Management emphasized that resolving National's PREPA bankruptcy claim is crucial for maximizing shareholder value and any potential sale of the company, while political developments in Puerto Rico add uncertainty to the resolution timeline.
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Conference Call Announcement: MBIA Inc. will hold a conference call on November 5, 2025, at 8:00 AM ET to discuss its Q3 25 earnings results.
Access Information: The live webcast can be accessed at a provided link, and listeners can join the call by dialing specific numbers for US and international participants.
Replay Details: A replay of the call will be available through designated phone numbers for US and international listeners.
Disclaimer: The views expressed in the announcement are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.

Conference Call Announcement: MBIA Inc. will host a webcast and conference call on November 5 at 8:00 a.m. (ET) to discuss its third quarter 2025 financial results, with dial-in numbers provided for U.S. and international participants.
Financial Results Availability: The financial results report and 10-Q filing will be released after market close on November 4 and will be accessible on MBIA's website prior to the conference call.
Replay Information: A replay of the conference call will be available two hours after the call ends, accessible until November 12, with specific dial-in numbers for U.S. and international callers.
Company Overview: MBIA Inc., based in Purchase, New York, is a holding company that offers financial guarantee insurance for public and structured finance markets, with more information available on their website.
Alexandria Real Estate Equities Inc (ARE) Options Activity: ARE options have seen a volume of 9,419 contracts today, representing about 941,900 underlying shares, which is 53.3% of its average daily trading volume of 1.8 million shares. Notably, the $65 strike call option expiring on April 17, 2026, has had 733 contracts traded.
MBIA Inc. (MBI) Options Activity: MBI options have recorded a volume of 1,352 contracts today, equating to approximately 135,200 underlying shares, or 52.1% of its average daily trading volume of 259,670 shares. The $9 strike call option expiring on November 21, 2025, has seen significant activity with 1,312 contracts traded.
Options Trading Insights: The article provides insights into the trading history of both ARE and MBI options, highlighting the specific strike prices that have garnered high trading volumes.
Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.

Investor Actions: Nuveen and BlackRock, major holders of Puerto Rico's $8.3 billion in defaulted power revenue bonds, have terminated a previous restructuring agreement.
New Cooperation: These bondholders are now collaborating with other creditors to negotiate more favorable terms after recent changes in the oversight board managing Puerto Rico's finances.
Board Changes: The Trump administration's dismissal of most oversight board members has prompted bondholders to reconsider their strategies regarding negotiations.
Legal Developments: Court documents indicate that the bondholders will not support the previously agreed-upon deal with the oversight board and are aligning with creditor groups advocating for tougher negotiation stances.

Financial Performance: MBIA Inc. reported a consolidated GAAP net loss of $56 million for Q2 2025, an improvement from a $254 million loss in the same period last year, primarily due to lower losses related to PREPA exposure. The company's book value per share decreased to a negative $43.14.
Strategic Focus: Management emphasized that resolving National's PREPA bankruptcy claim is crucial for maximizing shareholder value and any potential sale of the company, while political developments in Puerto Rico add uncertainty to the resolution timeline.








