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MBIA | 10-Q: Q2 2024 Earnings Report

MBIA | 10-Q: Q2 2024 Earnings Report

MBIA | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/07 04:30

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MBIA Inc. reported a net loss of $254 million ($5.34 per share) for Q2 2024, compared to a net loss of $74 million ($1.46 per share) in Q2 2023. The deterioration was primarily driven by $142 million in losses and loss adjustment expenses, mainly related to Puerto Rico Electric Power Authority (PREPA) reserves, and $59 million in investment fair value losses. Total revenues declined to -$37 million from $28 million in Q2 2023.National, MBIA's U.S. public finance insurance subsidiary, paid $16 million in PREPA claims in January 2024 and an additional $122 million in July 2024. As of June 30, 2024, National had $792 million of insured PREPA debt service outstanding. The company's consolidated investment portfolio totaled $1.6 billion, with 95% rated investment grade.MBIA Inc.'s liquidity position stood at $315 million as of June 30, 2024, down from $411 million at year-end 2023. National maintained statutory capital of $1.0 billion and total claims-paying resources of $1.63 billion. During the quarter, the company repurchased $63 million of medium-term notes and $16 million of debentures at a discount.
MBIA Inc. reported a net loss of $254 million ($5.34 per share) for Q2 2024, compared to a net loss of $74 million ($1.46 per share) in Q2 2023. The deterioration was primarily driven by $142 million in losses and loss adjustment expenses, mainly related to Puerto Rico Electric Power Authority (PREPA) reserves, and $59 million in investment fair value losses. Total revenues declined to -$37 million from $28 million in Q2 2023.National, MBIA's U.S. public finance insurance subsidiary, paid $16 million in PREPA claims in January 2024 and an additional $122 million in July 2024. As of June 30, 2024, National had $792 million of insured PREPA debt service outstanding. The company's consolidated investment portfolio totaled $1.6 billion, with 95% rated investment grade.MBIA Inc.'s liquidity position stood at $315 million as of June 30, 2024, down from $411 million at year-end 2023. National maintained statutory capital of $1.0 billion and total claims-paying resources of $1.63 billion. During the quarter, the company repurchased $63 million of medium-term notes and $16 million of debentures at a discount.
MBIA Inc. 在2024年第二季度報告淨虧損25400萬美元(每股5.34美元),相比2023年第二季度的淨虧損7400萬美元(每股1.46美元)有所惡化。虧損的主要原因是與波多黎各電力股管理局(PREPA)儲備相關的14200萬美元的損失和損失調整費用,以及5900萬美元的投資公允價值損失。總收入從2023年第二季度的2800萬美元下降至-3700萬美元。MBIA的美國公共金融保險子公司National在2024年1月支付了1600萬美元的PREPA索賠,並在2024年7月支付了額外的12200萬美元。截至2024年6月30日,National的被保險PREPA債務服務尚未償付7920...展開全部
MBIA Inc. 在2024年第二季度報告淨虧損25400萬美元(每股5.34美元),相比2023年第二季度的淨虧損7400萬美元(每股1.46美元)有所惡化。虧損的主要原因是與波多黎各電力股管理局(PREPA)儲備相關的14200萬美元的損失和損失調整費用,以及5900萬美元的投資公允價值損失。總收入從2023年第二季度的2800萬美元下降至-3700萬美元。MBIA的美國公共金融保險子公司National在2024年1月支付了1600萬美元的PREPA索賠,並在2024年7月支付了額外的12200萬美元。截至2024年6月30日,National的被保險PREPA債務服務尚未償付79200萬美元。該公司的合併投資組合總額爲16億美元,95%爲投資級評級。截至2024年6月30日,MBIA Inc. 的流動資產狀況爲31500萬美元,低於2023年年末的41100萬美元。National維持10億美元的法定資本和16.3億美元的索賠支付資源。在本季度,公司以折扣回購了6300萬美元的中期票據和1600萬美元的債券。
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