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MBIA | 10-Q: Q3 2024 Earnings Report

MBIA | 10-Q: Q3 2024 Earnings Report

MBIA | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/08 11:38

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MBIA Inc. reported a net loss of $56 million ($1.18 per share) for Q3 2024, compared to a net loss of $185 million ($3.94 per share) in Q3 2023. The quarter's results were primarily impacted by PREPA-related claims payments of $122 million in July 2024. Total revenues increased to $29 million from $8 million in Q3 2023, while total expenses decreased to $80 million from $193 million.National's statutory capital stood at $1.0 billion as of September 30, 2024, down from $1.1 billion at year-end 2023. The company's adjusted book value showed a negative $39.19 per share, compared to negative $32.56 at December 31, 2023. National maintained total claims-paying resources of $1.59 billion as of quarter-end.Following the First Circuit Court's reversal of prior PREPA rulings in June 2024, mediation was ordered and a stay on litigation was extended to January 31, 2025. National had $670 million of insured PREPA debt service outstanding as of September 30, 2024. The company continues to face challenges with its PREPA exposure as restructuring negotiations remain ongoing.
MBIA Inc. reported a net loss of $56 million ($1.18 per share) for Q3 2024, compared to a net loss of $185 million ($3.94 per share) in Q3 2023. The quarter's results were primarily impacted by PREPA-related claims payments of $122 million in July 2024. Total revenues increased to $29 million from $8 million in Q3 2023, while total expenses decreased to $80 million from $193 million.National's statutory capital stood at $1.0 billion as of September 30, 2024, down from $1.1 billion at year-end 2023. The company's adjusted book value showed a negative $39.19 per share, compared to negative $32.56 at December 31, 2023. National maintained total claims-paying resources of $1.59 billion as of quarter-end.Following the First Circuit Court's reversal of prior PREPA rulings in June 2024, mediation was ordered and a stay on litigation was extended to January 31, 2025. National had $670 million of insured PREPA debt service outstanding as of September 30, 2024. The company continues to face challenges with its PREPA exposure as restructuring negotiations remain ongoing.
MBIA公司報告2024年第三季度淨虧損爲5600萬美元(每股1.18美元),相比2023年第三季度淨虧損18500萬美元(每股3.94美元)。本季度的結果主要受到2024年7月與PREPA相關的索賠支付12200萬美元的影響。總收入從2023年第三季度的80萬美元增加到290萬美元,而總支出則從19300萬美元減少至8000萬美元。截至2024年9月30日,National的法定資本爲10億美元,較2023年年末的11億美元下降。公司的調整賬面價值顯示每股負39.19美元,相比2023年12月31日的負32.56美元。National在本季度末維持總索賠支付資源爲15.9億美元。在2024年6月第一巡迴上訴法院推翻之前的PREPA裁決後,法院下令進行調解,並將訴訟的暫緩延長至2025年1月31日。截至2024年9月30日,National尚有67000萬美元的保險PREPA債務服務未償還。公司繼續面臨PREPA風險的挑戰,重組談判仍在進行中。
MBIA公司報告2024年第三季度淨虧損爲5600萬美元(每股1.18美元),相比2023年第三季度淨虧損18500萬美元(每股3.94美元)。本季度的結果主要受到2024年7月與PREPA相關的索賠支付12200萬美元的影響。總收入從2023年第三季度的80萬美元增加到290萬美元,而總支出則從19300萬美元減少至8000萬美元。截至2024年9月30日,National的法定資本爲10億美元,較2023年年末的11億美元下降。公司的調整賬面價值顯示每股負39.19美元,相比2023年12月31日的負32.56美元。National在本季度末維持總索賠支付資源爲15.9億美元。在2024年6月第一巡迴上訴法院推翻之前的PREPA裁決後,法院下令進行調解,並將訴訟的暫緩延長至2025年1月31日。截至2024年9月30日,National尚有67000萬美元的保險PREPA債務服務未償還。公司繼續面臨PREPA風險的挑戰,重組談判仍在進行中。
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