MBIA MBI Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Corporate Operations | $19M+18.8% | $17M-37.0% | $22M+100% | $14M-48.1% | $16M-48.4% | |
| International And Structured Finance Insurance | $6M+50.0% | -$7M— | $10M-9.1% | $6M+110% | $4M+118% | |
| US Public Finance Insurance | $19M+11.8% | $22M-4.3% | $21M-22.2% | $23M0.0% | $17M-34.6% | |
| Revenue From Customers by Business | ||||||
| Corporate Operations | $5M-16.7% | $7M+16.7% | $6M0.0% | $5M-37.5% | $6M-25.0% | |
| International And Structured Finance Insurance | $4M-20.0% | $5M— | $4M-33.3% | $5M-37.5% | $5M-28.6% | |
| US Public Finance Insurance | $15M+36.4% | $15M-11.8% | $15M-25.0% | $15M-6.3% | $11M-42.1% | |
| Revenue From Transactions With Other Operating Segments Of Same Entity by Business | ||||||
| Corporate Operations | $13M-13.3% | $9M-25.0% | $11M-8.3% | $12M-20.0% | $15M0.0% | |
| International And Structured Finance Insurance | $1M-50.0% | $1M0.0% | $2M-33.3% | $1M0.0% | $2M+100% | |
| US Public Finance Insurance | $6M0.0% | $8M+14.3% | $5M-16.7% | $7M0.0% | $6M0.0% | |
| Segment Reporting Other Item Amount by Business | ||||||
| Corporate Operations | $3M-25.0% | $3M-40.0% | $5M0.0% | $4M0.0% | $4M+33.3% | |
| International And Structured Finance Insurance | $6M+50.0% | $9M-18.2% | $4M+33.3% | $7M-12.5% | $4M-42.9% | |
| US Public Finance Insurance | $4M0.0% | $2M-33.3% | $3M-40.0% | $3M0.0% | $4M+33.3% | |
| Investment Income Net by Business | ||||||
| Corporate Operations | $6M-14.3% | $7M0.0% | $6M-14.3% | $6M-25.0% | $7M-12.5% | |
| International And Structured Finance Insurance | $3M0.0% | $3M0.0% | $2M-33.3% | $3M+50.0% | $3M0.0% | |
| US Public Finance Insurance | $15M0.0% | $16M0.0% | $14M-12.5% | $15M-11.8% | $15M-16.7% | |
| Expense From Transactions With Other Operating Segments Of Same Entity by Business | ||||||
| Corporate Operations | $0— | $0— | $0— | $0— | $0— | |
| International And Structured Finance Insurance | $3M-25.0% | $3M-25.0% | $4M0.0% | $3M-50.0% | $4M0.0% | |
| US Public Finance Insurance | $9M-10.0% | $7M0.0% | $7M+16.7% | $7M-22.2% | $10M0.0% | |
| Assets Per Reportable by Business | ||||||
| Corporate Operations | $639M-6.7% | $653M-7.6% | $650M+0.6% | $677M+3.0% | $685M-3.5% | |
| International And Structured Finance Insurance | $661M-19.5% | $668M-19.9% | $670M-22.2% | $805M-4.8% | $821M-11.5% | |
| US Public Finance Insurance | $1.48B-4.6% | $1.48B-4.8% | $1.52B-7.9% | $1.54B-7.6% | $1.55B-9.8% | |
| Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange by Business | ||||||
| Corporate Operations | $1M+120% | —— | $5M-28.6% | -$3M-175% | -$5M-163% | |
| International And Structured Finance Insurance | $1M+110% | -$36M— | $18M+1,900% | $0+100% | -$10M-100% | |
| US Public Finance Insurance | -$2M— | —— | $1M0.0% | $1M— | $0-100% | |
| Segment Benefits Losses And Expenses by Business | ||||||
| Corporate Operations | $30M-3.2% | $29M-3.3% | $35M+9.4% | $34M+9.7% | $31M-22.5% | |
| International And Structured Finance Insurance | $40M-21.6% | $52M+26.8% | $50M-9.1% | $48M-14.3% | $51M+8.5% | |
| US Public Finance Insurance | $15M-11.8% | —— | $44M+238% | $16M-89.5% | $17M-51.4% | |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest by Business | ||||||
| Corporate Operations | -1,100,000,000%+400,000,000pp | -1,200,000,000%-900,000,000pp | -1,300,000,000%+800,000,000pp | -2,000,000,000%-1,600,000,000pp | -1,500,000,000%-600,000,000pp | |
| International And Structured Finance Insurance | -3,400,000,000%+1,300,000,000pp | -4,500,000,000%-1,100,000,000pp | -6,000,000,000%-1,600,000,000pp | -4,200,000,000%+7,700,000,000pp | -4,700,000,000%+2,200,000,000pp | |
| US Public Finance Insurance | 400,000,000%— | 100,000,000%+1,400,000,000pp | 6,500,000,000%+5,100,000,000pp | 700,000,000%+13,700,000,000pp | 0%+900,000,000pp | |
| Interest Expense by Business | ||||||
| Corporate Operations | $17M-5.6% | $16M-5.9% | $17M-10.5% | $18M0.0% | $18M0.0% | |
| International And Structured Finance Insurance | $36M-5.3% | $38M-2.6% | $38M-2.6% | $36M-12.2% | $38M-5.0% | |
| US Public Finance Insurance | $0— | $0— | $0— | $0— | $0— | |
| Insurance Loss Recoverable by Business | ||||||
| International And Structured Finance Insurance | $22M-8.3% | $21M-8.7% | $25M-26.5% | $25M-13.8% | $24M-20.0% | |
| US Public Finance Insurance | $25M-85.3% | $22M-86.7% | $17M-90.1% | $164M+43.9% | $170M+13.3% | |
| Losses And Loss Adjustment by Business | ||||||
| Corporate Operations | $0— | $0— | $0— | $0— | $0— | |
| International And Structured Finance Insurance | -$5M-200% | $2M+300% | $4M-55.6% | $2M+100% | $5M+225% | |
| US Public Finance Insurance | $2M-33.3% | —— | -$54M-2,800% | $6M-95.7% | $3M-86.4% | |
| Employee Benefits And Share Based Compensation by Business | ||||||
| Corporate Operations | $10M+11.1% | $10M+25.0% | $13M+62.5% | $12M+33.3% | $9M-52.6% | |
| International And Structured Finance Insurance | $0— | $0— | $0— | $0— | $0— | |
| US Public Finance Insurance | $0— | $0— | $0— | $0— | $0— | |
| Liability For Claims And Claims Adjustment Expense by Business | ||||||
| International And Structured Finance Insurance | $229M-3.4% | $235M-1.3% | $235M-7.8% | $237M-2.1% | $237M-26.2% | |
| US Public Finance Insurance | $208M-28.0% | $219M-26.8% | $208M-25.7% | $295M-14.2% | $289M+23.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does MBIA break its business down?
- MBIA (MBI) reports revenue by business across 3 parts — Corporate Operations, International And Structured Finance Insurance and US Public Finance Insurance. Each is extracted from the segment footnotes and tracked over time.
- Where does MBIA's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in MBIA's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
