MBIA Inc. reported substantial year-over-year improvement in loss containment for the nine months ended September 30, 2025. GAAP Net Loss narrowed significantly to \((126M)\) (versus \((396M)\) in 2024), and Adjusted Net Income turned to a gain of \(35M. Operating cash flow reversed to a positive \)48M, driven primarily by a \(233M inflow from recoveries and reinsurance. The U.S. Public Finance Insurance segment reported Q3 profit of \)65M.
Despite improved operational results, the Shareholders’ Deficit widened to \((2,180M)\). Total Assets declined to \(2,060M, and Long-Term Debt increased to \)2,853M.
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