MBIA (MBI) Q2 FY26 earnings call

MBIA Inc. reported an improved net loss in Q2 FY26, driven by legal expense reversals and foreign exchange gains, alongside better statutory results from its insurance subsidiaries. The company's primary focus remains on resolving its PREPA exposure, with some progress noted in related litigations, though a recent settlement offer was rejected by bondholders. Management continues to carefully manage holding company liquidity and capital, while shareholders expressed interest in the available share buyback capacity.