Statutory Statement

ANNUAL STATEMENT

OF THE

MBIA INSURANCE

CORPORATION

PURCHASE

IN THE

STATE OF NEW YORK

TO THE

INSURANCE DEPARTMENT

OF THE

STATE OF

___________________

FOR THE YEAR ENDED

December 31, 2023

PROPERTY AND CASUALTY

2023

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE MBIA Insurance Corporation

ASSETS

				Current Year		Prior Year
			1	2	3	4
					Net Admitted Assets	Net Admitted
			Assets	Nonadmitted Assets	(Cols. 1 - 2)	Assets
1.	Bonds (Schedule D)	150,083,896	4,888,247	145,195,649	177,913,987
2.	Stocks (Schedule D):
	2.1	Preferred stocks	0	0	0	0
	2.2	Common stocks	14,903,436	0	14,903,436	13,875,936

3. Mortgage loans on real estate (Schedule B):

3.1	First liens	0	0	0	0
3.2	Other than first liens	0	0	0	0

4. Real estate (Schedule A):

4.1 Properties occupied by the company (less

	$	0	encumbrances)	0	0	0	0
	4.2 Properties held for the production of income
	(less $		0 encumbrances)	0	0	0	0
	4.3 Properties held for sale (less
	$	0	encumbrances)	0	0	0	0
5.	Cash ($	21,843,153 , Schedule E-Part 1), cash equivalents
	($	24,916,193 , Schedule E-Part 2) and short-term
	investments ($		0 , Schedule DA)	46,759,346	0	46,759,346	45,058,662
6.	Contract loans (including $	0 premium notes)	0	0	0	0
7.	Derivatives (Schedule DB)		0	0	0	0
8.	Other invested assets (Schedule BA)	0	0	0	0
9.	Receivables for securities		226	0	226	1,003
10.	Securities lending reinvested collateral assets (Schedule DL)	0	0	0	0
11.	Aggregate write-ins for invested assets	0	0	0	0
12.	Subtotals, cash and invested assets (Lines 1 to 11)	211,746,904	4,888,247	206,858,657	236,849,588
13.	Title plants less $		0 charged off (for Title insurers
	only)			0	0	0	0
14.	Investment income due and accrued	2,033,127	0	2,033,127	2,321,283

15. Premiums and considerations:

15.1 Uncollected premiums and agents' balances in the course of

	collection			349,507	358	349,149	1,766
	15.2	Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $	0	earned
	but unbilled premiums)			0	0	0	0
	15.3 Accrued retrospective premiums ($	0	) and
	contracts subject to redetermination ($	0	)	0	0	0	0
16.	Reinsurance:
	16.1	Amounts recoverable from reinsurers			959,942	0	959,942	2,531,752
	16.2	Funds held by or deposited with reinsured companies			0	0	0	0
	16.3	Other amounts receivable under reinsurance contracts			0	0	0	0
17.	Amounts receivable relating to uninsured plans			0	0	0	0
18.1	Current federal and foreign income tax recoverable and interest thereon	0	0	0	0
18.2	Net deferred tax asset			0	0	0	0
19.	Guaranty funds receivable or on deposit			0	0	0	0
20.	Electronic data processing equipment and software			0	0	0	0

21. Furniture and equipment, including health care delivery assets

	($	0 )	0	0	0	0
22.	Net adjustment in assets and liabilities due to foreign exchange rates	0	0	0	0
23.	Receivables from parent, subsidiaries and affiliates	3,628	0	3,628	38,843
24.	Health care ($	0 ) and other amounts receivable	0	0	0	0
25.	Aggregate write-ins for other-than-invested assets	169,575	169,572	3	60,253

26. Total assets excluding Separate Accounts, Segregated Accounts and

Protected Cell Accounts (Lines 12 to 25)

215,262,682

5,058,177

210,204,506

241,803,484

27. From Separate Accounts, Segregated Accounts and Protected

	Cell Accounts	0	0	0	0
28.	Total (Lines 26 and 27)	215,262,682	5,058,177	210,204,506	241,803,484
DETAILS OF WRITE-INS
1101.		0	0	0	0
1102.		0	0	0	0
1103.		0	0	0	0
1198.	Summary of remaining write-ins for Line 11 from overflow page	0	0	0	0
1199.	Totals (Lines 1101 through 1103 plus 1198) (Line 11 above)	0	0	0	0
2501.	Other assets	3	0	3	26,993
2502.	Prepaid expenses	169,572	169,572	0	0
2503.	Premium tax asset	0	0	0	33,261
2598.	Summary of remaining write-ins for Line 25 from overflow page	0	0	0	0
2599.	Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)	169,575	169,572	3	60,253

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE MBIA Insurance Corporation

LIABILITIES, SURPLUS AND OTHER FUNDS

										1	2
										Current Year	Prior Year
1.	Losses (Part 2A, Line 35, Column 8)						23,381,502	31,277,020
2.	Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part 1, Column 6)		0	0
3.	Loss adjustment expenses (Part 2A, Line 35, Column 9)						3,173,363	3,765,772
4.	Commissions payable, contingent commissions and other similar charges				0	0
5.	Other expenses (excluding taxes, licenses and fees)						164,553	268,993
6.	Taxes, licenses and fees (excluding federal and foreign income taxes)				40,588	0
7.1	Current federal and foreign income taxes (including $		0	on realized capital gains (losses))	198	4
7.2	Net deferred tax liability								0	0
8.	Borrowed money $		0 and interest thereon $		0		0	0
9.	Unearned premiums (Part 1A, Line 38, Column 5) (after deducting unearned premiums for ceded reinsurance of
	$	187,463,218	and including warranty reserves of $			0 and accrued accident and
	health experience rating refunds including $		0 for medical loss ratio rebate per the Public Health
	Service Act)								29,728,387	35,581,904
10.	Advance premium								0	0
11.	Dividends declared and unpaid:
	11.1 Stockholders								0	0
	11.2 Policyholders								0	0
12.	Ceded reinsurance premiums payable (net of ceding commissions)				896,497	721,486
13.	Funds held by company under reinsurance treaties (Schedule F, Part 3, Column 20)		0	0
14.	Amounts withheld or retained by company for account of others					335	(2,160)
15.	Remittances and items not allocated						0	0
16.	Provision for reinsurance (including $	0	certified) (Schedule F, Part 3, Column 78)	0	0
17.	Net adjustments in assets and liabilities due to foreign exchange rates				0	0
18.	Drafts outstanding								0	0
19.	Payable to parent, subsidiaries and affiliates						1,307,138	1,258,122
20.	Derivatives									0	0
21.	Payable for securities								0	0
22.	Payable for securities lending							0	0
23.	Liability for amounts held	under uninsured plans						0	0
24.	Capital notes $		0 and interest thereon $		0		0	0
25.	Aggregate write-ins for liabilities							5,010,117	5,000,018
26.	Total liabilities excluding protected cell liabilities (Lines 1 through 25)				63,702,678	77,871,159
27.	Protected cell liabilities								0	0
28.	Total liabilities (Lines 26 and 27)						63,702,678	77,871,159
29.	Aggregate write-ins for special surplus funds						0	0
30.	Common capital stock								15,000,269	15,000,269
31.	Preferred capital stock								2,759,080	2,759,080
32.	Aggregate write-ins for other-than-special surplus funds						0	0
33.	Surplus notes								952,655,000	952,655,000
34.	Gross paid in and contributed surplus						1,055,941,259	1,055,941,259
35.	Unassigned funds (surplus)							(1,879,853,780)	(1,862,423,283)
36.	Less treasury stock, at cost:
	36.1		0	shares common (value included in Line 30	$	0	)	0	0
	36.2		0	shares preferred (value included in Line 31	$	0	)	0	0
37.	Surplus as regards policyholders (Lines 29 to 35, less 36) (Page 4, Line 39)				146,501,828	163,932,325
38.	Totals (Page 2, Line 28, Col. 3)							210,204,506	241,803,484
DETAILS OF WRITE-INS
2501.	Contingency reserve								5,000,000	5,000,000
2502.	Other liabilities								18	18
2503.	Ceded salvage payable, net							10,099	0
2598.	Summary of remaining write-ins for Line 25 from overflow page					0	0
2599.	Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)					5,010,117	5,000,018
2901.										0	0
2902.										0	0
2903.										0	0
2998.	Summary of remaining write-ins for Line 29 from overflow page					0	0
2999.	Totals (Lines 2901 through 2903 plus 2998) (Line 29 above)					0	0
3201.										0	0
3202.										0	0
3203.										0	0
3298.	Summary of remaining write-ins for Line 32 from overflow page					0	0
3299.	Totals (Lines 3201 through 3203 plus 3298) (Line 32 above)					0	0

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE MBIA Insurance Corporation

STATEMENT OF INCOME

					1	2
					Current Year	Prior Year
1.		UNDERWRITING INCOME
Premiums earned (Part 1, Line 35, Column 4)			14,521,903	21,884,544
	DEDUCTIONS:
2.	Losses incurred (Part 2, Line 35, Column 7)			31,488,387	(36,143,225)
3.	Loss adjustment expenses incurred (Part 3, Line 25, Column 1)			4,261,699	1,814,476
4.	Other underwriting expenses incurred (Part 3, Line 25, Column 2)			16,036,038	12,107,556
5.	Aggregate write-ins for underwriting deductions			0	0
6.	Total underwriting deductions (Lines 2 through 5)			51,786,124	(22,221,193)
7.	Net income of protected cells				0	0
8.	Net underwriting gain (loss) (Line 1 minus Line 6 plus Line 7)			(37,264,221)	44,105,737
		INVESTMENT INCOME
9.	Net investment income earned (Exhibit of Net Investment Income, Line 17)			14,071,443	11,062,364
10.	Net realized capital gains (losses) less capital gains tax of $	0	(Exhibit of Capital Gains (Losses))	(6,742,500)	(1,652,869)
11.	Net investment gain (loss) (Lines 9 + 10)			7,328,943	9,409,495
		OTHER INCOME
12.	Net gain (loss) from agents' or premium balances charged off (amount recovered $	0 amount
	charged off $	0 )			0	0
13.	Finance and service charges not included in premiums			0	0
14.	Aggregate write-ins for miscellaneous income			1,809,131	(7,099,065)
15.	Total other income (Lines 12 through 14)			1,809,131	(7,099,065)
16.	Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes
	(Lines 8 + 11 + 15)				(28,126,147)	46,416,167
17.	Dividends to policyholders				0	0
18.	Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign income taxes
	(Line 16 minus Line 17)				(28,126,147)	46,416,167
19.	Federal and foreign income taxes incurred			143,795	796,727
20.	Net income (Line 18 minus Line 19) (to Line 22)			(28,269,942)	45,619,440
		CAPITAL AND SURPLUS ACCOUNT
21.	Surplus as regards policyholders, December 31 prior year (Page 4, Line 39, Column 2)	163,932,325	97,324,371
22.	Net income (from Line 20)				(28,269,942)	45,619,440
23.	Net transfers (to) from Protected Cell accounts			0	0
24.	Change in net unrealized capital gains or (losses) less capital gains tax of $		0	4,072,933	(8,935,189)
25.	Change in net unrealized foreign exchange capital gain (loss)			(2,011,153)	85,622
26.	Change in net deferred income tax				0	(1)
27.	Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 28, Col. 3)			8,777,665	(2,059,923)
28.	Change in provision for reinsurance (Page 3, Line 16, Column 2 minus Column 1)			0	0
29.	Change in surplus notes				0	0
30.	Surplus (contributed to) withdrawn from protected cells			0	0
31.	Cumulative effect of changes in accounting principles			0	0
32.	Capital changes:
	32.1 Paid in				0	0
	32.2 Transferred from surplus (Stock Dividend)			0	0
	32.3 Transferred to surplus				0	0
33.	Surplus adjustments:
	33.1 Paid in				0	0
	33.2 Transferred to capital (Stock Dividend)			0	0
	33.3 Transferred from capital				0	0
34.	Net remittances from or (to) Home Office			0	0
35.	Dividends to stockholders				0	0
36.	Change in treasury stock (Page 3, Lines 36.1 and 36.2, Column 2 minus Column 1)		0	0
37.	Aggregate write-ins for gains and losses in surplus			0	31,898,004
38.	Change in surplus as regards policyholders for the year (Lines 22 through 37)			(17,430,496)	66,607,954
39.	Surplus as regards policyholders, December 31 current year (Line 21 plus Line 38) (Page 3, Line 37)	146,501,828	163,932,325
DETAILS OF WRITE-INS
0501.					0	0
0502.					0	0
0503.					0	0
0598.	Summary of remaining write-ins for Line 5 from overflow page			0	0
0599.	Totals (Lines 0501 through 0503 plus 0598) (Line 5 above)			0	0
1401.	Foreign exchange				1,941,863	(7,099,065)
1402.	Miscellaneous (expense) income				(132,732)	0
1403.					0	0
1498.	Summary of remaining write-ins for Line 14 from overflow page			0	0
1499.	Totals (Lines 1401 through 1403 plus 1498) (Line 14 above)			1,809,131	(7,099,065)
3701.	Change in contingency reserve				0	31,898,004
3702.					0	0
3703.					0	0
3798.	Summary of remaining write-ins for Line 37 from overflow page			0	0
3799.	Totals (Lines 3701 through 3703 plus 3798) (Line 37 above)			0	31,898,004

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE MBIA Insurance Corporation

CASH FLOW

				1	2
				Current Year	Prior Year
1.		Cash from Operations
Premiums collected net of reinsurance		8,063,903	15,726,561
2.	Net investment income		11,466,953	10,659,656
3.	Miscellaneous income		(132,732)	0
4.	Total (Lines 1 through 3)		19,398,124	26,386,217
5.	Benefit and loss related payments		38,499,998	165,337,828
6.	Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	0	0
7.	Commissions, expenses paid and aggregate write-ins for deductions		21,057,495	24,887,579
8.	Dividends paid to policyholders		0	0
9.	Federal and foreign income taxes paid (recovered) net of $	0 tax on capital gains (losses)	689,634	796,723
10.	Total (Lines 5 through 9)		60,247,127	191,022,130
11.	Net cash from operations (Line 4 minus Line 10)		(40,849,003)	(164,635,913)
12.		Cash from Investments
Proceeds from investments sold, matured or repaid:
	12.1	Bonds		38,779,833	56,723,982
	12.2	Stocks		1,926,840	0
	12.3	Mortgage loans		0	0
	12.4	Real estate		0	0
	12.5	Other invested assets		0	8,844,264
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	0	0
	12.7	Miscellaneous proceeds		458,391	151,045
13.	12.8	Total investment proceeds (Lines 12.1 to 12.7)		41,165,064	65,719,292
Cost of investments acquired (long-term only):
	13.1	Bonds		0	90,953,528
	13.2	Stocks		501,870	1,467,579
	13.3	Mortgage loans		0	0
	13.4	Real estate		0	0
	13.5	Other invested assets		0	8,588,908
	13.6	Miscellaneous applications		0	851,983
14.	13.7	Total investments acquired (Lines 13.1 to 13.6)		501,870	101,861,999
Net increase/(decrease) in contract loans and premium notes		0	0
15.	Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)		40,663,194	(36,142,707)
16.		Cash from Financing and Miscellaneous Sources
Cash provided (applied):
	16.1	Surplus notes, capital notes		0	0
	16.2	Capital and paid in surplus, less treasury stock		0	0
	16.3	Borrowed funds		0	(69,273,802)
	16.4	Net deposits on deposit-type contracts and other insurance liabilities		0	0
	16.5	Dividends to stockholders		0	0
17.	16.6	Other cash provided (applied)		1,886,493	10,922,289
Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)	1,886,493	(58,351,513)
18.		RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)	1,700,684	(259,130,133)
19.	Cash, cash equivalents and short-term investments:
	19.1	Beginning of year		45,058,662	304,188,795
	19.2	End of year (Line 18 plus Line 19.1)		46,759,346	45,058,662
Note:	Supplemental disclosures of cash flow information for non-cash transactions:
20.0001. Paid interest in kind on the Refinanced Facility		0	1,118,014
20.0002. Permitted practice securities transferred from investments		0	29,263,905
20.0003.			0	0
20.0004.			0	0

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE MBIA Insurance Corporation

UNDERWRITING AND INVESTMENT EXHIBIT

PART 1 - PREMIUMS EARNED

		1	2	3	4
			Unearned Premiums	Unearned Premiums
		Net Premiums	Dec. 31 Prior Year -	Dec. 31 Current	Premiums Earned
		Written per	per Col. 3, Last Year's	Year - per Col. 5	During Year
	Line of Business	Column 6, Part 1B	Part 1	Part 1A	(Cols. 1 + 2 - 3)
1.	Fire	0	0	0	0
2.1	Allied lines	0	0	0	0
2.2	Multiple peril crop	0	0	0	0
2.3	Federal flood	0	0	0	0
2.4	Private crop	0	0	0	0
2.5	Private flood	0	0	0	0
3.	Farmowners multiple peril	0	0	0	0
4.	Homeowners multiple peril	0	0	0	0
5.1	Commercial multiple peril (non-liability portion)	0	0	0	0
5.2	Commercial multiple peril (liability portion)	0	0	0	0
6.	Mortgage guaranty	0	0	0	0
8.	Ocean marine	0	0	0	0
9.	Inland marine	0	0	0	0
10.	Financial guaranty	8,226,323	35,581,904	29,728,387	14,079,840
11.1	Medical professional liability-occurrence	0	0	0	0
11.2	Medical professional liability-claims-made	0	0	0	0
12.	Earthquake	0	0	0	0
13.1	Comprehensive (hospital and medical) individual	0	0	0	0
13.2	Comprehensive (hospital and medical) group	0	0	0	0
14.	Credit accident and health (group and individual)	0	0	0	0
15.1	Vision only	0	0	0	0
15.2	Dental only	0	0	0	0
15.3	Disability income	0	0	0	0
15.4	Medicare supplement	0	0	0	0
15.5	Medicaid Title XIX	0	0	0	0
15.6	Medicare Title XVIII	0	0	0	0
15.7	Long-term care	0	0	0	0
15.8	Federal employees health benefits plan	0	0	0	0
15.9	Other health	0	0	0	0
16.	Workers' compensation	0	0	0	0
17.1	Other liability-occurrence	0	0	0	0
17.2	Other liability-claims-made	0	0	0	0
17.3	Excess workers' compensation	0	0	0	0
18.1	Products liability-occurrence	0	0	0	0
18.2	Products liability-claims-made	0	0	0	0
19.1	Private passenger auto no-fault (personal injury protection)	0	0	0	0
19.2	Other private passenger auto liability	0	0	0	0
19.3	Commercial auto no-fault (personal injury protection)	0	0	0	0
19.4	Other commercial auto liability	0	0	0	0
21.1	Private passenger auto physical damage	0	0	0	0
21.2	Commercial auto physical damage	0	0	0	0
22.	Aircraft (all perils)	0	0	0	0
23.	Fidelity	0	0	0	0
24.	Surety	0	0	0	0
26.	Burglary and theft	0	0	0	0
27.	Boiler and machinery	0	0	0	0
28.	Credit	0	0	0	0
29.	International	0	0	0	0
30.	Warranty	0	0	0	0
31.	Reinsurance-nonproportional assumed property	0	0	0	0
32.	Reinsurance-nonproportional assumed liability	0	0	0	0
33.	Reinsurance-nonproportional assumed financial lines	0	0	0	0
34.	Aggregate write-ins for other lines of business	0	0	0	0
35.	TOTALS	8,226,323	35,581,904	29,728,387	14,079,840
DETAILS OF WRITE-INS
3401.		0	0	0	0
3402.		0	0	0	0
3403.		0	0	0	0
3498.	Sum. of remaining write-ins for Line 34 from overflow page	0	0	0	0
3499.	Totals (Lines 3401 through 3403 plus 3498) (Line 34 above)	0	0	0	0

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE MBIA Insurance Corporation

UNDERWRITING AND INVESTMENT EXHIBIT

PART 1A - RECAPITULATION OF ALL PREMIUMS

		1	2	3	4	5
		Amount Unearned	Amount Unearned		Reserve for Rate
		(Running One Year or	(Running More Than		Credits and
		Less from Date of	One Year from Date	Earned	Retrospective	Total Reserve for
		Policy)	of Policy)	but	Adjustments Based	Unearned Premiums
	Line of Business	(a)	(a)	Unbilled Premium	on Experience	Cols. 1+2+3+4
1.	Fire	0	0	0	0	0
2.1	Allied lines	0	0	0	0	0
2.2	Multiple peril crop	0	0	0	0	0
2.3	Federal flood	0	0	0	0	0
2.4	Private crop	0	0	0	0	0
2.5	Private flood	0	0	0	0	0
3.	Farmowners multiple peril	0	0	0	0	0
4.	Homeowners multiple peril	0	0	0	0	0
5.1	Commercial multiple peril (non-liability portion)	0	0	0	0	0
5.2	Commercial multiple peril (liability portion)	0	0	0	0	0
6.	Mortgage guaranty	0	0	0	0	0
8.	Ocean marine	0	0	0	0	0
9.	Inland marine	0	0	0	0	0
10.	Financial guaranty	0	29,728,387	0	0	29,728,387
11.1	Medical professional liability-occurrence	0	0	0	0	0
11.2	Medical professional liability-claims-made	0	0	0	0	0
12.	Earthquake	0	0	0	0	0
13.1	Comprehensive (hospital and medical) individual	0	0	0	0	0
13.2	Comprehensive (hospital and medical) group	0	0	0	0	0
14.	Credit accident and health (group and individual)	0	0	0	0	0
15.1	Vision only	0	0	0	0	0
15.2	Dental only	0	0	0	0	0
15.3	Disability income	0	0	0	0	0
15.4	Medicare supplement	0	0	0	0	0
15.5	Medicaid title XIX	0	0	0	0	0
15.6	Medicare title XVIII	0	0	0	0	0
15.7	Long-term care	0	0	0	0	0
15.8	Federal employees health benefits plan	0	0	0	0	0
15.9	Other health	0	0	0	0	0
16.	Workers' compensation	0	0	0	0	0
17.1	Other liability-occurrence	0	0	0	0	0
17.2	Other liability-claims-made	0	0	0	0	0
17.3	Excess workers' compensation	0	0	0	0	0
18.1	Products liability-occurrence	0	0	0	0	0
18.2	Products liability-claims-made	0	0	0	0	0

19.1 Private passenger auto no-fault (personal injury

	protection)	0	0	0	0	0
19.2	Other private passenger auto liability	0	0	0	0	0

19.3 Commercial auto no-fault (personal injury

	protection)	0	0	0	0	0
19.4	Other commercial auto liability	0	0	0	0	0
21.1	Private passenger auto physical damage	0	0	0	0	0
21.2	Commercial auto physical damage	0	0	0	0	0
22.	Aircraft (all perils)	0	0	0	0	0
23.	Fidelity	0	0	0	0	0
24.	Surety	0	0	0	0	0
26.	Burglary and theft	0	0	0	0	0
27.	Boiler and machinery	0	0	0	0	0
28.	Credit	0	0	0	0	0
29.	International	0	0	0	0	0
30.	Warranty	0	0	0	0	0
31.	Reinsurance-nonproportional assumed property	0	0	0	0	0
32.	Reinsurance-nonproportional assumed liability	0	0	0	0	0

33. Reinsurance-nonproportional assumed financial

	lines	0	0	0	0	0
34.	Aggregate write-ins for other lines of business		0	0	0	0	0
35.	TOTALS	0	29,728,387	0	0	29,728,387
36.	Accrued retrospective premiums based on experience				0
37.	Earned but unbilled premiums						0
38.	Balance (Sum of Lines 35 through 37)						29,728,387
DETAILS OF WRITE-INS
3401.			0	0	0	0	0
3402.			0	0	0	0	0
3403.			0	0	0	0	0
3498.	Sum. of remaining write-ins for Line 34 from
	overflow page		0	0	0	0	0
3499.	Totals (Lines 3401 through 3403 plus 3498) (Line
	34 above)		0	0	0	0	0
(a) State here basis of computation used in each case.	Prorata based on expiration of risk.

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE MBIA Insurance Corporation

UNDERWRITING AND INVESTMENT EXHIBIT

PART 1B - PREMIUMS WRITTEN

		1	Reinsurance Assumed	Reinsurance Ceded	6
		Direct	2	3	4	5	Net Premiums
	Line of Business	Business	From	From	To	To	Written Cols.
	(a)	Affiliates	Non-Affiliates	Affiliates	Non-Affiliates	1+2+3-4-5
1.	Fire	0	0	0	0	0	0
2.1	Allied lines	0	0	0	0	0	0
2.2	Multiple peril crop	0	0	0	0	0	0
2.3	Federal flood	0	0	0	0	0	0
2.4	Private crop	0	0	0	0	0	0
2.5	Private flood	0	0	0	0	0	0
3.	Farmowners multiple peril	0	0	0	0	0	0
4.	Homeowners multiple peril	0	0	0	0	0	0
5.1	Commercial multiple peril (non-liability portion)	0	0	0	0	0	0
5.2	Commercial multiple peril (liability portion)	0	0	0	0	0	0
6.	Mortgage guaranty	0	0	0	0	0	0
8.	Ocean marine	0	0	0	0	0	0
9.	Inland marine	0	0	0	0	0	0
10.	Financial guaranty	17,961,391	19,463	867,320	9,946,938	674,913	8,226,323
11.1	Medical professional liability-occurrence	0	0	0	0	0	0
11.2	Medical professional liability-claims-made	0	0	0	0	0	0
12.	Earthquake	0	0	0	0	0	0
13.1	Comprehensive (hospital and medical) individual	0	0	0	0	0	0
13.2	Comprehensive (hospital and medical) group	0	0	0	0	0	0
14.	Credit accident and health (group and individual)	0	0	0	0	0	0
15.1	Vision only	0	0	0	0	0	0
15.2	Dental only	0	0	0	0	0	0
15.3	Disability income	0	0	0	0	0	0
15.4	Medicare supplement	0	0	0	0	0	0
15.5	Medicaid Title XIX	0	0	0	0	0	0
15.6	Medicare Title XVIII	0	0	0	0	0	0
15.7	Long-term care	0	0	0	0	0	0
15.8	Federal employees health benefits plan	0	0	0	0	0	0
15.9	Other health	0	0	0	0	0	0
16.	Workers' compensation	0	0	0	0	0	0
17.1	Other liability-occurrence	0	0	0	0	0	0
17.2	Other liability-claims-made	0	0	0	0	0	0
17.3	Excess workers' compensation	0	0	0	0	0	0
18.1	Products liability-occurrence	0	0	0	0	0	0
18.2	Products liability-claims-made	0	0	0	0	0	0
19.1	Private passenger auto no-fault (personal injury protection)	0	0	0	0	0	0
19.2	Other private passenger auto liability	0	0	0	0	0	0
19.3	Commercial auto no-fault (personal injury protection)	0	0	0	0	0	0
19.4	Other commercial auto liability	0	0	0	0	0	0
21.1	Private passenger auto physical	0	0	0	0	0	0
21.2	Commercial auto physical damage	0	0	0	0	0	0
22.	Aircraft (all perils)	0	0	0	0	0	0
23.	Fidelity	0	0	0	0	0	0
24.	Surety	0	0	0	0	0	0
26.	Burglary and theft	0	0	0	0	0	0
27.	Boiler and machinery	0	0	0	0	0	0
28.	Credit	0	0	0	0	0	0
29.	International	0	0	0	0	0	0
30.	Warranty	0	0	0	0	0	0
31.	Reinsurance-nonproportional assumed property	XXX	0	0	0	0	0
32.	Reinsurance-nonproportional assumed liability	XXX	0	0	0	0	0
33.	Reinsurance-nonproportional assumed financial lines	XXX	0	0	0	0	0
34.	Aggregate write-ins for other lines of business	0	0	0	0	0	0
35.	TOTALS	17,961,391	19,463	867,320	9,946,938	674,913	8,226,323
DETAILS OF WRITE-INS
3401.		0	0	0	0	0	0
3402.		0	0	0	0	0	0
3403.		0	0	0	0	0	0
3498.	Sum. Of remaining write-ins for Line 34 from overflow page	0	0	0	0	0	0
3499.	Totals (Lines 3401 through 3403 plus 3498) (Line 34 above)	0	0	0	0	0	0

(a) Does the company's direct premiums written include premiums recorded on an installment basis?	Yes [ X ] No [ ]
If yes: 1.	The amount of such installment premiums $	17,961,391
2.	Amount at which such installment premiums would have been reported had they been recorded on an annualized basis $	17,961,391

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE MBIA Insurance Corporation

UNDERWRITING AND INVESTMENT EXHIBIT

PART 2 - LOSSES PAID AND INCURRED

			Losses Paid Less Salvage		5	6	7	8
		1	2	3	4				Percentage of Losses
						Net Losses			Incurred
						Unpaid	Net Losses	Losses Incurred	(Col. 7, Part 2)
			Reinsurance	Reinsurance	Net Payments	Current Year	Unpaid	Current Year	to Premiums Earned
	Line of Business	Direct Business	Assumed	Recovered	(Cols. 1 + 2 - 3)	(Part 2A, Col. 8)	Prior Year	(Cols. 4 + 5 - 6)	(Col. 4, Part 1)
1.	Fire	0	0	0	0	0	0	0	0.0
2.1	Allied lines	0	0	0	0	0	0	0	0.0
2.2	Multiple peril crop	0	0	0	0	0	0	0	0.0
2.3	Federal flood	0	0	0	0	0	0	0	0.0
2.4	Private crop	0	0	0	0	0	0	0	0.0
2.5	Private flood	0	0	0	0	0	0	0	0.0
3.	Farmowners multiple peril	0	0	0	0	0	0	0	0.0
4.	Homeowners multiple peril	0	0	0	0	0	0	0	0.0
5.1	Commercial multiple peril (non-liability portion)	0	0	0	0	0	0	0	0.0
5.2	Commercial multiple peril (liability portion)	0	0	0	0	0	0	0	0.0
6.	Mortgage guaranty	0	0	0	0	0	0	0	0.0
8.	Ocean marine	0	0	0	0	0	0	0	0.0
9.	Inland marine	0	0	0	0	0	0	0	0.0
10.	Financial guaranty	(68,614,140)	(1,939,936)	(110,609,584)	40,055,508	23,381,502	31,277,020	32,159,990	228.4
11.1	Medical professional liability-occurrence	0	0	0	0	0	0	0	0.0
11.2	Medical professional liability-claims-made	0	0	0	0	0	0	0	0.0
12.	Earthquake	0	0	0	0	0	0	0	0.0
13.1.	Comprehensive (hospital and medical) individual	0	0	0	0	0	0	0	0.0
13.2.	Comprehensive (hospital and medical) group	0	0	0	0	0	0	0	0.0
14.	Credit accident and health (group and individual)	0	0	0	0	0	0	0	0.0
15.1.	Vision only	0	0	0	0	0	0	0	0.0
15.2.	Dental only	0	0	0	0	0	0	0	0.0
15.3.	Disability income	0	0	0	0	0	0	0	0.0
15.4.	Medicare supplement	0	0	0	0	0	0	0	0.0
15.5.	Medicaid Title XIX	0	0	0	0	0	0	0	0.0
15.6.	Medicare Title XVIII	0	0	0	0	0	0	0	0.0
15.7.	Long-term care	0	0	0	0	0	0	0	0.0
15.8.	Federal employees health benefits plan	0	0	0	0	0	0	0	0.0
15.9.	Other health	0	0	0	0	0	0	0	0.0
16.	Workers' compensation	0	0	0	0	0	0	0	0.0
17.1	Other liability-occurrence	0	0	0	0	0	0	0	0.0
17.2	Other liability-claims-made	0	0	0	0	0	0	0	0.0
17.3	Excess workers' compensation	0	0	0	0	0	0	0	0.0
18.1	Products liability-occurrence	0	0	0	0	0	0	0	0.0
18.2	Products liability-claims-made	0	0	0	0	0	0	0	0.0
19.1	Private passenger auto no-fault (personal injury protection)	0	0	0	0	0	0	0	0.0
19.2	Other private passenger auto liability	0	0	0	0	0	0	0	0.0
19.3	Commercial auto no-fault (personal injury protection)	0	0	0	0	0	0	0	0.0
19.4	Other commercial auto liability	0	0	0	0	0	0	0	0.0
21.1	Private passenger auto physical damage	0	0	0	0	0	0	0	0.0
21.2	Commercial auto physical damage	0	0	0	0	0	0	0	0.0
22.	Aircraft (all perils)	0	0	0	0	0	0	0	0.0
23.	Fidelity	0	0	0	0	0	0	0	0.0
24.	Surety	0	0	0	0	0	0	0	0.0
26.	Burglary and theft	0	0	0	0	0	0	0	0.0
27.	Boiler and machinery	0	0	0	0	0	0	0	0.0
28.	Credit	0	0	0	0	0	0	0	0.0
29.	International	0	0	0	0	0	0	0	0.0
30.	Warranty	0	0	0	0	0	0	0	0.0
31.	Reinsurance-nonproportional assumed property	XXX	0	0	0	0	0	0	0.0
32.	Reinsurance-nonproportional assumed liability	XXX	0	0	0	0	0	0	0.0
33.	Reinsurance-nonproportional assumed financial lines	XXX	0	0	0	0	0	0	0.0
34.	Aggregate write-ins for other lines of business	0	0	0	0	0	0	0	0.0
35.	TOTALS	(68,614,140)	(1,939,936)	(110,609,584)	40,055,508	23,381,502	31,277,020	32,159,990	228.4
DETAILS OF WRITE-INS
3401.		0	0	0	0	0	0	0	0.0
3402.		0	0	0	0	0	0	0	0.0
3403.		0	0	0	0	0	0	0	0.0
3498.	Sum. of remaining write-ins for Line 34 from overflow page	0	0	0	0	0	0	0	0.0
3499.	Totals (Lines 3401 through 3403 + 3498) (Line 34 above)	0	0	0	0	0	0	0	0.0

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MBIA Incorporated published this content on 27 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2024 22:37:55 UTC.

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