MBIA Inc. (NYSE:MBI) Q1 2023 Earnings Conference Call May 10, 2023 8:00 AM ET

Company Participants

Greg Diamond - Managing Director of Investor & Media Relations

Bill Fallon - Chief Executive Officer

Anthony McKiernan - Executive Vice President & Chief Financial Officer

Conference Call Participants

Tommy McJoynt - KBW

Paul Saunders - Hutch Capital

Geoffrey Dunn - Dowling & Partners

Carl Schecter - Staunton Capital

Operator

Welcome to the MBIA Inc. First Quarter 2023 Financial Results Conference Call.

I would now like to turn the call over to Greg Diamond, Managing Director of Investor and Media Relations at MBIA. Please go ahead, sir.

Greg Diamond

Thank you, Chelsea, and yes, welcome everybody. After the market closed yesterday, we issued and posted several items on our websites, including our financial results 10-Q, quarterly operating supplement, and statutory financial statements for both MBIA Insurance Corporation and National Public Finance Guarantee Corporation. We also posted the updates to the listings of our insurance company's insurance portfolios.

Regarding today's call, please note that, anything said on the call is qualified by the information provided by the company's 10-K, 10-Q and other SEC filings as our company's definitive disclosures are incorporated in those documents. We urge investors to read our 10-K and 10-Qs as they contain our most current disclosures about the company and its financial and operating results. Those documents also contain information that may not be addressed on today's call.

Definitions and reconciliations of the non-GAAP terms included in our remarks today are also included in our 10-K and 10-Qs as well as our financial results report and our quarterly operating supplement. The recorded replay of today's call will become available approximately two hours after the end of the call and the information for accessing it is included in last week's press announcement and in the financial results report posted yesterday on the MBIA website.

Now, for our safe harbor disclosure. Our remarks on today's conference call may contain forward-looking statements. Important factors such as general market conditions and the competitive environment could cause our actual results to differ materially from the projected results referenced in our forward-looking statements. Risk factors are detailed in our 10-K and 10-Qs, which are available on our website at mbia.com.

The company cautions not to place undue reliance on any such forward-looking statements. The company also undertakes no obligation to publicly correct or update any forward-looking statement, if it later becomes aware that such statement is no longer accurate. For our call today, Bill Fallon and Anthony McKiernan will provide introductory comments and then a question-and-answer session will follow.