Original filing text · Part II

Item 1A — Risk Factors

Mbia Inc. · 10-Q · Q2 FY2026 · Period ended Jun 30, 2026

This is the extracted source text from the SEC filing. Formatting may differ from the original document.

For a discussion of the Company’s risk factors refer to Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. There have been no material changes to the risk factors since previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.