MBIA Inc. (MBI) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.095 Welcome to the MBIA Inc. First Quarter 2025 Financial Results 00:00:05.095 -- 00:00:06.937 Conference Call. 00:00:06.937 -- 00:00:11.240 I would now like to turn the call over to Greg Diamond, Managing Director of Investor 00:00:11.240 -- 00:00:15.824 and Media Relations at MBIA. Please go ahead, sir. 00:00:15.824 -- 00:00:20.488 Thank you, Chelsea. Yes, welcome to MBIA's conference call for our first quarter 2025 00:00:20.488 -- 00:00:25.693 financial results. After the market closed yesterday, we issued and posted several items 00:00:25.693 -- 00:00:30.068 on our websites, including our financial results, 10Q, 00:00:30.068 -- 00:00:34.953 quarterly operating supplement, and statutory statements for both MBIA Insurance Corporation 00:00:34.953 -- 00:00:38.616 and National Public Finance Guarantee Corporation. 00:00:38.616 -- 00:00:44.161 We also posted updates to the listings of our insurance company's insured portfolios. 00:00:44.161 -- 00:00:48.465 Regarding today's call, please note that anything said on the call is qualified by the 00:00:48.465 -- 00:00:53.850 information provided in the company's 10-K, 10-Q, and other SEC filings, 00:00:53.850 -- 00:00:58.621 as our company's definitive disclosures are incorporated in those documents. 00:00:58.621 -- 00:01:03.227 We urge investors to read our 10-K and 10-Q as they contain our most current disclosures 00:01:03.227 -- 00:01:07.313 about the company and its financial and operating results. 00:01:07.313 -- 00:01:13.141 Those documents also contain information that may not be addressed on today's call. 00:01:13.141 -- 00:01:18.128 The definitions and reconciliations of the non-GAAP terms included in our remarks today 00:01:18.128 -- 00:01:23.956 are also included in our 10-K and 1...