MBIA Inc. (MBI) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.933 Bye, your program is about to begin. Welcome 00:00:05.617 -- 00:00:10.683 to the MBIA Inc. Second Quarter 2025 Financial Results Conference 00:00:10.683 -- 00:00:16.009 Call. I would now like to turn the call over to Greg Diamond, Managing Director of Investor 00:00:16.009 -- 00:00:20.114 and Media Relations of MBIA. Please go ahead, sir. 00:00:20.114 -- 00:00:23.369 Thank you, Erica. Yes, welcome to MBIA's conference call. 00:00:23.369 -- 00:00:27.694 After the market closed yesterday, we issued and posted several items on our websites, 00:00:27.694 -- 00:00:32.720 including our financial results, 10Q, quarterly operating supplement, and statutory 00:00:32.720 -- 00:00:37.886 financial statements for both MBIA Insurance Corporation and National Public Finance 00:00:37.886 -- 00:00:39.849 Guarantee Corporation. 00:00:39.849 -- 00:00:45.856 We also posted updates to the listings of our insurance companies' insurance portfolios. 00:00:45.856 -- 00:00:49.928 Regarding today's call, Please note that anything said on the call is qualified by the 00:00:49.928 -- 00:00:55.115 information provided in the company's 10-K, 10-Q, and other SEC filings 00:00:55.115 -- 00:00:59.820 as our company's definitive disclosures are incorporated in those documents. 00:00:59.820 -- 00:01:04.246 We urge investors to read our 10-K and 10-Qs as they contain our most current disclosures 00:01:04.246 -- 00:01:08.151 about the company and its financial and operating results. 00:01:08.151 -- 00:01:14.028 Those documents also contain information that may not be addressed on today's call. 00:01:14.028 -- 00:01:19.235 Definitions and reconciliations of the non-GAAP terms included in our remarks 00:01:19.235 -- 00:01:23.180 today are also included in our 10-K and 1...