---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-022148"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:54:49.264377+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MBIA FY2023 net loss widens to $491M; pays $8/share special dividend, book value negative $32.56

## Summary
- GAAP net loss $491M ($10.18/diluted share) vs $195M ($3.92) in 2022; adjusted net loss $169M ($3.49) vs $145M ($2.90).
- Book value per share negative $32.56 at Dec 31, 2023, down from negative $16.07; $8/share dividend paid Dec 22.
- National statutory capital $1.1B, claims-paying $1.7B; leverage ratio 25:1 (up from 16:1 at year-end 2022).
- MBIA Inc. liquidity $411M; $71M share repurchase remaining; CEO: focus on resolving PREPA exposure, then selling company.
- Q4 net loss $138M ($2.94/share) vs $52M ($1.05) year ago; Q4 adjusted net loss $8M vs income $15M.

## SEC filing metadata
- accession: 0000950170-24-022148
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000095017024022148/0000950170-24-022148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000095017024022148/mbi-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-022148
- JSON: https://secwatch.observer/filing/0000950170-24-022148.json
- Plain text: https://secwatch.observer/filing/0000950170-24-022148.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.