MBIA Q1 net loss $86M ($1.84/share); adjusted net loss $24M; book value negative $33.80

MBIA INC

2024-Q1 EPS reported -$1.84 revenue$13,000,000

GAAP net loss of $86M ($1.84/diluted share) vs $93M loss ($1.86) in Q1 2023.
Adjusted net loss (non-GAAP) widened to $24M ($0.52/share) from $1M ($0.03) a year ago.
Higher losses on PREPA exposure at National drove increase in loss adjustment expenses.
Book value per share worsened to negative $33.80 from negative $32.56 at Dec 31, 2023.
National statutory capital $1.1B; insured par $27.8B; MBIA Inc. liquidity $376M; no share repurchases.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MBIA INC reported financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 9, 2024, MBIA Inc. (“MBIA”) issued a press release announcing that the Registrant’s results of operations for the quarter ended March 31, 2024, were available via a financial results report on the Registrant’s website

View on SEC.gov

1050 earnings releases filed in the last 30 days. Browse all earnings releases →

MBIA INC filing history →

Source: SEC EDGAR

accession 0000950170-24-057049

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.