---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-057049"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:45:19.761463+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-057049
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000095017024057049/0000950170-24-057049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000095017024057049/mbi-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-057049
- JSON: https://secwatch.observer/filing/0000950170-24-057049.json
- Plain text: https://secwatch.observer/filing/0000950170-24-057049.txt

## Key facts
- Earnings Releases
  MBIA INC reported financial results for the quarter ended March 31, 2024.
  - Period: the quarter ended March 31, 2024
  - Result: reported results
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/814585/000095017024057049/0000950170-24-057049-index.htm

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