---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-091879"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:47:00.813974+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MBIA Q2 net loss widens to $254M on PREPA losses; book value per share negative $39.07

## Summary
- GAAP net loss $254M ($5.34 diluted EPS) vs loss of $74M ($1.46) in Q2 2023; revenue figures not separately disclosed.
- Adjusted net loss $138M ($2.90 diluted) vs $22M loss; driven by higher losses on PREPA and Zohar CDO fair value declines.
- Book value per share worsened to negative $39.07 from negative $32.56 at Dec 31, 2023.
- CEO Bill Fallon: "PREPA exposure remains an important issue to be resolved to pursue a sale of MBIA Inc."
- National statutory capital $1.0B, claims-paying resources $1.6B, leverage 28:1; MBIA Corp statutory capital $85M.

## SEC filing metadata
- accession: 0000950170-24-091879
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2024-08-06T23:59:59+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/814585/000095017024091879/0000950170-24-091879-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000095017024091879/mbi-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-091879
- JSON: https://secwatch.observer/filing/0000950170-24-091879.json
- Plain text: https://secwatch.observer/filing/0000950170-24-091879.txt

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