secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123381
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MBIA Q3 net loss $56M ($1.18/share) improves from $185M loss a year ago on lower PREPA charges
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- Adjusted net loss of $174K ($0.00/share) vs. $138M loss in Q3 2023; benefit from lower PREPA losses.
- Book value per share negative $39.19 as of Sept 30, 2024, down from negative $32.56 at Dec 31, 2023.
- National statutory capital $1.0B, claims-paying resources $1.6B; insured portfolio $25.9B gross par.
- MBIA Inc. liquidity $326M; $71M remaining under share repurchase authorization; 51.0M shares outstanding.
- Year-to-date GAAP net loss $396M ($8.37/share) vs. $353M ($7.25/share) in 2023; higher due to Zohar CDO valuation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000095017024123381/0000950170-24-123381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000095017024123381/mbi-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123381

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