secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0000950170-25-029064
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MBIA reports 2024 GAAP net loss of $447M; book value per share negative $40.99
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- GAAP net loss $447M (-$9.43/diluted share) vs $491M loss in 2023; adjusted net loss $184M (-$3.90/share).
- Book value per share negative $40.99 at Dec 31, 2024, down from negative $32.56 at Dec 31, 2023.
- National statutory capital $0.9B, claims-paying resources $1.5B; insured leverage ratio 28:1.
- Parent liquidity $380M; National paid $69M as-of-right dividend to MBIA in Q4 2024.
- Q4 2024 GAAP net loss $51M (-$1.07/share) vs $138M loss in Q4 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000095017025029064/0000950170-25-029064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000095017025029064/mbi-20250227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-029064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer