---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-067033"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T06:09:39.254353+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MBIA Q1 2025 GAAP net loss $62M ($1.28/sh) vs $86M loss prior year; Adjusted loss $8M

## Summary
- GAAP net loss $62M improves from $86M loss in Q1 2024 on lower VIE losses and PREPA reserves.
- Adjusted net loss $8M ($0.16/sh) vs $24M loss ($0.52/sh) a year ago, driven by lower losses at National.
- Book value per share negative $42.22 at March 31, 2025, down from negative $40.99 at Dec 31, 2024.
- National statutory capital $919M; claims-paying resources $1.5B; insured portfolio $24.8B gross par.
- MBIA liquidity $378M; no share repurchases in Q1; $71M buyback capacity remaining.

## SEC filing metadata
- accession: 0000950170-25-067033
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2025-05-08T23:59:59+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/814585/000095017025067033/0000950170-25-067033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000095017025067033/mbi-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-067033
- JSON: https://secwatch.observer/filing/0000950170-25-067033.json
- Plain text: https://secwatch.observer/filing/0000950170-25-067033.txt

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