secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-067033
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000095017025067033/0000950170-25-067033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000095017025067033/mbi-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-067033

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