MBIA reports Q2 2021 GAAP net loss of $61M ($1.23/share); book value per share turns negative

MBIA INC

2021-Q2 EPS reported -$3.38 revenue$90,000,000

Net loss of $61M (($1.23)/share) vs net loss of $106M (($1.69)/share) in Q2 2020.
Book value per share negative $0.66 at June 30, 2021 vs positive $2.55 at Dec 31, 2020.
Loss and LAE driven by MBIA Corp. losses on CDO recoveries and National Puerto Rico claims adjustments.
Gains from extinguishment of corporate debt partially offset unfavorable VIE revenues and swap mark-to-market.
Quarterly operating supplement and statutory statements posted on company website as supplementary disclosure.

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