---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-236463"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2021-08-05T23:59:59+00:00"
generated_at: "2026-06-29T22:07:38.022152+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-21-236463
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2021-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000119312521236463/0001193125-21-236463-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000119312521236463/d213360d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-236463
- JSON: https://secwatch.observer/filing/0001193125-21-236463.json
- Plain text: https://secwatch.observer/filing/0001193125-21-236463.txt

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