secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001193125-21-236463
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 Q2 2021 GAAP net loss of $61M ($1.23/share); book value per share turns negative
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000119312521236463/0001193125-21-236463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000119312521236463/d213360d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-236463

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