secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001193125-21-318486
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MBIA Q3 2021 net loss $123M ($2.49/share) vs $58M loss a year ago
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- Net loss of $123M ($2.49 per diluted share) vs $58M loss ($1.11) in Q3 2020.
- Losses driven by higher loss/LAE at National and MBIA Insurance Corp; gains from bond purchases and policy termination partially offset.
- National reduced Puerto Rico exposures: sold ~$199M PREPA claims, modified loss reserves; GO exposures to be eliminated upon Plan of Adjustment.
- Book value per share negative $3.12 at Sept 30, 2021 vs positive $2.55 at Dec 31, 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000119312521318486/0001193125-21-318486-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000119312521318486/d251908d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-318486

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