secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001193125-22-058168
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 FY2021 GAAP net loss of $445M; book value per share turns negative $5.73
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- FY2021 GAAP net loss of $445M ($8.99 diluted loss per share) vs FY2020 loss of $578M ($9.78 loss per share).
- Book value per share negative $5.73 at Dec 31, 2021, compared to positive $2.55 at Dec 31, 2020.
- Losses and LAE decreased largely due to lower Zohar CDO losses at MBIA Corp, partially offset by higher Puerto Rico exposure at National.
- Adjusted Net Loss (non-GAAP) was mentioned; full details in the financial results report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000119312522058168/0001193125-22-058168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000119312522058168/d231422d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-058168

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