secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001193125-22-211312
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MBIA Q2 2022 GAAP net loss $36M ($0.72/sh), improved from $61M loss a year ago
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- GAAP net loss $36M ($0.72 per share) vs loss $61M ($1.23) in Q2 2021.
- Improvement driven by mark-to-market gains on swaps, net gains on financial instruments, and favorable loss adjustment at MBIA Corp.
- Book value per share negative $13.63, down from negative $5.73 at Dec 31, 2021 due to unrealized losses from higher rates.
- Partially offset by investment-related net losses and higher losses at National from Puerto Rico HTA CVIs.
- Adjusted Net Loss (non-GAAP) not specified in available exhibit text.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000119312522211312/0001193125-22-211312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000119312522211312/d705292d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-211312

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