MBIA Q3 net loss narrows to $34M ($0.67/share) vs $123M loss a year ago

MBIA INC

2022-Q3 EPS reported -$2.87 revenue$97,000,000

GAAP net loss of $34M for Q3 2022 compared to net loss of $123M in Q3 2021.
Diluted loss per share of $(0.67) vs $(2.49) in prior-year quarter.
Book value per share negative $15.70 as of Sep 30, 2022, down from negative $5.73 at Dec 31, 2021.
Improvement driven by favorable losses/LAE at MBIA Corp and National; higher interest rates and lower Puerto Rico losses cited.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MBIA INC reported quarter ended September 30, 2022 results: net income consolidated GAAP net loss of $34 million, EPS $(0.67) per share.

Period: quarter ended September 30, 2022
Net income: consolidated GAAP net loss of $34 million
EPS: $(0.67) per share
Result: reported results

Exact text from the filing

MBIA Inc. (NYSE:MBI) (the Company) today reported a consolidated GAAP net loss of $34 million, or $(0.67) per share, for the third quarter of 2022 compared to a consolidated GAAP net loss of $123 million, or $(2.49) per share, for the third quarter of 2021.

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Source: SEC EDGAR

accession 0001193125-22-275851

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