---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-053937"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:59:16.981365+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MBIA reports 2022 GAAP net loss of $195M, improved from $445M loss in 2021; book value per share negative $16.07

## Summary
- GAAP net loss of $195M ($3.92/diluted share) for 2022 vs $445M loss ($8.99/share) in 2021.
- Book value per share negative $16.07 as of Dec 31, 2022, down from negative $5.73 a year earlier.
- Lower losses and LAE driven by increased salvage recoveries at MBIA Corp. and favorable incurred loss benefit on first-lien RMBS.
- National's losses lower due to Puerto Rico exposures, partially offset by increased losses on PREPA.
- Net realized investment losses partially offset the improvement.

## SEC filing metadata
- accession: 0001193125-23-053937
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000119312523053937/0001193125-23-053937-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000119312523053937/d475793d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-053937
- JSON: https://secwatch.observer/filing/0001193125-23-053937.json
- Plain text: https://secwatch.observer/filing/0001193125-23-053937.txt

## Key facts
- Earnings Releases
  MBIA INC reported the full year and the quarter ended December 31, 2022 results: net income $195 million, EPS $(3.92) per diluted common share.
  - Period: the full year and the quarter ended December 31, 2022
  - Net income: $195 million
  - EPS: $(3.92) per diluted common share
  - Result: reported results
  source text: MBIA Inc. (NYSE:MBI) (the Company) today reported a consolidated GAAP net loss of $195 million, or $(3.92) per diluted common share, for 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/814585/000119312523053937/0001193125-23-053937-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.