MBIA reports Q1 net loss $93M, EPS -$1.86, book value per share negative $16.57

MBIA INC

2023-Q1 EPS reported -$1.86 revenue$2,000,000

Consolidated GAAP net loss of $93M ($1.86 diluted loss per share) vs $73M loss ($1.48 loss) in Q1 2022.
Book value per share negative $16.57, down from negative $16.07 at Dec 31, 2022.
Higher loss driven by mark-to-market losses on interest rate swaps, VIE deconsolidation, and higher interest expense.
Lower losses on Puerto Rico credits at National partially offset the increase.

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 0.9

MBIA INC reported the first quarter of 2023 results: net income consolidated GAAP net loss of $93 million, EPS $(1.86) per diluted common share.

Period: the first quarter of 2023
Net income: consolidated GAAP net loss of $93 million
EPS: $(1.86) per diluted common share
Result: reported results

Exact text from the filing

MBIA Inc. (NYSE:MBI) (the Company) today reported a consolidated GAAP net loss of $93 million, or $(1.86) per diluted common share, for the first quarter of 2023 compared to a consolidated GAAP net loss of $73 million, or $(1.48) per diluted common share, for the first quarter of 2022.

View on SEC.gov

Browse all earnings releases →

MBIA INC filing history →

Source: SEC EDGAR

accession 0001193125-23-139485

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.