---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-139485"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T11:08:10.317595+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-139485
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2023-05-09T23:59:59+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/814585/000119312523139485/0001193125-23-139485-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000119312523139485/d451756d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-139485
- JSON: https://secwatch.observer/filing/0001193125-23-139485.json
- Plain text: https://secwatch.observer/filing/0001193125-23-139485.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814585/000119312523139485/0001193125-23-139485-index.htm

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