secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-139485
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000119312523139485/0001193125-23-139485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000119312523139485/d451756d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-139485

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