---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-201744"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:42:53.322932+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MBIA Q2 net loss widens to $74M ($1.46 loss per share) on VIE losses

## Summary
- GAAP net loss of $74M ($1.46 per share) vs $36M loss ($0.72) in Q2 2022.
- Book value per share worsened to negative $19.21 from negative $16.07 at year-end 2022.
- Unfavorable variance on VIE consolidated financial instruments at MBIA Corp. drove the larger loss.
- Adjusted Net Loss (non-GAAP) measure highlighted but no figure disclosed in the excerpt.

## SEC filing metadata
- accession: 0001193125-23-201744
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814585/000119312523201744/0001193125-23-201744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000119312523201744/d538584d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-201744
- JSON: https://secwatch.observer/filing/0001193125-23-201744.json
- Plain text: https://secwatch.observer/filing/0001193125-23-201744.txt

## Key facts
- Earnings Releases
  MBIA INC reported the second quarter of 2023 results: net income consolidated GAAP net loss of $74 million, or $(1.46) per share, EPS $(1.46) per share.
  - Period: the second quarter of 2023
  - Net income: consolidated GAAP net loss of $74 million, or $(1.46) per share
  - EPS: $(1.46) per share
  - Result: reported results
  source text: MBIA Inc. (NYSE:MBI) (the Company) today reported a consolidated GAAP net loss of $74 million, or $(1.46) per share, for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/814585/000119312523201744/0001193125-23-201744-index.htm

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