secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001193125-23-201744
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000119312523201744/0001193125-23-201744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000119312523201744/d538584d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-201744

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer