MBIA reports Q3 net loss of $185M, EPS -$3.94, on PREPA losses

MBIA INC

2023-Q3 EPS reported -$7.25 revenue$38,000,000

GAAP net loss $185M ($3.94 per share) vs loss $34M ($0.67 per share) in Q3 2022.
Adverse variance driven by higher losses and LAE at National, largely from PREPA exposure.
Book value per share negative $24.22, down from negative $16.07 at Dec 2022.

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 0.95

MBIA INC reported the quarter ended September 30, 2023 results: net income consolidated GAAP net loss of $185 million, or $(3.94) per share, EPS $(3.94) per share.

Period: the quarter ended September 30, 2023
Net income: consolidated GAAP net loss of $185 million, or $(3.94) per share
EPS: $(3.94) per share
Result: reported results

Exact text from the filing

MBIA Inc. (NYSE:MBI) (the Company) today reported a consolidated GAAP net loss of $185 million, or $(3.94) per share, for the third quarter of 2023

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Source: SEC EDGAR

accession 0001193125-23-269453

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