---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-269453"
form_type: "8-K"
ticker: "MBI"
cik: "0000814585"
company_name: "MBIA INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:22:19.514720+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-269453
- form_type: 8-K
- ticker: MBI
- cik: 0000814585
- company_name: MBIA INC
- filed_at: 2023-11-02T23:59:59+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/814585/000119312523269453/0001193125-23-269453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814585/000119312523269453/d490854d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-269453
- JSON: https://secwatch.observer/filing/0001193125-23-269453.json
- Plain text: https://secwatch.observer/filing/0001193125-23-269453.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/814585/000119312523269453/0001193125-23-269453-index.htm

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