secwatch.observer — SEC 8-K summary
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Issuer:     MBIA INC (MBI)
CIK:        0000814585
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001193125-23-269453
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814585/000119312523269453/0001193125-23-269453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814585/000119312523269453/d490854d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-269453

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