{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-076968","form_type":"8-K","ticker":"MBI","cik":"0000814585","company_name":"MBIA INC","filed_at":"2026-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.762232+00:00","generated_at":"2026-05-15T23:58:16.846404+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"MBIA narrows FY 2025 GAAP net loss to $177M from $447M; Adjusted net income turns positive $23M","bullets":["Full-year GAAP net loss of $177M ($3.58/sh) vs $447M ($9.43/sh); Adjusted net income of $23M ($0.46/sh) vs adjusted loss of $184M.","Improvement driven by National's PREPA loss benefit of $33M vs $191M loss in 2024, including custodial receipt sale above estimated recovery.","Q4 2025 GAAP net loss of $51M ($1.01/sh) flat YoY; Adjusted net loss improved to $12M ($0.24/sh) from $22M ($0.48/sh).","National paid $63M as-of-right dividend to MBIA Inc. in Q4; MBIA Inc. repaid $45M of 7.00% debentures on maturity Dec 15, 2025.","National statutory capital $0.9B, claims-paying resources $1.4B, insured leverage ratio improved to 24:1 from 28:1."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-076968","json":"https://secwatch.observer/filing/0001193125-26-076968.json","markdown":"https://secwatch.observer/filing/0001193125-26-076968.md","text":"https://secwatch.observer/filing/0001193125-26-076968.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/814585/000119312526076968/0001193125-26-076968-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/814585/000119312526076968/mbi-20260226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T23:58:16.846404+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}