Book value per share was negative $19.21 as of June 30, compared with a negative $16.07 as of December 31, 2022. The decrease in book value per share since year-end 2022 was primarily due to the net loss for the first six months of 2023, the company said. It added, “MBIA’s financial results remain relatively stable as both of MBIA’s insurance companies had modest adjustments to their losses and loss adjustment expenses. While we focus on the resolution of PREPA, we are endeavoring to enhance shareholder value through expense reductions, share repurchases, and active monitoring of our insurance portfolios.”
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