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MBIA: 2Q Earnings Snapshot

August 8, 2018

PURCHASE, N.Y. (AP) _ MBIA Inc. (MBI) on Wednesday reported a loss of $146 million in its second quarter.

The Purchase, New York-based company said it had a loss of $1.64 per share. Losses, adjusted for non-recurring costs, came to 58 cents per share.

The insurance and reinsurance company posted revenue of $12 million in the period.

MBIA shares have risen 43 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.48, a rise of slightly more than 8 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBI at https://www.zacks.com/ap/MBI

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