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MBIA: 2Q Earnings Snapshot

August 6, 2019

PURCHASE, N.Y. (AP) _ MBIA Inc. (MBI) on Tuesday reported a loss of $170 million in its second quarter.

On a per-share basis, the Purchase, New York-based company said it had a loss of $2.02. Losses, adjusted for non-recurring costs, came to 90 cents per share.

The insurance and reinsurance company posted revenue of $30 million in the period.

MBIA shares have climbed roughly 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.33, a drop of 10% in the last 12 months.


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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