PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MBIA Inc. (MBI) on Tuesday reported a loss of $52 million in its fourth quarter.
The Purchase, New York-based company said it had a loss of $1.05 per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 30 cents per share.
The insurance and reinsurance company posted revenue of $57 million in the period.
For the year, the company reported that its loss narrowed to $195 million, or $3.92 per share. Revenue was reported as $154 million.
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