MBIA: 4Q Earnings Snapshot

PURCHASE, N.Y. (AP) _ MBIA Inc. (MBI) on Thursday reported a loss of $243 million in its fourth quarter.

The Purchase, New York-based company said it had a loss of $3.21 per share. Losses, adjusted for non-recurring costs, came to $1.25 per share.

The insurance and reinsurance company posted revenue of $28 million in the period.

For the year, the company reported that its loss widened to $359 million, or $4.43 per share. Revenue was reported as $280 million.

MBIA shares have dropped 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.35, a decrease of 16% 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