MBIA: Q1 Earnings Snapshot

PURCHASE, N.Y. (AP) _ MBIA Inc. (MBI) on Monday reported a loss of $106 million in its first quarter.

The Purchase, New York-based company said it had a loss of $2.16 per share. Losses, adjusted for non-recurring gains, were $2.36 per share.

The insurance and reinsurance company posted revenue of $72 million in the period.

MBIA shares have climbed 49% since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.81, an increase of 30% 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