PURCHASE, N.Y. (AP) _ MBIA Inc. (MBI) on Wednesday reported a loss of $61 million in its second quarter.

The Purchase, New York-based company said it had a loss of $1.23 per share. Earnings, adjusted for non-recurring costs, were 76 cents per share.

The insurance and reinsurance company posted revenue of $18 million in the period.

MBIA shares have increased 99% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.08, a climb of 64% 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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