PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MBIA Inc. (MBI) on Thursday reported a loss of $86 million in its first quarter.

The Purchase, New York-based company said it had a loss of $1.84 per share. Losses, adjusted for one-time gains and costs, came to 52 cents per share.

The insurance and reinsurance company posted revenue of $13 million in the period. Its adjusted revenue was $32 million.

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