MBIA Inc. Reports $56 Million Loss in Q3 2023

MBIA Inc., a company based in Purchase, New York, reported a net loss of $56 million for the third quarter. This translates to a loss of $1.18 per share. When adjusted for non-recurring costs and discontinued operations, the earnings were less than 1 cent per share. The company's revenue for the quarter was $29 million, with adjusted revenue reaching $31 million. MBIA operates in the insurance and reinsurance sectors, providing financial services to its clients.