Corporate SegmentThe Corporate segment comprises MBIA Inc.’s holding company activities and certain subsidiaries, including Optinuity Alliance Resources Corp. The Corporate segment recorded a pre-tax loss of $21 million in the third quarter of 2011 compared with a pre-tax loss of $80 million in the third quarter of 2010. The Corporate segment’s results were impacted by an $8 million net gain on financial instruments at fair value and foreign exchange in the third quarter of 2011 and a $62 million net loss on financial instruments at fair value and foreign exchange in the third quarter of 2010 on outstanding warrants on MBIA Inc. common stock. The Corporate segment also recorded a $10 million net investment loss related to other than temporary impairments on investments in the third quarter of 2011.
MBIA Inc. Reports Third Quarter 2011 Financial Results
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