MBIA Inc. said its adjusted pre-tax loss widened to $160 million in the second quarter, from $152 million a year earlier and a $20 million loss in the first quarter. The insurer’s adjusted book value, a non-generally accepted accounting practices measure, fell to $29.28 per share at March 31, from $30.56 per share on March 31 and $30.68 per share on December 31.

MBIA, which spent much of the second quarter reaching settlements with banks, recorded a net loss of $178 million, or $0.92 per diluted share, compared with net income of $581 million, or $2.98 per diluted share, for the second quarter of 2012.

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