NU Online News Service, March 1, 3:12 p.m. EST

Bond insurer MBIA today reports a fourth-quarter loss of $626 million.

Armonk, N.Y.-based insurer's chief executives told financial analysts during a conference call that despite the losses the company was on track to relieving itself of risk in its structured-finance portfolio and expects a return to profitability once outstanding litigation is resolved.

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