Triad Guaranty, Winston-Salem, N.C., has reported a net loss of $198.2 million ($13.36 per share) for the second quarter, compared with net income of $12.0 million ($0.80 per share) a year earlier.

Two weeks after the quarter ended, on July 15, the company's subsidiary Triad Guaranty Insurance Corp. stopped issuing commitments for new mortgage insurance coverage and entered into runoff. That decision followed an unsuccessful attempt by management to capitalize a new mortgage insurance company.

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