We propose a new protocol for two-party computation, secure against malicious adversaries, that is significantly faster than prior work in the single-execution setting (i.e., non-amortized and with no preprocessing). In particular, for computational security parameter κ and statistical security parameter ρ, our protocol uses only ρ garbled circuits and O(ρ + κ) public-key operations, whereas previous work with the same number of garbled circuits required either O(ρ · n + κ) public-key operations (where n is the input/output length) or a second execution of a secure-computation sub-protocol. Our protocol can be based on the decisional Diffie-Hellman assumption in the standard model. We implement our protocol to evaluate its performance. With ρ = 40, our implementation securely computes an AES evaluation in 65 ms over a local-area network using a single thread without any pre-computation, 22× faster than the best prior work in the non-amortized setting. The relative performance of our protocol is even better for functions with larger input/output lengths.