TITLE

MBIA Inc. Reports 2004 Operating Income Rose by 46 Cents Per Share

AUTHOR(S)
Walker, Susanne
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that MBIA Inc., the holding company for MBIA Insurance Corp., reported that operating income rose to $5.25 per share in 2004 from $4.79 per share at the end of 2003. For the quarter, operating income also inched up to $1.34 per share from $1.22 per share at the end of fourth quarter 2003. Net income for 2004 was $804.1 million compared to $813.6 million for 2003, reflecting a 1% decrease. MBIA's advisory fees in 2004 were down 30% to $41.5 million from $59.7 million during 2003, primarily reflecting lower new business production and a mix of business that included fewer large complex transactions.
ACCESSION #
15910140

 

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