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

Walker, Susanne
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p32
Trade Publication
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.


Related Articles

  • MBIA Reports 47% Net Income Rise; FSA Up 22%. Smith, Aaron T. // Bond Buyer;5/8/2003, Vol. 344 Issue 31631, p31 

    MBIA Inc., the holding company for New York bond guarantor MBIA Insurance Corp., and Financial Security Assurance Holdings Ltd., the holding company for New York bond guarantor Financial Security Assurance Inc., both reported higher net income for the first quarter 2003 compared to the same...

  • MBIA Spins Off Public Finance-Only Insurer. Herman, Jack; Ackerman, Andrew; Seymour, Dan // Bond Buyer;2/19/2009, Vol. 367 Issue 33065, p1 

    The article announces that MBIA Inc. has restructured its insurance subsidiaries form a new public finance-only insurer that will separately operate from its structured finance business in the U.S. The bond insurance subsidiary MBIA Insurance Corp. ceded its entire $537 billion book of public...

  • MBIA Posts 19% Drop in 4Q Profit, Sees Slower Growth. Meyers, Maxwell // Bond Buyer;2/10/2006, Vol. 355 Issue 32317, p6 

    The article reports on the financial performance of MBIA Inc., the holding company for triple-A rated municipal bond insurer MBIA Insurance Corp. during the fourth quarter of 2005 in the United States. Fourth-quarter earnings were $182.7 million or $1.34 per share for the same period in 2004....

  • Other People's Money. Flynn, John T. // New Republic;1/20/37, Vol. 89 Issue 1155, p357 

    The article offers information on the source of the budget of the U.S. administration. The Middle West Corporation is a holding company owning utilities and ice plants, trolleys and all sorts of things. This Service Company was supposed to handle all the financial problems of all Middle West...

  • Holding companies. Brown, John; McLaughlin, Tony // Accountancy;Nov93, Vol. 112 Issue 1203, p118 

    This article reports on the implementation of Value Added Tax on holding companies in Great Britain in 1993. Customs have maintained their option to keep the position under review, particularly by monitoring developments in the European Commission. Wider changes to their policy towards holding...

  • MBIA Spins Off Public Finance Only Insurer. Herman, Jack; Ackerman, Andrew; Seymour, Dan // Asset Securitization Report;2/23/2009, Vol. 9 Issue 8, p14 

    The article reports on the reorganization of MBIA Insurance Corp. of Illinois by MBIA Insurance Corp. to form a new U.S. public finance-only insurer that will operate separately from its structured finance business. MBIA Insurance Corp. gave its entire $537 billion book of public finance...

  • Fidelity Tells Clients to Reduce MBIA-Backed Muni Holdings. Fine, Jacob // Bond Buyer;3/7/2003, Vol. 343 Issue 31588, p1 

    Reports that Fidelity Capital Markets Group (FCMG) has advised its clients for reducing holdings of MBIA Insurance Corp.-backed municipal bonds. Reasons behind the advise of FCMG to reduce holdings of municipal bonds; Criticism of ratings given to MBIA Insurance Corp. by New York-based Gotham...

  • MBIA Announces a Net Loss of Less Than 1% in 2Q Profits. Chang, Helen // Bond Buyer;8/4/2004, Vol. 349 Issue 31940, p5 

    Reports on a one percent decline in 2004 second-quarter profits posted by bond insurer MBIA Inc., the parent company of MBIA Insurance Corp. Smaller gains on derivative exposure compared to the previous year; Net income; Comments of chief financial officer Nicholas Ferreri during a conference call.

  • Lawsuit Claims MBIA Execs Concealed Critical Info. RIGGS, TAYLOR // Bond Buyer;6/22/2011, Vol. 376 Issue 33537, p6 

    The article discusses the lawsuit filed by the bank policyholders suing the New York Insurance Department and MBIA Inc. for hiding critical information related to future losses at MBIA Insurance Corp. According to the lawsuit, the restructuring of MBA Insurance into MBIA Insurance Corp. and...


Read the Article


Sign out of this library

Other Topics