MBIA Posts 19% Drop in 4Q Profit, Sees Slower Growth

Meyers, Maxwell
February 2006
Bond Buyer;2/10/2006, Vol. 355 Issue 32317, p6
Trade Publication
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. Operating income rose one percent to $1.38 per share. The company insured $15.08 billion in tax-exemp debt. Premiums for the public finance business were decreased slightly at $105.9 million from $106.8 million in the fourth quarter of 2005.


Related Articles

  • Bond Insurers Battle Low Rates to Post Profits. Weitzman, Aaron // Bondbuyer.com;3/6/2015, p20 

    The article reports on the profits recorded by bond insurers Assured Guaranty Ltd. and MBIA Inc. for the fourth quarter of 2014. Topics discussed include the impact of low interest rates on the profits of the companies, the increase in the municipal bond market penetration by the companies, and...

  • 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...

  • Option cloud lifting at UnitedHealth Group.  // Dow Theory Forecasts;7/24/2006, Vol. 62 Issue 30, p8 

    The article reports on the financial performance of UnitedHealth Group Inc., which serves about 70 million health consumers in the U.S. The company's June-quarter earnings per share increased 21 percent on a 57 percent sales gain, which depicts the acquisition of the PacifiCare. And the company...

  • MBIA Posts 14% Drop in Profit for Second Quarter. Meyers, Maxwell // Bond Buyer;8/3/2005, Vol. 353 Issue 32188, p6 

    Reports that Armonk, New York-based MBIA Inc. declared a four percent decline in net income per share to $2.80 in the first half of 2005, from $2.92 for the first six months of 2004. Holding company for financial guarantor and leading municipal bond insurer MBIA Insurance Corp.; Challenging...

  • Report: Insurers Probably Had a Strong Second Quarter. Carpenter, Sheryl // Bond Buyer;07/18/2000, Vol. 333 Issue 30934, p7 

    Focuses on a report on the performance of municipal bond insurers in the United States in the second quarter of 2000. Absence of refunding activity; Increase in core earnings per share for Ambac Financial Group Inc. and MBIA Inc.; Factors that have contributed to the rise in stock prices;...

  • 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 Inc. Reports 2004 Operating Income Rose by 46 Cents Per Share. Walker, Susanne // Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p32 

    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...

  • MBIA's 3Q Income Up, Production Down. Hanson, Matthew // Bond Buyer;10/27/2006, Vol. 358 Issue 32496, p4 

    The article reports on the 2006 third quarter financial performance of MBIA Inc., the holding company for MBIA Insurance Corp. The company reported net income of $217.9 million for the third quarter, a 54 percent increased from the same period in 2005. Its increase was due to a $34.6 million...

  • MBIA Reports 67% Growth in Earnings Per Share in 2000. Carpenter-Kasprzak, Sheri // Bond Buyer;02/08/2001, Vol. 335 Issue 31073, p7 

    Reports on the growth of MBIA Inc.'s earnings per share in 2000. Gains in MBIA's structured and international finance business in the United States; Adjusted gross premiums in MBIA's public finance business.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics