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.


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