| Market Capitalization (Millions $) |
399 |
| Shares
Outstanding (Millions) |
50 |
| Employees |
252 |
| Revenues (TTM) (Millions $) |
154 |
| Net Income (TTM) (Millions $) |
-203 |
| Cash Flow (TTM) (Millions $) |
-82 |
| Capital Exp. (TTM) (Millions $) |
0 |
Mbia Inc
MBIA Inc. was incorporated as a business corporation under the
laws of the state of Connecticut in 1986. The Company is engaged in providing
financial guarantee insurance, investment management services and municipal and
other services to public finance and structured finance clients on a global basis.
Financial guarantee insurance provides an unconditional and irrevocable guarantee
of the payment of the principal of, and interest or other amounts owing on, insured
obligations when due. The Company conducts its financial guarantee business through
its wholly-owned subsidiary, MBIA Insurance Corporation ('MBIA Corp.'). MBIA Corp.
is the successor to the business of the Municipal Bond Insurance Association (the
'Association') which began writing financial guarantees for municipal bonds in
1974. MBIA Corp. is the parent of MBIA Insurance Corp. of Illinois ('MBIA Illinois')
and Capital Markets Assurance Corporation ('CapMAC'), both financial guarantee
companies that were acquired by MBIA Corp. MBIA Corp. also owns MBIA Assurance
S.A. ('MBIA Assurance), a French insurance company, which writes financial guarantee
insurance in the member countries of the European Union. Generally, throughout
the text, references to MBIA Corp. include the activities of its subsidiaries,
MBIA Illinois, MBIA Assurance and CapMAC.
Company Address: 1 Manhattanville Road, Suite 301 Purchase 10577 NY
Company Phone Number: 273-4545 Stock Exchange / Ticker: NYSE MBI
| MBI is expected to report next financial results on August 02, 2023. |
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