MBIA Inc. (MBI)
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Joseph (Jay) W. Brown, Chairman of the Board/Director/CEO/President
113 King Street
Armonk, NY 10504
US
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Overview
The Company is a provider of financial guarantee products and specialized financial services that meet the credit enhancement, financial and investment needs of its public and private-sector clients worldwide.
News Feeds
-
MBIA disagrees with Moody's ratings downgrade
AP
Nov 07 2008
-
Bond insurers post further losses, shares drop
Reuters
Nov 05 2008
-
Earnings roundup: Time Warner Cable, MBIA
AP
Nov 05 2008
-
MBIA's 3Q loss widens on reserve buildup
AP
Nov 05 2008
Portfolio Blogs
-
MBIA Turns Thuggish
Aug 11 2008
-
MBIA: Moody's Twists the Knife
Jun 20 2008
Press Releases
-
MBIA Comments on Moody's Downgrade of MBIA's Insurance Financial Strength Rating to Baa1 Nov-07-2008, 04:38PM EST
-
MBIA Inc. Provides Financial Update and Reports Financial Results for First Nine Months of 2008 Nov-05-2008, 06:22AM EST
-
Fitch Downgrades TEAC 2006C Prepaid Gas Project in line with Project Participants Oct-24-2008, 04:17PM EDT
News From Around the Web
News
-
Nov 19 2008
-
Health care not immune
(Minneapolis / St. Paul Business Journal)Nov 18 2008 -
Municipal-Debt Issuers Turn To Highest-Rated Insurers
(Morningstar)Nov 06 2008 -
Bond insurer MBIA swings to third quarter loss
(Business Insurance)Nov 06 2008 -
Nov 06 2008
-
MBIA 3Q Loss Soars On Increased Loss Reserves
(Morningstar)Nov 05 2008 -
U.S. Treasury Mulls Aid Program for Bond, Mortgage Insurers
(Insurance Journal)Oct 27 2008 -
Treasury wants to recapitalize insurers
(InvestmentNews)Oct 24 2008 -
Wisc Regulator: Bond Insurer Rescue Talks 'Productive'
(Morningstar)Oct 22 2008
Employees
Number of Employees: 486
Revenue per Employee: $6,094,494
Top Executives
Dan McManus, Other Executive Officer
Douglas C. Hamilton, Controller/Other Corporate Officer
Kevin D. Silva, Vice President, Subsidiary/Other Executive Officer
Christopher E. Weeks, Other Corporate Officer/Vice President, Subsidiary
Ram D. Wertheim, Executive VP/Other Executive Officer/Secretary
C. Edward Chaplin, CFO/Chief Administrative Officer/President
Ruth M. Whaley, Other Executive Officer/Vice President, Subsidiary
Thomas G. McLoughlin, Other Corporate Officer/Vice President, Subsidiary
Clifford D. Corso, Executive VP/Other Executive Officer
Board of Directors
Dr. Claire L. Gaudiani, Director
Richard C. Vaughan, Director
Ram D. Wertheim, Executive VP/Other Executive Officer/Secretary
John A. Rolls, Director
Kewsong Lee, Director
C. Edward Chaplin, CFO/Chief Administrative Officer/President
Jeffery W. Yabuki, Director
Financials
Quarterly
Annual
| Income Statement | 11/2008 | 08/2008 | 05/2008 | 03/2008 |
|---|---|---|---|---|
| Sales | NA | NA | NA | NA |
| Gross Operating Profit | -1.02 Bil. | 3.18 Bil. | -3.32 Bil. | -3.13 Bil. |
| Operating Income before D & A (EBITDA) | -1.02 Bil. | 3.18 Bil. | -3.32 Bil. | -3.13 Bil. |
| Total Income Before Interest Expenses (EBIT) | -782.38 Mil. | 3.18 Bil. | -3.32 Bil. | -3.13 Bil. |
| Total Net Income | -806.48 Mil. | 1.7 Bil. | -2.41 Bil. | -2.3 Bil. |
| Basic EPS, Total | -3.48 | 7.25 | -13.03 | -18.1 |
| Diluted EPS, Total | -3.48 | 7.14 | -13.03 | -18.01 |
| BALANCE STATEMENT | 11/2008 | 08/2008 | 05/2008 | 03/2008 |
|---|---|---|---|---|
| Cash and Equivalents | NA | NA | NA | NA |
| Total Assets | NA | NA | NA | NA |
| Total Liabilities | NA | NA | NA | NA |
| Total Capitalization | NA | NA | NA | NA |
| Cash Flow | 11/2008 | 08/2008 | 05/2008 | 03/2008 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | NA | NA | NA |
| Net Cash From Investing Activities | 9.43 Bil. | 2.53 Bil. | -467.54 Mil. | -6.31 Bil. |
| Net Cash From Financing Activities | -7.54 Bil. | -1.92 Bil. | 236.66 Mil. | 5.28 Bil. |
| Net Change in Cash & Cash Equivalents | 2.29 Bil. | 1.05 Bil. | 26.56 Mil. | -5.54 Mil. |
| Income Statement | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Sales | NA | NA | NA | NA |
| Gross Operating Profit | -1.49 Bil. | 2.32 Bil. | 1.81 Bil. | 1.62 Bil. |
| Operating Income before D & A (EBITDA) | -1.49 Bil. | 2.32 Bil. | 1.81 Bil. | 1.62 Bil. |
| Total Income Before Interest Expenses (EBIT) | -1.49 Bil. | 2.32 Bil. | 1.81 Bil. | 1.62 Bil. |
| Total Net Income | -1.92 Bil. | 819.29 Mil. | 710.99 Mil. | 815.3 Mil. |
| Basic EPS, Total | -15.17 | 6.17 | 5.3 | 5.85 |
| Diluted EPS, Total | -15.17 | 6.35 | 5.18 | 5.73 |
| BALANCE STATEMENT | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Cash and Equivalents | NA | NA | NA | NA |
| Total Assets | NA | NA | NA | NA |
| Total Liabilities | NA | NA | NA | NA |
| Total Capitalization | NA | NA | NA | NA |
| Cash Flow | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | NA | NA | NA |
| Net Cash From Investing Activities | -6.31 Bil. | -4.8 Bil. | -2.19 Bil. | -2.33 Bil. |
| Net Cash From Financing Activities | 5.28 Bil. | 4.19 Bil. | 1.28 Bil. | 1.55 Bil. |
| Net Change in Cash & Cash Equivalents | -5.54 Mil. | 47.57 Mil. | -133.19 Mil. | 138.69 Mil. |
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