Last $12.22 USD
Change Today -0.08 / -0.65%
Volume 878.8K
MBI On Other Exchanges
Symbol
Exchange
New York
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As of 1:12 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

mbia inc (MBI) Snapshot

Open
$12.35
Previous Close
$12.30
Day High
$12.42
Day Low
$12.11
52 Week High
05/9/13 - $16.15
52 Week Low
05/2/13 - $8.73
Market Cap
2.4B
Average Volume 10 Days
3.1M
EPS TTM
$-0.28
Shares Outstanding
192.3M
EX-Date
02/25/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MBIA INC (MBI)

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mbia inc (MBI) Details

MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. The company operates through three segments: United States Public Finance Insurance, Structured Finance and International Insurance, and Advisory Services. It insures and reinsures structured finance and international public finance obligations, such as structured finance and asset-backed obligations; payments due under credit and other derivatives; bonds and loans used for the financing of projects or other entities located outside the United States; and obligations of sovereign-related and sub-sovereign issuers. The company also monitors and remediates structured finance and international infrastructure risks, as well as the U.S. public finance transactions; and is involved in certain transactions that require intensive remediation. In addition, it provides cash management, customized asset management, discretionary asset management, and fund accounting services to governments, insurance companies, corporations, pension funds, unions, endowments, foundations, and investment companies; and manages asset/liability programs and conduits, collateralized debt obligations, and other funding vehicles for banks, insurance companies, program trustees, and investment companies. MBIA Inc. was founded in 1973 and is headquartered in Armonk, New York.

277 Employees
Last Reported Date: 03/3/14
Founded in 1973

mbia inc (MBI) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $1.0M
President, Chief Financial Officer and Chief ...
Total Annual Compensation: $750.0K
President and Chief Operating Officer
Total Annual Compensation: $750.0K
Chief Portfolio Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

mbia inc (MBI) Key Developments

MBIA Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

MBIA Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company’s total premiums earned were $109 million compared to $141 million for the same period in 2012. Total revenues were $458 million compared to $732 million for the same period in 2012. The company recorded consolidated net income of $132 million, or $0.68 per diluted share, for the fourth quarter of 2013 compared with consolidated net income of $636 million, or $3.26 per diluted share, for the fourth quarter of 2012. Pre-tax income was $294 million compared to $839 million a year ago. The company reported an adjusted pre-tax loss of $84 million for the fourth quarter of 2013 compared with adjusted pre-tax income of $110 million for the fourth quarter of 2012. For the full year, the company’s total premiums earned were $457 million compared to $605 million for the same period in 2012. Total revenues were $1,209 million compared to $2,435 million for the same period in 2012. Pre-tax income was $416 million compared to $1,598 million a year ago. The company's consolidated adjusted pre-tax loss for the year ended December 31, 2013 was $452 million compared with an adjusted pre-tax loss of $708 million in 2012. The company recorded consolidated net income of $250 million, or $1.29 per diluted common share for the year ended December 31, 2013, compared with consolidated net income of $1.2 billion, or $6.33 per diluted common share, for the same period of 2012. Adjusted book value per share was $27.78 as of December 31, 2013 compared with $30.68 as of December 31, 2012. The reduction in the adjusted pre-tax loss for the year ended December 31, 2013 was primarily due to a decrease in insurance losses and LAE, lower net investment losses related to other-than-temporary impairments and higher net gains on the extinguishment of debt, partially offset by lower premiums earned and lower net investment income.

MBIA Inc. Closes to Settlement with Nomura Holdings Inc. over MBS Exposure

MBIA Inc. is nearing a deal in which it would pay Nomura Holdings Inc. at least $325 million to settle a dispute over mortgage-backed securities. The agreement would cut by $3 billion the company's possible legal exposure to guarantees it wrote for certain MBS. Under the deal's terms, MBIA would pay Nomura $325 million up front and might have to shell out another $83 million later on depending on how some other legal disputes are resolved.

MBIA Inc. Appoints Sean D. Carney to the Board of Directors

MBIA Inc. announced that Sean D. Carney was elected to MBIA's board of directors in accordance with the board's power under MBIA Inc.'s by-laws to fill interim vacancies. Mr. Carney was designated and elected to the board of directors pursuant to the terms of the amended and restated Investment Agreement dated as of February 6, 2008 between MBIA and Warburg Pincus. Mr. Carney has been a Member and Managing Director of Warburg Pincus LLC and a General Partner of Warburg Pincus & Co. since January 2001 and has been employed with Warburg Pincus since 1996. He focuses on investments in the financial services sector and has also worked on the firm's healthcare team.

 

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Industry Analysis

MBI

Industry Average

Valuation MBI Industry Range
Price/Earnings 9.6x
Price/Sales 2.2x
Price/Book 0.7x
Price/Cash Flow 9.5x
TEV/Sales NM Not Meaningful
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