Last $9.66 USD
Change Today +0.20 / 2.11%
Volume 1.4M
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

113 King Street

Armonk, NY 10504

United States

Phone: 914-273-4545

Fax:

MBIA Inc. 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. Financial Guarantee Business The company’s financial guarantee insurance provides investors with an unconditional and irrevocable guarantee of the payment of the principal, interest or other amounts owing on insured obligations when due or, in the event that the company has the right at its discretion to accelerate insured obligations upon default or otherwise, upon its election to accelerate. The company conducts United States (U.S.) public finance only financial guarantee business through a subsidiary National Public Finance Guarantee Corporation (National), and global structured finance and non-U.S. public finance financial guarantee insurance business through a subsidiary MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). Related advisory and portfolio services are provided by a subsidiary, Optinuity Alliance Resources Corporation (Optinuity), which provides support services such as surveillance, risk management, legal, accounting, treasury and information technology, among others, to businesses on a cost basis. MBIA Corp. also owns MBIA UK Insurance Limited (MBIA UK), a financial guarantee insurance company that is authorized by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA in the United Kingdom (U.K.) and writes both structured finance and public finance debt obligations in selected international markets. In addition, MBIA Corp. owns MBIA México, S.A. de C.V. (MBIA Mexico), which writes a limited number of structured finance policies in Mexico. Asset Management Advisory Services Business The company conducts asset management advisory services business primarily through wholly-owned subsidiaries of Cutwater Holdings, LLC (Cutwater). Cutwater offers advisory services, including cash management, discretionary asset management and structured products on a fee-for-service basis. The company offers these services to public, not-for-profit, corporate and financial services clients, including the company and its subsidiaries. The advisory services segment primarily consists of the operations of Cutwater Investor Services Corp. (Cutwater-ISC) and Cutwater Asset Management Corp. (Cutwater-AMC). Insurance Operations The company’s U.S. public finance insurance business is conducted through National, and its structured finance and international insurance operations are conducted through MBIA Corporation and its subsidiaries. The company’s financial guarantee insurance is offered in both the new issue and secondary markets. The company also issues insurance policies to guarantee the payment of principal and interest on municipal obligations being traded in the secondary market upon the request of a broker or an existing holder of uninsured bonds, where premium is generally paid by the owner of the obligation. National Insured Portfolio National’s insurance portfolio consists of municipal bonds, including tax-exempt and taxable indebtedness of U.S. political subdivisions, as well as utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities and other similar agencies and obligations issued by private entities that finance projects that serve a substantial public purpose. Municipal bonds and privately issued bonds used for the financing of public purpose projects are supported by taxes, assessments, user fees or tariffs related to the use of these projects, lease payments or other similar types of revenue streams. National’s portfolio is comprised of MBIA Corp.’s U.S. public finance financial guarantees policies assumed through reinsurance and FGIC’s U.S. public finance financial guarantees novated to National pursuant to the FGIC Novation Agreement. MBIA Corporation Insured Portfolio MBIA Corporation has insured and reinsured structured finance and international public finance obligations sold in the new issue and seco

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MBI

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Valuation MBI Industry Range
Price/Earnings 2.8x
Price/Sales 1.2x
Price/Book 0.5x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
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