Free Historical Stock Data on MBIA
Stock Symbol: MBI
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Business Description
MBIA Inc. is a provider of financial guarantee products and specialized financial services. The Company provides products and services that meet the credit enhancement, financial and investment needs of its public- and private-sector clients, domestically and internationally. MBIA manages its activities primarily through three principal business operations: insurance, investment management services and municipal services. The insurance operations provide an unconditional and irrevocable guarantee of the payment of principal and interest on insured obligations when due. The Company's investment management services operations provide an array of products and services to the public, not-for-profit and corporate sectors. MBIA's municipal services operations provide revenue enhancement services and products to public-sector clients nationwide, consisting of discovery, audit, collections/recovery, enforcement and information services.
Financial Information
Net income from continuing operations decreased 4% to $422 million. Revenues reflect decreased net premiums written. Net income reflects a decrease in gains on derivatives.
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