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Last $6.69 USD
Change Today +0.25 / 3.88%
Volume 3.0M
MBI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1 Manhattanville Road

Suite 301

Purchase, NY 10577

United States

Phone: 914-273-4545

Fax:

ments or their equivalent in each jurisdiction, as well as sovereign owned entities that are generally supported by a sovereign state, region or department; and structured finance and asset-backed obligations, which are typically secured by undivided interests or collateralized by the related assets or, in the case of certain CDS transactions, reference the underlying assets. Certain policies include payments due under CDS and other derivatives, including termination payments that may become due in certain circumstances, including the occurrence of certain insolvency or payment defaults under the CDS contracts. The inclusion of various ineligible mortgage loans in MBIA Corp.-insured residential mortgage-backed securities transactions has caused, and might continue to cause, material losses beyond any stress analyses undertaken at origination; and payments due under credit and other derivatives. At the current time, the company does not insure any direct sovereign debt. As of December 31, 2014, MBIA Corp. had 590 policies outstanding in its insured portfolio. In addition, MBIA Corp. had 139 insurance policies outstanding relating to liabilities issued by MBIA Inc. and its subsidiaries. MBIA Corp.’s total policies are diversified among 379 ‘credits’, which the company defines as any group of issues supported by the same revenue source. Dispositions In January 2015, the company completed the sale of its asset management advisory services business operated through two registered investment adviser subsidiaries of Cutwater Holdings, LLC. Business Strategy The company’s primary strategy is to insure new issue and secondary market municipal bonds while providing ongoing surveillance of National’s existing insured portfolio. Insurance Regulation MBIA UK is authorized by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA in the U.K. MBIA Corp. and National each are required to file detailed annual financial statements with the New York State Department of Financial Services and similar supervisory agencies in each of the other jurisdictions in which it is licensed. The company’s domestic insurance companies are licensed to provide financial guarantee insurance under Article 69 of the New York Insurance Law. History MBIA Inc. was founded in 1973. The company, a Connecticut corporation, was incorporated in 1986.

 

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Industry Analysis

MBI

Industry Average

Valuation MBI Industry Range
Price/Earnings 3.7x
Price/Sales 1.1x
Price/Book 0.3x
Price/Cash Flow 3.3x
TEV/Sales NM Not Meaningful
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