Company
MBIA Inc.
Headquarters: Purchase, NY, United States
Employees: 87
CEO: Mr. William Charles Fallon
Market Cap
$291.0 Million
USD as of Jan. 1, 2024
MBIA Inc. Categories
United States Financials Insurance—SpecialtyUnited States Financials United States Insurance—Specialty
Top Competitors by Market Capitalization
Industry: Insurance—Specialty
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
MBIA Inc. provides financial guarantee insurance services to public finance markets. It operates through United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S. political subdivisions and territories, as well as utilities, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies and obligations issued by private entities. It also insures the non-U.S. public finance and global structured finance, including asset-backed obligations; and sovereign-related and sub-sovereign bonds, utilities, and privately issued bonds used for the financing of projects that include toll roads, bridges, airports, public transportation facilities, and other types of infrastructure projects, as well as offers third-party reinsurance services. MBIA Inc. was founded in 1973 and is headquartered in Purchase, New York.
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Stocks & Indices
MBIA Inc. has the following listings and related stock indices.
Stock: NYSE: MBI wb_incandescent
Stock: FSX: MBJ wb_incandescent
Financials
Revenue: US$282 million (2020)
Operating income: US$−350.0 million
Net income: US$−578.0 million (2020)
Total assets: US$5.751 billion (2020)
Total equity: US$149 million (2020)