| | Business Summary | | MBIA
Inc.
is
engaged
in
providing
financial
guarantee
insurance
and
investment
management
and
financial
services
to
public
finance
clients
and
financial
institutions
on
a
global
basis.
Financial
guarantee
insurance
provides
an
unconditional
and
irrevocable
guarantee
of
the
payment
of
the
principal
of,
and
interest
or
other
amounts
owing
on,
insured
obligations
when
due.
The
Company
conducts
its
financial
guarantee
business
through
its
wholly
owned
subsidiary,
MBIA
Insurance
Corporation
(MBIA
Corp.).
MBIA
Corp.
is
the
parent
of
MBIA
Insurance
Corp.
of
Illinois
and
Capital
Markets
Assurance
Corporation,
both
financial
guarantee
companies
that
were
acquired
by
MBIA
Corp.
MBIA
Corp.
also
owns
MBIA
Assurance
S.A.,
a
French
insurance
company
that
writes
financial
guarantee
insurance
in
the
countries
of
the
European
Community. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | MBI
provides
financial
guarantees
for
municipal
bonds,
asset-backed
and
mortgage-backed
securities,
corporate
debt
and
debt
of
selected
financial
institutions
and
provides
investment
management
services.
Revenues
for
the
six
months
ended
6/30/01
increased
6%
to
$547.8
million.
Net
income
before
accounting
change
increased
4%
to
$272.2
million.
Revenues
reflect
an
increase
in
net
investment
income.
Net
income
was
partially
offset
by
a
lower
net
realized
gain. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joesph Brown, Jr., 52
Chairman
and CEO | $2.5M | Gary Dunton, 45
Pres,
COO, Director | 2.3M | Neil Budnick, 46
CFO,
VP | 1.7M | Kevin Silva, 47
VP,
CAO | -- | Robert Wheeler, 58
VP,
CTO | -- | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/mbi.gif)