Company Profile For MBIA Inc.

MBIA Inc. (MBIA) is engaged in providing financial guarantee business through its wholly owned subsidiaries MBIA Corp. and MBIA Insurance Corp. of Illinois (MBIA Illinois) and conduct the investment management business through the Company and its subsidiaries, the wholly owned subsidiary MBIA Asset Management, LLC (MBIA Asset Management). The financial services provided by the Company includes financial guarantee insurance, as well as related reinsurance, advisory and portfolio services for the public and structured finance markets, and investment management services, including advisory services, asset/liability products and conduits. In February 2009, the Company restructured the business to re-launch MBIA Illinois as a United States public finance-only financial guarantee company (the MBIA Illinois Transformation) through a series of transactions.

BRIEF: For the nine months ended 30 September 2009, MBIA Inc.'s revenue totaled $2.30B, up from $732.1M. Net income applicable to common totaled $863.6M vs. a loss of $1.51B. Revenues reflects an increase in scheduled premiums earned, higher fees & reimbursements income, the presence of net gain on financial instruments at fair value & foreign exchange vs., loss. Net income also reflects a decrease in interest expenses.