Mbia (MBI) Tax Rate (2009 - 2019)
Mbia (MBI) reported Tax Rate of 2.73% for Q4 2019, down 1949.0% on a YoY basis from 0.15% in Q4 2018, and down 59.55% quarter-over-quarter from 6.74% in Q3 2019.
Mbia (MBI) Tax Rate (2009 - 2019) Analysis & Trends
Mbia has reported Tax Rate for 11 years, with the latest figure at 2.73% in Q4 2019.
- For the quarter ending Q4 2019, Tax Rate fell 1949.0% year-over-year to 2.73%; the trailing twelve-month figure through Sep 2020 stood at 0.84% (up 495.0% YoY), and the FY2019 full-year result was 0.56%, changed N/A from the prior year.
- Tax Rate for Q4 2019 stood at 2.73%, down from 6.74% in the prior quarter.
- The five-year high for Tax Rate was 50.91% in Q2 2016, with the low at 485.24% in Q2 2017.
- Historically, Tax Rate has averaged 12.56% across 5 years, with a median of 22.22% in 2018.
- Annual changes were most pronounced in 2015 — Tax Rate surged 14862 bps — and 2017, when it sank 53615 bps.
- Mbia's Tax Rate stood at 37.41% in 2015, then surged by 70 bps to 11.34% in 2016, then surged by 419 bps to 36.21% in 2017, then slumped by 39 bps to 22.22% in 2018, then tumbled by 88 bps to 2.73% in 2019.
- The last three Tax Rate figures came in at 2.73% (Q4 2019), 6.74% (Q3 2019), and 10.53% (Q1 2019), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 35.14% |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | 18.11% |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 22.87% |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 21.37% |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 20.08% |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | 16.89% |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 25.45% |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | 13.82% |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | -58.82% |
| 10 | Mbia | 308.24 Mn | 14.24 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2019 | 2.73% |
| Dec 31, 2019 | 2.73% |
| Sep 30, 2019 | 6.74% |
| Sep 30, 2019 | 6.74% |
| Mar 31, 2019 | -10.53% |
| Mar 31, 2019 | -10.53% |
| Dec 31, 2018 | 22.22% |
| Dec 31, 2018 | 22.22% |
| Mar 31, 2018 | -2.08% |
| Mar 31, 2018 | -2.08% |
| Dec 31, 2017 | 36.21% |
| Dec 31, 2017 | 36.21% |
| Sep 30, 2017 | 2.20% |
| Sep 30, 2017 | 2.20% |
| Jun 30, 2017 | -485.24% |
| Jun 30, 2017 | -485.24% |
| Mar 31, 2017 | 40.00% |
| Mar 31, 2017 | 40.00% |
| Dec 31, 2016 | -11.34% |
| Dec 31, 2016 | -11.34% |