Us Public Finance Insurance was Mbia’s largest segment in fiscal 2024, bringing in $99.00M of $42.00M (236%).
| Statement Business Segments | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Us Public Finance Insurance | $110.00M | $35.00M | $86.00M | $99.00M | |||||||
| U S Public Finance Insurance | — | — | — | — | |||||||
| Uspublic Finance Insurance | — | — | — | — | |||||||
| International & Structured Finance Insurance | $19.00M | $46.00M | -$43.00M | -$67.00M | |||||||
| Corporate Operations | $166.00M | $167.00M | $51.00M | $96.00M | |||||||
| Advisory Services | — | — | — | — | |||||||
| Conduits | — | — | — | — | |||||||
| Intersegment Eliminations | -$106.00M | -$94.00M | -$87.00M | -$86.00M | |||||||
| Intersegment Elimination | — | — | — | — | |||||||
| Total | $189.00M | $154.00M | $7.00M | $42.00M |
Mbia brought in $42.00M from its four segments in fiscal 2024, the year ended December 31, 2024. That was up 500.0% from $7.00M in fiscal 2023. Us Public Finance Insurance was the largest at $99.00M (235.7%), ahead of Corporate Operations at $96.00M (228.6%).
Compared with fiscal 2023, Corporate Operations grew 88.2% to $96.00M and Us Public Finance Insurance grew 15.1% to $99.00M. From fiscal 2021 to 2024, combined revenue from these segments fell from $189.00M to $42.00M, a compound annual decline of 39.4%. Us Public Finance Insurance's share of the total rose from 58.2% to 235.7%.
The total is net of International & Structured Finance Insurance, which took $67.00M off revenue in fiscal 2024.
U.S. Public Finance Insurance was Mbia’s largest segment in fiscal 2010, bringing in $750.00M of $893.00M (84%).
| Statement Operating Activities Segment | FY 2009 | FY 2010 |
|---|---|---|
| Structured Finance & International Insurance | $2.19B | — |
| U.S. Public Finance Insurance | $808.00M | $750.00M |
| Asset/Liability Products | $179.00M | — |
| Wind-Down Operations | — | $91.00M |
| Advisory Services | $54.00M | — |
| Conduits | $50.00M | $52.00M |
| Corporate Operations | $24.00M | — |
| Wind-Down Eliminations | $1.00M | — |
| Eliminations | -$356.00M | — |
| Total | $2.95B | $893.00M |
Mbia brought in $893.00M from its three segments in fiscal 2010, the year ended December 31, 2010. Mbia regrouped these segments after fiscal 2009, so the total does not compare directly with that year's $2.95B. U.S. Public Finance Insurance was the largest at $750.00M (84.0%), ahead of Wind-Down Operations at $91.00M (10.2%) and Conduits at $52.00M (5.8%).
Compared with fiscal 2009, Conduits grew 4.0% to $52.00M, while U.S. Public Finance Insurance fell 7.2% to $750.00M.
Mbia began breaking out Wind-Down Operations in fiscal 2010, when it brought in $91.00M. Mbia stopped reporting Structured Finance & International Insurance ($2.19B in fiscal 2009), Asset/Liability Products ($179.00M in fiscal 2009), Advisory Services ($54.00M in fiscal 2009) and two others as separate segments.
Mbia (MBI) reports its revenue by statement business segments and by statement operating activities segment. In fiscal 2024, Us Public Finance Insurance was its largest segment, bringing in $99.00M (235.7% of the total), followed by Corporate Operations at $96.00M (228.6%).
Us Public Finance Insurance was Mbia's largest segment in fiscal 2024, bringing in $99.00M, or 235.7% of the $42.00M total across its four segments.
Corporate Operations grew faster than Us Public Finance Insurance in fiscal 2024, up 88.2% from $51.00M to $96.00M. Us Public Finance Insurance grew 15.1% to $99.00M.
Every figure comes from Mbia's annual financial filings, as reported. Each line keeps the name Mbia gives it, and years follow its fiscal calendar.
Mbia's revenue by statement business segments goes back to fiscal 2014, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.