MBIA's CEO Discusses Q4 2011 Results - Earnings Call Transcript


Q4 2011 Earnings Call

March 01, 2012 8:00 am ET


Greg Diamond - Head of Equity Investor Relations

Joseph W. Brown - Chief Executive Officer, Director and Member of Finance and Risk Committee

C. Edward Chaplin - Co-President, Chief Administrative Officer, Chief Financial Officer, Vice-Chairman of MBIA Insurance Corporation and Chief Financial Officer of MBIA Insurance Corporation

Anthony McKiernan - Chief Portfolio Officer and Vice President


Arun N. Kumar - JP Morgan Chase & Co, Research Division

Mark Palmer - BTIG, LLC, Research Division

Derek Horton

Alex Ehrhart

David Williams

Steven Stern



Good morning, and welcome to the MBIA Inc.'s Fourth Quarter 2011 Financial Results Conference Call. [Operator Instructions] I would now like to turn the call over to Greg Diamond, Managing Director of Investor Relations at MBIA. Please go ahead.

Greg Diamond

Thank you, Latricia. Welcome to all to MBIA's Conference Call for the Fourth Quarter 2011 Financial Results. We're going to follow a similar format as last quarter's call. Jay Brown and Chuck Chaplin will provide some brief comments and then we'll open the call for a question-and-answer session. As usual, members of the press and representatives from institutions litigating against us will not be able to ask questions on the call. For today's call, Chuck will be referencing a slide deck during his remarks and that deck can be found on MBIA's website. More specifically, the deck is posted on the Events and Presentations web page of the Investor Relations section of the mbia.com website.

After the market closed yesterday, we posted several other items on our website, including our 2011 10-K and the operating supplement for the fourth quarter, as well as the statutory statements for both National Public Finance Guarantee Corporation and MBIA Insurance Corporation. In addition, the information to access the recorded replay of today's call is available on the website via the financial results press release that we issued yesterday.

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