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MBIA, Inc. (MBI) Yearly Returns

Year	Begining Price	Ending Price	Gain or Loss	Percent Gain or Loss
1988	12.875	19.75	6.875	53.40%
1989	19.75	32.25	12.50	63.29%
1990	32.25	28.25	-4.00	-12.40%
1991	28.25	48.25	20.00	70.80%
1992	48.25	63.50	15.25	31.61%
1993	63.50	62.875	-0.625	-0.98%
1994	62.875	56.125	-6.75	-10.74%
1995	56.125	75.00	18.875	33.63%
1996	75.00	101.25	26.25	35.00%
1997	101.25	133.625*	32.375	31.98%
1998	66.8125	65.5625	-1.25	-1.87%
1999	65.5625	52.8125	-12.75	-19.45%
2000	52.8125	74.125	21.3125	40.36%
2001	74.125	80.445*	6.32	8.53%
2002	53.63	43.86	-9.77	-18.22%
2003	43.86	59.23	15.37	35.04%
2004	59.23	63.28	4.05	6.84%
2005	63.28	60.16	-3.12	-4.93%
2006	60.16	73.06	12.90	21.44%
2007	73.06	18.63	-54.43	-74.50%

*The 1997 ending price for MBIA, Inc. has been adjusted for a 2 for 1 stock split.
*The 2001 ending price for MBIA, Inc. has been adjusted for a 3 for 2 stock split.