Financial Security Assurance Holdings - FSA- Profile

Financial Security Assurance Holdings Ltd. is primarily in the business of providing financial guaranty insurance on asset-backed and municipal obligations. The company operates through its wholly owned subsidiary, Financial Security Assurance Inc. Asset-backed obligations, include obligations backed by residential mortgage loans, auto loans, other consumer receivables, corporate bonds, bank loans, government debt and multifamily mortgage loans. The company also insures investor-owned utility first mortgage bonds. Premiums earned accounted for 65% of 1999 revenues; net investment income, 35% and other income, nominal.