SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



       Date of Report (Date of earliest event reported): February 9, 2006

                                    MBIA INC.
             (Exact name of registrant as specified in its charter)

           Connecticut                     1-9583                06-1185706
(State or other jurisdiction of   (Commission File Number)     (IRS Employer
         incorporation)                                      Identification No.)

             113 King Street,
             Armonk, New York                                    10504

(Address of principal executive offices)                      (Zip Code)

               Registrant's telephone number, including area code:
                                  914-273-4545


                                 Not Applicable
          (Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))



Item 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

The following information, including the Exhibit to this Form 8-K, is being
furnished pursuant to Item 2.02 - Results of Operations and Financial Condition
of Form 8-K.

On February 9, 2006, MBIA Inc. issued a press release announcing its results of
operations for the year ended December 31, 2005. A copy of the press release is
attached as Exhibit 99.1 to this Form 8-K and is incorporated by reference to
this Item 2.02 as if fully set forth herein.

Item 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

99.1     Press Release issued by MBIA Inc. dated February 9, 2006.

This information is not deemed to be "filed" for the purposes of Section 18 of
the Securities Exchange Act of 1934 and is not incorporated by reference into
any Securities Act registration statements.



                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                           MBIA INC.



                                           By: /s/ Ram D. Wertheim
                                              ----------------------------------
                                               Ram D. Wertheim
                                               General Counsel

Date: February 9, 2006




                   EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
                             Dated February 9, 2006


Exhibit 99.1         Press Release issued by MBIA Inc. dated February 9, 2006.