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Consolidated Balance Sheets (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and cash equivalents $ 1,361 $ 1,130
Total assets 31,668 32,279
Liabilities:    
Total liabilities 29,763 29,433
Commitments and contingencies (See Note 13)    
Equity:    
Preferred stock, par value $1 per share; authorized shares-10,000,000; issued and outstanding-none    
Common stock, par value $1 per share; authorized shares-400,000,000; issued shares - 274,922,351 and 274,719,578 275 275
Additional paid-in capital 3,066 3,064
Retained earnings 986 2,124
Accumulated other comprehensive loss, net of deferred tax of $122 and $229 (195) (406)
Treasury stock, at cost - 78,141,872 and 74,973,978 shares (2,251) (2,225)
Total shareholders' equity of MBIA Inc. 1,881 2,832
Preferred stock of subsidiary and noncontrolling interest 24 14
Total equity 1,905 2,846
Total liabilities and equity 31,668 32,279
Non Variable Interest Entities [Member]
    
Assets    
Fixed-maturity securities held as available-for-sale, at fair value 8,155 9,092
Fixed-maturity securities at fair value 183 25
Investments pledged as collateral, at fair value (amortized cost $582 and $548) 599 552
Short-term investments held as available-for-sale, at fair value (amortized cost $1,761 and $2,073) 1,754 2,070
Other investments (includes investments at fair value of $158 and $186) 160 188
Total 10,851 11,927
Cash and cash equivalents 626 366
Accrued investment income 91 95
Premiums receivable 1,429 1,589
Deferred acquisition costs 375 412
Prepaid reinsurance premiums 94 97
Insurance loss recoverable 2,658 2,531
Reinsurance recoverable on paid and unpaid losses 20 15
Goodwill 31 31
Property and equipment, at cost (less accumulated depreciation of $136 and $135) 70 71
Receivable for investments sold 76 8
Derivative assets 3 4
Current income taxes   41
Deferred income taxes, net 1,574 908
Other assets 45 46
Liabilities:    
Unearned premium revenue 3,801 4,145
Loss and loss adjustment expense reserves 865 1,129
Reinsurance premiums payable 69 71
Investment agreements 1,632 2,005
Medium-term notes (includes financial instruments carried at fair value $206 and $116) 1,763 1,740
Securities sold under agreements to repurchase 387 471
Short-term debt   65
Long-term debt 1,843 1,851
Current income taxes 23  
Deferred fee revenue 9 10
Payable for settlement of derivatives and investments purchased 235 2
Derivative liabilities 5,934 4,617
Other liabilities 232 272
Variable Interest Entity, Primary Beneficiary [Member]
    
Assets    
Fixed-maturity securities held as available-for-sale, at fair value 280 339
Fixed-maturity securities at fair value 4,835 5,241
Derivative assets 680 699
Other assets 36 38
Cash 735 764
Investments held-to-maturity, at amortized cost (fair value $3,703 and $3,760) 3,934 4,039
Loans receivable at fair value 2,320 2,183
Loan repurchase commitments 905 835
Total assets 13,700 14,100
Liabilities:    
Long-term debt 360 360
Derivative liabilities 2,160 2,104
Other liabilities 1 1
Variable interest entity notes (includes financial instruments carried at fair value $6,539 and $6,680) 10,449 10,590
Total liabilities $ 13,000 $ 13,100