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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Assets    
Cash and cash equivalents $ 855 $ 633
Deferred income taxes, net 1,600  
Total assets 26,126 26,873
Liabilities:    
Total liabilities 24,245 25,150
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 - 275,488,914 and 274,896,162 275 275
Additional paid-in capital 3,070 3,072
Retained earnings 815 805
Accumulated other comprehensive loss, net of deferred tax of $33 and $105 (26) (176)
Treasury stock, at cost - 81,750,127 and 81,752,966 shares (2,276) (2,276)
Total shareholders' equity of MBIA Inc. 1,858 1,700
Preferred stock of subsidiary and noncontrolling interest 23 23
Total equity 1,881 1,723
Total liabilities and equity 26,126 26,873
Non Variable Interest Entities [Member]
    
Assets    
Fixed-maturity securities held as available-for-sale, at fair value 5,596 6,177
Fixed-maturity securities at fair value 226 295
Investments pledged as collateral, at fair value (amortized cost $533 and $642) 462 543
Short-term investments held as available-for-sale, at fair value (amortized cost $1,711 and $1,577) 1,705 1,571
Other investments (includes investments at fair value of $57 and $96) 68 107
Total investments 8,057 8,693
Cash and cash equivalents 711 473
Premiums receivable 1,344 1,360
Deferred acquisition costs 340 351
Prepaid reinsurance premiums 86 88
Insurance loss recoverable 3,137 3,046
Reinsurance recoverable on paid and unpaid losses 15 16
Property and equipment, at cost (less accumulated depreciation of $141 and $139) 68 69
Receivable for investments sold 98 32
Derivative assets 12 2
Deferred income taxes, net 1,635 1,745
Other assets 101 105
Liabilities:    
Unearned premium revenue 3,381 3,515
Loss and loss adjustment expense reserves 867 836
Investment agreements 1,576 1,578
Medium-term notes (includes financial instruments carried at fair value $174 and $165) 1,692 1,656
Securities sold under agreements to repurchase 149 287
Long-term debt 1,839 1,840
Payable for investments purchased 35 3
Derivative liabilities 4,830 5,164
Other liabilities 368 388
Variable Interest Entity [Member]
    
Assets    
Fixed-maturity securities held as available-for-sale, at fair value 856 432
Fixed-maturity securities at fair value 2,883 2,884
Derivative assets 445 450
Other assets   1
Cash 144 160
Investments held-to-maturity, at amortized cost (fair value $2,871 and $3,489) 3,093 3,843
Loans receivable at fair value 2,025 2,046
Loan repurchase commitments 1,076 1,077
Total assets 10,500 10,900
Liabilities:    
Long-term debt   360
Derivative liabilities 803 825
Other liabilities 1 1
Variable interest entity notes (includes financial instruments carried at fair value $4,761 and $4,754) 8,704 8,697
Total liabilities $ 9,500 $ 9,900