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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets    
Cash and cash equivalents $ 1,006 $ 990
Deferred income taxes, net 1,300  
Total assets 18,122 21,724
Liabilities:    
Total liabilities 15,085 18,530
Commitments and contingencies (See Note 14)      
Equity:    
Preferred stock, par value $1 per share; authorized shares--10,000,000; issued and outstanding--none 0 0
Common stock, par value $1 per share; authorized shares--400,000,000; issued shares--277,804,712 and 277,405,039 278 277
Additional paid-in capital 3,108 3,076
Retained earnings 2,025 2,039
Accumulated other comprehensive income (loss), net of tax of $33 and $21 (86) 56
Treasury stock, at cost--84,837,343 and 81,733,530 shares (2,309) (2,275)
Total shareholders' equity of MBIA Inc. 3,016 3,173
Preferred stock of subsidiary and noncontrolling interest 21 21
Total equity 3,037 3,194
Total liabilities and equity 18,122 21,724
Non Variable Interest Entity [Member]
    
Assets    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $3,999 and $4,347)Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $321 and $637) 3,995 4,485
Fixed-maturity securities at fair value 247 244
Investments pledged as collateral, at fair value (amortized cost $396 and $489) 319 443
Short-term investments held as available-for-sale, at fair value (amortized cost $1,942 and $662) 1,943 669
Other investments (includes investments at fair value of $13 and $12) 22 21
Total investments 6,526 5,862
Cash and cash equivalents 928 814
Premiums receivable 1,106 1,228
Deferred acquisition costs 278 302
Insurance loss recoverable 907 3,648
Property and equipment, at cost (less accumulated depreciation of $145 and $146) 67 69
Deferred income taxes, net 1,287 1,199
Other assets 236 268
Liabilities:    
Unearned premium revenue 2,640 2,938
Loss and loss adjustment expense reserves 774 853
Investment agreements 775 944
Medium-term notes (includes financial instruments carried at fair value of $188 and $165) 1,561 1,598
Long-term debt 1,524 1,662
Derivative liabilities 1,655 2,934
Other liabilities 431 315
Variable Interest Entity Primary Beneficiary [Member]
    
Assets    
Cash 78 176
Investments held-to-maturity, at amortized cost (fair value $2,690 and $2,674) 2,818 2,829
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $3,999 and $4,347)Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $321 and $637) 321 625
Fixed-maturity securities at fair value 663 1,735
Loans receivable at fair value 1,790 1,881
Loan repurchase commitments 1,115 1,086
Other assets 2 2
Liabilities:    
Variable interest entity notes (includes financial instruments carried at fair value of $2,590 and $3,659) 5,707 7,124
Derivative liabilities $ 18 $ 162