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Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Summary Of Nonconsolidated VIEs Assets And Liabilities

					September 30, 2013
											Carrying Value of Assets									Carrying Value of Liabilities
																							Loss and Loss
								Maximum												Unearned			Adjustment
					VIE			Exposure						Premiums			Insurance Loss			Premium			Expense			Derivative
In millions					Assets			to Loss			Investments⁽¹⁾			Receivable⁽²⁾			Recoverable⁽³⁾			Revenue⁽⁴⁾			Reserves⁽⁵⁾			Liabilities⁽⁶⁾
Insurance:
	Global structured finance:
		Collateralized debt obligations			$	13,564		$	7,972		$	118		$	45		$	5		$	38		$	26		$	94
		Mortgage-backed residential				22,400			9,915			11			57			696			56			374			5
		Mortgage-backed commercial				2,010			1,102			0			1			0			1			0			0
		Consumer asset-backed				6,788			2,888			9			21			0			20			17			0
		Corporate asset-backed				14,258			7,817			0			87			19			103			0			0
	Total global structured finance					59,020			29,694			138			211			720			218			417			99
	Global public finance					51,060			20,258			0			205			0			250			5			0
Total insurance					$	110,080		$	49,952		$	138		$	416		$	720		$	468		$	422		$	99
__________
(1) - Reported within "Investments" on MBIA's consolidated balance sheets.
(2) - Reported within "Premiums receivable" on MBIA's consolidated balance sheets.
(3) - Reported within "Insurance loss recoverable" on MBIA's consolidated balance sheets.
(4) - Reported within "Unearned premium revenue" on MBIA's consolidated balance sheets.
(5) - Reported within "Loss and loss adjustment expense reserves" on MBIA's consolidated balance sheets.
(6) - Reported within "Derivative liabilities" on MBIA's consolidated balance sheets.

					December 31, 2012
											Carrying Value of Assets									Carrying Value of Liabilities
																							Loss and Loss
								Maximum												Unearned			Adjustment
					VIE			Exposure						Premiums			Insurance Loss			Premium			Expense			Derivative
In millions					Assets			to Loss			Investments⁽¹⁾			Receivable⁽²⁾			Recoverable⁽³⁾			Revenue⁽⁴⁾			Reserves⁽⁵⁾			Liabilities⁽⁶⁾
Insurance:
	Global structured finance:
		Collateralized debt obligations			$	16,925		$	10,873		$	0		$	62		$	5		$	55		$	37		$	74
		Mortgage-backed residential				34,061			13,075			11			77			3,278			75			440			4
		Mortgage-backed commercial				4,801			2,432			-			2			-			2			-			-
		Consumer asset-backed				5,820			3,086			10			19			-			19			21			-
		Corporate asset-backed				19,980			9,981			0			123			13			140			-			0
	Total global structured finance					81,587			39,447			21			283			3,296			291			498			78
	Global public finance					39,259			21,346			-			220			-			267			4			-
Total insurance					$	120,846		$	60,793		$	21		$	503		$	3,296		$	558		$	502		$	78
__________
(1) - Reported within "Investments" on MBIA's consolidated balance sheets.
(2) - Reported within "Premiums receivable" on MBIA's consolidated balance sheets.
(3) - Reported within "Insurance loss recoverable" on MBIA's consolidated balance sheets.
(4) - Reported within "Unearned premium revenue" on MBIA's consolidated balance sheets.
(5) - Reported within "Loss and loss adjustment expense reserves" on MBIA's consolidated balance sheets.
(6) - Reported within "Derivative liabilities" on MBIA's consolidated balance sheets.