XML 81 R45.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Business Segments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Text Block [Abstract] |
Summary of company's segment results |
|  |  |  | Year Ended December 31, 2013
|  |  |  | U.S. |  | Structured |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Public |  | Finance and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Finance |  | International |  | Advisory |  |  |  |  | Wind-down |  |  |  |  |  |  |
In millions |  | Insurance |  | Insurance |  | Services |  | Corporate |  | Operations |  | Eliminations |  |  | Consolidated
Revenues(1) |  | $ | 425 |  | $ | 150 |  | $ | 16 |  | $ | 19 |  | $ | 34 |  | $ | - |  |  | $ | 644
Net change in fair value of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| insured derivatives |  |  | 3 |  |  | 229 |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | 232
Net gains (losses) on financial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 29 |  |  | 28 |  |  | 1 |  |  | 34 |  |  | (23) |  |  | - |  |  |  | 69
Net investment losses related |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| to other-than-temporary |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net gains (losses) on |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| extinguishment of debt |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 22 |  |  | 38 | (3) |  |  | 60
Other net realized gains (losses) |  |  | (29) |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | (29)
Revenues of consolidated VIEs |  |  | - |  |  | 233 |  |  | - |  |  | (10) |  |  | 10 |  |  | - |  |  |  | 233
Inter-segment revenues(2) |  |  | 90 |  |  | 78 |  |  | 26 |  |  | 71 |  |  | (12) |  |  | (253) |  |  |  | -
|  | Total revenues |  |  | 518 |  |  | 718 |  |  | 43 |  |  | 114 |  |  | 31 |  |  | (215) |  |  |  | 1,209
Losses and loss adjustment |  |  | 105 |  |  | 12 |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | 117
Operating |  |  | 66 |  |  | 108 |  |  | 53 |  |  | 155 |  |  | 2 |  |  | - |  |  |  | 384
Interest |  |  | - |  |  | 112 |  |  | - |  |  | 48 |  |  | 76 |  |  | - |  |  |  | 236
Expenses of consolidated VIEs |  |  | - |  |  | 50 |  |  | - |  |  | - |  |  | 6 |  |  | - |  |  |  | 56
Inter-segment expenses(2) |  |  | 96 |  |  | 136 |  |  | 7 |  |  | 11 |  |  | 33 |  |  | (283) |  |  |  | -
|  | Total expenses |  |  | 267 |  |  | 418 |  |  | 60 |  |  | 214 |  |  | 117 |  |  | (283) |  |  |  | 793
Income (loss) before income taxes |  | $ | 251 |  | $ | 300 |  | $ | (17) |  | $ | (100) |  | $ | (86) |  | $ | 68 |  |  | $ | 416
Identifiable assets |  | $ | 6,056 |  | $ | 11,696 |  | $ | 44 |  | $ | 1,265 |  | $ | 1,647 |  | $ | (3,755) | (4) |  | $ | 16,953
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements, investment management fees and
other fees.
(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses, intercompany interest income and expense pertaining to
intercompany receivables and payables and intercompany loans.
(3) - Represents the gain on the debt received as consideration in connection with the BofA Settlement Agreement.
(4) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.
|  |  |  | Year Ended December 31, 2012
|  |  |  | U.S. |  | Structured |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Public |  | Finance and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Finance |  | International |  | Advisory |  |  |  |  | Wind-down |  |  |  |  |  |  |
In millions |  | Insurance |  | Insurance |  | Services |  | Corporate |  | Operations |  | Eliminations |  |  | Consolidated
Revenues(1) |  | $ | 548 |  | $ | 243 |  | $ | 21 |  | $ | 15 |  | $ | 53 |  | $ | - |  |  | $ | 880
Net change in fair value of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| insured derivatives |  |  | 1 |  |  | 1,463 |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | 1,464
Net gains (losses) on financial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 121 |  |  | 93 |  |  | (1) |  |  | 18 |  |  | (176) |  |  | - |  |  |  | 55
Net investment losses related |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| to other-than-temporary |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| impairments |  |  | - |  |  | (45) |  |  | - |  |  | (4) |  |  | (56) |  |  | - |  |  |  | (105)
Net gains (losses) on |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| extinguishment of debt |  |  | - |  |  | - |  |  | - |  |  | (2) |  |  | 2 |  |  | - |  |  |  | -
Other net realized gains (losses) |  |  | - |  |  | 1 |  |  | - |  |  | 5 |  |  | 1 |  |  | - |  |  |  | 7
Revenues of consolidated VIEs |  |  | - |  |  | 71 |  |  | - |  |  | - |  |  | 63 |  |  | - |  |  |  | 134
Inter-segment revenues(2) |  |  | 168 |  |  | 45 |  |  | 34 |  |  | 176 |  |  | (14) |  |  | (409) |  |  |  | -
|  | Total revenues |  |  | 838 |  |  | 1,871 |  |  | 54 |  |  | 208 |  |  | (127) |  |  | (409) |  |  |  | 2,435
Losses and loss adjustment |  |  | 21 |  |  | 29 |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | 50
Operating |  |  | 124 |  |  | 147 |  |  | 46 |  |  | 109 |  |  | 5 |  |  | - |  |  |  | 431
Interest |  |  | - |  |  | 132 |  |  | - |  |  | 57 |  |  | 95 |  |  | - |  |  |  | 284
Expenses of consolidated VIEs |  |  | - |  |  | 59 |  |  | - |  |  | - |  |  | 13 |  |  | - |  |  |  | 72
Inter-segment expenses(2) |  |  | 124 |  |  | 208 |  |  | 13 |  |  | 14 |  |  | 116 |  |  | (475) |  |  |  | -
|  | Total expenses |  |  | 269 |  |  | 575 |  |  | 59 |  |  | 180 |  |  | 229 |  |  | (475) |  |  |  | 837
Income (loss) before income taxes |  | $ | 569 |  | $ | 1,296 |  | $ | (5) |  | $ | 28 |  | $ | (356) |  | $ | 66 |  |  | $ | 1,598
Identifiable assets |  | $ | 6,887 |  | $ | 17,264 |  | $ | 46 |  | $ | 828 |  | $ | 2,539 |  | $ | (5,840) | (3) |  | $ | 21,724
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements, investment management fees and
other fees.
(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to
intercompany receivables and payables and intercompany loans.
(3) - Consists of intercompany reinsurance balances, repurchase agreements, deferred taxes and loans.
|  |  |  | Year Ended December 31, 2011
|  |  |  | U.S. |  | Structured |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Public |  | Finance and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Finance |  | International |  | Advisory |  |  |  |  | Wind-down |  |  |  |  |  |  |
In millions |  | Insurance |  | Insurance |  | Services |  | Corporate |  | Operations |  | Eliminations |  |  | Consolidated
Revenues(1) |  | $ | 599 |  | $ | 319 |  | $ | 26 |  | $ | 4 |  | $ | 90 |  | $ | - |  |  | $ | 1,038
Net change in fair value of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| insured derivatives |  |  | 2 |  |  | (2,814) |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | (2,812)
Net gains (losses) on financial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 96 |  |  | 58 |  |  | - |  |  | 23 |  |  | (276) |  |  | - |  |  |  | (99)
Net investment losses related |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| to other-than-temporary |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| impairments |  |  | - |  |  | (62) |  |  | - |  |  | (8) |  |  | (31) |  |  | - |  |  |  | (101)
Net gains (losses) on |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| extinguishment of debt |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 24 |  |  | 2 |  |  |  | 26
Other net realized gains (losses) |  |  | (31) |  |  | 1 |  |  | - |  |  | 25 |  |  | 4 |  |  | - |  |  |  | (1)
Revenues of consolidated VIEs |  |  | - |  |  | 361 |  |  | - |  |  | - |  |  | 31 |  |  | - |  |  |  | 392
Inter-segment revenues(2) |  |  | 79 |  |  | 91 |  |  | 41 |  |  | 152 |  |  | (23) |  |  | (340) |  |  |  | -
|  | Total revenues |  |  | 745 |  |  | (2,046) |  |  | 67 |  |  | 196 |  |  | (181) |  |  | (338) |  |  |  | (1,557)
Losses and loss adjustment |  |  | 4 |  |  | (84) |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | (80)
Operating |  |  | 52 |  |  | 166 |  |  | 58 |  |  | 92 |  |  | 3 |  |  | - |  |  |  | 371
Interest |  |  | - |  |  | 133 |  |  | - |  |  | 58 |  |  | 109 |  |  | - |  |  |  | 300
Expenses of consolidated VIEs |  |  | - |  |  | 70 |  |  | - |  |  | - |  |  | 21 |  |  | - |  |  |  | 91
Inter-segment expenses(2) |  |  | 114 |  |  | 124 |  |  | 6 |  |  | 22 |  |  | 95 |  |  | (361) |  |  |  | -
|  | Total expenses |  |  | 170 |  |  | 409 |  |  | 64 |  |  | 172 |  |  | 228 |  |  | (361) |  |  |  | 682
Income (loss) before income taxes |  | $ | 575 |  | $ | (2,455) |  | $ | 3 |  | $ | 24 |  | $ | (409) |  | $ | 23 |  |  | $ | (2,239)
Identifiable assets |  | $ | 7,848 |  | $ | 19,985 |  | $ | 53 |  | $ | 829 |  | $ | 5,203 |  | $ | (7,045) | (3) |  | $ | 26,873
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements, investment management fees and
other fees.
(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses, and intercompany interest income and expense pertaining to
intercompany receivables and payables.
(3) - Consists of intercompany reinsurance balances, repurchase agreements and loans.
Summary Of premiums earned on financial guarantees and insured derivatives by geographic location of risk |
|  |  |  | Years Ended December 31, |
| In millions |  |  | 2013 |  |  | 2012 |  |  | 2011 |
| Total premiums earned: |  |  |  |  |  |  |  |  |  |
|  | United States |  | $ | 391 |  | $ | 530 |  | $ | 545 |
|  | United Kingdom |  |  | 34 |  |  | 36 |  |  | 37 |
|  | Europe (excluding United Kingdom) |  |  | 11 |  |  | 15 |  |  | 29 |
|  | Internationally diversified |  |  | 9 |  |  | 16 |  |  | 33 |
|  | Central and South America |  |  | 36 |  |  | 48 |  |  | 36 |
|  | Asia |  |  | 4 |  |  | 5 |  |  | 15 |
|  | Other |  |  | 9 |  |  | 11 |  |  | 13 |
| Total |  | $ | 494 |  | $ | 661 |  | $ | 708 |
Summary Of Segments Within Wind-Down Operations |
|  |  |  | Year Ended December 31, 2013
|  |  |  | Asset / |  |  |  |  |  |  |  | Total Wind-
|  |  |  | Liability |  |  |  |  |  |  |  | down
In millions |  | Products |  | Conduits |  | Eliminations |  | Operations
Revenues(1) |  | $ | 34 |  | $ | - |  | $ | - |  | $ | 34
Net gains (losses) on financial |  |  |  |  |  |  |  |  |  |  |  |
| instruments at fair value and foreign |  |  |  |  |  |  |  |  |  |  |  |
| exchange |  |  | (23) |  |  | - |  |  | - |  |  | (23)
Net investment losses related to other- |  |  |  |  |  |  |  |  |  |  |  |
Net gains (losses) on extinguishment |  |  |  |  |  |  |  |  |  |  |  |
| of debt |  |  | 22 |  |  | - |  |  | - |  |  | 22
Revenues of consolidated VIEs |  |  | - |  |  | 10 |  |  | - |  |  | 10
Inter-segment revenues(2) |  |  | (10) |  |  | (9) |  |  | 7 |  |  | (12)
|  | Total revenues |  |  | 23 |  |  | 1 |  |  | 7 |  |  | 31
Operating |  |  | 2 |  |  | - |  |  | - |  |  | 2
Interest |  |  | 76 |  |  | - |  |  | - |  |  | 76
Expenses of consolidated VIEs |  |  | - |  |  | 6 |  |  | - |  |  | 6
Inter-segment expenses(2) |  |  | 7 |  |  | 26 |  |  | - |  |  | 33
|  | Total expenses |  |  | 85 |  |  | 32 |  |  | - |  |  | 117
Income (loss) before income taxes |  | $ | (62) |  | $ | (31) |  | $ | 7 |  | $ | (86)
Identifiable assets |  | $ | 1,468 |  | $ | 178 |  | $ | 1 |  | $ | 1,647
_______________ |  |  |  |  |  |  |  |  |  |  |  |
(1) - Represents the sum of third-party interest income, investment management services fees and other fees.
(2) - Represents intercompany asset management fees and expenses plus intercompany interest income and expense pertaining to intercompany debt.
|  |  |  | Year Ended December 31, 2012
|  |  |  | Asset / |  |  |  |  |  |  |  | Total Wind-
|  |  |  | Liability |  |  |  |  |  |  |  | down
In millions |  | Products |  | Conduits |  | Eliminations |  | Operations
Revenues(1) |  | $ | 53 |  | $ | - |  | $ | - |  | $ | 53
Net gains (losses) on financial |  |  |  |  |  |  |  |  |  |  |  |
| instruments at fair value and foreign |  |  |  |  |  |  |  |  |  |  |  |
| exchange |  |  | (176) |  |  | - |  |  | - |  |  | (176)
Net investment losses related to other- |  |  |  |  |  |  |  |  |  |  |  |
| than-temporary impairments |  |  | (56) |  |  | - |  |  | - |  |  | (56)
Net gains (losses) on extinguishment |  |  |  |  |  |  |  |  |  |  |  |
| of debt |  |  | 2 |  |  | - |  |  | - |  |  | 2
Other net realized gains (losses) |  |  | 1 |  |  | - |  |  | - |  |  | 1
Revenues of consolidated VIEs |  |  | - |  |  | 63 |  |  | - |  |  | 63
Inter-segment revenues(2) |  |  | (10) |  |  | (2) |  |  | (2) |  |  | (14)
|  | Total revenues |  |  | (186) |  |  | 61 |  |  | (2) |  |  | (127)
Operating |  |  | 5 |  |  | - |  |  | - |  |  | 5
Interest |  |  | 95 |  |  | - |  |  | - |  |  | 95
Expenses of consolidated VIEs |  |  | - |  |  | 13 |  |  | - |  |  | 13
Inter-segment expenses(2) |  |  | 19 |  |  | 97 |  |  | - |  |  | 116
|  | Total expenses |  |  | 119 |  |  | 110 |  |  | - |  |  | 229
Income (loss) before income taxes |  | $ | (305) |  | $ | (49) |  | $ | (2) |  | $ | (356)
Identifiable assets |  | $ | 1,877 |  | $ | 694 |  | $ | (32) |  | $ | 2,539
_______________ |  |  |  |  |  |  |  |  |  |  |  |
(1) - Represents the sum of third-party interest income, investment management services fees and other fees.
(2) - Represents intercompany asset management fees and expenses plus intercompany interest income and expense pertaining to intercompany debt.
|  |  |  | Year Ended December 31, 2011
|  |  |  | Asset / |  |  |  |  |  |  |  | Total Wind-
|  |  |  | Liability |  |  |  |  |  |  |  | down
In millions |  | Products |  | Conduits |  | Eliminations |  | Operations
Revenues(1) |  | $ | 90 |  | $ | - |  | $ | - |  | $ | 90
Net gains (losses) on financial |  |  |  |  |  |  |  |  |  |  |  |
| instruments at fair value and foreign |  |  |  |  |  |  |  |  |  |  |  |
| exchange |  |  | (276) |  |  | - |  |  | - |  |  | (276)
Net investment losses related to other- |  |  |  |  |  |  |  |  |  |  |  |
| than-temporary impairments |  |  | (31) |  |  | - |  |  | - |  |  | (31)
Net gains (losses) on extinguishment |  |  |  |  |  |  |  |  |  |  |  |
| of debt |  |  | 24 |  |  | - |  |  | - |  |  | 24
Other net realized gains (losses) |  |  | 4 |  |  | - |  |  | - |  |  | 4
Revenues of consolidated VIEs |  |  | 11 |  |  | 20 |  |  | - |  |  | 31
Inter-segment revenues(2) |  |  | (19) |  |  | (4) |  |  | - |  |  | (23)
|  | Total revenues |  |  | (197) |  |  | 16 |  |  | - |  |  | (181)
Operating |  |  | 3 |  |  | - |  |  | - |  |  | 3
Interest |  |  | 109 |  |  | - |  |  | - |  |  | 109
Expenses of consolidated VIEs |  |  | 2 |  |  | 19 |  |  | - |  |  | 21
Inter-segment expenses(2) |  |  | 29 |  |  | 66 |  |  | - |  |  | 95
|  | Total expenses |  |  | 143 |  |  | 85 |  |  | - |  |  | 228
Income (loss) before income taxes |  | $ | (340) |  | $ | (69) |  | $ | - |  | $ | (409)
Identifiable assets |  | $ | 3,752 |  | $ | 1,531 |  | $ | (80) |  | $ | 5,203
_______________ |  |  |  |  |  |  |  |  |  |  |  |
(1) - Represents the sum of third-party interest income, investment management services fees and other fees.
(2) - Represents intercompany asset management fees and expenses plus intercompany interest income and expense pertaining to intercompany debt.

X
- Definition This element shows Premiums earned on financial guarantees and insured derivatives within the company's insurance segments by geographic location of risk. + References No definition available. + Details
Name: | mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition This element may be used to capture the complete disclosure for the identification, description and amounts of all significant reconciling items in the reconciliation of total profit or loss from the segments within the wind-down operations to the total of all wind-down operations income before income taxes, extraordinary items, discontinued operations and the cumulative effect of changes in accounting principles. + References No definition available. + Details
Name: | mbi_ScheduleOfSegmentInformationInWindDownOperationsTableTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_TextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration