XML 28 R25.htm IDEA: XBRL DOCUMENT

Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2014

Text Block [Abstract]

Summary Of Nonconsolidated VIEs Assets And Liabilities

					September 30, 2014
											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			$	9,204		$	6,042		$	114		$	29		$	-		$	24		$	-		$	96
		Mortgage-backed residential				14,870			7,906			10			44			548			43			319			-
		Mortgage-backed commercial				590			294			-			1			-			1			-			-
		Consumer asset-backed				6,167			2,063			-			17			-			15			9			-
		Corporate asset-backed				9,572			5,764			1			57			11			67			-			-
	Total global structured finance					40,403			22,069			125			148			559			150			328			96
	Global public finance					52,379			19,320			-			191			-			229			5			-
Total insurance					$	92,782		$	41,389		$	125		$	339		$	559		$	379		$	333		$	96
__________
(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, 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			$	12,565		$	7,693		$	120		$	43		$	-		$	37		$	21		$	108
		Mortgage-backed residential				21,738			9,251			10			53			658			51			327			5
		Mortgage-backed commercial				1,367			447			-			1			-			1			-			-
		Consumer asset-backed				7,830			2,740			9			19			-			19			13			-
		Corporate asset-backed				13,028			7,248			2			80			18			96			-			-
	Total global structured finance					56,528			27,379			141			196			676			204			361			113
	Global public finance					52,317			20,162			-			206			-			248			5			-
Total insurance					$	108,845		$	47,541		$	141		$	402		$	676		$	452		$	366		$	113
__________
(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.