Schedule I- Investments

12 Months Ended

Dec. 31, 2014

Summary of Investments, Other than Investments in Related Parties [Abstract]

Schedule I - Summary Of Investments, Other Than Investments In Related Parties

SCHEDULE I
MBIA INC. AND SUBSIDIARIES
SUMMARY OF INVESTMENTS, OTHER THAN INVESTMENTS IN RELATED PARTIES
December 31, 2014
(In millions)

					December 31, 2014
									Amount at
									which shown
									in the
Type of investment					Cost		Fair Value		balance sheet
Available-for-sale:
	U.S. Treasury and government agency				$	446	$	482	$	482
	State and municipal bonds					1,613		1,699		1,699
	Foreign governments					223		230		230
	Corporate obligations					1,434		1,386		1,386
	Mortgage-backed securities:
		Residential mortgage-backed agency				1,111		1,122		1,122
		Residential mortgage-backed non-agency				50		49		49
		Commercial mortgage-backed				17		17		17
	Asset-backed securities:
		Collateralized debt obligations				84		66		66
		Other asset-backed				184		174		174
			Total long-term available-for-sale			5,162		5,225		5,225
	Short-term available-for-sale					1,335		1,333		1,333
	Equity available-for-sale					12		13		13
			Total available-for-sale			6,509		6,571		6,571
Investments at fair value						256		255		255
Other investments						4		4		4
			Total investments		$	6,769	$	6,830	$	6,830
Assets of consolidated variable interest entities:
	Investments at fair value					298		421		421
	Held-to-maturity:
		Corporate obligations				2,757		2,632		2,757
				Total investments of consolidated variable interest entities	$	3,055	$	3,053	$	3,178

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

+ References+ Details