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Variable Interest Entities (Tables)
12 Months Ended
Dec. 31, 2014
Text Block [Abstract]  
Summary Of Nonconsolidated VIEs Assets And Liabilities
December 31, 2014
Carrying Value of AssetsCarrying Value of Liabilities
Loss and Loss
MaximumUnearnedAdjustment
VIEExposurePremiumsInsurance LossPremiumExpenseDerivative
In millionsAssetsto LossInvestments(1)Receivable(2)Recoverable(3)Revenue(4)Reserves(5)Liabilities(6)
Insurance:
Global structured finance:
Collateralized debt obligations$8,613$5,623$110$24$-$20$70$102
Mortgage-backed residential14,1367,45994151839307-
Mortgage-backed commercial571279-1-1--
Consumer asset-backed6,0081,989-16-1412-
Corporate asset-backed6,6124,608-41647--
Total global structured finance35,94019,958119123524121389102
Global public finance49,68616,698-179-211--
Total insurance$85,626$36,656$119$302$524$332$389$102
__________
(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 AssetsCarrying Value of Liabilities
Loss and Loss
MaximumUnearnedAdjustment
VIEExposurePremiumsInsurance LossPremiumExpenseDerivative
In millionsAssetsto LossInvestments(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 residential21,7389,2511053 658513275
Mortgage-backed commercial1,367447-1 -1--
Consumer asset-backed7,8302,740919 -1913-
Corporate asset-backed13,0287,2482801896--
Total global structured finance56,52827,379141196676204361113
Global public finance52,31720,162-206-2485-
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.