XML 90 R27.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Loss and Loss Adjustment Expense Reserves (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2015
Text Block [Abstract] |
Schedule Of Losses And Loss Adjustment Expenses |
|  |  | Three Months Ended March 31, |
| In millions |  | 2015 |  | 2014 |
| U.S. Public Finance Insurance Segment |  | $ | (6) |  | $ | (14) |
| International and Structured Finance Insurance Segment: |  |  |  |  |  |  |
|  | Second-lien RMBS |  |  | (8) |  |  | 25 |
|  | First-lien RMBS |  |  | 9 |  |  | 30 |
|  | Other(1) |  |  | (1) |  |  | 9 |
| Losses and LAE expense (benefit) |  | $ | (6) |  | $ | 50 |
| ________________ |  |  |  |
| (1) - Includes ABS CDOs, CMBS, non-U.S. public finance and other issues. |  |  |  |
Schedule Of Financial Guarantees And Related Claim Liability |
|  |  |  |  | Surveillance Categories
|  |  |  |  | Caution |  | Caution |  | Caution |  |  |  |  |  |
|  |  |  |  | List |  | List |  | List |  | Classified |  |  |
$ in millions |  | Low |  | Medium |  | High |  | List |  | Total
Number of policies |  |  | 31 |  |  | 102 |  |  | 5 |  |  | 172 |  |  | 310
Number of issues(1) |  |  | 16 |  |  | 6 |  |  | 4 |  |  | 119 |  |  | 145
Remaining weighted average contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| period (in years) |  |  | 6.8 |  |  | 12.1 |  |  | 9.4 |  |  | 6.9 |  |  | 7.6
Gross insured contractual payments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| outstanding:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Principal |  | $ | 1,573 |  | $ | 1,375 |  | $ | 156 |  | $ | 7,780 |  | $ | 10,884
|  | Interest |  |  | 593 |  |  | 822 |  |  | 80 |  |  | 2,876 |  |  | 4,371
|  |  | Total |  | $ | 2,166 |  | $ | 2,197 |  | $ | 236 |  | $ | 10,656 |  | $ | 15,255
Gross Claim Liability |  | $ | - |  | $ | - |  | $ | - |  | $ | 791 |  | $ | 791
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross Potential Recoveries |  |  | - |  |  | - |  |  | - |  |  | 719 |  |  | 719
| Discount, net(3) |  |  | - |  |  | - |  |  | - |  |  | 96 |  |  | 96
Net claim liability (recoverable) |  | $ | - |  | $ | - |  | $ | - |  | $ | (24) |  | $ | (24)
Unearned premium revenue |  | $ | 60 |  | $ | 17 |  | $ | 5 |  | $ | 76 |  | $ | 158
__________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) - An “issue” represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments.
(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.
(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries.
|  |  |  |  | Surveillance Categories
|  |  |  |  | Caution |  | Caution |  | Caution |  |  |  |  |  |
|  |  |  |  | List |  | List |  | List |  | Classified |  |  |
$ in millions |  | Low |  | Medium |  | High |  | List |  | Total
Number of policies |  |  | 38 |  |  | 98 |  |  | 4 |  |  | 175 |  |  | 315
Number of issues(1) |  |  | 18 |  |  | 7 |  |  | 3 |  |  | 119 |  |  | 147
Remaining weighted average contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| period (in years) |  |  | 7.2 |  |  | 12.0 |  |  | 10.1 |  |  | 7.0 |  |  | 7.7
Gross insured contractual payments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| outstanding:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Principal |  | $ | 1,757 |  | $ | 1,372 |  | $ | 133 |  | $ | 8,001 |  | $ | 11,263
|  | Interest |  |  | 696 |  |  | 819 |  |  | 68 |  |  | 3,037 |  |  | 4,620
|  |  | Total |  | $ | 2,453 |  | $ | 2,191 |  | $ | 201 |  | $ | 11,038 |  | $ | 15,883
Gross Claim Liability |  | $ | - |  | $ | - |  | $ | - |  | $ | 850 |  | $ | 850
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross Potential Recoveries |  |  | - |  |  | - |  |  | - |  |  | 860 |  |  | 860
| Discount, net(3) |  |  | - |  |  | - |  |  | - |  |  | 14 |  |  | 14
Net claim liability (recoverable) |  | $ | - |  | $ | - |  | $ | - |  | $ | (24) |  | $ | (24)
Unearned premium revenue |  | $ | 63 |  | $ | 19 |  | $ | 5 |  | $ | 80 |  | $ | 167
__________
(1) - An “issue” represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments.
(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.
(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries.
Present Value Of The Probability-Weighted Future Claim Payments And Recoveries |
|  |  |  | As of |  | As of |
| In millions |  | March 31, 2015 |  | December 31, 2014 |
| Loss reserves (claim liability) |  | $ | 464 |  | $ | 464 |
| LAE reserves |  |  | 35 |  |  | 42 |
|  | Loss and LAE reserves |  | $ | 499 |  | $ | 506 |
| Insurance claim loss recoverable |  | $ | (527) |  | $ | (533) |
| LAE insurance loss recoverable |  |  | - |  |  | - |
|  | Insurance loss recoverable |  | $ | (527) |  | $ | (533) |
| Reinsurance recoverable on unpaid losses |  | $ | 6 |  | $ | 6 |
| Reinsurance recoverable on unpaid LAE reserves |  |  | 1 |  |  | 1 |
|  | Reinsurance recoverable on paid and unpaid losses |  | $ | 7 |  | $ | 7 |
Schedule Of Loss And Loss Adjustment Expenses Reserves |
In millions |  | Changes in Loss and LAE Reserves for the Three Months Ended March 31, 2015 |  |  |
Gross Loss |  | Loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Gross Loss
and LAE |  | Payments |  | Accretion |  |  |  |  |  |  |  | Changes in |  |  |  |  |  |  |  | and LAE
Reserves as of |  | for Cases |  | of Claim |  | Changes in |  |  |  | Unearned |  | Changes in |  |  |  | Reserves as of
December 31, |  | with |  | Liability |  | Discount |  | Changes in |  | Premium |  | LAE |  |  |  | March 31,
2014 |  | Reserves |  | Discount |  | Rates |  | Assumptions |  | Revenue |  | Reserves |  | Other(1) |  | 2015
$ | 506 |  | $ | (11) |  | $ | 2 |  | $ | 3 |  | $ | 8 |  | $ | 5 |  | $ | (7) |  | $ | (7) |  | $ | 499
____________
(1) - Primarily changes in amount and timing of payments.
Schedule Of Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses |
|  |  |  |  |  | Changes in Insurance Loss Recoverable and Recoveries on Unpaid Losses |  |  |
|  |  |  |  |  | for the Three Months Ended March 31, 2015 |  |  |
|  |  |  |  | Collections |  |  |  |  |  |  |  |  |  |  |
|  |  | As of |  | for Cases |  | Accretion |  | Changes in |  |  |  |  | Changes in |  |  |  | As of
|  |  | December 31, |  | with |  | of |  | Discount |  | Changes in |  | LAE |  |  |  | March 31,
In millions |  | 2014 |  | Recoveries |  | Recoveries |  | Rates |  | Assumptions |  | Recoveries |  | Other(1) |  | 2015
Insurance loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| recoverable |  | $ | 533 |  | $ | (21) |  | $ | 2 |  | $ | 5 |  | $ | 14 |  | $ | - |  | $ | (6) |  | $ | 527
Recoveries on unpaid |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| losses |  |  | 147 |  |  | - |  |  | 1 |  |  | 3 |  |  | (40) |  |  | (1) |  |  | - |  |  | 110
Total |  | $ | 680 |  | $ | (21) |  | $ | 3 |  | $ | 8 |  | $ | (26) |  | $ | (1) |  | $ | (6) |  | $ | 637
____________
(1) Primarily changes in amount and timing of collections.

X
- Definition Schedule Of Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses [Text Block] + References No definition available. + Details
Name: | mbi_ScheduleOfInsuranceLossRecoverableAndChangesInRecoveriesOnUnpaidLossesTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Insurance Loss Reserves And Recoverables For Insured Obligations [Text Block] + References No definition available. + Details
Name: | mbi_ScheduleOfInsuranceLossReservesAndRecoverablesForInsuredObligationsTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Loss And Loss Adjustment Expense Reserve [Text Block] + References No definition available. + Details
Name: | mbi_ScheduleOfLossAndLossAdjustmentExpenseReserveTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Losses And Loss Adjustment Expenses [Table Text Block] + References No definition available. + Details
Name: | mbi_ScheduleOfLossesAndLossAdjustmentExpensesTableTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of insured financial obligations with credit deterioration related to the claim liability on financial guarantee insurance contracts as of the end of each annual and interim reporting period detailing, at a minimum, the following for each surveillance category or grouping used to track and monitor the entity's insured financial obligations: (1) number of issued and outstanding financial guarantee insurance contracts; (2) remaining weighted average contract period; (3) insured contractual payments outstanding, segregating principal and interest; (4) gross claim liability; (5) gross potential recoveries; (6) net discount of both the claim liability and potential recoveries; (7) net claim liability; (8) reinsurance recoverable; and (9) unearned premium revenue. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 55 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=34726416&loc=SL5751140-161288 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 9 -Subparagraph (a)(5), (b)(1) -URI http://asc.fasb.org/extlink&oid=6933314&loc=SL5749324-161292 + Details
Name: | us-gaap_ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationTextBlock
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