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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Assets    
Cash and cash equivalents $ 492 $ 782
Insurance loss recoverable 437 533
Assets held for sale 0 802
Deferred income taxes, net 1,000 1,000
Investments held-to-maturity, at amortized cost (fair value $2,442 and $2,632) 2,707 2,757
Total assets 15,051 16,284
Liabilities:    
Liabilities held for sale 0 772
Total liabilities $ 11,337 $ 12,334
Commitments and contingencies (See Note 13)
Equity:    
Preferred stock, par value $1 per share; authorized shares--10,000,000; issued and outstanding--none $ 0 $ 0
Common stock, par value $1 per share; authorized shares--400,000,000; issued shares--281,820,698 and 281,352,782 282 281
Additional paid-in capital 3,133 3,128
Retained earnings 2,956 2,858
Accumulated other comprehensive income (loss), net of tax of $23 and $7 (10) 21
Treasury stock, at cost--128,874,339 and 89,409,887 shares (2,659) (2,359)
Total shareholders' equity of MBIA Inc. 3,702 3,929
Preferred stock of subsidiary and noncontrolling interest 12 21
Total equity 3,714 3,950
Total liabilities and equity 15,051 16,284
Non Variable Interest Entity [Member]    
Assets    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $5,177 and $5,036) 5,221 5,129
Investments carried at fair value 176 207
Investments pledged as collateral, at fair value (amortized cost $298 and $441) 272 408
Short-term investments held as available-for-sale, at fair value (amortized cost $828 and $1,069) 829 1,069
Other investments (includes investments at fair value of $13 and $13) 16 17
Total investments 6,514 6,830
Cash and cash equivalents 462 729
Premiums receivable 789 875
Deferred acquisition costs 182 217
Insurance loss recoverable 437 533
Deferred income taxes, net 996 1,028
Other assets 198 229
Liabilities:    
Unearned premium revenue 1,699 1,986
Loss and loss adjustment expense reserves 480 506
Long-term debt 1,882 1,810
Medium-term notes (includes financial instruments carried at fair value of $170 and $197) 1,033 1,201
Investment agreements 485 547
Derivative liabilities 339 437
Other liabilities 196 271
Variable Interest Entity Primary Beneficiary [Member]    
Assets    
Investments carried at fair value 985 421
Cash 30 53
Investments held-to-maturity, at amortized cost (fair value $2,442 and $2,632) 2,707 2,757
Loans receivable at fair value 1,351 1,431
Loan repurchase commitments 394 379
Derivative assets 6 0
Liabilities:    
Derivative liabilities 57 0
Variable interest entity notes (includes financial instruments carried at fair value of $2,460 and $2,047) $ 5,166 $ 4,804