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Loss and Loss Adjustment Expense Reserves (Tables) | 3 Months Ended
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Mar. 31, 2016
Text Block [Abstract] |
Schedule Of Losses And Loss Adjustment Expenses |
|  |  | Three Months Ended March 31, |
| In millions |  | 2016 |  | 2015 |
| U.S. Public Finance Insurance Segment |  | $ | 9 |  | $ | (6) |
| International and Structured Finance Insurance Segment: |  |  |  |  |  |  |
|  | Second-lien RMBS |  |  | 12 |  |  | (8) |
|  | First-lien RMBS |  |  | 26 |  |  | 9 |
|  | Other(1) |  |  | (25) |  |  | (1) |
| Losses and LAE expense (benefit) |  | $ | 22 |  | $ | (6) |
| ________________ |  |  |  |
| (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 |  |  | 55 |  |  | 16 |  |  | 5 |  |  | 333 |  |  | 409
Number of issues(1) |  |  | 12 |  |  | 5 |  |  | 3 |  |  | 121 |  |  | 141
Remaining weighted average contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| period (in years) |  |  | 8.1 |  |  | 6.5 |  |  | 7.6 |  |  | 7.3 |  |  | 7.5
Gross insured contractual payments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| outstanding:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Principal |  | $ | 2,529 |  | $ | 147 |  | $ | 370 |  | $ | 7,902 |  | $ | 10,948
|  | Interest |  |  | 2,713 |  |  | 55 |  |  | 132 |  |  | 3,185 |  |  | 6,085
|  |  | Total |  | $ | 5,242 |  | $ | 202 |  | $ | 502 |  | $ | 11,087 |  | $ | 17,033
Gross Claim Liability |  | $ | - |  | $ | - |  | $ | - |  | $ | 762 |  | $ | 762
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross Potential Recoveries |  |  | - |  |  | - |  |  | - |  |  | 541 |  |  | 541
| Discount, net(3) |  |  | - |  |  | - |  |  | - |  |  | 109 |  |  | 109
Net claim liability (recoverable) |  | $ | - |  | $ | - |  | $ | - |  | $ | 112 |  | $ | 112
Unearned premium revenue |  | $ | 8 |  | $ | 2 |  | $ | 9 |  | $ | 78 |  | $ | 97
__________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(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 |  |  | 57 |  |  | 18 |  |  | 171 |  |  | 165 |  |  | 411
Number of issues(1) |  |  | 12 |  |  | 6 |  |  | 5 |  |  | 117 |  |  | 140
Remaining weighted average contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| period (in years) |  |  | 7.6 |  |  | 6.7 |  |  | 9.6 |  |  | 6.7 |  |  | 7.4
Gross insured contractual payments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| outstanding:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Principal |  | $ | 2,591 |  | $ | 147 |  | $ | 1,996 |  | $ | 6,426 |  | $ | 11,160
|  | Interest |  |  | 2,733 |  |  | 57 |  |  | 1,038 |  |  | 2,419 |  |  | 6,247
|  |  | Total |  | $ | 5,324 |  | $ | 204 |  | $ | 3,034 |  | $ | 8,845 |  | $ | 17,407
Gross Claim Liability |  | $ | - |  | $ | - |  | $ | - |  | $ | 797 |  | $ | 797
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross Potential Recoveries |  |  | - |  |  | - |  |  | - |  |  | 752 |  |  | 752
| Discount, net(3) |  |  | - |  |  | - |  |  | - |  |  | 116 |  |  | 116
Net claim liability (recoverable) |  | $ | - |  | $ | - |  | $ | - |  | $ | (71) |  | $ | (71)
Unearned premium revenue |  | $ | 8 |  | $ | 2 |  | $ | 33 |  | $ | 55 |  | $ | 98
__________
(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, 2016 |  | December 31, 2015 |
| Loss reserves (claim liability) |  | $ | 476 |  | $ | 470 |
| LAE reserves |  |  | 49 |  |  | 46 |
|  | Loss and LAE reserves |  | $ | 525 |  | $ | 516 |
| Insurance claim loss recoverable |  | $ | (407) |  | $ | (571) |
| LAE insurance loss recoverable |  |  | (2) |  |  | (6) |
|  | Insurance loss recoverable |  | $ | (409) |  | $ | (577) |
| Reinsurance recoverable on unpaid losses |  | $ | 5 |  | $ | 6 |
| Reinsurance recoverable on unpaid LAE reserves |  |  | 1 |  |  | - |
|  | Reinsurance recoverable on paid and unpaid losses |  | $ | 6 |  | $ | 6 |
Schedule Of Loss And Loss Adjustment Expenses Reserves |
In millions |  | Changes in Loss and LAE Reserves for the Three Months Ended March 31, 2016 |  |  |
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,
2015 |  | Reserves |  | Discount |  | Rates |  | Assumptions |  | Revenue |  | Reserves |  | Other(1) |  | 2016
$ | 516 |  | $ | (8) |  | $ | 2 |  | $ | 18 |  | $ | 12 |  | $ | (12) |  | $ | 3 |  | $ | (6) |  | $ | 525
____________
(1) - Primarily changes in the 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, 2016 |  |  |
|  |  | Gross |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Gross
|  |  | Reserve |  | Collections |  |  |  |  |  |  |  |  |  |  | Reserve
|  |  | as of |  | for Cases |  | Accretion |  | Changes in |  |  |  |  | Changes in |  |  |  | as of
|  |  | December 31, |  | with |  | of |  | Discount |  | Changes in |  | LAE |  |  |  | March 31,
In millions |  | 2015 |  | Recoveries |  | Recoveries |  | Rates |  | Assumptions |  | Recoveries |  | Other(1) |  | 2016
Insurance loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| recoverable |  | $ | 577 |  | $ | (17) |  | $ | 2 |  | $ | 7 |  | $ | (123) |  | $ | (4) |  | $ | (33) |  | $ | 409
Recoveries on unpaid |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| losses |  |  | 100 |  |  | - |  |  | 1 |  |  | 6 |  |  | (11) |  |  | 5 |  |  | - |  |  | 101
Total |  | $ | 677 |  | $ | (17) |  | $ | 3 |  | $ | 13 |  | $ | (134) |  | $ | 1 |  | $ | (33) |  | $ | 510
____________
(1) Primarily changes in amount and timing of collections.

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- 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 50 -Paragraph 9 -Subparagraph (a)(5), (b)(1) -URI http://asc.fasb.org/extlink&oid=6933314&loc=SL5749324-161292 Reference 2: 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 + Details
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