XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Business Segments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2016
Text Block [Abstract] |
Summary of company's segment results |
|  |  |  | Three Months Ended June 30, 2016
|  |  |  | U.S. |  |  |  | International |  |  |  |  |  |
|  |  |  | Public |  |  |  | and Structured |  |  |  |  |  |
|  |  |  | Finance |  |  |  | Finance |  |  |  |  |  |
In millions |  | Insurance |  | Corporate |  | Insurance |  | Eliminations |  | Consolidated
Revenues(1) |  | $ | 82 |  | $ | 6 |  | $ | 23 |  | $ | - |  | $ | 111
Net change in fair value of insured derivatives |  |  | - |  |  | - |  |  | (8) |  |  | - |  |  | (8)
Net gains (losses) on financial instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 25 |  |  | (19) |  |  | 8 |  |  | - |  |  | 14
Net gains (losses) on extinguishment of debt |  |  | - |  |  | 3 |  |  | - |  |  | - |  |  | 3
Other net realized gains (losses) |  |  | - |  |  | (1) |  |  | 1 |  |  | - |  |  | -
Revenues of consolidated VIEs |  |  | - |  |  | - |  |  | (2) |  |  | - |  |  | (2)
Inter-segment revenues(2) |  |  | 4 |  |  | 12 |  |  | 11 |  |  | (27) |  |  | -
|  | Total revenues |  |  | 111 |  |  | 1 |  |  | 33 |  |  | (27) |  |  | 118
Losses and loss adjustment |  |  | 9 |  |  | - |  |  | 68 |  |  | - |  |  | 77
Operating |  |  | 11 |  |  | 14 |  |  | 15 |  |  | - |  |  | 40
Interest |  |  | - |  |  | 24 |  |  | 25 |  |  | - |  |  | 49
Expenses of consolidated VIEs |  |  | - |  |  | - |  |  | 7 |  |  | - |  |  | 7
Inter-segment expenses(2) |  |  | 16 |  |  | 1 |  |  | 11 |  |  | (28) |  |  | -
|  | Total expenses |  |  | 36 |  |  | 39 |  |  | 126 |  |  | (28) |  |  | 173
Income (loss) before income taxes |  |  | 75 |  |  | (38) |  |  | (93) |  |  | 1 |  |  | (55)
Provision (benefit) for income taxes |  |  | 25 |  |  | (18) |  |  | (32) |  |  | (3) |  |  | (28)
Net income (loss) |  | $ | 50 |  | $ | (20) |  | $ | (61) |  | $ | 4 |  | $ | (27)
Identifiable assets |  | $ | 5,477 |  | $ | 2,412 |  | $ | 7,017 |  | $ | (2,842) | (3) | $ | 12,064
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - Consists of intercompany deferred income taxes, reinsurance balances and repurchase agreements.
|  |  |  | Three Months Ended June 30, 2015
|  |  |  | U.S. |  |  |  | International |  |  |  |  |  |
|  |  |  | Public |  |  |  | and Structured |  |  |  |  |  |
|  |  |  | Finance |  |  |  | Finance |  |  |  |  |  |
In millions |  | Insurance |  | Corporate |  | Insurance |  | Eliminations |  | Consolidated
Revenues(1) |  | $ | 93 |  | $ | 8 |  | $ | 29 |  | $ | - |  | $ | 130
Net change in fair value of insured derivatives |  |  | - |  |  | - |  |  | 60 |  |  | - |  |  | 60
Net gains (losses) on financial instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | - |  |  | 48 |  |  | (3) |  |  | - |  |  | 45
Net investment losses related to other-than-temporary impairments |  |  | (6) |  |  | (1) |  |  | - |  |  | - |  |  | (7)
Net gains (losses) on extinguishment of debt |  |  | - |  |  | (1) |  |  | - |  |  | - |  |  | (1)
Other net realized gains (losses) |  |  | - |  |  | (1) |  |  | - |  |  | - |  |  | (1)
Revenues of consolidated VIEs |  |  | - |  |  | - |  |  | 19 |  |  | - |  |  | 19
Inter-segment revenues(2) |  |  | 8 |  |  | 21 |  |  | 15 |  |  | (44) |  |  | -
|  | Total revenues |  |  | 95 |  |  | 74 |  |  | 120 |  |  | (44) |  |  | 245
Losses and loss adjustment |  |  | 8 |  |  | - |  |  | 38 |  |  | - |  |  | 46
Operating |  |  | 8 |  |  | 19 |  |  | 18 |  |  | - |  |  | 45
Interest |  |  | - |  |  | 24 |  |  | 26 |  |  | - |  |  | 50
Expenses of consolidated VIEs |  |  | - |  |  | - |  |  | 12 |  |  | - |  |  | 12
Inter-segment expenses(2) |  |  | 22 |  |  | 1 |  |  | 15 |  |  | (38) |  |  | -
|  | Total expenses |  |  | 38 |  |  | 44 |  |  | 109 |  |  | (38) |  |  | 153
Income (loss) before income taxes |  |  | 57 |  |  | 30 |  |  | 11 |  |  | (6) |  |  | 92
Provision (benefit) for income taxes |  |  | 20 |  |  | 7 |  |  | 3 |  |  | (2) |  |  | 28
Net income (loss) |  | $ | 37 |  | $ | 23 |  | $ | 8 |  | $ | (4) |  | $ | 64
Identifiable assets |  | $ | 5,412 |  | $ | 2,707 |  | $ | 10,393 |  | $ | (3,002) | (3) | $ | 15,510
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.
|  |  |  | Six Months Ended June 30, 2016
|  |  |  | U.S. |  |  |  | International |  |  |  |  |  |
|  |  |  | Public |  |  |  | and Structured |  |  |  |  |  |
|  |  |  | Finance |  |  |  | Finance |  |  |  |  |  |
In millions |  | Insurance |  | Corporate |  | Insurance |  | Eliminations |  | Consolidated
Revenues(1) |  | $ | 166 |  | $ | 11 |  | $ | 49 |  | $ | - |  | $ | 226
Net change in fair value of insured derivatives |  |  | - |  |  | - |  |  | (36) |  |  | - |  |  | (36)
Net gains (losses) on financial instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 34 |  |  | (103) |  |  | 14 |  |  | - |  |  | (55)
Net investment losses related to other-than-temporary impairments |  |  | - |  |  | (1) |  |  | - |  |  | - |  |  | (1)
Net gains (losses) on extinguishment of debt |  |  | - |  |  | 5 |  |  | - |  |  | - |  |  | 5
Other net realized gains (losses) |  |  | - |  |  | (2) |  |  | 1 |  |  | - |  |  | (1)
Revenues of consolidated VIEs |  |  | - |  |  | - |  |  | 12 |  |  | - |  |  | 12
Inter-segment revenues(2) |  |  | 10 |  |  | 28 |  |  | 23 |  |  | (61) |  |  | -
|  | Total revenues |  |  | 210 |  |  | (62) |  |  | 63 |  |  | (61) |  |  | 150
Losses and loss adjustment |  |  | 18 |  |  | - |  |  | 81 |  |  | - |  |  | 99
Operating |  |  | 20 |  |  | 36 |  |  | 29 |  |  | - |  |  | 85
Interest |  |  | - |  |  | 47 |  |  | 52 |  |  | - |  |  | 99
Expenses of consolidated VIEs |  |  | - |  |  | - |  |  | 23 |  |  | - |  |  | 23
Inter-segment expenses(2) |  |  | 34 |  |  | 1 |  |  | 25 |  |  | (60) |  |  | -
|  | Total expenses |  |  | 72 |  |  | 84 |  |  | 210 |  |  | (60) |  |  | 306
Income (loss) before income taxes |  |  | 138 |  |  | (146) |  |  | (147) |  |  | (1) |  |  | (156)
Provision (benefit) for income taxes |  |  | 47 |  |  | (42) |  |  | (55) |  |  | (1) |  |  | (51)
Net income (loss) |  | $ | 91 |  | $ | (104) |  | $ | (92) |  | $ | - |  | $ | (105)
Identifiable assets |  | $ | 5,477 |  | $ | 2,412 |  | $ | 7,017 |  | $ | (2,842) | (3) | $ | 12,064
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - Consists of intercompany deferred income taxes, reinsurance balances and repurchase agreements.
|  |  |  | Six Months Ended June 30, 2015
|  |  |  | U.S. |  |  |  | International |  |  |  |  |  |
|  |  |  | Public |  |  |  | and Structured |  |  |  |  |  |
|  |  |  | Finance |  |  |  | Finance |  |  |  |  |  |
In millions |  | Insurance |  | Corporate |  | Insurance |  | Eliminations |  | Consolidated
Revenues(1) |  | $ | 198 |  | $ | 13 |  | $ | 58 |  | $ | - |  | $ | 269
Net change in fair value of insured derivatives |  |  | - |  |  | - |  |  | 88 |  |  | - |  |  | 88
Net gains (losses) on financial instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 3 |  |  | 80 |  |  | (8) |  |  | - |  |  | 75
Net investment losses related to other-than-temporary impairments |  |  | (6) |  |  | (1) |  |  | - |  |  | - |  |  | (7)
Net gains (losses) on extinguishment of debt |  |  | - |  |  | (1) |  |  | - |  |  | - |  |  | (1)
Other net realized gains (losses) |  |  | (4) |  |  | 23 |  |  | - |  |  | - |  |  | 19
Revenues of consolidated VIEs |  |  | - |  |  | - |  |  | 21 |  |  | - |  |  | 21
Inter-segment revenues(2) |  |  | 18 |  |  | 37 |  |  | 33 |  |  | (88) |  |  | -
|  | Total revenues |  |  | 209 |  |  | 151 |  |  | 192 |  |  | (88) |  |  | 464
Losses and loss adjustment |  |  | 2 |  |  | - |  |  | 38 |  |  | - |  |  | 40
Operating |  |  | 18 |  |  | 38 |  |  | 37 |  |  | - |  |  | 93
Interest |  |  | - |  |  | 49 |  |  | 51 |  |  | - |  |  | 100
Expenses of consolidated VIEs |  |  | - |  |  | - |  |  | 26 |  |  | - |  |  | 26
Inter-segment expenses(2) |  |  | 46 |  |  | 2 |  |  | 33 |  |  | (81) |  |  | -
|  | Total expenses |  |  | 66 |  |  | 89 |  |  | 185 |  |  | (81) |  |  | 259
Income (loss) before income taxes |  |  | 143 |  |  | 62 |  |  | 7 |  |  | (7) |  |  | 205
Provision (benefit) for income taxes |  |  | 49 |  |  | 25 |  |  | 1 |  |  | (3) |  |  | 72
Net income (loss) |  | $ | 94 |  | $ | 37 |  | $ | 6 |  | $ | (4) |  | $ | 133
Identifiable assets |  | $ | 5,412 |  | $ | 2,707 |  | $ | 10,393 |  | $ | (3,002) | (3) | $ | 15,510
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.
Summary Of premiums earned on financial guarantees and insured derivatives by geographic location of risk |
|  |  |  | Three Months Ended June 30, |  | Six Months Ended June 30, |
| In millions |  |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
| Total premiums earned: |  |  |  |  |  |  |  |  |  |  |  |  |
|  | United States |  | $ | 58 |  | $ | 74 |  | $ | 117 |  | $ | 161 |
|  | United Kingdom |  |  | 7 |  |  | 8 |  |  | 14 |  |  | 15 |
|  | Europe (excluding United Kingdom) |  |  | 2 |  |  | - |  |  | 3 |  |  | 2 |
|  | Internationally diversified |  |  | - |  |  | 1 |  |  | - |  |  | 2 |
|  | Other Americas |  |  | 7 |  |  | 7 |  |  | 14 |  |  | 13 |
|  | Asia |  |  | - |  |  | 1 |  |  | 1 |  |  | 2 |
|  | Other |  |  | 1 |  |  | 2 |  |  | 2 |  |  | 3 |
| Total |  | $ | 75 |  | $ | 93 |  | $ | 151 |  | $ | 198 |

X
- Definition This element shows Premiums earned on financial guarantees and insured derivatives within the company's insurance segments by geographic location of risk. + References No definition available. + Details
Name: | mbi_PremiumsEarnedOnFinancialGuaranteesAndInsuredDerivativesByGeographicLocationOfRiskTableTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration