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Loss and Loss Adjustment Expense Reserves (Tables) | 6 Months Ended
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Jun. 30, 2016
Text Block [Abstract] |
Schedule Of Losses And Loss Adjustment Expenses |
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
In millions |  | 2016 |  | 2015 |  | 2016 |  | 2015
U.S. Public Finance Insurance Segment |  | $ | 9 |  | $ | 8 |  | $ | 18 |  | $ | 2
International and Structured Finance Insurance Segment: |  |  |  |  |  |  |  |  |  |  |  |
| Second-lien RMBS |  |  | 21 |  |  | 36 |  |  | 34 |  |  | 29
| First-lien RMBS |  |  | 35 |  |  | (26) |  |  | 61 |  |  | (16)
| Other(1) |  |  | 12 |  |  | 28 |  |  | (14) |  |  | 25
Losses and LAE expense (benefit) |  | $ | 77 |  | $ | 46 |  | $ | 99 |  | $ | 40
________________ |  |  |
(1) - Includes CDOs, 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 |  |  | 56 |  |  | 7 |  |  | 5 |  |  | 344 |  |  | 412
Number of issues(1) |  |  | 13 |  |  | 4 |  |  | 3 |  |  | 125 |  |  | 145
Remaining weighted average contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| period (in years) |  |  | 8.1 |  |  | 5.5 |  |  | 7.4 |  |  | 7.1 |  |  | 7.3
Gross insured contractual payments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| outstanding:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Principal |  | $ | 2,440 |  | $ | 55 |  | $ | 352 |  | $ | 7,795 |  | $ | 10,642
|  | Interest |  |  | 2,679 |  |  | 16 |  |  | 121 |  |  | 3,173 |  |  | 5,989
|  |  | Total |  | $ | 5,119 |  | $ | 71 |  | $ | 473 |  | $ | 10,968 |  | $ | 16,631
Gross Claim Liability |  | $ | - |  | $ | - |  | $ | - |  | $ | 738 |  | $ | 738
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Gross Potential Recoveries |  |  | - |  |  | - |  |  | - |  |  | 499 |  |  | 499
| Discount, net(3) |  |  | - |  |  | - |  |  | - |  |  | 75 |  |  | 75
Net claim liability (recoverable) |  | $ | - |  | $ | - |  | $ | - |  | $ | 164 |  | $ | 164
Unearned premium revenue |  | $ | 7 |  | $ | 1 |  | $ | 9 |  | $ | 75 |  | $ | 92
__________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(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 |  | June 30, 2016 |  | December 31, 2015 |
| Loss reserves (claim liability) |  | $ | 486 |  | $ | 470 |
| LAE reserves |  |  | 60 |  |  | 46 |
|  | Loss and LAE reserves |  | $ | 546 |  | $ | 516 |
| Insurance claim loss recoverable |  | $ | (363) |  | $ | (571) |
| LAE insurance loss recoverable |  |  | (2) |  |  | (6) |
|  | Insurance loss recoverable |  | $ | (365) |  | $ | (577) |
| Reinsurance recoverable on unpaid losses |  | $ | 6 |  | $ | 6 |
| Reinsurance recoverable on unpaid LAE reserves |  |  | 1 |  |  | - |
|  | Reinsurance recoverable on paid and unpaid losses |  | $ | 7 |  | $ | 6 |
Schedule Of Loss And Loss Adjustment Expenses Reserves |
In millions |  | Changes in Loss and LAE Reserves for the Six Months Ended June 30, 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 |  |  |  | June 30,
2015 |  | Reserves |  | Discount |  | Rates |  | Assumptions |  | Revenue |  | Reserves |  | Other(1) |  | 2016
$ | 516 |  | $ | (47) |  | $ | 5 |  | $ | 32 |  | $ | 35 |  | $ | (12) |  | $ | 14 |  | $ | 3 |  | $ | 546
____________
(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 Six Months Ended June 30, 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 |  |  |  | June 30,
In millions |  | 2015 |  | Recoveries |  | Recoveries |  | Rates |  | Assumptions |  | Recoveries |  | Other(1) |  | 2016
Insurance loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| recoverable |  | $ | 577 |  | $ | (50) |  | $ | 3 |  | $ | 10 |  | $ | (126) |  | $ | (4) |  | $ | (45) |  | $ | 365
Recoveries on unpaid |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| losses |  |  | 100 |  |  | - |  |  | 1 |  |  | 9 |  |  | (24) |  |  | 5 |  |  | - |  |  | 91
Total |  | $ | 677 |  | $ | (50) |  | $ | 4 |  | $ | 19 |  | $ | (150) |  | $ | 1 |  | $ | (45) |  | $ | 456
____________
(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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