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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 152 $ 187
Insurance loss recoverable 486 504
Assets held for sale   555
Loan repurchase commitments 409 404
Total assets 11,017 11,137
Liabilities:    
Loss and loss adjustment expense reserves 559 541
Liabilities held for sale   346
Total liabilities 7,791 7,898
Commitments and contingencies (Refer to Note 14)
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-- 283,905,896 and 283,989,999 284 284
Additional paid-in capital 3,166 3,160
Retained earnings 2,628 2,700
Accumulated other comprehensive income (loss), net of tax of $17 and $37 (31) (128)
Treasury stock, at cost-- 153,946,569 and 148,789,168 shares (2,833) (2,789)
Total shareholders' equity of MBIA Inc. 3,214 3,227
Preferred stock of subsidiary 12 12
Total equity 3,226 3,239
Total liabilities and equity 11,017 11,137
Non Variable Interest Entity [Member]    
Assets    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $4,723 and $4,713) 4,701 4,694
Investments carried at fair value 150 146
Investments pledged as collateral, at fair value (amortized cost $136 and $234) 137 233
Short-term investments held as available-for-sale, at fair value (amortized cost $398 and $552) 398 552
Other investments (includes investments at fair value of $4 and $5) 6 8
Total investments 5,392 5,633
Cash and cash equivalents 112 163
Premiums receivable 408 409
Deferred acquisition costs 112 118
Insurance loss recoverable 486 504
Assets held for sale 0 555
Deferred income taxes, net 1,019 970
Other assets 157 113
Liabilities:    
Unearned premium revenue 913 958
Loss and loss adjustment expense reserves 559 541
Long-term debt 2,034 1,986
Medium-term notes (includes financial instruments carried at fair value of $104 and $101) 830 895
Investment agreements 390 399
Derivative liabilities 313 299
Liabilities held for sale 0 346
Other liabilities 235 233
Variable Interest Entity Primary Beneficiary [Member]    
Assets    
Investments carried at fair value 246 255
Other assets 30 33
Cash 40 24
Investments held-to-maturity, at amortized cost (fair value $879 and $876) 890 890
Loans receivable at fair value 1,716 1,066
Loan repurchase commitments 409 404
Liabilities:    
Variable interest entity notes (includes financial instruments carried at fair value of $1,306 and $1,351) $ 2,517 $ 2,241