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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Premiums, fees and reimbursements received $ 10 $ 9
Investment income received 59 64
Insured derivative commutations and losses paid (19) (31)
Financial guarantee losses and loss adjustment expenses paid (86) (469)
Proceeds from recoveries and reinsurance 16 44
Operating and employee related expenses paid (38) (53)
Interest paid, net of interest converted to principal (42) (50)
Income taxes (paid) received (1) 0
Net cash provided (used) by operating activities (101) (486)
Cash flows from investing activities:    
Purchases of available-for-sale investments (819) (394)
Sales of available-for-sale investments 651 271
Paydowns and maturities of available-for-sale investments 94 169
Purchases of investments at fair value (53) (69)
Sales, paydowns and maturities of investments at fair value 57 75
Sales, paydowns and maturities (purchases) of short-term investments, net 222 206
Paydowns and maturities of loans receivable 48 70
Consolidation of variable interest entities 0 18
(Payments) proceeds for derivative settlements (9) (7)
Collateral (to) from counterparties 0 (5)
Other investing 0 (23)
Net cash provided (used) by investing activities 191 311
Cash flows from financing activities:    
Proceeds from investment agreements 3 2
Principal paydowns of investment agreements (8) (10)
Principal paydowns of medium-term notes (20) (55)
Proceeds from the MBIA Corp. Financing Facility 0 328
Principal paydowns of variable interest entity notes (55) (93)
Purchases of treasury stock (15) (31)
Other financing 0 (2)
Net cash provided (used) by financing activities (95) 139
Effect of exchange rate changes on cash and cash equivalents 0 1
Net increase (decrease) in cash and cash equivalents (5) (35)
Cash and cash equivalents - beginning of year 146 187
Cash and cash equivalents - end of year 141 152
Reconciliation of net income (loss) to net cash provided (used) by operating activities: [Abstract]    
Net income (loss) (98) (72)
Change in: [Abstract]    
Premiums receivable 5 3
Deferred acquisition costs 4 6
Unearned premium revenue (39) (45)
Loss and loss adjustment expense reserves 21 359
Insurance loss recoverable (19) (691)
Accrued interest payable 33 22
Accrued expenses (18) (28)
Net investment losses related to other-than-temporary impairments 1 2
Unrealized (gains) losses on insured derivatives (14) 22
Net (gains) losses on financial instruments at fair value and foreign exchange 5 16
Other net realized (gains) losses 1 (31)
Deferred income tax provision (benefit) 1 (49)
Interest on variable interest entities, net 5 10
Other operating 11 (10)
Total adjustments to net income (loss) (3) (414)
Net cash provided (used) by operating activities (101) (486)
Supplementary Disclosure of Consolidated Cash Flow Information    
Non-cash consideration received from the sale of MBIA UK Insurance Limited $ 0 $ 332