XML 73 R42.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Insurance In Force (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Insurance [Abstract] |
Insurance in force by geographic location |
|  | As of December 31, |
$ in billions |  | 2019 |  |  | 2018 |
|  |  |  |  | % of |  |  |  |  |  | % of |
|  | Insurance |  |  | Insurance |  |  | Insurance |  |  | Insurance |
Geographic Location |  | in Force |  |  | in Force |  |  | in Force |  |  | in Force |
California |  | $ | 22.4 |  |  |  | 20.9 | % |  | $ | 25.9 |  |  |  | 20.2 | %
Illinois |  |  | 10.2 |  |  |  | 9.5 | % |  |  | 11.1 |  |  |  | 8.7 | %
New Jersey |  |  | 6.0 |  |  |  | 5.6 | % |  |  | 6.8 |  |  |  | 5.3 | %
New York |  |  | 4.7 |  |  |  | 4.4 | % |  |  | 5.9 |  |  |  | 4.6 | %
Hawaii |  |  | 4.2 |  |  |  | 3.9 | % |  |  | 4.3 |  |  |  | 3.4 | %
Texas |  |  | 4.0 |  |  |  | 3.7 | % |  |  | 4.3 |  |  |  | 3.4 | %
Virginia |  |  | 3.6 |  |  |  | 3.3 | % |  |  | 3.7 |  |  |  | 2.9 | %
Puerto Rico |  |  | 3.3 |  |  |  | 3.1 | % |  |  | 7.9 |  |  |  | 6.2 | %
Oregon |  |  | 2.9 |  |  |  | 2.7 | % |  |  | 3.2 |  |  |  | 2.5 | %
Colorado |  |  | 2.8 |  |  |  | 2.6 | % |  |  | 3.0 |  |  |  | 2.4 | %
Subtotal |  |  | 64.1 |  |  |  | 59.7 | % |  |  | 76.1 |  |  |  | 59.5 | %
Nationally Diversified |  |  | 11.8 |  |  |  | 11.0 | % |  |  | 13.5 |  |  |  | 10.5 | %
Other states |  |  | 23.5 |  |  |  | 21.8 | % |  |  | 29.2 |  |  |  | 22.8 | %
Total United States |  |  | 99.4 |  |  |  | 92.5 | % |  |  | 118.8 |  |  |  | 92.8 | %
Internationally Diversified |  |  | 0.3 |  |  |  | 0.3 | % |  |  | 0.4 |  |  |  | 0.3 | %
Country specific |  |  | 7.8 |  |  |  | 7.2 | % |  |  | 8.9 |  |  |  | 6.9 | %
Total non-United States |  |  | 8.1 |  |  |  | 7.5 | % |  |  | 9.3 |  |  |  | 7.2 | %
Total |  | $ | 107.5 |  |  |  | 100.0 | % |  | $ | 128.1 |  |  |  | 100.0 | %
Insurance in force by bond type |
|  | As of December 31, |
$ in billions |  | 2019 |  |  | 2018 |
|  | Insurance |  |  | Gross Par |  |  | Insurance |  |  | Gross Par |
Bond type |  | in Force |  |  | Amount |  |  | in Force |  |  | Amount |
Global public finance—United States: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General obligation (1) |  | $ | 29.1 |  |  | $ | 14.3 |  |  | $ | 34.2 |  |  | $ | 17.3 |
General obligation—lease |  |  | 3.1 |  |  |  | 2.3 |  |  |  | 4.0 |  |  |  | 3.0 |
Municipal utilities |  |  | 12.0 |  |  |  | 8.1 |  |  |  | 14.2 |  |  |  | 9.5 |
Tax-backed |  |  | 17.7 |  |  |  | 9.2 |  |  |  | 24.0 |  |  |  | 11.2 |
Transportation |  |  | 10.6 |  |  |  | 3.9 |  |  |  | 12.0 |  |  |  | 4.8 |
Higher education |  |  | 2.2 |  |  |  | 1.5 |  |  |  | 2.5 |  |  |  | 1.7 |
Health care |  |  | 1.4 |  |  |  | 1.0 |  |  |  | 1.7 |  |  |  | 1.2 |
Military housing |  |  | 15.2 |  |  |  | 7.1 |  |  |  | 15.8 |  |  |  | 7.2 |
Investor-owned utilities (2) |  |  | 1.4 |  |  |  | 0.9 |  |  |  | 2.0 |  |  |  | 1.3 |
Municipal housing |  |  | 0.2 |  |  |  | 0.1 |  |  |  | 0.3 |  |  |  | 0.2 |
Other (3) |  |  | 0.8 |  |  |  | 0.5 |  |  |  | 0.9 |  |  |  | 0.5 |
Total United States |  |  | 93.7 |  |  |  | 48.9 |  |  |  | 111.6 |  |  |  | 57.9 |
Global public finance— non-United States: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
International utilities |  |  | 1.1 |  |  |  | 1.0 |  |  |  | 1.4 |  |  |  | 1.2 |
Sovereign-related and sub-sovereign (4) |  |  | 3.0 |  |  |  | 2.3 |  |  |  | 3.5 |  |  |  | 2.5 |
Transportation |  |  | 2.7 |  |  |  | 2.3 |  |  |  | 3.0 |  |  |  | 2.5 |
Other (5) |  |  | 0.2 |  |  |  | 0.1 |  |  |  | 0.1 |  |  |  | 0.1 |
Total non-United States |  |  | 7.0 |  |  |  | 5.7 |  |  |  | 8.0 |  |  |  | 6.3 |
Total global public finance |  |  | 100.7 |  |  |  | 54.6 |  |  |  | 119.6 |  |  |  | 64.2 |
Global structured finance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized debt obligations (6) |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 0.5 |  |  |  | 0.4 |
Mortgage-backed residential |  |  | 2.5 |  |  |  | 1.8 |  |  |  | 3.4 |  |  |  | 2.5 |
Mortgage-backed commercial |  |  | 0.5 |  |  |  | 0.2 |  |  |  | 0.6 |  |  |  | 0.3 |
Consumer asset-backed |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 0.5 |  |  |  | 0.4 |
Corporate asset-backed (7) |  |  | 3.0 |  |  |  | 1.7 |  |  |  | 3.5 |  |  |  | 2.0 |
Total global structured finance |  |  | 6.8 |  |  |  | 4.3 |  |  |  | 8.5 |  |  |  | 5.6 |
Total |  | $ | 107.5 |  |  | $ | 58.9 |  |  | $ | 128.1 |  |  | $ | 69.8 |
(1)—Includes general obligation unlimited and limited (property) tax bonds, general fund obligation bonds and pension obligation bonds of states, cities, counties, schools and special districts. (2)—Includes investor owned utilities, industrial development and pollution control revenue bonds. (3)—Includes certain non-profit enterprises, stadium related financing and student loans. (4)—Includes regions, departments or their equivalent in each jurisdiction as well as sovereign owned entities that are supported by a sovereign state, region or department. (5)—Includes municipal owned entities backed by sponsoring local government and tax backed transactions. (6)—Includes a transaction (represented by structured pools of CRE assets) that does not include typical CDO structuring characteristics, such as tranched credit risk, cash flow waterfalls, or interest and over-collateralization coverage tests. (7)—As of December 31, 2019, includes structured insurance securitizations of $2.1 billion and $1.0 billion of insurance in force and gross par amount, respectively. As of December 31, 2018, includes structured insurance securitizations of $2.2 billion and $1.0 billion of insurance in force and gross par amount, respectively.
Reinsurance agreements for insurance operations |
In millions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Standard & |  |  |  |  |  |  |  |  | Letters of |  |  | Reinsurance |
|  | Poor’s Rating |  |  | Moody’s Rating |  |  | Ceded Par |  |  | Credit/Trust |  |  | Recoverable/ |
Reinsurers |  | (Status) |  |  | (Status) |  |  | Outstanding |  |  | Accounts |  |  | (Payable) (1) |
Assured Guaranty Re Ltd. |  |  | AA (Stable Outlook) |  |  |  | WR (2) |  |  | $ | 725 |  |  | $ | 29 |  |  | $ | 4 |
Assured Guaranty Corp. |  |  | AA (Stable Outlook) |  |  |  | A3 (Stable Outlook) |  |  |  | 756 |  |  |  | — |  |  |  | (4 | )
Overseas Private Investment Corporation |  |  | AA+ (Stable Outlook) |  |  |  | Aaa (Stable Outlook) |  |  |  | 220 |  |  |  | — |  |  |  | — |
Others |  |  | A- or above |  |  |  | WR or above (2) |  |  |  | 60 |  |  |  | 3 |  |  |  | — |
Total |  |  |  |  |  |  |  |  |  | $ | 1,761 |  |  | $ | 32 |  |  | $ | — |
(1)—Total reinsurance recoverable/(payable) is primarily related to recoverables on unpaid losses net of (payables) on salvage received. (2)—Represents a withdrawal of ratings.

X
- Definition Tabular disclosure of insurance in force by type of bond excluding transactions on behalf of investment management affiliates. + References No definition available. + Details
Name: | mbi_ScheduleOfInsuranceInForceByBondTypeTableTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of insurance in force by geographic location of risk excluding transactions on behalf of investment management affiliates. + References No definition available. + Details
Name: | mbi_ScheduleOfInsuranceInForceByGeographicLocationTableTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of reinsurance agreements for the US Public Finance and Structured Finance insurance operations. + References No definition available. + Details
Name: | mbi_SummaryOfReinsuranceAgreementsForInsuranceOperationsTableTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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