XML 94 R34.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Insurance Premiums (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Text Block [Abstract] |
Rollforward of Premiums Receivable | The following tables present a roll forward of the Company’s premiums receivable for the years ended December 31, 2019 and 2018.
In millions |  |  |  |  |  |  |  | Adjustments |  |  |  |
Premiums Receivable as of December 31, 2018 |  | Premium Payments Received |  |  | Premiums from New Business Written |  |  | Changes in Expected Term of Policies |  |  | Accretion of Premiums Receivable Discount (1) |  |  | Other (2) |  |  | Premiums Receivable as of December 31, 2019 |
$ 296 |  | $ | (43) |  |  | $ | — |  |  | $ | (4) |  |  | $ | 7 |  |  | $ | (7) |  |  | $ | 249 |
(1)—Recorded within premiums earned on MBIA’s consolidated statement of operations. (2)—Primarily relates to the write off of uncollectible premiums and to a lesser extent realized gains due to changes in foreign currency exchange rates.
In millions |  |  |  |  |  |  |  | Adjustments |  |  |  |
Premiums Receivable as of December 31, 2017 |  | Premium Payments Received |  |  | Premiums from New Business Written |  |  | Changes in Expected Term of Policies |  |  | Accretion of Premiums Receivable Discount (1) |  |  | Other (2) |  |  | Premiums Receivable as of December 31, 2018 |
$ 369 |  | $ | (74) |  |  | $ | — |  |  | $ | 2 |  |  | $ | 9 |  |  | $ | (10) |  |  | $ | 296 |
(1)—Recorded within premiums earned on MBIA’s consolidated statement of operations. (2)—Primarily consists of realized gains due to changes in foreign currency exchange rates.
Undiscounted Future Premiums By Period |
|  | Expected |
|  | Collection of |
In millions |  | Premiums |
Three months ending: |  |  |  |
March 31, 2020 |  | $ | 3 |
June 30, 2020 |  |  | 10 |
September 30, 2020 |  |  | 6 |
December 31, 2020 |  |  | 11 |
Twelve months ending: |  |  |  |
December 31, 2021 |  |  | 28 |
December 31, 2022 |  |  | 24 |
December 31, 2023 |  |  | 23 |
December 31, 2024 |  |  | 21 |
Five years ending: |  |  |  |
December 31, 2029 |  |  | 75 |
December 31, 2034 |  |  | 50 |
December 31, 2039 and thereafter |  |  | 63 |
Total |  | $ | 314 |
Unearned Premium Reserve And Future Premium Earnings |
|  | Unearned |  |  | Expected Future |  |  |  |  |  | Total Expected |
|  | Premium |  |  | Premium Earnings |  |  |  |  |  | Future Premium |
In millions |  | Revenue |  |  | Upfront |  |  | Installments |  |  | Accretion |  |  | Earnings |
December 31, 2019 |  | $ | 482 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three months ending: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2020 |  |  | 466 |  |  | $ | 8 |  |  | $ | 8 |  |  | $ | 2 |  |  | $ | 18 |
June 30, 2020 |  |  | 451 |  |  |  | 8 |  |  |  | 7 |  |  |  | 2 |  |  |  | 17 |
September 30, 2020 |  |  | 437 |  |  |  | 7 |  |  |  | 7 |  |  |  | 2 |  |  |  | 16 |
December 31, 2020 |  |  | 423 |  |  |  | 7 |  |  |  | 7 |  |  |  | 2 |  |  |  | 16 |
Twelve months ending: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2021 |  |  | 370 |  |  |  | 26 |  |  |  | 27 |  |  |  | 6 |  |  |  | 59 |
December 31, 2022 |  |  | 323 |  |  |  | 23 |  |  |  | 24 |  |  |  | 6 |  |  |  | 53 |
December 31, 2023 |  |  | 282 |  |  |  | 20 |  |  |  | 21 |  |  |  | 5 |  |  |  | 46 |
December 31, 2024 |  |  | 245 |  |  |  | 18 |  |  |  | 19 |  |  |  | 5 |  |  |  | 42 |
Five years ending: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2029 |  |  | 122 |  |  |  | 63 |  |  |  | 60 |  |  |  | 17 |  |  |  | 140 |
December 31, 2034 |  |  | 59 |  |  |  | 29 |  |  |  | 34 |  |  |  | 11 |  |  |  | 74 |
December 31, 2039 and thereafter |  |  | — |  |  |  | 20 |  |  |  | 39 |  |  |  | 7 |  |  |  | 66 |
Total |  |  |  |  |  | $ | 229 |  |  | $ | 253 |  |  | $ | 65 |  |  | $ | 547 |

X
- Definition Rollforward of the financial guarantee premiums receivable. + References No definition available. + Details
Name: | mbi_RollforwardOfPremiumsReceivableTableTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount to undiscounted future financial guarantee premiums to be collected by period + References No definition available. + Details
Name: | mbi_UndiscountedFuturePremiumsByPeriodTableTextBlock
Namespace Prefix: | mbi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Unearned Premium Reserve And Future Premium Earnings [Table Text Block] + References No definition available. + Details
Name: | mbi_UnearnedPremiumReserveAndFuturePremiumEarningsTableTextBlock
Namespace Prefix: | mbi_
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