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Loss And Loss Adjustment Expense Reserves (Schedule Of Financial Guarantees And Related Claim Liability) (Detail)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2020
USD ($)
issue
policy
Dec. 31, 2019
USD ($)
issue
policy
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 294 276
Number of issues | issue [1] 125 112
Remaining weighted average contract period (in years) 7 years 1 month 6 days 7 years 8 months 12 days
Principal [2] $ 5,537 $ 5,588
Interest [2] 3,708 3,885
Total [2] 9,245 9,473
Gross claim liability [3] 1,102 965
Less: Gross potential recoveries [4] 1,718 2,184
Discount, net [5] (111) (453)
Net claim liability (recoverable) (505) (766)
Unearned premium revenue 51 48
Reinsurance recoverables on paid and unpaid losses [6] $ 13 $ 19
Caution List Low [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 54 45
Number of issues | issue [1] 19 13
Remaining weighted average contract period (in years) 6 years 2 months 12 days 7 years 3 months 18 days
Principal [2] $ 1,628 $ 1,546
Interest [2] 2,084 2,107
Total [2] 3,712 3,653
Gross claim liability [3] 0 0
Less: Gross potential recoveries [4] 0 0
Discount, net [5] 0 0
Net claim liability (recoverable) 0 0
Unearned premium revenue $ 11 $ 6
Caution List Medium [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 17 19
Number of issues | issue [1] 4 5
Remaining weighted average contract period (in years) 6 years 9 months 18 days 7 years 2 months 12 days
Principal [2] $ 218 $ 248
Interest [2] 91 110
Total [2] 309 358
Gross claim liability [3] 0 0
Less: Gross potential recoveries [4] 0 0
Discount, net [5] 0 0
Net claim liability (recoverable) 0 0
Unearned premium revenue $ 3 $ 3
Caution List High [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 0 0
Number of issues | issue [1] 0 0
Principal [2] $ 0 $ 0
Interest [2] 0 0
Total [2] 0 0
Gross claim liability [3] 0 0
Less: Gross potential recoveries [4] 0 0
Discount, net [5] 0 0
Net claim liability (recoverable) 0 0
Unearned premium revenue $ 0 $ 0
Classified List [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 223 212
Number of issues | issue [1] 102 94
Remaining weighted average contract period (in years) 7 years 6 months 7 years 10 months 24 days
Principal [2] $ 3,691 $ 3,794
Interest [2] 1,533 1,668
Total [2] 5,224 5,462
Gross claim liability [3] 1,102 965
Less: Gross potential recoveries [4] 1,718 2,184
Discount, net [5] (111) (453)
Net claim liability (recoverable) (505) (766)
Unearned premium revenue $ 37 $ 39
[1] An “issue” represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.
[2] Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.
[3] The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries for policies in a net payable position.
[4] Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.
[5] Represents discount related to Gross Claim Liability and Gross Potential Recoveries.
[6] Included in “Other assets” on the Company’s consolidated balance sheets.