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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Investments:    
Premiums receivable (net of allowance for credit losses of $- and $-) $ 133 $ 146
Assets held for sale 11 73
Total assets 2,168 2,606
Liabilities:    
Liabilities held for sale 7 64
Total liabilities 4,244 4,253
Commitments and contingencies (Refer to Note 18)
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--283,186,115 and 283,186,115 283 283
Additional paid-in capital 2,492 2,515
Retained earnings (deficit) (1,591) (1,144)
Accumulated other comprehensive income (loss), net of tax of $7 and $7 (128) (139)
Treasury stock, at cost--232,046,875 and 228,333,444 shares (3,145) (3,172)
Total shareholders' equity of MBIA Inc. (2,089) (1,657)
Preferred stock of subsidiary and noncontrolling interest held for sale 13 10
Total equity (2,076) (1,647)
Total liabilities and equity 2,168 2,606
Non Variable Interest Entity [Member]    
Investments:    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $1,080 and $1,175) 925 1,043
Investments carried at fair value 237 337
Short-term investments, at fair value (amortized cost $492 and $548) 492 548
Other investments at amortized cost 1 3
Total investments 1,655 1,931
Cash and cash equivalents 84 104
Premiums receivable (net of allowance for credit losses of $- and $-) 133 146
Deferred acquisition costs 27 31
Insurance loss recoverable 185 183
Assets held for sale 11 73
Other assets 42 76
Liabilities:    
Unearned premium revenue 199 232
Loss and loss adjustment expense reserves 526 473
Long-term debt 2,741 2,585
Medium-term notes (includes financial instruments carried at fair value of $35 and $40) 440 497
Investment agreements 204 221
Liabilities held for sale 7 64
Other liabilities 78 86
Variable Interest Entity, Primary Beneficiary [Member]    
Investments:    
Investments carried at fair value 0 22
Other assets 0 2
Cash 3 3
Loans receivable at fair value 28 35
Liabilities:    
Variable interest entity debt (includes financial instruments carried at fair value of $31 and $78) 43 81
Derivative liabilities $ 6 $ 14