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Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2024
Text Block [Abstract]  
Changes In The Components Of AOCI

The following table presents the changes in the components of AOCI for the years ended December 31, 2024, 2023 and 2022:

 

In millions

 

Unrealized Gains (Losses) on AFS Securities, Net

 

 

Foreign Current Translation, Net

 

 

Instrument-Specific Credit Risk of Liabilities Measured at Fair Value, Net

 

 

Total

 

 

Balance, January 1, 2022

 

$

138

 

 

$

(6

)

 

$

(32

)

 

$

100

 

 

 

Other comprehensive income (loss) before reclassifications

 

 

(362

)

 

 

2

 

 

 

(31

)

 

 

(391

)

 

 

Amounts reclassified from AOCI

 

 

(10

)

 

 

-

 

 

 

18

 

 

 

8

 

 

Net period other comprehensive income (loss)

 

 

(372

)

 

 

2

 

 

 

(13

)

 

 

(383

)

 

Balance, December 31, 2022

 

$

(234

)

 

$

(4

)

 

$

(45

)

 

$

(283

)

 

 

Other comprehensive income (loss) before reclassifications

 

 

33

 

 

 

-

 

 

 

(1

)

 

 

32

 

 

 

Amounts reclassified from AOCI

 

 

67

 

 

 

-

 

 

 

45

 

 

 

112

 

 

Net period other comprehensive income (loss)

 

 

100

 

 

 

-

 

 

 

44

 

 

 

144

 

 

Balance, December 31, 2023

 

$

(134

)

 

$

(4

)

 

$

(1

)

 

$

(139

)

 

 

Other comprehensive income (loss) before reclassifications

 

 

(19

)

 

 

(1

)

 

 

-

 

 

 

(20

)

 

 

Amounts reclassified from AOCI

 

 

3

 

 

 

-

 

 

 

28

 

 

 

31

 

 

Net period other comprehensive income (loss)

 

 

(16

)

 

 

(1

)

 

 

28

 

 

 

11

 

 

Balance, December 31, 2024

 

$

(150

)

 

$

(5

)

 

$

27

 

 

$

(128

)

 
Reclassifications From AOCI

The following table presents the details of the reclassifications from AOCI for the years ended December 31, 2024, 2023 and 2022:

In millions

 

Amounts Reclassified from AOCI

 

 

 

 

 

 

Years Ended December 31,

 

 

 

Details about AOCI Components

 

2024

 

 

2023

 

 

2022

 

 

Affected Line Item on the Consolidated Statements of Operations

Unrealized gains (losses) on AFS securities:

 

 

 

 

 

 

 

 

 

 

 

 

Realized gains (losses) on sale of securities

 

$

(3

)

 

$

(67

)

 

$

10

 

 

Net realized investment gains (losses)

Instrument-specific credit risk of liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deconsolidation of VIEs

 

 

(9

)

 

 

(20

)

 

 

-

 

 

Other net realized gains (losses) - VIEs

 

Settlement of liabilities

 

 

(19

)

 

 

(25

)

 

 

(18

)

 

Net gains (losses) on financial instruments at fair value and foreign exchange - VIEs

Total reclassifications for the period

 

$

(31

)

 

$

(112

)

 

$

(8

)

 

Net income (loss) attributable to MBIA Inc.