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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Investments:    
Assets held for sale $ 11 $ 11
Total assets 2,132 2,168
Liabilities:    
Liabilities held for sale 7 7
Total liabilities 4,245 4,244
Commitments and contingencies (Refer to Note 12: Commitments and Contingencies)
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 2,460 2,492
Retained earnings (deficit) (1,653) (1,591)
Accumulated other comprehensive income (loss), net of tax of $7 and $7 (99) (128)
Treasury stock, at cost--232,815,490 and 232,215,934 shares (3,117) (3,145)
Total shareholders' equity of MBIA Inc. (2,126) (2,089)
Preferred stock of subsidiary 13 13
Total equity (2,113) (2,076)
Total liabilities and equity 2,132 2,168
Non Variable Interest Entity [Member]    
Investments:    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $1,122 and $1,080) 988 925
Investments carried at fair value 222 237
Short-term investments, at fair value (amortized cost $429 and $492) 429 492
Other investments at amortized cost 1 1
Total investments 1,640 1,655
Cash and cash equivalents 61 84
Premiums receivable (net of allowance for credit losses of $- and $- ) 133 133
Deferred acquisition costs 26 27
Insurance loss recoverable 191 185
Assets held for sale 11 11
Other assets 38 42
Liabilities:    
Unearned premium revenue 192 199
Loss and loss adjustment expense reserves 521 526
Long-term debt 2,780 2,741
Medium-term notes (includes financial instruments carried at fair value of $37 and $35) 447 440
Investment agreements 203 204
Liabilities held for sale 7 7
Other liabilities 56 78
Variable Interest Entity, Primary Beneficiary [Member]    
Investments:    
Cash 2 3
Loans receivable at fair value 30 28
Liabilities:    
Variable interest entity debt (includes financial instruments carried at fair value of $27 and $31) 33 43
Derivative liabilities $ 6 $ 6