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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Investments:    
Assets held for sale $ 10 $ 11
Total assets 2,060 2,168
Liabilities:    
Liabilities held for sale 7 7
Total liabilities 4,227 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--283,186,115 283 283
Additional paid-in capital 2,453 2,492
Retained earnings (deficit) (1,717) (1,591)
Accumulated other comprehensive income (loss), net of tax of $7 and $7 (89) (128)
Treasury stock, at cost--232,696,456 and 232,215,934 shares (3,110) (3,145)
Total shareholders' equity of MBIA Inc. (2,180) (2,089)
Preferred stock of subsidiary 13 13
Total equity (2,167) (2,076)
Total liabilities and equity 2,060 2,168
Non Variable Interest Entity [Member]    
Investments:    
Fixed-maturity securities held as available-for-sale, at fair value 1,008 925
Investments carried at fair value 221 237
Short-term investments, at fair value (amortized cost $497 and $492) 497 492
Other investments at amortized cost 1 1
Total investments 1,727 1,655
Cash and cash equivalents 64 84
Premiums receivable (net of allowance for credit losses of $- and $- ) 125 133
Deferred acquisition costs 24 27
Insurance loss recoverable 39 185
Assets held for sale 10 11
Other assets 33 42
Liabilities:    
Unearned premium revenue 178 199
Loss and loss adjustment expense reserves 443 526
Long-term debt 2,853 2,741
Medium-term notes (includes financial instruments carried at fair value of $42 and $35) 463 440
Investment agreements 173 204
Liabilities held for sale 7 7
Other liabilities 67 78
Variable Interest Entity, Primary Beneficiary [Member]    
Investments:    
Cash 5 3
Loans receivable at fair value 33 28
Liabilities:    
Variable interest entity debt (includes financial instruments carried at fair value of $26 and $31) 32 43
Derivative liabilities $ 11 $ 6