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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Net realized investment gains (losses)     $ (6) $ (3)
Net gains (losses) on financial instruments at fair value and foreign exchange $ (12) $ (5) (29) (56)
Total revenues 15 [1] 29 [2] 52 [3] 5 [4]
Expenses:        
Losses and loss adjustment (50) 11 (34) 171
Interest 50 53 148 158
Total expenses 22 80 177 396
Income (loss) from continuing operations before income taxes (7) (51) (125) (391)
Provision (benefit) for income taxes 0 0 0 0
Income (loss) from continuing operations (7) (51) (125) (391)
Income (loss) from discontinued operations, net of income taxes (1) (1) (1) (2)
Net income (loss) (8) (52) (126) (393)
Less: Net income from discontinued operations attributable to noncontrolling interest 0 4 0 3
Net income (loss) attributable to MBIA Inc. $ (8) $ (56) $ (126) $ (396)
Net income (loss) per common share - basic and diluted        
Continuing operations - basic $ (0.15) $ (1.08) $ (2.54) $ (8.26)
Continuing operations - diluted (0.15) (1.08) (2.54) (8.26)
Discontinued operations - basic (0.02) (0.1) (0.03) (0.11)
Discontinued operations - diluted (0.02) (0.1) (0.03) (0.11)
Net income (loss) per common share attributable to MBIA Inc. - basic (0.17) (1.18) (2.57) (8.37)
Net income (loss) per common share attributable to MBIA Inc. - diluted $ (0.17) $ (1.18) $ (2.57) $ (8.37)
Weighted average number of common shares outstanding:        
Basic [5] 49,597,200 47,671,114 49,169,475 47,332,337
Diluted [5] 49,597,200 47,671,114 49,169,475 47,332,337
Non Variable Interest Entity [Member]        
Revenues:        
Scheduled premiums earned $ 7 $ 8 $ 21 $ 24
Refunding premiums earned 0 1 1 2
Total premiums earned (net of ceded premiums of $-, $-, $1, and $-) 7 9 22 26
Net investment income 17 20 54 65
Net realized investment gains (losses) (0) (0) (6) (3)
Net gains (losses) on financial instruments at fair value and foreign exchange (12) (5) (29) (56)
Fees and reimbursements 1 2 2 3
Other net realized gains (losses) 0 2 0 7
Expenses:        
Losses and loss adjustment (50) 11 (34) 171
Amortization of deferred acquisition costs 1 1 3 3
Operating 19 14 53 54
Interest 50 53 148 158
Variable Interest Entity, Primary Beneficiary [Member]        
Revenues:        
Net gains (losses) on financial instruments at fair value and foreign exchange 2 1 2 (23)
Other net realized gains (losses) 0 (0) 7 (14)
Expenses:        
Operating 2 1 6 9
Interest $ 0 $ 0 $ 1 $ 1
[1] Includes net investment income of $14 million, $6 million, $2 million, and ($5) million for the U.S. Public Finance, Corporate, International and Structured Finance, and Eliminations segments, respectively.
[2] Includes net investment income of $16 million, $7 million, $3 million, and ($6) million for the U.S. Public Finance, Corporate, International and Structured Finance, and Eliminations segments, respectively.
[3] Includes net investment income of $44 million, $19 million, $8 million, and ($17) million for the U.S. Public Finance, Corporate, International and Structured Finance, and Eliminations segments, respectively.
[4] Includes net investment income of $51 million, $23 million, $8 million, and ($17) million for the U.S. Public Finance, Corporate, International and Structured Finance, and Eliminations segments, respectively.
[5] Includes approximately 1 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the three and nine months ended September 30, 2025 and 2024.