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Schedule I - Investments
12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]  
Schedule I - Summary Of Investments, Other Than Investments In Related Parties

SCHEDULE I

MBIA INC. AND SUBSIDIARIES

SUMMARY OF INVESTMENTS, OTHER THAN INVESTMENTS IN RELATED PARTIES

December 31, 2023

(In millions)

 

 

 

 

 

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount at

 

 

 

 

 

 

 

 

 

 

 

 

 

which shown

 

 

 

 

 

 

 

 

 

 

 

 

 

in the

 

Type of investment

 

Cost

 

 

Fair Value

 

 

balance sheet

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

 

U.S. Treasury and government agency

 

$

214

 

 

$

198

 

 

$

198

 

 

State and municipal bonds

 

 

128

 

 

 

123

 

 

 

123

 

 

Foreign governments

 

 

13

 

 

 

11

 

 

 

11

 

 

Corporate obligations

 

 

504

 

 

 

417

 

 

 

417

 

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed agency

 

 

149

 

 

 

135

 

 

 

135

 

 

 

Residential mortgage-backed non-agency

 

 

31

 

 

 

26

 

 

 

26

 

 

 

Commercial mortgage-backed

 

 

14

 

 

 

13

 

 

 

13

 

 

Asset-backed securities:

 

 

 

 

 

 

 

 

 

 

 

Collateralized debt obligations

 

 

96

 

 

 

95

 

 

 

95

 

 

 

Other asset-backed

 

 

26

 

 

 

25

 

 

 

25

 

 

 

 

Total long-term available-for-sale

 

 

1,175

 

 

 

1,043

 

 

 

1,043

 

 

Short-term available-for-sale

 

 

513

 

 

 

514

 

 

 

514

 

 

 

 

Total available-for-sale

 

 

1,688

 

 

 

1,557

 

 

 

1,557

 

Investments at fair value

 

 

373

 

 

 

371

 

 

 

371

 

Other investments

 

3

 

 

 

3

 

 

 

3

 

 

 

 

Total investments

 

$

2,064

 

 

$

1,931

 

 

$

1,931

 

Assets of consolidated variable interest entities:

 

 

 

 

 

 

 

 

 

Investments at fair value

 

$

20

 

 

$

22

 

 

$

22

 

 

Loans receivable

 

 

47

 

 

 

35

 

 

 

35

 

 

 

 

 

Total investments of consolidated variable interest entities

$

67

 

 

$

57

 

 

$

57