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Consolidated Statements Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Net realized investment gains (losses) $ (76) $ (41) $ 5
Net gains (losses) on financial instruments at fair value and foreign exchange 4 45 40
Net gains (losses) on extinguishment of debt 1 4 30
Fees and reimbursements 0 5 7
Total revenues 7 154 189
Expenses:      
Losses and loss adjustment 177 38 350
Interest 210 179 163
Total expenses 491 302 634
Income (loss) from continuing operations before income taxes (484) (148) (445)
Provision (benefit) for income taxes 0 1 0
Income (loss) from continuing operations (484) (149) (445)
Income (loss) from discontinued operations, net of income taxes (3) (54) 0
Net income (loss) (487) (203) (445)
Less: Net income from discontinued operations attributable to noncontrolling interest 4 (8) 0
Net income (loss) attributable to MBIA Inc. $ (491) $ (195) $ (445)
Net income (loss) per common share attributable to MBIA Inc. - basic and diluted      
Continuing operations - basic $ (10.03) $ (3) $ (8.99)
Continuing operations - diluted (10.03) (3) (8.99)
Discontinued operations - basic (0.15) (0.92) 0
Discontinued operations - diluted (0.15) (0.92) 0
Net income (loss) per common share attributable to MBIA Inc. - basic (10.18) (3.92) (8.99)
Net income (loss) per common share attributable to MBIA Inc. - diluted $ (10.18) $ (3.92) $ (8.99)
Weighted average number of common shares outstanding:      
Basic [1] 48,207,574 49,803,739 49,472,281
Diluted [1] 48,207,574 49,803,739 49,472,281
Non Variable Interest Entity [Member]      
Revenues:      
Scheduled premiums earned $ 35 $ 39 $ 64
Refunding premiums earned 2 14 10
Premiums earned (net of ceded premiums of $1, $1, and $16) 37 53 74
Net investment income 116 95 62
Net realized investment gains (losses) (76) (41) 5
Net gains (losses) on financial instruments at fair value and foreign exchange 4 45 40
Other net realized gains (losses) (5) (12) (6)
Expenses:      
Losses and loss adjustment 177 38 350
Amortization of deferred acquisition costs 5 8 6
Operating 87 68 91
Interest 210 179 163
Variable Interest Entity, Primary Beneficiary [Member]      
Revenues:      
Net gains (losses) on financial instruments at fair value and foreign exchange (45) (14) (8)
Other net realized gains (losses) (25) 19 (15)
Expenses:      
Operating 11 8 6
Interest $ 1 $ 1 $ 18
[1] Includes 0.6 million, 0.8 million and 0.9 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the years ended December 31, 2023, 2022 and 2021 respectively.