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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Net realized investment gains (losses) $ (1) $ (3)
Net gains (losses) on financial instruments at fair value and foreign exchange 4 (13)
Net gains (losses) on extinguishment of debt 1 0
Total revenues 13 2
Expenses:    
Losses and loss adjustment 18 6
Interest 52 51
Total expenses 100 85
Income (loss) from continuing operations before income taxes (87) (83)
Provision (benefit) for income taxes 0 0
Income (loss) from continuing operations (87) (83)
Income (loss) from discontinued operations, net of income taxes 1 (3)
Net income (loss) (86) (86)
Less: Net income from discontinued operations attributable to noncontrolling interest 0 7
Net income (loss) attributable to MBIA Inc. $ (86) $ (93)
Net income (loss) per common share attributable to MBIA Inc. - basic and diluted    
Continuing operations - basic $ (1.88) $ (1.67)
Continuing operations - diluted (1.88) (1.67)
Discontinued operations - basic 0.04 (0.19)
Discontinued operations - diluted 0.04 (0.19)
Net income (loss) per common share attributable to MBIA Inc. - basic (1.84) (1.86)
Net income (loss) per common share attributable to MBIA Inc. - diluted $ (1.84) $ (1.86)
Weighted average number of common shares outstanding:    
Basic [1] 46,820,922 49,945,917
Diluted [1] 46,820,922 49,945,917
Non Variable Interest Entity [Member]    
Revenues:    
Total premiums earned (net of ceded premiums of $- and $-) $ 9 $ 10
Net investment income 23 26
Net realized investment gains (losses) (1) (3)
Net gains (losses) on financial instruments at fair value and foreign exchange 4 (13)
Other net realized gains (losses) 2 0
Expenses:    
Losses and loss adjustment 18 6
Amortization of deferred acquisition costs 1 2
Operating 25 22
Interest 52 51
Variable Interest Entity, Primary Beneficiary [Member]    
Revenues:    
Net gains (losses) on financial instruments at fair value and foreign exchange (25) (3)
Other net realized gains (losses) 0 (15)
Expenses:    
Operating $ 4 $ 4
[1] 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 months ended March 31, 2024 and 2023.