Businesses, Developments, Risks And Uncertainties (Tables)

6 Months Ended

Jun. 30, 2011

Businesses, Developments, Risks And Uncertainties

Schedule Of Error Corrections And Prior Period Adjustments, Statement Of Operation

	Three Months Ended March 31, 2011
In millions	Balance as Reported			Correction of Error			Balance as Revised
Revenues:
Unrealized gains (losses) on insured derivatives	$	(1,323	)	$	(99	)	$	(1,422	)
Net change in fair value of insured derivatives		(1,677	)		(99	)		(1,776	)
Revenues of consolidated VIEs:
Net gains (losses) on financial instruments at fair value and foreign exchange		1			(108	)		(107	)
Total revenues		(1,400	)		(207	)		(1,607	)
Income (loss) before income taxes		(1,556	)		(207	)		(1,763	)
Provision (benefit) for income taxes		(419	)		(70	)		(489	)
Net income (loss)		(1,137	)		(137	)		(1,274	)
Net income (loss) per common share:
Basic	$	(5.68	)	$	(0.69	)	$	(6.37	)
Diluted	$	(5.68	)	$	(0.69	)	$	(6.37	)

Schedule Of Error Corrections And Prior Period Adjustments, Balance Sheet

	As of March 31, 2011
In millions	Balance as Reported		Correction of Error			Balance as Revised
Assets:
Deferred income taxes, net	$	1,293	$	70		$	1,363
Total assets		32,173		70			32,243
Liabilities:
Derivative liabilities		5,927		99			6,026
Liabilities of consolidated VIEs:
Derivative liabilities		1,910		108			2,018
Total liabilities		30,400		207			30,607
Equity:
Retained earnings		987		(137	)		850
Total shareholders' equity of MBIA Inc.		1,759		(137	)		1,622
Total equity		1,773		(137	)		1,636
Total liabilities and equity		32,173		70			32,243