Schedule I

12 Months Ended

Dec. 31, 2011

Schedule I - 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, 2011

(In millions)

Type of investment	Cost		Fair Value		Amount at which shown in the balance sheet
Fixed-maturity:
Available-for-sale
U.S. Treasury and government agency	$	783	$	822	$	822
Foreign governments		264		286		286
Corporate obligations		1,437		1,375		1,375
Mortgage-backed securities:
Residential mortgage-backed agency		1,190		1,237		1,237
Residential mortgage-backed non-agency		306		255		255
Commercial mortgage-backed		57		48		48
Asset-backed securities:
Collateralized debt obligations		250		133		133
Other asset-backed		477		401		401
State and municipal bonds
Tax-exempt bonds		1,064		1,103		1,103
Taxable bonds		893		910		910
Sub-total available-for-sale		6,721		6,570		6,570
Short-term available-for-sale		1,697		1,691		1,691
Total available-for-sale		8,418		8,261		8,261
Fair Value		337		305		305
Total fixed maturity		8,755		8,566		8,566
Other Investments		145		127		127
Total investments	$	8,900	$	8,693	$	8,693
Assets of consolidated variable interest entities:
Available-for-sale
Corporate obligations		2		2		2
Mortgage-backed securities:
Residential mortgage-backed non-agency		119		93		93
Asset-backed securities:
Collateralized debt obligations		112		97		97
Other asset-backed		41		41		41
Other investments		199		199		199
Total available-for-sale		473		432		432
Fair Value		3,087		2,884		2,884
Held-to-maturity
Asset-backed securities:
Other asset-backed		3,843		3,489		3,843
Total held-to-maturity		3,843		3,489		3,843
Total investments of consolidated variable interest entities	$	7,403	$	6,805	$	7,159