Schedule IV - Reinsurance

12 Months Ended

Dec. 31, 2012

SCHEDULE IV

MBIA INC. AND SUBSIDIARIES

REINSURANCE

Years Ended December 31, 2012, 2011 and 2010

(In millions)


Column A Insurance Premium Written	Column B Direct Amount		Column C Ceded to Others		Column D Assumed From Other Companies		Column E Net Amount		Column F Percentage of Amount Assumed to Net
2012	$	17	$	2	$	2	$	17		12%

2011	$	(5)	$	3	$	(2)	$	(10)		20%

2010	$	(19)	$	(229)	$	7	$	217		3%

- Definition

The entire disclosure for the supplemental schedule of reinsurance information required to be filed for each period for which an audited income statement is presented. Reinsurance schedule includes the type of insurance, gross amount of premiums, premiums ceded to other companies, premiums assumed from other companies, net amount of premium revenue, and the percentage of the premiums assumed to net premium revenue.

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