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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Cash and cash equivalents $ 1,258 $ 990
Premiums receivable 1,051 1,228
Deferred income taxes, net 1,100  
Investments held-to-maturity, at amortized cost (fair value $2,651 and $2,674) 2,801 2,829
Total assets 16,953 21,724
Liabilities:    
Long-term debt 1,702 1,732
Derivative liabilities 1,200 2,900
Total liabilities 13,654 18,530
Commitments and contingencies (See Note 21)      
Equity:    
Preferred stock, par value $1 per share; authorized shares--10,000,000; issued and outstanding--none 0 0
Common stock, par value $1 per share; authorized shares--400,000,000; issued shares--277,812,430 and 277,405,039 278 277
Additional paid-in capital 3,115 3,076
Retained earnings 2,289 2,039
Accumulated other comprehensive income (loss), net of tax of $54 and $21 (86) 56
Treasury stock, at cost--85,562,546 and 81,733,530 shares (2,318) (2,275)
Total shareholders' equity of MBIA Inc. 3,278 3,173
Preferred stock of subsidiary and noncontrolling interest 21 21
Total equity 3,299 3,194
Total liabilities and equity 16,953 21,724
Non Variable Interest Entity [Member]
   
Assets    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $5,064 and $4,347) Investments held as available-for-sale, at fair value (amortized cost $136 and $637) 4,987 4,485
Fixed-maturity securities at fair value 204 244
Investments pledged as collateral, at fair value (amortized cost $483 and $489) 424 443
Short-term investments held as available-for-sale, at fair value (amortized cost $1,203 and $662) 1,204 669
Other investments (includes investments at fair value of $11 and $12) 16 21
Total investments 6,835 5,862
Cash and cash equivalents 1,161 814
Premiums receivable 1,051 1,228
Deferred acquisition costs 260 302
Insurance loss recoverable 694 3,648
Property and equipment, at cost (less accumulated depreciation of $88 and $146) 8 69
Assets held for sale 29 0
Deferred income taxes, net 1,109 1,199
Other assets 214 268
Liabilities:    
Unearned premium revenue 2,441 2,938
Loss and loss adjustment expense reserves 641 853
Investment agreements 700 944
Medium-term notes (includes financial instruments carried at fair value of $203 and $165) 1,427 1,598
Long-term debt 1,702 1,732
Derivative liabilities 1,152 2,934
Other liabilities 294 245
Variable Interest Entity Primary Beneficiary [Member]
   
Assets    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $5,064 and $4,347) Investments held as available-for-sale, at fair value (amortized cost $136 and $637) 136 625
Fixed-maturity securities at fair value 587 1,735
Other assets 0 2
Cash 97 176
Investments held-to-maturity, at amortized cost (fair value $2,651 and $2,674) 2,801 2,829
Loans receivable at fair value 1,612 1,881
Loan repurchase commitments 359 1,086
Liabilities:    
Derivative liabilities 11 162
Variable interest entity notes (includes financial instruments carried at fair value of $2,356 and $3,659) $ 5,286 $ 7,124