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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Assets    
Cash and cash equivalents $ 600 $ 1,258
Gross deferred tax asset 986  
Deferred income taxes, net 950  
Investments held-to-maturity, at amortized cost (fair value $2,780 and $2,651) 2,787 2,801
Total assets 16,024 16,953
Liabilities:    
Total liabilities 12,216 13,654
Commitments and contingencies (See Note 13)      
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--281,359,451 and 277,812,430 281 278
Additional paid-in capital 3,118 3,115
Retained earnings 2,665 2,289
Accumulated other comprehensive income (loss), net of tax of $20 and $54 56 (86)
Treasury stock, at cost--86,924,313 and 85,562,546 shares (2,333) (2,318)
Total shareholders' equity of MBIA Inc. 3,787 3,278
Preferred stock of subsidiary and noncontrolling interest 21 21
Total equity 3,808 3,299
Total liabilities and equity 16,024 16,953
Non Variable Interest Entity [Member]
   
Assets    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $5,235 and $5,064) Investments held as available-for-sale, at fair value (amortized cost $0 and $136) 5,340 4,987
Investments carried at fair value 244 204
Investments pledged as collateral, at fair value (amortized cost $370 and $483) 341 424
Short-term investments held as available-for-sale, at fair value (amortized cost $1,218 and $1,203) 1,219 1,204
Other investments (includes investments at fair value of $13 and $11) 17 16
Total investments 7,161 6,835
Cash and cash equivalents 534 1,161
Premiums receivable 975 1,051
Deferred acquisition costs 243 260
Insurance loss recoverable 624 694
Assets held for sale 29 29
Gross deferred tax asset 986  
Deferred income taxes, net   1,109
Other assets 243 222
Liabilities:    
Unearned premium revenue 2,251 2,441
Loss and loss adjustment expense reserves 554 641
Investment agreements 660 700
Medium-term notes (includes financial instruments carried at fair value of $217 and $203) 1,286 1,427
Long-term debt 1,755 1,702
Derivative liabilities 449 1,152
Other liabilities 313 294
Variable Interest Entity Primary Beneficiary [Member]
   
Assets    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $5,235 and $5,064) Investments held as available-for-sale, at fair value (amortized cost $0 and $136) 0 136
Investments carried at fair value 474 587
Cash 66 97
Investments held-to-maturity, at amortized cost (fair value $2,780 and $2,651) 2,787 2,801
Loans receivable at fair value 1,539 1,612
Loan repurchase commitments 363 359
Liabilities:    
Derivative liabilities 11 11
Variable interest entity notes (includes financial instruments carried at fair value of $2,150 and $2,356) $ 4,937 $ 5,286