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Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2014

Text Block [Abstract]

Summary Of Nonconsolidated VIEs Assets And Liabilities

				June 30, 2014
										Carrying Value of Assets									Carrying Value of Liabilities
																						Loss and Loss
							Maximum												Unearned			Adjustment
				VIE			Exposure						Premiums			Insurance Loss			Premium			Expense			Derivative
In millions				Assets			to Loss			Investments⁽¹⁾			Receivable⁽²⁾			Recoverable⁽³⁾			Revenue⁽⁴⁾			Reserves⁽⁵⁾			Liabilities⁽⁶⁾
Insurance:
	Global structured finance:
		Collateralized debt obligations		$	8,399		$	6,267		$	117		$	30		$	0		$	25		$	8		$	96
		Mortgage-backed residential			15,622			8,274			9			48			587			46			322			5
		Mortgage-backed commercial			617			322			0			1			0			1			0			0
		Consumer asset-backed			6,372			2,450			0			18			0			16			10			0
		Corporate asset-backed			10,414			6,414			1			62			18			75			0			0
	Total global structured finance				41,424			23,727			127			159			605			163			340			101
	Global public finance				56,176			20,609			0			203			0			243			5			0
Total insurance⁽⁷⁾				$	97,600		$	44,336		$	127		$	362		$	605		$	406		$	345		$	101
__________
(1) - Reported within "Investments" on MBIA's consolidated balance sheets.
(2) - Reported within "Premiums receivable" on MBIA's consolidated balance sheets.
(3) - Reported within "Insurance loss recoverable" on MBIA's consolidated balance sheets.
(4) - Reported within "Unearned premium revenue" on MBIA's consolidated balance sheets.
(5) - Reported within "Loss and loss adjustment expense reserves" on MBIA's consolidated balance sheets.
(6) - Reported within "Derivative liabilities" on MBIA's consolidated balance sheets.
(7) - In addition, the Company holds a $4 million variable interest in a non-insurance VIE that invested in loans that totaled $179 million.

					December 31, 2013
											Carrying Value of Assets									Carrying Value of Liabilities
																							Loss and Loss
								Maximum												Unearned			Adjustment
					VIE			Exposure						Premiums			Insurance Loss			Premium			Expense			Derivative
In millions					Assets			to Loss			Investments⁽¹⁾			Receivable⁽²⁾			Recoverable⁽³⁾			Revenue⁽⁴⁾			Reserves⁽⁵⁾			Liabilities⁽⁶⁾
Insurance:
	Global structured finance:
		Collateralized debt obligations			$	12,565		$	7,693		$	120		$	43		$	-		$	37		$	21		$	108
		Mortgage-backed residential				21,738			9,251			10			53			658			51			327			5
		Mortgage-backed commercial				1,367			447			-			1			-			1			-			-
		Consumer asset-backed				7,830			2,740			9			19			-			19			13			-
		Corporate asset-backed				13,028			7,248			2			80			18			96			-			0
	Total global structured finance					56,528			27,379			141			196			676			204			361			113
	Global public finance					52,317			20,162			-			206			-			248			5			-
Total insurance					$	108,845		$	47,541		$	141		$	402		$	676		$	452		$	366		$	113
__________
(1) - Reported within "Investments" on MBIA's consolidated balance sheets.
(2) - Reported within "Premiums receivable" on MBIA's consolidated balance sheets.
(3) - Reported within "Insurance loss recoverable" on MBIA's consolidated balance sheets.
(4) - Reported within "Unearned premium revenue" on MBIA's consolidated balance sheets.
(5) - Reported within "Loss and loss adjustment expense reserves" on MBIA's consolidated balance sheets.
(6) - Reported within "Derivative liabilities" on MBIA's consolidated balance sheets.