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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets    
Cash and cash equivalents $ 606 $ 1,258
Deferred income taxes, net 1,000  
Investments held-to-maturity, at amortized cost (fair value $2,730 and $2,651) 2,772 2,801
Total assets 16,201 16,953
Liabilities:    
Total liabilities 12,299 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 3,123 3,115
Retained earnings 2,838 2,289
Accumulated other comprehensive income (loss), net of tax of $17 and $54 (14) (86)
Treasury stock, at cost--88,167,959 and 85,562,546 shares (2,347) (2,318)
Total shareholders' equity of MBIA Inc. 3,881 3,278
Preferred stock of subsidiary and noncontrolling interest 21 21
Total equity 3,902 3,299
Total liabilities and equity 16,201 16,953
Non Variable Interest Entity [Member]
   
Assets    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $5,274 and $5,064) Investments held as available-for-sale, at fair value (amortized cost $0 and $136) 5,305 4,987
Investments carried at fair value 238 204
Investments pledged as collateral, at fair value (amortized cost $363 and $483) 330 424
Short-term investments held as available-for-sale, at fair value (amortized cost $1,147 and $1,203) 1,148 1,204
Other investments (includes investments at fair value of $13 and $11) 17 16
Total investments 7,038 6,835
Cash and cash equivalents 550 1,161
Premiums receivable 936 1,051
Deferred acquisition costs 229 260
Insurance loss recoverable 575 694
Assets held for sale 29 29
Gross deferred tax asset 1,047  
Deferred income taxes, net   1,109
Other assets 231 222
Liabilities:    
Unearned premium revenue 2,125 2,441
Loss and loss adjustment expense reserves 517 641
Investment agreements 659 700
Medium-term notes (includes financial instruments carried at fair value of $202 and $203) 1,229 1,427
Long-term debt 1,784 1,702
Derivative liabilities 428 1,152
Other liabilities 276 294
Variable Interest Entity Primary Beneficiary [Member]
   
Assets    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $5,274 and $5,064) Investments held as available-for-sale, at fair value (amortized cost $0 and $136) 0 136
Investments carried at fair value 471 587
Cash 56 97
Investments held-to-maturity, at amortized cost (fair value $2,730 and $2,651) 2,772 2,801
Loans receivable at fair value 1,902 1,612
Loan repurchase commitments 365 359
Liabilities:    
Derivative liabilities 7 11
Variable interest entity notes (includes financial instruments carried at fair value of $2,463 and $2,356) 5,235 5,286
Payable for loans purchased $ 39 $ 0