Loss and Loss Adjustment Expense Reserves (Tables)

12 Months Ended

Dec. 31, 2015

Text Block [Abstract]

Schedule Of Losses And Loss Adjustment Expenses

		Years Ended December 31,
In millions		2015		2014		2013
U.S. Public Finance Insurance Segment		$	5	$	(10)	$	105
International and Structured Finance Insurance Segment:
	Second-lien RMBS		63		70		(2)
	First-lien RMBS		34		65		(70)
	Other(1)		21		8		84
Losses and LAE		$	123	$	133	$	117
________________
(1) - Includes CDOs, non-U.S. public finance and other issues.

Schedule Of Financial Guarantees And Related Claim Liability

				Surveillance Categories
				Caution		Caution		Caution
				List		List		List		Classified
$ in millions				Low		Medium		High		List		Total
Number of policies					57		18		171		165		411
Number of issues(1)					12		6		5		117		140
Remaining weighted average contract
	period (in years)				7.6		6.7		9.6		6.7		7.4
Gross insured contractual payments
	outstanding:(2)
		Principal		$	2,591	$	147	$	1,996	$	6,426	$	11,160
		Interest			2,733		57		1,038		2,419		6,247
			Total	$	5,324	$	204	$	3,034	$	8,845	$	17,407
Gross Claim Liability				$	-	$	-	$	-	$	797	$	797
Less:
	Gross Potential Recoveries				-		-		-		752		752
	Discount, net(3)				-		-		-		116		116
Net claim liability (recoverable)				$	-	$	-	$	-	$	(71)	$	(71)
Unearned premium revenue				$	8	$	2	$	33	$	55	$	98
__________
(1) - An “issue” represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments.
(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.
(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries.

				Surveillance Categories
				Caution		Caution		Caution
				List		List		List		Classified
$ in millions				Low		Medium		High		List		Total
Number of policies					38		98		4		175		315
Number of issues(1)					18		7		3		119		147
Remaining weighted average contract
	period (in years)				7.2		12.0		10.1		7.0		7.7
Gross insured contractual payments
	outstanding:(2)
		Principal		$	1,757	$	1,372	$	133	$	8,001	$	11,263
		Interest			696		819		68		3,037		4,620
			Total	$	2,453	$	2,191	$	201	$	11,038	$	15,883
Gross Claim Liability				$	-	$	-	$	-	$	850	$	850
Less:
	Gross Potential Recoveries				-		-		-		860		860
	Discount, net(3)				-		-		-		14		14
Net claim liability (recoverable)				$	-	$	-	$	-	$	(24)	$	(24)
Unearned premium revenue				$	63	$	19	$	5	$	80	$	167
__________
(1) - An “issue” represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments.
(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.
(3) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries.

Present Value Of The Probability-Weighted Future Claim Payments And Recoveries

		As of		As of
In millions		December 31, 2015		December 31, 2014
Loss reserves (claim liability)		$	470	$	464
LAE reserves			46		42
	Loss and LAE reserves	$	516	$	506
Insurance claim loss recoverable		$	(571)	$	(533)
LAE insurance loss recoverable			(6)		-
	Insurance loss recoverable	$	(577)	$	(533)
Reinsurance recoverable on unpaid losses		$	6	$	6
Reinsurance recoverable on unpaid LAE reserves			-		1
	Reinsurance recoverable on paid and unpaid losses	$	6	$	7

Schedule Of Loss And Loss Adjustment Expenses Reserves

In millions

Changes in Loss and LAE Reserves for the Year Ended December 31, 2015

Gross Loss

Loss

Gross Loss

and LAE

Payments

Accretion

Changes in

and LAE

Reserves as of

for Cases

of Claim

Changes in

Unearned

Changes in

Reserves as of

December 31,

with

Liability

Discount

Changes in

Premium

LAE

December 31,

2014

Reserves

Discount

Rates

Assumptions

Revenue

Reserves

Other(1)

2015

$

506

$

(200)

$

8

$

(41)

$

88

$

14

$

4

$

137

$

516

____________

(1) - Primarily changes in the amount of actual loss payments on a high yield corporate CDO.

In millions

Changes in Loss and LAE Reserves for the Year Ended December 31, 2014

Gross Loss

Loss

Gross Loss

and LAE

Payments

Accretion

Changes in

and LAE

Reserves as of

for Cases

of Claim

Changes in

Unearned

Changes in

Reserves as of

December 31,

with

Liability

Discount

Changes in

Premium

LAE

December 31,

2013

Reserves

Discount

Rates

Assumptions

Revenue

Reserves

Other(1)

2014

$

641

$

(157)

$

14

$

79

$

(35)

$

14

$

(19)

$

(31)

$

506

____________

(1) - Primarily changes in amount and timing of payments.

Schedule Of Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses

				Changes in Insurance Loss Recoverable and Recoveries on Unpaid Losses
				for the Year Ended December 31, 2015
		Gross														Gross
		Reserve		Collections												Reserve
		as of		for Cases		Accretion		Changes in				Changes in				as of
		December 31,		with		of		Discount		Changes in		LAE				December 31,
In millions		2014		Recoveries		Recoveries		Rates		Assumptions		Recoveries		Other(1)		2015
Insurance loss
	recoverable	$	533	$	(74)	$	8	$	1	$	140	$	6	$	(37)	$	577
Recoveries on unpaid
	losses		147		-		2		(2)		(46)		(1)		-		100
Total		$	680	$	(74)	$	10	$	(1)	$	94	$	5	$	(37)	$	677
____________
(1) Primarily changes in amount and timing of collections.

					Changes in Insurance Loss Recoverable and Recoveries on Unpaid Losses
					for the Year Ended December 31, 2014
		Gross														Gross
		Reserve		Collections												Reserve
		as of		for Cases		Accretion		Changes in				Changes in				as of
		December 31,		with		of		Discount		Changes in		LAE				December 31,
In millions		2013		Recoveries		Recoveries		Rates		Assumptions		Recoveries		Other(1)		2014
Insurance loss
	recoverable	$	694	$	(108)	$	13	$	18	$	(77)	$	-	$	(7)	$	533
Recoveries on unpaid
	losses		206		-		4		15		(79)		1		-		147
Total		$	900	$	(108)	$	17	$	33	$	(156)	$	1	$	(7)	$	680
____________
(1) Primarily changes in amount and timing of collections.