Loss and Loss Adjustment Expense Reserves (Tables)

6 Months Ended

Jun. 30, 2016

Text Block [Abstract]

Schedule Of Losses And Loss Adjustment Expenses

		Three Months Ended June 30,				Six Months Ended June 30,
In millions		2016		2015		2016		2015
U.S. Public Finance Insurance Segment		$	9	$	8	$	18	$	2
International and Structured Finance Insurance Segment:
	Second-lien RMBS		21		36		34		29
	First-lien RMBS		35		(26)		61		(16)
	Other(1)		12		28		(14)		25
Losses and LAE expense (benefit)		$	77	$	46	$	99	$	40
________________
(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					56		7		5		344		412
Number of issues(1)					13		4		3		125		145
Remaining weighted average contract
	period (in years)				8.1		5.5		7.4		7.1		7.3
Gross insured contractual payments
	outstanding:(2)
		Principal		$	2,440	$	55	$	352	$	7,795	$	10,642
		Interest			2,679		16		121		3,173		5,989
			Total	$	5,119	$	71	$	473	$	10,968	$	16,631
Gross Claim Liability				$	-	$	-	$	-	$	738	$	738
Less:
	Gross Potential Recoveries				-		-		-		499		499
	Discount, net(3)				-		-		-		75		75
Net claim liability (recoverable)				$	-	$	-	$	-	$	164	$	164
Unearned premium revenue				$	7	$	1	$	9	$	75	$	92
__________
(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					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.

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

		As of		As of
In millions		June 30, 2016		December 31, 2015
Loss reserves (claim liability)		$	486	$	470
LAE reserves			60		46
	Loss and LAE reserves	$	546	$	516
Insurance claim loss recoverable		$	(363)	$	(571)
LAE insurance loss recoverable			(2)		(6)
	Insurance loss recoverable	$	(365)	$	(577)
Reinsurance recoverable on unpaid losses		$	6	$	6
Reinsurance recoverable on unpaid LAE reserves			1		-
	Reinsurance recoverable on paid and unpaid losses	$	7	$	6

Schedule Of Loss And Loss Adjustment Expenses Reserves

In millions

Changes in Loss and LAE Reserves for the Six Months Ended June 30, 2016

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

June 30,

2015

Reserves

Discount

Rates

Assumptions

Revenue

Reserves

Other(1)

2016

$

516

$

(47)

$

5

$

32

$

35

$

(12)

$

14

$

3

$

546

____________

(1) - Primarily changes in the 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 Six Months Ended June 30, 2016
		Gross														Gross
		Reserve		Collections												Reserve
		as of		for Cases		Accretion		Changes in				Changes in				as of
		December 31,		with		of		Discount		Changes in		LAE				June 30,
In millions		2015		Recoveries		Recoveries		Rates		Assumptions		Recoveries		Other(1)		2016
Insurance loss
	recoverable	$	577	$	(50)	$	3	$	10	$	(126)	$	(4)	$	(45)	$	365
Recoveries on unpaid
	losses		100		-		1		9		(24)		5		-		91
Total		$	677	$	(50)	$	4	$	19	$	(150)	$	1	$	(45)	$	456
____________
(1) Primarily changes in amount and timing of collections.