Business Developments and Risks and Uncertainties (Tables)

12 Months Ended

Dec. 31, 2016

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Fair Value Of Subsidiary Sold

		As of
In millions		December 31, 2016
Fair Value of MBIA UK
Total expected consideration for sale of MBIA UK		$	306	(1)
Costs to sell			(8)
	Net fair value of MBIA UK, less costs to sell	$	298
__________
(1) - Amount includes the fair value of the Zohar II Notes received from the sale of MBIA UK less the cash payment of $23 million to Assured.

Pre-Tax Loss On Sale Of Subsidiary

		As of
In millions		December 31, 2016
Pre-tax loss on disposal of MBIA UK
Difference between the carrying value and the fair value of MBIA UK		$	(270)	(1)
Costs to sell			(8)
	Total pre-tax loss on adjusting MBIA UK to its fair value less costs to sell	$	(278)
__________
(1) - Includes $97 million of losses related to items that continue to be included in accumulated other comprehensive income (loss) until ultimate sale.

Assets And Liabilities Held For Sale

		As of
In millions		December 31, 2016
Assets
	Investments	$	466
	Cash and cash equivalents		73
	Premiums receivable		267
	Other assets		19
	Valuation allowance		(270)
	Total assets held for sale	$	555
Liabilities
	Unearned premium revenue	$	304
	Other liabilities		42
	Total liabilities held for sale	$	346