Insurance Premiums (Tables)

12 Months Ended

Dec. 31, 2016

Text Block [Abstract]

Rollforward of Premiums Receivable

In millions

Adjustments

Premiums

Premiums

Changes in

Accretion of

Premiums

Receivable as of

Premium

from New

Expected

Premiums

Receivable as of

December 31,

Payments

Business

Term of

Receivable

December 31,

2015

Received

Written

Policies

Discount

Other (1)

2016

$

792

$

(115)

$

10

$

(5)

$

19

$

(292)

$

409

__________

(1) - Primarily consists of premiums receivable of $267 million reported within "Assets held for sale" on MBIA's consolidated balance sheet.

In millions

Adjustments

Premiums

Premiums

Changes in

Accretion of

Premiums

Receivable as of

Premium

from New

Expected

Premiums

Receivable as of

December 31,

Payments

Business

Term of

Receivable

December 31,

2014

Received

Written

Policies

Discount

Other (1)

2015

$

875

$

(98)

$

5

$

(16)

$

21

$

5

$

792

__________

(1) - Includes premiums from third-parties on behalf of consolidated VIEs, offset by net unrealized losses due to changes in foreign currency exchange rates.

Undiscounted Future Premiums By Period

	Expected
	Collection of
In millions	Premiums
Three months ending:
March 31, 2017	$	7
June 30, 2017		16
September 30, 2017		8
December 31, 2017		15
Twelve months ending:
December 31, 2018		41
December 31, 2019		37
December 31, 2020		34
December 31, 2021		31
Five years ending:
December 31, 2026		126
December 31, 2031		82
December 31, 2036 and thereafter		109
Total	$	506

Unearned Premium Reserve And Future Premium Earnings

									Total
									Expected
	Unearned		Expected Future						Future
	Premium			Premium Earnings					Premium
In millions	Revenue		Upfront		Installments		Accretion		Earnings
December 31, 2016	$	958
Three months ending:
March 31, 2017		930	$	16	$	12	$	3	$	31
June 30, 2017		902		16		12		3		31
September 30, 2017		876		15		11		3		29
December 31, 2017		850		15		11		2		28
Twelve months ending:
December 31, 2018		754		55		41		10		106
December 31, 2019		667		50		37		9		96
December 31, 2020		588		45		34		8		87
December 31, 2021		516		40		32		7		79
Five years ending:
December 31, 2026		258		147		111		29		287
December 31, 2031		123		78		57		18		153
December 31, 2036 and thereafter		-		58		65		18		141
Total			$	535	$	423	$	110	$	1,068