Loss and Loss Adjustment Expense Reserves (Tables)

3 Months Ended

Mar. 31, 2017

Text Block [Abstract]

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

			As of March 31, 2017						As of December 31, 2016
In millions			Balance Sheet Line Item						Balance Sheet Line Item
			Insurance loss recoverable		Loan repurchase commitments		Loss and LAE reserves		Insurance loss recoverable		Loan repurchase commitments		Loss and LAE reserves
U.S. Public Finance Insurance			$	197	$	-	$	106	$	174	$	-	$	97
International and Structured Finance Insurance:
	Before VIE eliminations			1,200		409		687		551		404		650
	VIE eliminations			(911)		-		(234)		(221)		-		(206)
		Total international and structured finance insurance		289		409		453		330		404		444
	Total		$	486	$	409	$	559	$	504	$	404	$	541

Schedule Of Loss And Loss Adjustment Expenses Reserves

In millions

Changes in Loss and LAE Reserves for the Three Months Ended March 31, 2017

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

March 31,

2016

Reserves(1)

Discount

Rates

Assumptions

Revenue

Reserves

Other(2)

2017

$

541

$

(804)

$

1

$

5

$

96

$

4

$

2

$

714

$

559

____________

(1) - Includes payments made to satisfy the Zohar II Claim.

(2) - Primarily changes in the amount to satisfy the Zohar II Claim.

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

					Changes in Insurance Loss Recoverable and Recoveries on Unpaid Losses
					for the Three Months Ended March 31, 2017
		Gross														Gross
		Reserve		Collections												Reserve
		as of		for Cases		Accretion		Changes in				Changes in				as of
		December 31,		with		of		Discount		Changes in		LAE				March 31,
In millions		2016		Recoveries		Recoveries		Rates		Assumptions		Recoveries		Other(1)		2017
Insurance loss
	recoverable	$	504	$	(42)	$	2	$	3	$	(4)	$	-	$	23	$	486
Recoveries on unpaid
	losses (2)		79		-		-		1		(25)		(4)		-		51
Total		$	583	$	(42)	$	2	$	4	$	(29)	$	(4)	$	23	$	537
____________
(1) - Primarily changes in amount and timing of collections.
(2) - As of March 31, 2017 and December 31, 2016, excludes Puerto Rico recoveries, and as of December 31, 2016, the Zohar II recoveries, which have been netted against reserves.

Schedule Of Losses And Loss Adjustment Expenses

		Three Months Ended March 31,
In millions		2017		2016
U.S. Public Finance Insurance Segment		$	11	$	9
International and Structured Finance Insurance Segment:
	Second-lien RMBS		23		12
	First-lien RMBS		57		26
	CDOs		2		(31)
	Other(1)		1		6
Losses and LAE expense (benefit)		$	94	$	22
________________
(1) - Includes 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					89		5		3		326		423
Number of issues (1)					18		4		2		122		146
Remaining weighted average contract
	period (in years)				7.6		4.1		24.4		7.7		9.0
Gross insured contractual payments
	outstanding: (2)
		Principal		$	2,779	$	14	$	792	$	6,081	$	9,666
		Interest			2,729		3		3,538		2,612		8,882
			Total	$	5,508	$	17	$	4,330	$	8,693	$	18,548
Gross Claim Liability (3)				$	-	$	-	$	-	$	721	$	721
Less:
	Gross Potential Recoveries				-		-		-		704		704
	Discount, net (4)				-		-		-		(35)		(35)
Net claim liability (recoverable)				$	-	$	-	$	-	$	52	$	52
Unearned premium revenue				$	8	$	-	$	25	$	65	$	98
__________
(1) - An “issue” represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.
(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.
(3) - The gross claim liability with respect to Puerto Rico exposures are net of expected recoveries.
(4) - 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					90		6		3		331		430
Number of issues (1)					17		4		2		126		149
Remaining weighted average contract
	period (in years)				7.5		3.4		7.2		7.0		7.1
Gross insured contractual payments
	outstanding: (2)
		Principal		$	2,917	$	17	$	320	$	7,031	$	10,285
		Interest			2,795		4		107		2,777		5,683
			Total	$	5,712	$	21	$	427	$	9,808	$	15,968
Gross Claim Liability (3)				$	-	$	-	$	-	$	718	$	718
Less:
	Gross Potential Recoveries				-		-		-		770		770
	Discount, net (4)				-		-		-		(75)		(75)
Net claim liability (recoverable)				$	-	$	-	$	-	$	23	$	23
Unearned premium revenue				$	9	$	-	$	8	$	68	$	85
__________
(1) - An “issue” represents the aggregate of financial guarantee policies that share the same revenue source for purposes of making debt service payments on the insured debt.
(2) - Represents contractual principal and interest payments due by the issuer of the obligations insured by MBIA.
(3) - The gross claim liability with respect to Puerto Rico and Zohar II exposures are net of expected recoveries.
(4) - Represents discount related to Gross Claim Liability and Gross Potential Recoveries.