Insurance Premiums (Tables)

12 Months Ended

Dec. 31, 2017

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,

2016

Received

Written

Policies

Discount (1)

Other (2)

2017

$

409

$

(50)

$

3

$

(15)

$

10

$

12

$

369

__________

(1) - Recorded within premiums earned on MBIA's consolidated statement of operations.

(2) - Primarily consists of realized gains due to changes in foreign currency exchange rates.

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 (1)

Other (2)

2016

$

792

$

(115)

$

10

$

(5)

$

19

$

(292)

$

409

__________

(1) - Recorded within premiums earned on MBIA's consolidated statement of operations.

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

Undiscounted Future Premiums By Period

	Expected
	Collection of
In millions	Premiums
Three months ending:
March 31, 2018	$	5
June 30, 2018		15
September 30, 2018		7
December 31, 2018		14
Twelve months ending:
December 31, 2019		38
December 31, 2020		35
December 31, 2021		32
December 31, 2022		28
Five years ending:
December 31, 2027		120
December 31, 2032		71
December 31, 2037 and thereafter		81
Total	$	446

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, 2017	$	752
Three months ending:
March 31, 2018		729	$	12	$	11	$	2	$	25
June 30, 2018		707		12		10		2		24
September 30, 2018		686		11		10		2		23
December 31, 2018		665		11		10		2		23
Twelve months ending:
December 31, 2019		587		41		37		9		87
December 31, 2020		516		37		34		8		79
December 31, 2021		452		33		31		7		71
December 31, 2022		395		30		27		7		64
Five years ending:
December 31, 2027		195		105		95		25		225
December 31, 2032		94		54		47		14		115
December 31, 2037 and thereafter		-		40		54		13		107
Total			$	386	$	366	$	91	$	843