XML 77 R63.htm IDEA: XBRL DOCUMENT v3.8.0.1
Loss And Loss Adjustment Expense Reserves (Schedule Of Financial Guarantees And Related Claim Liability) (Detail)
$ in Millions
12 Months Ended
Dec. 31, 2017
USD ($)
issue
policy
Dec. 31, 2016
USD ($)
issue
policy
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 375 430
Number of issues | issue [1] 144 149
Remaining weighted average contract period (in years) 8 years 10 months 24 days 7 years 1 month 6 days
Principal [2] $ 8,964 $ 10,285
Interest [2] 8,481 5,683
Total [2] 17,445 15,968
Gross claim liability [3] 1,082 718
Less: Gross potential recoveries [4] 782 770
Discount, net [5] (178) (75)
Net claim liability (recoverable) 478 23
Unearned premium revenue $ 90 $ 85
Caution List Low [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 89 90
Number of issues | issue [1] 20 17
Remaining weighted average contract period (in years) 7 years 4 months 24 days 7 years 6 months
Principal [2] $ 2,764 $ 2,917
Interest [2] 2,676 2,795
Total [2] 5,440 5,712
Gross claim liability [3] 0 0
Less: Gross potential recoveries 0 0
Discount, net [5] 0 0
Net claim liability (recoverable) 0 0
Unearned premium revenue $ 9 $ 9
Caution List Medium [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 5 6
Number of issues | issue [1] 4 4
Remaining weighted average contract period (in years) 4 years 3 months 18 days 3 years 4 months 24 days
Principal [2] $ 13 $ 17
Interest [2] 3 4
Total [2] 16 21
Gross claim liability [3] 0 0
Less: Gross potential recoveries 0 0
Discount, net [5] 0 0
Net claim liability (recoverable) 0 0
Unearned premium revenue $ 0 $ 0
Caution List High [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 1 3
Number of issues | issue [1] 1 2
Remaining weighted average contract period (in years) 8 years 8 months 12 days 7 years 2 months 12 days
Principal [2] $ 104 $ 320
Interest [2] 46 107
Total [2] 150 427
Gross claim liability [3] 0 0
Less: Gross potential recoveries 0 0
Discount, net [5] 0 0
Net claim liability (recoverable) 0 0
Unearned premium revenue $ 4 $ 8
Classified List [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 280 331
Number of issues | issue [1] 119 126
Remaining weighted average contract period (in years) 9 years 8 months 12 days 7 years
Principal [2] $ 6,083 $ 7,031
Interest [2] 5,756 2,777
Total [2] 11,839 9,808
Gross claim liability [3] 1,082 718
Less: Gross potential recoveries [4] 782 770
Discount, net [5] (178) (75)
Net claim liability (recoverable) 478 23
Unearned premium revenue $ 77 $ 68
[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 for policies in a net payable position.
[4]
Gross potential recoveries with respect to certain Puerto Rico exposures are net of the claim liability for policies in a net recoverable position.
[5]
Represents discount related to Gross Claim Liability and Gross Potential Recoveries.