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Loss And Loss Adjustment Expense Reserves (Schedule Of Financial Guarantees And Related Claim Liability) (Detail)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2018
USD ($)
issue
policy
Dec. 31, 2017
USD ($)
issue
policy
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 367 375
Number of issues | issue [1] 139 144
Remaining weighted average contract period (in years) 8 years 9 months 18 days 8 years 10 months 24 days
Principal [2] $ 8,617 $ 8,964
Interest [2] 8,248 8,481
Total [2] 16,865 17,445
Gross claim liability [3] 1,107 1,082
Less: Gross potential recoveries [4] 878 782
Discount, net [5] (248) (178)
Net claim liability (recoverable) 477 478
Unearned premium revenue $ 86 $ 90
Caution List Low [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 72 89
Number of issues | issue [1] 18 20
Remaining weighted average contract period (in years) 7 years 7 years 4 months 24 days
Principal [2] $ 2,371 $ 2,764
Interest [2] 2,451 2,676
Total [2] 4,822 5,440
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 $ 7 $ 9
Caution List Medium [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 19 5
Number of issues | issue [1] 5 4
Remaining weighted average contract period (in years) 8 years 6 months 4 years 3 months 18 days
Principal [2] $ 159 $ 13
Interest [2] 93 3
Total [2] 252 16
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 $ 1 $ 0
Caution List High [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 1 1
Number of issues | issue [1] 1 1
Remaining weighted average contract period (in years) 8 years 4 months 24 days 8 years 8 months 12 days
Principal [2] $ 104 $ 104
Interest [2] 46 46
Total [2] 150 150
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 $ 3 $ 4
Classified List [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 275 280
Number of issues | issue [1] 115 119
Remaining weighted average contract period (in years) 9 years 7 months 6 days 9 years 8 months 12 days
Principal [2] $ 5,983 $ 6,083
Interest [2] 5,658 5,756
Total [2] 11,641 11,839
Gross claim liability [3] 1,107 1,082
Less: Gross potential recoveries [4] 878 782
Discount, net [5] (248) (178)
Net claim liability (recoverable) 477 478
Unearned premium revenue $ 75 $ 77
[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 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.