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Loss And Loss Adjustment Expense Reserves (Schedule Of Financial Guarantees And Related Claim Liability) (Detail)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2018
USD ($)
issue
policy
Dec. 31, 2017
USD ($)
issue
policy
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 319 375
Number of issues | issue [1] 131 144
Remaining weighted average contract period (in years) 9 years 8 years 10 months 24 days
Principal [2] $ 7,660 $ 8,964
Interest [2] 7,888 8,481
Total [2] 15,548 17,445
Gross claim liability [3] 1,076 1,082
Less: Gross potential recoveries [4] 2,058 782
Discount, net [5] (483) (178)
Net claim liability (recoverable) (499) 478
Unearned premium revenue 75 90
Reinsurance recoverables on paid and unpaid losses [6] $ 23 $ 17
Caution List Low [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 56 89
Number of issues | issue [1] 16 20
Remaining weighted average contract period (in years) 7 years 2 months 12 days 7 years 4 months 24 days
Principal [2] $ 1,933 $ 2,764
Interest [2] 2,314 2,676
Total [2] 4,247 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 $ 6 $ 9
Caution List Medium [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 20 5
Number of issues | issue [1] 6 4
Remaining weighted average contract period (in years) 8 years 4 years 3 months 18 days
Principal [2] $ 262 $ 13
Interest [2] 131 3
Total [2] 393 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 $ 4 $ 0
Caution List High [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 0 1
Number of issues | issue [1] 0 1
Remaining weighted average contract period (in years)   8 years 8 months 12 days
Principal [2] $ 0 $ 104
Interest [2] 0 46
Total [2] 0 150
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 $ 0 $ 4
Classified List [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 243 280
Number of issues | issue [1] 109 119
Remaining weighted average contract period (in years) 9 years 8 months 12 days 9 years 8 months 12 days
Principal [2] $ 5,465 $ 6,083
Interest [2] 5,443 5,756
Total [2] 10,908 11,839
Gross claim liability [3] 1,076 1,082
Less: Gross potential recoveries [4] 2,058 782
Discount, net [5] (483) (178)
Net claim liability (recoverable) (499) 478
Unearned premium revenue $ 65 $ 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.
[6]
Included in "Other assets" on the Company's consolidated balance sheet.