Insurance Premiums (Tables)

12 Months Ended

Dec. 31, 2018

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,

2017

Received

Written

Policies

Discount (1)

Other (2)

2018

$

369

$

(74)

$

-

$

2

$

9

$

(10)

$

296

__________

(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,

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.

Undiscounted Future Premiums By Period

	Expected
	Collection of
In millions	Premiums
Three months ending:
March 31, 2019	$	4
June 30, 2019		12
September 30, 2019		6
December 31, 2019		12
Twelve months ending:
December 31, 2020		32
December 31, 2021		30
December 31, 2022		26
December 31, 2023		23
Five years ending:
December 31, 2028		86
December 31, 2033		54
December 31, 2038 and thereafter		72
Total	$	357

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, 2018	$	587
Three months ending:
March 31, 2019		569	$	9	$	9	$	2	$	20
June 30, 2019		552		9		8		2		19
September 30, 2019		535		9		8		2		19
December 31, 2019		518		9		8		2		19
Twelve months ending:
December 31, 2020		456		32		30		7		69
December 31, 2021		401		28		27		6		61
December 31, 2022		352		25		24		6		55
December 31, 2023		309		22		21		5		48
Five years ending:
December 31, 2028		158		81		70		20		171
December 31, 2033		79		42		37		12		91
December 31, 2038 and thereafter		-		33		46		11		90
Total			$	299	$	288	$	75	$	662