Loss and Loss Adjustment Expense Reserves (Tables)

3 Months Ended

Mar. 31, 2019

Text Block [Abstract]

Present Value Of The Probability-Weighted Future Claim Payments And Recoveries

			As of March 31, 2019				As of December 31, 2018
In millions			Balance Sheet Line Item				Balance Sheet Line Item
			Insurance loss recoverable		Loss and LAE reserves		Insurance loss recoverable		Loss and LAE reserves
U.S. Public Finance Insurance
	Before VIE eliminations		$	630	$	478	$	571	$	551
	VIE eliminations			-		(75)		-		-
		Total U.S. public finance insurance		630		403		571		551
International and Structured Finance Insurance:
	Before VIE eliminations(1)			1,389		668		1,430		637
	VIE eliminations(1)			(436)		(265)		(437)		(254)
		Total international and structured finance insurance		953		403		993		383
	Total		$	1,583	$	806	$	1,564	$	934
		_________________
		(1) - Includes loan repurchase commitments of $420 million and $418 million as of March 31, 2019 and December 31, 2018, respectively.

Schedule Of Loss And Loss Adjustment Expenses Reserves

In millions

Changes in Loss and LAE Reserves for the Three Months Ended March 31, 2019

Gross Loss

Gross Loss

and LAE

Accretion

Changes in

and LAE

Reserves as of

of Claim

Changes in

Unearned

Changes in

Reserves as of

December 31,

Loss

Liability

Discount

Changes in

Premium

LAE

March 31,

2018

Payments

Discount

Rates

Assumptions

Revenue

Reserves

2019

$

934

$

(84)

$

5

$

(27)

$

(37)

$

24

$

(9)

$

806

Schedule Of Insurance Loss Recoverable And Changes In Recoveries On Unpaid Losses

			Changes in Insurance Loss Recoverable and Recoveries on Unpaid Losses
			for the Three Months Ended March 31, 2019
	Gross															Gross
	Reserve															Reserve
	as of				Accretion		Changes in					Changes in				as of
	December 31,		Collections		of		Discount		Changes in			LAE				March 31,
In millions	2018		for Cases		Recoveries		Rates		Assumptions			Recoveries		Other(1)		2019
Insurance loss recoverable	$	1,564	$	(58)	$	10	$	28	$	40	(2)	$	-	$	(1)	$	1,583
Recoveries on unpaid losses (3)		19		-		-		1		(1)			-		-		19
Total	$	1,583	$	(58)	$	10	$	29	$	39		$	-	$	(1)	$	1,602
____________
(1) - Primarily changes in amount and timing of collections.
(2) - Includes amounts which have been paid and are expected to be recovered in the future.
(3) - Excludes certain Puerto Rico recoveries which have been netted against reserves.

Schedule Of Financial Guarantees And Related Claim Liability

				Surveillance Categories
				Caution		Caution		Caution
				List		List		List		Classified
$ in millions				Low		Medium		High		List		Total
Number of policies					47		18		-		229		294
Number of issues (1)					15		4		-		99		118
Remaining weighted average contract
	period (in years)				6.6		7.8		-		7.6		7.4
Gross insured contractual payments
	outstanding: (2)
		Principal		$	1,527	$	249	$	-	$	4,267	$	6,043
		Interest			2,068		122		-		1,781		3,971
			Total	$	3,595	$	371	$	-	$	6,048	$	10,014
Gross Claim Liability (3)				$	-	$	-	$	-	$	928	$	928
Less:
	Gross Potential Recoveries (4)				-		-		-		1,999		1,999
	Discount, net (5)				-		-		-		(300)		(300)
Net claim liability (recoverable)				$	-	$	-	$	-	$	(771)	$	(771)
Unearned premium revenue				$	5	$	4	$	-	$	41	$	50
Reinsurance recoverable on paid and unpaid losses (6)												$	19
__________
(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 sheets.

				Surveillance Categories
				Caution		Caution		Caution
				List		List		List		Classified
$ in millions				Low		Medium		High		List		Total
Number of policies					50		18		-		233		301
Number of issues (1)					16		4		-		102		122
Remaining weighted average contract
	period (in years)				6.7		8.0		-		9.7		8.9
Gross insured contractual payments
	outstanding: (2)
		Principal		$	1,604	$	249	$	-	$	5,353	$	7,206
		Interest			2,118		123		-		5,414		7,655
			Total	$	3,722	$	372	$	-	$	10,767	$	14,861
Gross Claim Liability (3)				$	-	$	-	$	-	$	977	$	977
Less:
	Gross Potential Recoveries (4)				-		-		-		2,255		2,255
	Discount, net (5)				-		-		-		(670)		(670)
Net claim liability (recoverable)				$	-	$	-	$	-	$	(608)	$	(608)
Unearned premium revenue				$	5	$	4	$	-	$	63	$	72
Reinsurance recoverable on paid and unpaid losses (6)												$	21
__________
(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 sheets.