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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, 2019
USD ($)
issue
policy
Dec. 31, 2018
USD ($)
issue
policy
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 294 301
Number of issues | issue [1] 118 122
Remaining weighted average contract period (in years) 7 years 4 months 24 days 8 years 10 months 24 days
Principal [2] $ 6,043 $ 7,206
Interest [2] 3,971 7,655
Total [2] 10,014 14,861
Gross claim liability [3] 928 977
Less: Gross potential recoveries [4] 1,999 2,255
Discount, net [5] (300) (670)
Net claim liability (recoverable) (771) (608)
Unearned premium revenue 50 72
Reinsurance recoverables on paid and unpaid losses [6] $ 19 $ 21
Caution List Low [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 47 50
Number of issues | issue [1] 15 16
Remaining weighted average contract period (in years) 6 years 7 months 6 days 6 years 8 months 12 days
Principal [2] $ 1,527 $ 1,604
Interest [2] 2,068 2,118
Total [2] 3,595 3,722
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 $ 5 $ 5
Caution List Medium [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 18 18
Number of issues | issue [1] 4 4
Remaining weighted average contract period (in years) 7 years 9 months 18 days 8 years
Principal [2] $ 249 $ 249
Interest [2] 122 123
Total [2] 371 372
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 $ 4
Caution List High [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 0 0
Number of issues | issue [1] 0 0
Remaining weighted average contract period (in years) 0 years 0 years
Principal [2] $ 0 $ 0
Interest [2] 0 0
Total [2] 0 0
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
Classified List [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 229 233
Number of issues | issue [1] 99 102
Remaining weighted average contract period (in years) 7 years 7 months 6 days 9 years 8 months 12 days
Principal [2] $ 4,267 $ 5,353
Interest [2] 1,781 5,414
Total [2] 6,048 10,767
Gross claim liability [3] 928 977
Less: Gross potential recoveries [4] 1,999 2,255
Discount, net [5] (300) (670)
Net claim liability (recoverable) (771) (608)
Unearned premium revenue $ 41 $ 63
[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.