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Variable Interest Entities (Tables)
6 Months Ended
Jun. 30, 2019
Text Block [Abstract]  
Summary Of Nonconsolidated VIEs Assets And Liabilities
 
June 30, 2019
 
 
   
Carrying Value of Assets
   
Carrying Value of Liabilities
 
In millions
 
Maximum
Exposure
to Loss
   
Investments
(1)
   
Premiums
Receivable
(2)
   
Insurance Loss
Recoverable
(3)
   
Unearned
Premium
Revenue
(4)
   
Loss and Loss
Adjustment
Expense
Reserves
(5)
 
Insurance:
   
     
     
     
     
     
 
Global structured finance:
   
     
     
     
     
     
 
Mortgage-backed residential
 
$
2,441
   
$
16
   
$
17
   
$
98
   
$
15
   
$
426
 
Mortgage-backed commercial
   
38
     
-
     
-
     
-
     
-
     
-
 
Consumer asset-backed
   
427
     
-
     
2
     
2
     
1
     
10
 
Corporate asset-backed
   
1,114
     
-
     
8
     
862
     
9
     
-
 
Total global structured finance
   
4,020
     
16
     
27
     
962
     
25
     
436
 
Global public finance
   
2,169
     
-
     
8
     
-
     
10
     
-
 
Total insurance
 
$
6,189
   
$
16
   
$
35
   
$
962
   
$
35
   
$
436
 
                                                 
 
(1) - Reported within “Investments” on MBIA’s consolidated balance sheets.
(2) - Reported within “Premiums receivable” on MBIA’s consolidated balance sheets.
(3) - Reported within “Insurance loss recoverable” on MBIA’s consolidated balance sheets.
(4) - Reported within “Unearned premium revenue” on MBIA’s consolidated balance sheets.
(5) - Reported within “Loss and loss adjustment expense reserves” on MBIA’s consolidated balance sheets.
 
December 31, 2018
 
 
   
Carrying Value of Assets
   
Carrying Value of Liabilities
 
In millions
 
Maximum
Exposure
to Loss
   
Investments
(1)
   
Premiums
Receivable
(2)
   
Insurance Loss
Recoverable
(3)
   
Unearned
Premium
Revenue
(4)
   
Loss and Loss
Adjustment
Expense
Reserves
(5)
 
Insurance:
   
     
     
     
     
     
 
Global structured finance:
   
     
     
     
     
     
 
Mortgage-backed residential
 
$
3,103
   
$
17
   
$
19
   
$
128
   
$
17
   
$
345
 
Mortgage-backed commercial
   
52
     
-
     
-
     
-
     
-
     
-
 
Consumer asset-backed
   
560
     
-
     
3
     
1
     
2
     
12
 
Corporate asset-backed
   
1,338
     
-
     
9
     
858
     
10
     
-
 
Total global structured finance
   
5,053
     
17
     
31
     
987
     
29
     
357
 
Global public finance
   
2,231
     
-
     
9
     
-
     
12
     
-
 
Total insurance
 
$
7,284
   
$
17
   
$
40
   
$
987
   
$
41
   
$
357
 
                                                 
 
(1) - Reported within “Investments” on MBIA’s consolidated balance sheets.
(2) - Reported within “Premiums receivable” on MBIA’s consolidated balance sheets.
(3) - Reported within “Insurance loss recoverable” on MBIA’s consolidated balance sheets.
(4) - Reported within “Unearned premium revenue” on MBIA’s consolidated balance sheets.
(5) - Reported within “Loss and loss adjustment expense reserves” on MBIA’s consolidated balance sheets.