XML 73 R59.htm IDEA: XBRL DOCUMENT v3.20.4
Loss And Loss Adjustment Expense Reserves (Schedule Of Financial Guarantees And Related Claim Liability) (Detail)
$ in Millions
12 Months Ended
Dec. 31, 2020
USD ($)
issue
policy
Dec. 31, 2019
USD ($)
issue
policy
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 281 276
Number of issues | issue [1] 119 112
Remaining weighted average contract period (in years) 7 years 4 months 24 days 7 years 8 months 12 days
Principal [2] $ 4,847 $ 5,588
Interest [2] 3,469 3,885
Total 8,316 9,473
Gross claim liability [3] 1,088 965
Less: Gross potential recoveries [4] 1,947 2,184
Discount, net [5] (173) (453)
Net claim liability (recoverable) (686) (766)
Unearned premium revenue 45 48
Reinsurance recoverables on paid and unpaid losses [6] $ 11 $ 19
Caution List Low [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 46 45
Number of issues | issue [1] 16 13
Remaining weighted average contract period (in years) 6 years 4 months 24 days 7 years 3 months 18 days
Principal $ 1,422 [2] $ 1,546
Interest [2] 1,974 2,107
Total 3,396 3,653
Gross claim liability [3] 0 0
Less: Gross potential recoveries [4] 0 0
Discount, net [5] 0 0
Net claim liability (recoverable) 0 0
Unearned premium revenue $ 10 $ 6
Caution List Medium [Member]    
Loss And Loss Adjustment Expense Reserves [Line Items]    
Number of policies | policy 16 19
Number of issues | issue [1] 3 5
Remaining weighted average contract period (in years) 6 years 4 months 24 days 7 years 2 months 12 days
Principal [2] $ 123 $ 248
Interest [2] 54 110
Total 177 358
Gross claim liability [3] 0 0
Less: Gross potential recoveries [4] 0 0
Discount, net [5] 0 0
Net claim liability (recoverable) 0 0
Unearned premium revenue $ 0 $ 3
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
Principal [2] $ 0 $ 0
Interest [2] 0 0
Total 0 0
Gross claim liability [3] 0 0
Less: Gross potential recoveries [4] 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 219 212
Number of issues | issue [1] 100 94
Remaining weighted average contract period (in years) 7 years 10 months 24 days 7 years 10 months 24 days
Principal [2] $ 3,302 $ 3,794
Interest [2] 1,441 1,668
Total 4,743 5,462
Gross claim liability [3] 1,088 965
Less: Gross potential recoveries [4] 1,947 2,184
Discount, net [5] (173) (453)
Net claim liability (recoverable) (686) (766)
Unearned premium revenue $ 35 $ 39
[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.