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Consolidated Statements Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Premiums earned:      
Net realized investment gains (losses) $ (41) $ 5 $ 48
Net gains (losses) on financial instruments at fair value and foreign exchange 45 40 (80)
Net gains (losses) on extinguishment of debt 4 30  
Total revenues 154 189 282
Expenses:      
Losses and loss adjustment 38 350 530
Interest 179 163 178
Total expenses 302 634 860
Income (loss) from continuing operations before income taxes (148) (445) (578)
Provision (benefit) for income taxes 1 0 0
Income (loss) from continuing operations (149) (445) (578)
Income (loss) from discontinued operations, net of income taxes (54) 0 0
Net income (loss) (203) (445) (578)
Less: Net income (loss) from discontinued operations attributable to noncontrolling interests (8) 0 0
Net income (loss) attributable to MBIA Inc. $ (195) $ (445) $ (578)
Net income (loss) per common share attributable to MBIA Inc.—basic and diluted      
Continuing operations - basic $ (3) $ (8.99) $ (9.78)
Continuing operations - diluted (3) (8.99) (9.78)
Discontinuing operations - basic (0.92) 0 0
Discontinuing operations - diluted (0.92) 0 0
Net income (loss) per common share attributable to MBIA Inc. - basic (3.92) (8.99) (9.78)
Net income (loss) per common share attributable to MBIA Inc. - diluted $ (3.92) $ (8.99) $ (9.78)
Weighted average number of common shares outstanding:      
Basic [1] 49,803,739 49,472,281 59,071,843
Diluted [1] 49,803,739 49,472,281 59,071,843
Non Variable Interest Entity [Member]      
Premiums earned:      
Scheduled premiums earned $ 39 $ 64 $ 59
Refunding premiums earned 14 10 14
Premiums earned (net of ceded premiums of $1, $16 and $5) 53 74 73
Net investment income 95 62 76
Net realized investment gains (losses) (41) 5 48
Net gains (losses) on financial instruments at fair value and foreign exchange 45 40 (80)
Net gains (losses) on extinguishment of debt 4 30 0
Fees and reimbursements 5 7 2
Other net realized gains (losses) (12) (6) 0
Expenses:      
Losses and loss adjustment 38 350 530
Amortization of deferred acquisition costs 8 6 10
Operating 68 91 87
Interest 179 163 178
Variable Interest Entity Primary Beneficiary [Member]      
Premiums earned:      
Net investment income 0 0 18
Net gains (losses) on financial instruments at fair value and foreign exchange (14) (8) 108
Other net realized gains (losses) 19 (15) 37
Expenses:      
Operating 8 6 5
Interest $ 1 $ 18 $ 50
[1] Includes 0.8 million, 0.9 million and 0.9 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the years ended December 31, 2022, 2021 and 2020, respectively.