$MBI
MBIA INC Stock $mbi

$mbi Overview Financials Valuation SEC Filings Company Website

2015 Q4 Form 10-Q Financial Statement

#000119312515366241 Filed on November 04, 2015

Income Statement

Concept	2015 Q4	2015 Q3	2014 Q3
Revenue	$300.0M	$92.00M	$291.0M
YoY Change	38.89%	-68.38%	-30.71%
Cost Of Revenue		$39.00M	$20.00M
YoY Change		95.0%	-79.59%
Gross Profit		$53.00M	$271.0M
YoY Change		-80.44%	-15.84%
Gross Profit Margin		57.61%	93.13%
Selling, General & Admin		$46.00M	$59.00M
YoY Change		-22.03%	-26.25%
% of Gross Profit		86.79%	21.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$98.00M	$46.00M	$59.00M
YoY Change	-18.33%	-22.03%	-26.25%
Operating Profit		$7.000M	$212.0M
YoY Change		-96.7%	-12.4%
Interest Expense	-$60.00M	$49.00M	$52.00M
YoY Change	-1.64%	-5.77%	-11.86%
% of Operating Profit		700.0%	24.53%
Other Income/Expense, Net
YoY Change
Pretax Income	$139.0M	-$55.00M	$148.0M
YoY Change	308.82%	-137.16%	-13.45%
Income Tax	$57.00M	-$20.00M	-$25.00M
% Of Pretax Income	41.01%		-16.89%
Net Earnings	$82.00M	-$35.00M	$173.0M
YoY Change	310.0%	-120.23%	31.06%
Net Earnings / Revenue	27.33%	-38.04%	59.45%
Basic Earnings Per Share		-$0.23	$0.90
Diluted Earnings Per Share	$554.8K	-$0.23	$0.80
COMMON SHARES
Basic Shares Outstanding	153.0M shares	155.2M shares	187.1M shares
Diluted Shares Outstanding		155.2M shares	188.4M shares

Balance Sheet

Concept	2015 Q4	2015 Q3	2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$522.0M	$492.0M	$606.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$11.66B	$11.95B	$12.55B
YoY Change	-1.35%	-4.76%	-2.77%
Other Assets	$951.0M	$996.0M	$1.076B
YoY Change	-48.03%	-7.43%	-13.44%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets	$14.84B	$15.05B	$16.20B
YoY Change	-8.77%	-7.1%	-8.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities			$39.00M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt	$1.889B	$8.558B	$8.907B
YoY Change	4.36%	-3.92%	-5.0%
Other Long-Term Liabilities	$575.0M	$600.0M	$711.0M
YoY Change	-61.64%	-15.61%	-61.02%
Total Long-Term Liabilities	$1.889B	$9.158B	$9.618B
YoY Change	4.36%	-4.78%	-14.13%
TOTAL LIABILITIES
Total Short-Term Liabilities			$39.00M
Total Long-Term Liabilities	$1.889B	$9.158B	$9.618B
Total Liabilities	$11.10B	$11.34B	$12.30B
YoY Change	-10.05%	-7.82%	-14.78%
SHAREHOLDERS EQUITY
Retained Earnings	$3.038B	$2.956B	$2.838B
YoY Change	6.3%	4.16%	31.57%
Common Stock	$282.0M	$282.0M	$281.0M
YoY Change	0.36%	0.36%	1.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$2.668B	$2.659B	$2.347B
YoY Change	13.1%	13.29%	1.25%
Treasury Stock Shares	130.3M shares	128.9M shares	88.17M shares
Shareholders Equity	$3.729B	$3.702B	$3.881B
YoY Change
Total Liabilities & Shareholders Equity	$14.84B	$15.05B	$16.20B
YoY Change	-8.89%	-7.1%	-8.12%

Cashflow Statement

Concept	2015 Q4	2015 Q3	2014 Q3
OPERATING ACTIVITIES
Net Income	$82.00M	-$35.00M	$173.0M
YoY Change	310.0%	-120.23%	31.06%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$97.00M	$8.000M	$46.00M
YoY Change	-670.59%	-82.61%	-133.33%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	-$1.000M	-$6.000M
YoY Change	-100.0%	-83.33%	500.0%
Acquisitions
YoY Change
Other Investing Activities	$274.0M	$258.0M	$139.0M
YoY Change	-23.68%	85.61%	-74.77%
Cash From Investing Activities	$274.0M	$257.0M	$133.0M
YoY Change	-22.82%	93.23%	-75.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-128.0M	-355.0M	-165.0M
YoY Change	-7.25%	115.15%	-48.76%
NET CHANGE
Cash From Operating Activities	-97.00M	8.000M	46.00M
Cash From Investing Activities	274.0M	257.0M	133.0M
Cash From Financing Activities	-128.0M	-355.0M	-165.0M
Net Change In Cash	49.00M	-90.00M	14.00M
YoY Change	-79.06%	-742.86%	-84.44%
FREE CASH FLOW
Cash From Operating Activities	-$97.00M	$8.000M	$46.00M
Capital Expenditures	$0.00	-$1.000M	-$6.000M
Free Cash Flow	-$97.00M	$9.000M	$52.00M
YoY Change	-561.9%	-82.69%	-137.96%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2015Q3	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	3000000	USD
	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	448000000	USD
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	32000000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations	-5000000	USD
	us-gaap	Proceeds From Interest And Dividends Received ProceedsFromInterestAndDividendsReceived	263000000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	72000000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	58000000	USD
	mbi	Transfers Out Of Level Three TransfersOutOfLevelThree	122000000	USD
CY2014Q3	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	-10000000	USD
CY2015Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	155239723	shares
CY2015Q3	us-gaap	Available For Sale Securities Gross Realized Gains AvailableForSaleSecuritiesGrossRealizedGains	6000000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
CY2014Q4	mbi	Impact Of Non Performance Risk On Insured Derivative Liability ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability	92000000	USD
CY2015Q3	mbi	Number Of Policies NumberOfPolicies	417
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	139000000	USD
CY2014Q3	mbi	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax	0	USD
CY2014Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	103000000	USD
CY2014Q4	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Loss HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss	202000000	USD
	dei	Entity Central Index Key EntityCentralIndexKey	0000814585
CY2014Q4	mbi	Other Assets And Derivative Assets Vie After Counterparty Netting And Embedded Reclass OtherAssetsAndDerivativeAssetsVieAfterCounterpartyNettingAndEmbeddedReclass	2000000	USD
CY2014Q4	mbi	Derivative Fair Value Of Derivative Liability Net Of Counterparty Netting DerivativeFairValueOfDerivativeLiabilityNetOfCounterpartyNetting	456000000	USD
	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Recent </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' >Accounting Developments</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Revenue from Contracts with Customers (Topic 606) (ASU 2014-09)</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Deferral of the Effective Date</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >(ASU 201</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >5</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >-</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >14</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In May of 20</font><font style='font-family:Times New Roman;font-size:10pt;' >14, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 amends the accounting guidance for recognizing revenue for the transfer of goods or services from contracts with customers unless those contracts are within t</font><font style='font-family:Times New Roman;font-size:10pt;' >he scope of other accounting standards. </font><font style='font-family:Times New Roman;font-size:10pt;' >In August of 201</font><font style='font-family:Times New Roman;font-size:10pt;' >5</font><font style='font-family:Times New Roman;font-size:10pt;' >, the FASB issued ASU 201</font><font style='font-family:Times New Roman;font-size:10pt;' >5</font><font style='font-family:Times New Roman;font-size:10pt;' >-</font><font style='font-family:Times New Roman;font-size:10pt;' >1</font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' >, “Revenue from Contracts with Customers (Topic 606)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >—</font><font style='font-family:Times New Roman;font-size:10pt;' > Deferral of the Effective Date</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:10pt;' >”</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ASU </font><font style='font-family:Times New Roman;font-size:10pt;' >2015-14 defers the effective date of </font><font style='font-family:Times New Roman;font-size:10pt;' >ASU </font><font style='font-family:Times New Roman;font-size:10pt;' >2014-09 </font><font style='font-family:Times New Roman;font-size:10pt;' >to </font><font style='font-family:Times New Roman;font-size:10pt;' >interim and annual periods beginning January 1, </font><font style='font-family:Times New Roman;font-size:10pt;' >2018</font><font style='font-family:Times New Roman;font-size:10pt;' >, and is applied on a retrospective or modified retrospective basis. The Company is evaluating the impact of adopting ASU 2014-09.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Compensation-Stock Compensation (Topic 718</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >:</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (A Consensus of the FASB Emerging Issues Task Force) (ASU 2014-12)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In June of 2014, the FASB issued A</font><font style='font-family:Times New Roman;font-size:10pt;' >SU 2014-12, “Compensation-Stock Compensation (Topic 718</font><font style='font-family:Times New Roman;font-size:10pt;' >): </font><font style='font-family:Times New Roman;font-size:10pt;' >Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be </font><font style='font-family:Times New Roman;font-size:10pt;' >Achieved</font><font style='font-family:Times New Roman;font-size:10pt;' > after the Requisite Service Period.” ASU 2014-12 requires that a performance targ</font><font style='font-family:Times New Roman;font-size:10pt;' >et that affects vesting of share-based payment awards and that could be achieved after an employee’s requisite service period </font><font style='font-family:Times New Roman;font-size:10pt;' >be</font><font style='font-family:Times New Roman;font-size:10pt;' > accounted for as a performance condition. ASU 2014-12 is effective for interim and </font><font style='font-family:Times New Roman;font-size:10pt;' >annual periods beginning January 1, 2016 wit</font><font style='font-family:Times New Roman;font-size:10pt;' >h early adoption permitted, and is</font><font style='font-family:Times New Roman;font-size:10pt;' > applied on a prospective basis or retrospective basis. The adoption of ASU 2014-12 is not expected to materially impact the Company’s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Consolidation (Topic 810)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >:</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Measuring the Financial</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity (ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >13</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >) </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In August of 2014, the FASB issued ASU 2014-13, “Consolidation (Topic 810</font><font style='font-family:Times New Roman;font-size:10pt;' >)</font><font style='font-family:Times New Roman;font-size:10pt;' >: </font><font style='font-family:Times New Roman;font-size:10pt;' >Measuring the Financial Assets and the Financial Liabilities of a Consolida</font><font style='font-family:Times New Roman;font-size:10pt;' >ted Collateralized Financing Entity.”</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >ASU 2014-13 applies to a consolidated collateralized financing entity </font><font style='font-family:Times New Roman;font-size:10pt;' >defined as a consolidated VIE that holds financial assets and issues beneficial interests in those financial assets that are classified as financial</font><font style='font-family:Times New Roman;font-size:10pt;' > liabilities. </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company</font><font style='font-family:Times New Roman;font-size:10pt;' > may elect to measure the financial assets and the financial liabilities of a consolidated collateralized financing entity using a measurement alternative provided in ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' >. The measurement alternative requires both the finan</font><font style='font-family:Times New Roman;font-size:10pt;' >cial assets and the financial liabilities of the consolidated collateralized financing entity to be measured using the more observable of the fair value of the financial assets and the fair value of the financial liabilities with the changes in fair value </font><font style='font-family:Times New Roman;font-size:10pt;' >recognized to earnings. Upon adoption, a reporting entity may apply the measurement alternative to existing consolidated collateralized financing entities. ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' > is effective for interim and annual periods beginning January 1, 2016 with early adoptio</font><font style='font-family:Times New Roman;font-size:10pt;' >n permitted. The adoption of ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' > is not expected to materially impact the Company’s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Presentation of Financial Statements</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >—</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Going Concern (Subtopic 205-40)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >: </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Disclosure of Uncertainties about an Entity’s Ability t</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >o Continue as a Going Concern</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >(ASU 2014-</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >15</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In August of 2014, the </font><font style='font-family:Times New Roman;font-size:10pt;' >FASB issued ASU 2014-15, “Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.” ASU 2014-15 requires management to evaluate whether there are conditions </font><font style='font-family:Times New Roman;font-size:10pt;' >or events that raise substantial doubt about the entity’s ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the dat</font><font style='font-family:Times New Roman;font-size:10pt;' >e that the financial statements are issued. ASU 2014-15 is effective for the annual period end</font><font style='font-family:Times New Roman;font-size:10pt;' >ing</font><font style='font-family:Times New Roman;font-size:10pt;' > December 31, 2016 and for annual periods and interim periods thereafter with early adoption permitted. </font><font style='font-family:Times New Roman;font-size:10pt;' >The adoption of ASU 2014-15 is not expected to material</font><font style='font-family:Times New Roman;font-size:10pt;' >ly impact the Company’s consolidated financial statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Interest-Imputation of Interest (Subtopic 835-30)</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >: </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03)</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In April of 20</font><font style='font-family:Times New Roman;font-size:10pt;' >15, the FASB issued ASU 2015-03</font><font style='font-family:Times New Roman;font-size:10pt;' >, “Interest-Imputation of </font><font style='font-family:Times New Roman;font-size:10pt;' >Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” ASU 2015-03 requires debt issuance costs related to a debt liability measured at amortized cost to be reported in the balance sheet as a direct deduction from the face amount</font><font style='font-family:Times New Roman;font-size:10pt;' > of the debt liability. ASU 2015-03 is e</font><font style='font-family:Times New Roman;font-size:10pt;' >ffective for interim and </font><font style='font-family:Times New Roman;font-size:10pt;' >annual </font><font style='font-family:Times New Roman;font-size:10pt;' >periods beginning January 1, 2016 with early adoption permitted, and is</font><font style='font-family:Times New Roman;font-size:10pt;' > applied on a retrospective basis. The adoption of ASU 2015-03 is not expected to materially impact the Company’</font><font style='font-family:Times New Roman;font-size:10pt;' >s consolidated financial statements.</font></p><p style='text-align:left;line-height:12pt;' ></p></div>
CY2014Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	0	USD
CY2015Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	46000000	USD
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	187104785	shares
CY2015Q3	mbi	Derivative Liability Counterparty Netting DerivativeLiabilityCounterpartyNetting	1000000	USD
CY2015Q3	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold	0	USD
CY2015Q3	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	1547000000	USD
CY2015Q3	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	321000000	USD
CY2014Q4	mbi	Accumulated Other Comprehensive Income Loss Deferred Income Tax AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax	7000000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	52000000	USD
CY2015Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2014Q4	us-gaap	Common Stock Value CommonStockValue	281000000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	-11000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	23000000	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	392000000	USD
	us-gaap	Payments For Losses And Loss Adjustment Expense PaymentsForLossesAndLossAdjustmentExpense	68000000	USD
	us-gaap	Interest Paid Net InterestPaidNet	136000000	USD
CY2015Q3	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding	143
CY2014Q4	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue	1220000000	USD
	mbi	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax	-2000000	USD
CY2015Q3	us-gaap	Reinsurance Receivables Incurred But Not Reported Claims ReinsuranceReceivablesIncurredButNotReportedClaims	6000000	USD
CY2015Q3	mbi	Preferred Stock Of Subsidiary And Noncontrolling Interest Value PreferredStockOfSubsidiaryAndNoncontrollingInterestValue	12000000	USD
CY2014Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	150000000	USD
CY2014Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2014Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability	-24000000	USD
CY2015Q3	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue	2019000000	USD
CY2015Q3	us-gaap	Security Owned And Pledged As Collateral Fair Value SecurityOwnedAndPledgedAsCollateralFairValue	487000000	USD
CY2015Q3	us-gaap	Other Income OtherIncome	-1000000	USD
CY2015Q3	mbi	Held To Maturity Cumulative Other Than Temporary Impairment Of Securities HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities	0	USD
CY2015Q3	mbi	Transfers Into And Out Of Level One TransfersIntoAndOutOfLevelOne	0	USD
CY2015Q3	mbi	Approximate Percentage Of Level3 Liabilities At Fair Value In Total Liabilities Measured At Fair Value ApproximatePercentageOfLevel3LiabilitiesAtFairValueInTotalLiabilitiesMeasuredAtFairValue	0.53	pure
CY2014Q4	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	202000000	USD
CY2014Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-20000000	USD
CY2015Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	152955415	shares
CY2014Q3	mbi	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax	0	USD
	mbi	Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Change In Assumptions InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesChangeInAssumptions	47000000	USD
CY2015Q3	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	254000000	USD
CY2014Q3	us-gaap	Interest Expense InterestExpense	52000000	USD
CY2015Q3	mbi	Derivative Fair Value Of Derivative Asset Net Of Counterparty Netting DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting	15000000	USD
CY2015Q3	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	3000000000	USD
CY2014Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	0	USD
	mbi	Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses After Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax	-3000000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-61000000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	3000000	USD
CY2015Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	0	USD
CY2015Q3	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount	79000000	USD
CY2015Q3	mbi	Premiums Earned Net Financial Guarantee Insurance Contracts And Insured Derivatives PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives	90000000	USD
CY2015Q3	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	3000000	USD
CY2014Q4	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	0	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-47000000	USD
CY2014Q4	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	12000000	USD
CY2014Q4	us-gaap	Reinsurance Receivables Case Basis ReinsuranceReceivablesCaseBasis	7000000	USD
CY2014Q4	us-gaap	Security Owned And Pledged As Collateral Fair Value SecurityOwnedAndPledgedAsCollateralFairValue	532000000	USD
CY2015Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-10000000	USD
	mbi	Increase Decrease In Insurance Loss Recoverable IncreaseDecreaseInInsuranceLossRecoverable	-96000000	USD
	us-gaap	Effective Income Tax Rate Reconciliation Tax Contingencies EffectiveIncomeTaxRateReconciliationTaxContingencies	0.096	pure
CY2015Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.23
CY2014Q3	us-gaap	Revenues Revenues	291000000	USD
CY2015Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	128874339	shares
CY2014Q3	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	18000000	USD
CY2015Q3	mbi	Transfers Out Of Level Three TransfersOutOfLevelThree	77000000	USD
CY2015Q3	mbi	Impact Of Non Performance Risk On Insured Derivative Liability ImpactOfNonPerformanceRiskOnInsuredDerivativeLiability	42000000	USD
	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	454000000	USD
CY2014Q3	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	20000000	USD
CY2015Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2956000000	USD
	mbi	Segment Pretax Income Loss SegmentPretaxIncomeLoss	150000000	USD
CY2015Q3	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	39000000	USD
	mbi	Payments For Net Realized Losses On Insured Derivatives Paid PaymentsForNetRealizedLossesOnInsuredDerivativesPaid	42000000	USD
	mbi	Proceeds From Sales Maturities And Paydowns Of Fair Value And Trading Securities ProceedsFromSalesMaturitiesAndPaydownsOfFairValueAndTradingSecurities	550000000	USD
CY2015Q3	us-gaap	Assets Assets	15051000000	USD
CY2014Q4	us-gaap	Assets Assets	16284000000	USD
	us-gaap	Repayments Of Medium Term Notes RepaymentsOfMediumTermNotes	166000000	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	173000000	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	170566386	shares
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold	0	USD
CY2014Q4	us-gaap	Reinsurance Receivables Incurred But Not Reported Claims ReinsuranceReceivablesIncurredButNotReportedClaims	6000000	USD
	mbi	Increase Decrease In Loss Adjustment Expense Recoveries IncreaseDecreaseInLossAdjustmentExpenseRecoveries	-1000000	USD
	us-gaap	Net Income Loss NetIncomeLoss	98000000	USD
CY2015Q3	mbi	Revenue From Transactions With Other Operating Segments Of Same Entity RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity	0	USD
CY2015Q3	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Gain HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain	12000000	USD
CY2015Q3	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	0	USD
CY2014Q3	mbi	Transfers Out Of Level Three TransfersOutOfLevelThree	1000000	USD
CY2014Q4	us-gaap	Held To Maturity Securities Fair Value HeldToMaturitySecuritiesFairValue	2632000000	USD
CY2015Q3	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	25000000	USD
CY2015Q3	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries	755000000	USD
	us-gaap	Proceeds From Sale And Collection Of Loans Receivable ProceedsFromSaleAndCollectionOfLoansReceivable	172000000	USD
CY2014Q4	mbi	Reinsurance Recoverable On Unpaid Loss Adjustment Expenses ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses	1000000	USD
	us-gaap	Available For Sale Securities Gross Realized Gains Losses Sale Proceeds AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds	630000000	USD
CY2014Q3	us-gaap	Available For Sale Securities Gross Realized Gains AvailableForSaleSecuritiesGrossRealizedGains	4000000	USD
CY2014Q4	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss	202000000	USD
CY2015Q3	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	23000000	USD
CY2015Q3	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue	1417000000	USD
CY2014Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	59000000	USD
CY2014Q3	mbi	Revenues Of Consolidated Vies RevenuesOfConsolidatedVies	17000000	USD
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2014Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount	14000000	USD
CY2014Q4	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	6509000000	USD
	us-gaap	Interest Paid Net InterestPaidNet	130000000	USD
CY2015Q3	us-gaap	Net Income Loss NetIncomeLoss	-35000000	USD
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.23
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	185000000	USD
	mbi	Number Of Credit Support Annexes NumberOfCreditSupportAnnexes	1	pure
	mbi	Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax	-29000000	USD
CY2014Q4	mbi	Other Liabilities And Derivative Liabilities Vie After Counterparty Netting And Embedded Reclass OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass	437000000	USD
CY2015Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2014Q4	mbi	Derivative Fair Value Of Derivative Asset Net Of Counterparty Netting DerivativeFairValueOfDerivativeAssetNetOfCounterpartyNetting	10000000	USD
CY2014Q3	us-gaap	Available For Sale Securities Gross Realized Losses AvailableForSaleSecuritiesGrossRealizedLosses	0	USD
CY2015Q3	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	0	USD
CY2015Q3	mbi	Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax	-1000000	USD
CY2015Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1
	mbi	Segment Pretax Income Loss SegmentPretaxIncomeLoss	607000000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	534000000	USD
CY2015Q3	mbi	Available For Sale Cumulative Other Than Temporary Impairment Of Securities AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities	92000000	USD
	us-gaap	Payments For Operating Activities PaymentsForOperatingActivities	99000000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	49000000	USD
CY2015Q3	mbi	Transfers Out Of Level Two TransfersOutOfLevelTwo	3000000	USD
	mbi	Realized Gains Losses And Other Settlements On Insured Derivatives Total RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal	-30000000	USD
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses	0	USD
	us-gaap	Increase Decrease In Loss And Loss Adjustment Expense Reserve IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve	24000000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	pure
CY2015Q3	us-gaap	Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod	P7Y7M6D
CY2014Q4	mbi	Derivative Liability Counterparty Netting DerivativeLiabilityCounterpartyNetting	81000000	USD
	mbi	Transfers Into Level Two TransfersIntoLevelTwo	122000000	USD
	us-gaap	Interest Expense InterestExpense	158000000	USD
	us-gaap	Proceeds From Issuance Of Other Long Term Debt ProceedsFromIssuanceOfOtherLongTermDebt	21000000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	-15000000	USD
	mbi	Revenues Of Consolidated Vies RevenuesOfConsolidatedVies	46000000	USD
	mbi	Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesTax	-2000000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	26000000	USD
	mbi	Segment Revenue SegmentRevenue	1055000000	USD
	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	630000000	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	1220000000	USD
	us-gaap	Effective Income Tax Rate Reconciliation Tax Contingencies EffectiveIncomeTaxRateReconciliationTaxContingencies	0.347	pure
CY2015Q3	mbi	Accumulated Other Comprehensive Income Loss Deferred Income Tax AccumulatedOtherComprehensiveIncomeLossDeferredIncomeTax	23000000	USD
CY2015Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	0	USD
CY2014Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	0	USD
CY2014Q4	us-gaap	Liabilities Fair Value Disclosure Recurring LiabilitiesFairValueDisclosureRecurring	3463000000	USD
CY2014Q4	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue	2071000000	USD
	mbi	Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses Other InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLossesOther	-28000000	USD
CY2014Q3	us-gaap	Effective Income Tax Rate Reconciliation Tax Contingencies EffectiveIncomeTaxRateReconciliationTaxContingencies	-0.169	pure
CY2015Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	3133000000	USD
	mbi	Vie Interest Net VieInterestNet	51000000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	782000000	USD
CY2015Q3	us-gaap	Effective Income Tax Rate Reconciliation Tax Contingencies EffectiveIncomeTaxRateReconciliationTaxContingencies	0.364	pure
	mbi	Collections For Cases With Recoveries CollectionsForCasesWithRecoveries	56000000	USD
	us-gaap	Repayments Of Medium Term Notes RepaymentsOfMediumTermNotes	116000000	USD
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2015Q3	us-gaap	Treasury Stock Value TreasuryStockValue	2659000000	USD
CY2015Q3	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	80000000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	-9000000	USD
	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	0	USD
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	379000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	42000000	USD
CY2014Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-70000000	USD
	mbi	Proceeds From Consolidation Of Variable Interest Entity ProceedsFromConsolidationOfVariableInterestEntity	7000000	USD
	mbi	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesTax	-1000000	USD
	us-gaap	Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities	-56000000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3950000000	USD
CY2015Q3	mbi	Segment Pretax Income Loss SegmentPretaxIncomeLoss	-55000000	USD
CY2015Q3	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	176000000	USD
	mbi	Number Of Variable Interest Entities Consolidated NumberOfVariableInterestEntitiesConsolidated	1	pure
CY2015Q3	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows	0	USD
CY2014Q3	mbi	Expense From Transactions With Other Operating Segments Of Same Entity ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity	0	USD
CY2014Q3	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows	0	USD
CY2015Q3	us-gaap	Financial Guarantee Insurance Contracts Claim Liability Weighted Average Risk Free Discount Rate FinancialGuaranteeInsuranceContractsClaimLiabilityWeightedAverageRiskFreeDiscountRate	0.0156	pure
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	11000000	USD
CY2014Q3	mbi	Transfers Into Level Two TransfersIntoLevelTwo	1000000	USD
CY2014Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	5000000000	USD
CY2015Q3	us-gaap	Interest Expense InterestExpense	49000000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-23000000	USD
	mbi	Transfers Into Level Three TransfersIntoLevelThree	238000000	USD
CY2015Q3	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	0	shares
CY2015Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-35000000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	19000000	USD
CY2015Q3	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest	6958000000	USD
CY2014Q3	mbi	Segment Revenue SegmentRevenue	291000000	USD
CY2015Q3	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	29000000	USD
	dei	Trading Symbol TradingSymbol	MBI
CY2015Q3	mbi	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax	-2000000	USD
CY2015Q3	us-gaap	Held To Maturity Securities Accumulated Unrecognized Holding Loss HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss	277000000	USD
CY2014Q4	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	209000000	USD
	us-gaap	Payments For Losses And Loss Adjustment Expense PaymentsForLossesAndLossAdjustmentExpense	181000000	USD
	mbi	Expense From Transactions With Other Operating Segments Of Same Entity ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity	0	USD
	mbi	Transfers Out Of Level Three TransfersOutOfLevelThree	83000000	USD
	mbi	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax	-3000000	USD
	mbi	Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax	-80000000	USD
	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	0	shares
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1258000000	USD
CY2014Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
	us-gaap	Available For Sale Securities Gross Realized Gains Losses Sale Proceeds AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds	594000000	USD
	mbi	Payments For Net Realized Losses On Insured Derivatives Paid PaymentsForNetRealizedLossesOnInsuredDerivativesPaid	401000000	USD
	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	79000000	USD
CY2015Q3	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	6265000000	USD
	dei	Entity Registrant Name EntityRegistrantName	MBIA INC
	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	392000000	USD
CY2014Q3	mbi	Transfers Out Of Level Two TransfersOutOfLevelTwo	55000000	USD
	us-gaap	Increase Decrease In Deferred Policy Acquisition Costs IncreaseDecreaseInDeferredPolicyAcquisitionCosts	-30000000	USD
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	188428870	shares
CY2014Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	1000000000	USD
CY2014Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1029777	shares
CY2014Q3	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses	0	USD
CY2014Q4	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	145000000	USD
CY2014Q3	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	14000000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	621000000	USD
CY2014Q3	mbi	Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax	-79000000	USD
	mbi	Premiums Earned Net Financial Guarantee Insurance Contracts And Insured Derivatives PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives	288000000	USD
CY2015Q3	us-gaap	Revenues Revenues	92000000	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	516000000	USD
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	169610370	shares
	mbi	Expenses Of Consolidated Vies ExpensesOfConsolidatedVies	39000000	USD
CY2015Q3	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	25000000	USD
CY2014Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax	0	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-4000000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	50000000	USD
CY2014Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	772000000	USD
	us-gaap	Proceeds From Sale Of Available For Sale Securities ProceedsFromSaleOfAvailableForSaleSecurities	594000000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	543000000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	297000000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	67000000	USD
	mbi	Vie Interest Net VieInterestNet	56000000	USD
	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	88000000	USD
CY2015Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q3	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	5000000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	-10000000	USD
	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-33000000	USD
	us-gaap	Payments For Operating Activities PaymentsForOperatingActivities	198000000	USD
CY2014Q4	mbi	Investment Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions For Continuous Twelve Month Period InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod	143	security
CY2015Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax	-6000000	USD
	us-gaap	Proceeds From Insurance Premiums Collected ProceedsFromInsurancePremiumsCollected	66000000	USD
CY2015Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-20000000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-19000000	USD
CY2014Q4	us-gaap	Derivative Assets Liabilities At Fair Value Net DerivativeAssetsLiabilitiesAtFairValueNet	244000000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-290000000	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	17975504	shares
CY2014Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	32450109	shares
CY2015Q3	mbi	Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses After Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax	0	USD
CY2014Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue	167000000	USD
	mbi	Payments To Acquire Fair Value Option And Trading Securities PaymentsToAcquireFairValueOptionAndTradingSecurities	324000000	USD
	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	99000000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3000000	USD
	mbi	Realized Gains Losses And Other Settlements On Insured Derivatives Total RealizedGainsLossesAndOtherSettlementsOnInsuredDerivativesTotal	0	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	91000000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-16000000	USD
CY2015Q3	mbi	Transfers Into Level Two TransfersIntoLevelTwo	77000000	USD
CY2015Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3714000000	USD
CY2014Q3	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	289756	shares
CY2014Q4	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries	860000000	USD
CY2015Q3	us-gaap	Liabilities Liabilities	11337000000	USD
CY2015Q3	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	158000000	USD
CY2014Q4	mbi	Derivative Asset Counterparty Netting Amount Fair Value DerivativeAssetCounterpartyNettingAmountFairValue	81000000	USD
	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	72000000	USD
	us-gaap	Increase Decrease In Loss And Loss Adjustment Expense Reserve IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve	124000000	USD
CY2015Q3	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses	3000000	USD
	mbi	Increase Decrease In Other Net Realized Gains Losses IncreaseDecreaseInOtherNetRealizedGainsLosses	-18000000	USD
	mbi	Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesBeforeTax	-5000000	USD
	mbi	Increase Decrease In Other Net Realized Gains Losses IncreaseDecreaseInOtherNetRealizedGainsLosses	-28000000	USD
CY2014Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	21000000	USD
CY2015Q3	us-gaap	Common Stock Value CommonStockValue	282000000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax	0	USD
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold	174000000	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	121000000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	-3000000	USD
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.62
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-886000000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-652000000	USD
	mbi	Payments For Deconsolidation Of Variable Interest Entity PaymentsForDeconsolidationOfVariableInterestEntity	0	USD
	us-gaap	Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities	-899000000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	9000000	USD
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows	0	USD
	mbi	Payments To Acquire Fair Value Option And Trading Securities PaymentsToAcquireFairValueOptionAndTradingSecurities	457000000	USD
CY2014Q4	mbi	Insurance Loss Recoverable InsuranceLossRecoverable	533000000	USD
	mbi	Proceeds From Consolidation Of Variable Interest Entity ProceedsFromConsolidationOfVariableInterestEntity	221000000	USD
	mbi	Revenue From Transactions With Other Operating Segments Of Same Entity RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity	0	USD
	us-gaap	Available For Sale Securities Gross Realized Gains AvailableForSaleSecuritiesGrossRealizedGains	14000000	USD
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.55
	mbi	Unvested Restricted Stock And Units That Receive Nonforfeitable Dividends Or Dividend Equivalents That Have Met Service Condition UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition	619889	shares
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses	9000000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	121000000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-13000000	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	31817467	shares
	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	29000000	USD
CY2014Q3	mbi	Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange	57000000	USD
	mbi	Transfers Out Of Level Two TransfersOutOfLevelTwo	238000000	USD
	us-gaap	Nature Of Operations NatureOfOperations	<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Note 1: Business Developments and Risks and Uncertainties</font></p><p style='text-align:left;margin-top:13pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Summary</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc., together with its consolidated subsidiaries, (collectively, “</font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' >” or the “Company”) operates one of the largest financial guarantee insurance businesses in the industry and was a provider of asset management and advisory </font><font style='font-family:Times New Roman;font-size:10pt;' >services. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > manages three operating segments: 1) United States (“U.S.”) public finance insurance; 2) international and structured finance insurance; and 3) corporate.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >The Company’s U.S. public finance insurance business is primarily operated through Nat</font><font style='font-family:Times New Roman;font-size:10pt;' >ional Public Finance Guarantee Corporation and its subsidiaries (“National”) and its international and structured finance insurance business is primarily operated through </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Insurance Corporation and its subsidiaries (“</font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.”). Unless otherwise indi</font><font style='font-family:Times New Roman;font-size:10pt;' >cated or the context otherwise requires, references to “</font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.” are to </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Insurance Corporation, together with its subsidiaries, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > UK Insurance Limited (“</font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > UK”) and </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Mexico S.A. de C.V (“</font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Mexico”). </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Prior to 2015, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > managed two othe</font><font style='font-family:Times New Roman;font-size:10pt;' >r operating segments, advisory services and conduit. The advisory services segment was primarily operated through Cutwater Holdings, LLC and its subsidiaries (“Cutwater”). Effective on January 1, 2015, the Company exited its advisory services business thro</font><font style='font-family:Times New Roman;font-size:10pt;' >ugh the sale of Cutwater. During the second quarter of 2014, the Company dissolved its conduit segment through the liquidation of Meridian Funding Company, LLC (“Meridian”). </font><font style='font-family:Times New Roman;font-size:10pt;' >Refer to “</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 10: Business Segments</font><font style='font-family:Times New Roman;font-size:10pt;' >” for further information about the Company’s operating segme</font><font style='font-family:Times New Roman;font-size:10pt;' >nts.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Business Developments</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >National Ratings and New Business Opportunities</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >National’s ability to write new business and compete with other financial guarantors is largely dependent on the financial strength ratings assigned to National by major rating agen</font><font style='font-family:Times New Roman;font-size:10pt;' >cies. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >September 30,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the major rating agencies affirmed the following ratings of National: </font><font style='font-family:Times New Roman;font-size:10pt;' >AA+ with a stable outlook by Kroll Bond Rating Agency; AA</font><font style='font-family:Times New Roman;font-size:10pt;' >- with a stable outlook</font><font style='font-family:Times New Roman;font-size:10pt;' > by </font><font style='font-family:Times New Roman;font-size:10pt;' >Standard & Poor’s Financial Services LLC (“S&P”)</font><font style='font-family:Times New Roman;font-size:10pt;' >; and A3 with a neg</font><font style='font-family:Times New Roman;font-size:10pt;' >ative outlook by </font><font style='font-family:Times New Roman;font-size:10pt;' >Moody’s Investors Service, Inc. (“Moody’s”)</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >National seeks to generate shareholder value through appropriate risk adjusted pricing; however, current market conditions and the competitive landscape may limit National’s new business opport</font><font style='font-family:Times New Roman;font-size:10pt;' >unities and its abilities to price and underwrite risk with attractive returns. Refer to “Risks and Uncertainties” below for a discussion of business risks related to National’s insured portfolio.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Sale of </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > Inc. Common Stock</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >During the </font><font style='font-family:Times New Roman;font-size:10pt;' >nine months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >September 30,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, investment funds affiliated with Warburg Pincus LLC (“Warburg”), the largest holder of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. common stock, sold all of its </font><font style='font-family:Times New Roman;font-size:10pt;' >45.7</font><font style='font-family:Times New Roman;font-size:10pt;' > million shares of the Company’s common stock. Warburg received all of the net proceeds from th</font><font style='font-family:Times New Roman;font-size:10pt;' >is offering. In connection with this sale, National and the Company repurchased </font><font style='font-family:Times New Roman;font-size:10pt;' >8 </font><font style='font-family:Times New Roman;font-size:10pt;' >million shares and 7.6 million shares, respectively.</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Held For Sale Classifications</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Armonk, New York Facility</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >During the </font><font style='font-family:Times New Roman;font-size:10pt;' >nine</font><font style='font-family:Times New Roman;font-size:10pt;' > months ended </font><font style='font-family:Times New Roman;font-size:10pt;' >September 30,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, the </font><font style='font-family:Times New Roman;font-size:10pt;' >Company sold its Armonk, New York facility and recorded an impairment charge of $</font><font style='font-family:Times New Roman;font-size:10pt;' >4</font><font style='font-family:Times New Roman;font-size:10pt;' > million to adjust the carrying amount to the sale</font><font style='font-family:Times New Roman;font-size:10pt;' > price less costs to sell. The impairment charge was reflected in the results of the Company’s U.S. public finance insuranc</font><font style='font-family:Times New Roman;font-size:10pt;' >e segment and included in “Other net realized gains (losses)” on the Company’s consolidated statements of operations. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Sale of </font><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;' >Cutwater Business</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As a result of the agreement to sell Cutwater, the assets and liabilities of Cutwater were classified as held </font><font style='font-family:Times New Roman;font-size:10pt;' >for sale as of December 31, 2014 and presented within “Assets held for sale” and “Liabilities </font><font style='font-family:Times New Roman;font-size:10pt;' >held for sale” on the Company’s consolidated balance sheet and measured at the lower of its carrying value or fair value less costs</font><font style='font-family:Times New Roman;font-size:10pt;' > to sell. The Company completed </font><font style='font-family:Times New Roman;font-size:10pt;' >this sale effective </font><font style='font-family:Times New Roman;font-size:10pt;' >January 1, 2015, and recorded a gain of approximately $</font><font style='font-family:Times New Roman;font-size:10pt;' >24</font><font style='font-family:Times New Roman;font-size:10pt;' > million. This gain was reflected in the results of the Company’s corporate segment and included in </font><font style='font-family:Times New Roman;font-size:10pt;' >“Other net realized gains (losses)” on the Company’s consolidated statements of</font><font style='font-family:Times New Roman;font-size:10pt;' > operations.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Assets and Liabilities Held for Sale by Major Category</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The following table summarizes the components of assets and liabilities held for sale as of </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.75pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:left;border-color:Black;min-width:97.5pt;' ></td><td style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:9.75pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td colspan='3' rowspan='1' style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >In millions</font></td><td style='width:15pt;text-align:center;border-color:Black;min-width:15pt;' ></td><td colspan='2' rowspan='1' style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:105pt;' ><font style='font-family:Times New Roman;font-size:8.5pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td><td style='width:49.5pt;text-align:center;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td colspan='3' rowspan='1' style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:97.5pt;' ></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Investments carried at fair value</font></td><td style='width:15pt;text-align:left;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >6</font></td><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >15</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Facility</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >26</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other assets</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >4</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Assets of consolidated variable interest entities:</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Cash</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >40</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Loans receivable at fair value</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >711</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > Total assets held for sale</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >802</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:5.25pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:double;border-top-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;border-top-style:double;border-top-width:3;text-align:right;border-color:Black;min-width:97.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td colspan='3' rowspan='1' style='width:258.75pt;text-align:left;border-color:Black;min-width:258.75pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Liabilities</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Other liabilities </font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >18</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td colspan='2' rowspan='1' style='width:242.25pt;text-align:left;border-color:Black;min-width:242.25pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Liabilities of consolidated variable interest entities:</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:left;border-color:Black;min-width:97.5pt;' ></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Variable interest entity notes</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >431</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Payable for loans purchased</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:97.5pt;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >323</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr><tr style='height:12pt;' ><td style='width:49.5pt;text-align:left;border-color:Black;min-width:49.5pt;' ></td><td style='width:16.5pt;text-align:left;border-color:Black;min-width:16.5pt;' ></td><td style='width:15.75pt;text-align:left;border-color:Black;min-width:15.75pt;' ></td><td style='width:226.5pt;text-align:left;border-color:Black;min-width:226.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > Total liabilities held for sale</font></td><td style='width:15pt;text-align:right;border-color:Black;min-width:15pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:center;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >$</font></td><td style='width:97.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;border-color:Black;min-width:97.5pt;' ><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >772</font></td><td style='width:49.5pt;text-align:right;border-color:Black;min-width:49.5pt;' ></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0pt;' >Risks and Uncertainties</font></p><p style='text-align:left;margin-top:4.5pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Company’s financial statements include estimates and assumptions</font><font style='font-family:Times New Roman;font-size:10pt;' > that affect the reported amounts of assets, liabilities, revenues and expenses. The outcome of certain significant risks and uncertainties could cause the Company to revise its estimates and assumptions or could cause actual results to differ from the Com</font><font style='font-family:Times New Roman;font-size:10pt;' >pany’s estimates. The discussion below highlights the significant risks and uncertainties that could have a material effect on the Company’s financial statements and business objectives in future periods. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >U.S. Public Finance Market Conditions</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >National’s </font><font style='font-family:Times New Roman;font-size:10pt;' >insured portfolio continued to perform satisfactorily against a backdrop of strengthening domestic economic activity. While this trend will generally benefit tax revenues and fees charged for essential municipal services which secure National’s insured bon</font><font style='font-family:Times New Roman;font-size:10pt;' >d portfolio, some state and local governments and territory obligors National insures remain under financial and budgetary stress. This could lead to an increase in defaults by such entities on the payment of their obligations and losses or impairments on </font><font style='font-family:Times New Roman;font-size:10pt;' >a greater number of the Company’s insured transactions. The Company monitors and analyzes these situations and other stressed credits closely, and the overall extent and duration of this stress i</font><font style='font-family:Times New Roman;font-size:10pt;' >s uncertain. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' > Corp. Recoveri</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >es and Insured Portfolio </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.’s primary focus is the collection of excess spread and put-back recoveries and the mitigation of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.’s insurance exposures, primarily through commutations of insurance policies. </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. may make negotiated settlement payments to counterparties and/or forego its right to all or some termination premiums when it commutes insurance exposures. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >he amount and timing of projected collections from excess spread from second-lien residential mortgage-backed securities (“RMBS”) and the put-back recoverable from Credit Suisse Securities (USA) LLC, </font><font style='font-family:Times New Roman;font-size:10pt;' >DLJ</font><font style='font-family:Times New Roman;font-size:10pt;' > Mortgage Capital, Inc., and Select Portfolio Servici</font><font style='font-family:Times New Roman;font-size:10pt;' >ng Inc. (collectively, “Credit Suisse”) are uncertain. Further, the remaining insured portfolio, aside from these exposures, could deteriorate and result in additional significant loss reserves and claim payments. Management’s expected liquidity and capita</font><font style='font-family:Times New Roman;font-size:10pt;' >l forecasts for </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp., which include expected put-back recoveries from Credit Suisse</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >and excess spread recoveries, reflect adequate resources to pay claims when due. However, if </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. experiences higher than expected claim payments or is unable t</font><font style='font-family:Times New Roman;font-size:10pt;' >o terminate the remaining exposures that represent substantial risk to the Company, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. may ultimately have insufficient resources to continue to pay claims, which could cause the New York State Department of Financial Services (“NYSDFS”) to put </font><font style='font-family:Times New Roman;font-size:10pt;' >MBI</font><font style='font-family:Times New Roman;font-size:10pt;' >A</font><font style='font-family:Times New Roman;font-size:10pt;' > Insurance Corporation, exclusive of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > UK and </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Mexico, into a rehabilitation or liquidation proceeding. Given the separation of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. and </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. as distinct legal entities, the absence of any material intercompany lending agreements or cros</font><font style='font-family:Times New Roman;font-size:10pt;' >s defaults between the entities, and the lack of reliance by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. on </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. for the receipt of dividends, the Company does </font><font style='font-family:Times New Roman;font-size:10pt;' >not believe that a rehabilitation or liquidation proceeding of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Insurance Corporation by NYSDFS would have any significa</font><font style='font-family:Times New Roman;font-size:10pt;' >nt long-term liquidity impact on </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. or result in a liquidation or similar proceeding of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > UK or </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Mexico.</font><font style='font-family:Times New Roman;font-size:10pt;' > Such a proceeding could have material adverse consequences for </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp., including the termination of insured credit default swaps (“CD</font><font style='font-family:Times New Roman;font-size:10pt;' >S”) contracts for which counterparties may assert market-based claims, the acceleration of debt obligations issued by affiliates and insured by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp., the loss of control of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Insurance Corporation to a rehabilitator or liquidator, and unplanned co</font><font style='font-family:Times New Roman;font-size:10pt;' >sts.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Refer to “</font><font style='font-family:Times New Roman;font-size:10pt;' >Note 5: Loss and Loss Adjustment Expense Reserves</font><font style='font-family:Times New Roman;font-size:10pt;' >” for information about </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.’s loss reserves and recoveries. </font></p><p style='text-align:left;margin-top:9pt;margin-bottom:4.5pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >Corporate Liquidity </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:9pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >As of </font><font style='font-family:Times New Roman;font-size:10pt;' >September 30,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >December 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2014</font><font style='font-family:Times New Roman;font-size:10pt;' >, the liquidity position of </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. was </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >306</font><font style='font-family:Times New Roman;font-size:10pt;' > million</font><font style='font-family:Times New Roman;font-size:10pt;' > and $</font><font style='font-family:Times New Roman;font-size:10pt;' >498</font><font style='font-family:Times New Roman;font-size:10pt;' > mi</font><font style='font-family:Times New Roman;font-size:10pt;' >llion, respectively. The term “liquidity position” refers to cash and liquid assets available for general liquidity purposes. During the </font><font style='font-family:Times New Roman;font-size:10pt;' >nine months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >September 30,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2015</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >$</font><font style='font-family:Times New Roman;font-size:10pt;' >228</font><font style='font-family:Times New Roman;font-size:10pt;' > million was released to </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. </font><font style='font-family:Times New Roman;font-size:10pt;' >under the </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > group’s tax</font><font style='font-family:Times New Roman;font-size:10pt;' > sharing agreement (the “Tax Escrow Account”).</font><font style='font-family:Times New Roman;font-size:10pt;' > Subsequent to September 30, 2015, National declared and paid a dividend of $</font><font style='font-family:Times New Roman;font-size:10pt;' >114</font><font style='font-family:Times New Roman;font-size:10pt;' > million to its ultimate parent, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. Based on the Company’s projections of National’s dividends, payments into the Tax Escro</font><font style='font-family:Times New Roman;font-size:10pt;' >w Account, and other cash inflows, the Company expects that </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. will have sufficient cash to satisfy its debt service and general corporate needs. However, </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. continues to have liquidity risk which could be triggered by deterioration in the pe</font><font style='font-family:Times New Roman;font-size:10pt;' >rformance of invested assets, interruption of or reduction in dividends received from operating subsidiaries, impaired access to the capital markets, as well as other factors which cannot be anticipated at this time. Furthermore, failure by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Inc. to se</font><font style='font-family:Times New Roman;font-size:10pt;' >ttle liabilities that are also insured by </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp. could result in claims on </font><font style='font-family:Times New Roman;font-size:10pt;' >MBIA</font><font style='font-family:Times New Roman;font-size:10pt;' > Corp.</font></p></div>
CY2015Q3	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	-5000000	USD
	mbi	Proceeds From Reinsurance And Recoveries ProceedsFromReinsuranceAndRecoveries	93000000	USD
	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	2061719	shares
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	78000000	USD
	mbi	Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses After Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax	-51000000	USD
	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	-318000000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	3000000	USD
CY2014Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.8
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	503000000	USD
	us-gaap	Disposal Date1 DisposalDate1	2015-01-01
	mbi	Revenues Of Consolidated Vies RevenuesOfConsolidatedVies	72000000	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	1497000000	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	3929000000	USD
CY2014Q3	mbi	Expenses Of Consolidated Vies ExpensesOfConsolidatedVies	12000000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	607000000	USD
CY2014Q3	mbi	Segment Expense SegmentExpense	143000000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-37000000	USD
	us-gaap	Revenues Revenues	556000000	USD
	mbi	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesNetOfTax	-2000000	USD
	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	-64000000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-350000000	USD
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	463000000	USD
	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-9000000	USD
CY2015Q3	mbi	Segment Expense SegmentExpense	147000000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	172000000	USD
CY2014Q4	us-gaap	Assets Of Disposal Group Including Discontinued Operation Current AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent	802000000	USD
CY2015Q3	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	1096000000	USD
CY2014Q3	us-gaap	Available For Sale Securities Gross Realized Gains Losses Sale Proceeds AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds	131000000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	32000000	USD
CY2015Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q3	mbi	Other Comprehensive Income Unrealized Holding Gain Loss Arising During Period On Securities With Other Than Temporary Impairment Losses After Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossArisingDuringPeriodOnSecuritiesWithOtherThanTemporaryImpairmentLossesAfterTax	-51000000	USD
	us-gaap	Cumulative Effect Of Prospective Application Of New Accounting Principle CumulativeEffectOfProspectiveApplicationOfNewAccountingPrinciple	-9000000	USD
CY2014Q4	mbi	Fair Value Of Securities On Deposit With Various Regulatory Authorities FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities	10000000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	3000000	USD
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1126134	shares
CY2015Q3	mbi	Segment Revenue SegmentRevenue	92000000	USD
CY2014Q4	mbi	Number Of Policies NumberOfPolicies	315
	dei	Document Type DocumentType	10-Q
CY2014	mbi	Number Of Credit Support Annexes NumberOfCreditSupportAnnexes	1	pure
CY2014Q4	mbi	Available For Sale Cumulative Other Than Temporary Impairment Of Securities AvailableForSaleCumulativeOtherThanTemporaryImpairmentOfSecurities	90000000	USD
CY2015Q3	mbi	Reinsurance Recoverable On Unpaid Loss Adjustment Expenses ReinsuranceRecoverableOnUnpaidLossAdjustmentExpenses	0	USD
CY2015Q3	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue	157000000	USD
CY2015Q3	mbi	Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange	-55000000	USD
	us-gaap	Increase Decrease In Unearned Premiums IncreaseDecreaseInUnearnedPremiums	-303000000	USD
CY2015Q3	mbi	Transfers Into Level Three TransfersIntoLevelThree	3000000	USD
	mbi	Proceeds From Reinsurance And Recoveries ProceedsFromReinsuranceAndRecoveries	61000000	USD
	mbi	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale And For Writedown Of Securities Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociForSaleAndForWritedownOfSecuritiesBeforeTax	-7000000	USD
	mbi	Number Of Variable Interest Entities Consolidated NumberOfVariableInterestEntitiesConsolidated	1	pure
	mbi	Transfers Into Level Two TransfersIntoLevelTwo	83000000	USD
	us-gaap	Other Income OtherIncome	18000000	USD
CY2015Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax	0	USD
	mbi	Segment Expense SegmentExpense	448000000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9000000	USD
	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	82000000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax	-6000000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	15000000	USD
	mbi	Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange	20000000	USD
	mbi	Transfers Out Of Level Two TransfersOutOfLevelTwo	34000000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-24000000	USD
CY2015Q3	mbi	Fair Value Of Credit Support Annexes FairValueOfCreditSupportAnnexes	3000000	USD
	mbi	Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange NetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange	63000000	USD
CY2015Q3	mbi	Other Liabilities And Derivative Liabilities Vie After Counterparty Netting And Embedded Reclass OtherLiabilitiesAndDerivativeLiabilitiesVieAfterCounterpartyNettingAndEmbeddedReclass	396000000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-35000000	USD
	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	23000000	USD
CY2015Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	281820698	shares
CY2015Q3	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability	42000000	USD
	mbi	Segment Revenue SegmentRevenue	556000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-754000000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	300000000	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.83
	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	-6000000	USD
CY2015Q3	mbi	Insurance Loss Recoverable And Changes In Recoveries Of Unpaid Losses InsuranceLossRecoverableAndChangesInRecoveriesOfUnpaidLosses	657000000	USD
CY2015Q3	mbi	Insurance Loss Recoverable InsuranceLossRecoverable	437000000	USD
CY2015Q3	mbi	Fair Value Of Securities On Deposit With Various Regulatory Authorities FairValueOfSecuritiesOnDepositWithVariousRegulatoryAuthorities	10000000	USD
CY2015Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-55000000	USD
CY2015Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2014Q3	mbi	Premiums Earned Net Financial Guarantee Insurance Contracts And Insured Derivatives PremiumsEarnedNetFinancialGuaranteeInsuranceContractsAndInsuredDerivatives	122000000	USD
	mbi	Segment Expense SegmentExpense	406000000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	-7000000	USD
	us-gaap	Other Income OtherIncome	31000000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	64000000	USD
	us-gaap	Increase Decrease In Unearned Premiums IncreaseDecreaseInUnearnedPremiums	-274000000	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
CY2015Q3	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss	158000000	USD
CY2015Q3	mbi	Contract Claims On Ineligible Mortgage Loans Inception To Date Incurred Loss On Transactions ContractClaimsOnIneligibleMortgageLoansInceptionToDateIncurredLossOnTransactions	424000000	USD
	mbi	Transfers Into Level Three TransfersIntoLevelThree	34000000	USD
CY2015Q3	mbi	Investment Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions For Continuous Twelve Month Period InvestmentSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsForContinuousTwelveMonthPeriod	66	security
CY2015Q3	mbi	Expenses Of Consolidated Vies ExpensesOfConsolidatedVies	13000000	USD
CY2014Q4	us-gaap	Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue	0	USD
CY2014Q3	mbi	Transfers Into And Out Of Level One TransfersIntoAndOutOfLevelOne	0	USD
CY2014Q3	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	24000000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3000000	USD
	mbi	Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange	97000000	USD
CY2014Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax	0	USD
CY2015Q3	us-gaap	Available For Sale Securities Gross Realized Gains Losses Sale Proceeds AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds	251000000	USD
CY2015Q3	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	123000000	USD
CY2014Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2015Q3	us-gaap	Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding	19699000000	USD
	us-gaap	Net Income Loss NetIncomeLoss	549000000	USD
CY2015Q3	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	0	USD
CY2014	us-gaap	Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod	P7Y8M12D
CY2014Q3	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold	0	USD
CY2015Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	155239723	shares
CY2014Q4	mbi	Approximate Percentage Of Level3 Assets At Fair Value In Total Assets Measured At Fair Value ApproximatePercentageOfLevel3AssetsAtFairValueInTotalAssetsMeasuredAtFairValue	0.2	pure
CY2014Q4	mbi	Held To Maturity Cumulative Other Than Temporary Impairment Of Securities HeldToMaturityCumulativeOtherThanTemporaryImpairmentOfSecurities	0	USD
CY2015Q3	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	147000000	USD
CY2015Q3	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	1000000000	USD
	mbi	Increase Decrease In Net Gains Losses On Financial Instruments At Fair Value And Foreign Exchange IncreaseDecreaseInNetGainsLossesOnFinancialInstrumentsAtFairValueAndForeignExchange	29000000	USD
	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	14000000	USD
CY2014Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	1000000	USD
CY2015Q3	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets VariableInterestEntityConsolidatedCarryingAmountAssets	5500000000	USD
CY2014Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
	us-gaap	Proceeds From Insurance Premiums Collected ProceedsFromInsurancePremiumsCollected	122000000	USD
	mbi	Revenue From Transactions With Other Operating Segments Of Same Entity RevenueFromTransactionsWithOtherOperatingSegmentsOfSameEntity	0	USD
	mbi	Unvested Restricted Stock And Units That Receive Nonforfeitable Dividends Or Dividend Equivalents That Have Met Service Condition UnvestedRestrictedStockAndUnitsThatReceiveNonforfeitableDividendsOrDividendEquivalentsThatHaveMetServiceCondition	315018	shares
	mbi	Payments For Deconsolidation Of Variable Interest Entity PaymentsForDeconsolidationOfVariableInterestEntity	1000000	USD
	mbi	Expense From Transactions With Other Operating Segments Of Same Entity ExpenseFromTransactionsWithOtherOperatingSegmentsOfSameEntity	0	USD
CY2014Q4	mbi	Fair Value Of Credit Support Annexes FairValueOfCreditSupportAnnexes	2000000	USD
	us-gaap	Proceeds From Issuance Of Other Long Term Debt ProceedsFromIssuanceOfOtherLongTermDebt	23000000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	-7000000	USD
	us-gaap	Benefits Losses And Expenses BenefitsLossesAndExpenses	406000000	USD
	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	-582000000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	446000000	USD
CY2014Q3	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	14000000	USD
CY2014Q3	us-gaap	Other Income OtherIncome	30000000	USD
CY2014Q3	us-gaap	Assets Assets	16201000000	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	14000000	USD
CY2015Q3	mbi	Number Of Other Lawsuits NumberOfOtherLawsuits	0	Lawsuits
CY2015Q3	us-gaap	Assets Of Disposal Group Including Discontinued Operation Current AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent	0	USD
	us-gaap	Proceeds From Insurance Settlement Operating Activities ProceedsFromInsuranceSettlementOperatingActivities	0	USD
	us-gaap	Proceeds From Insurance Settlement Operating Activities ProceedsFromInsuranceSettlementOperatingActivities	30000000	USD
	us-gaap	Payments To Acquire Loans Receivable PaymentsToAcquireLoansReceivable	0	USD
	us-gaap	Payments To Acquire Loans Receivable PaymentsToAcquireLoansReceivable	195000000	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	606000000	USD
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	0	USD
	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment	14000000	USD
CY2015Q2	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	22000000	USD
CY2014Q2	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	0	USD
CY2014Q3	us-gaap	Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld	14000000	USD
	us-gaap	Available For Sale Securities Gross Realized Losses AvailableForSaleSecuritiesGrossRealizedLosses	11000000	USD
	us-gaap	Available For Sale Securities Gross Realized Losses AvailableForSaleSecuritiesGrossRealizedLosses	13000000	USD
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	mbi	Number Of Variable Interest Entities Deconsolidated NumberOfVariableInterestEntitiesDeconsolidated	1	pure

Files In Submission

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$MBI
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2015 Q4 Form 10-Q Financial Statement

#000119312515366241 Filed on November 04, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MBI MBIA INC Stock $mbi

2015 Q4 Form 10-Q Financial Statement

#000119312515366241 Filed on November 04, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MBI
MBIA INC Stock $mbi