Mbia inc (MBI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Investments:
Cash and cash equivalents

217

83

81

478

163

280

179

197

141

146

136

164

152

187

216

605

332

522

492

567

627

782

606

600

733

1,258

1,103

1,006

934

990

441

414

855

633

1,239

1,361

987

1,130

1,416

1,495

803

Premiums receivable (net of allowance for credit losses $4 and $-)

-

-

-

-

-

296

-

-

-

369

-

-

-

409

-

-

-

792

-

-

-

875

-

-

-

1,051

-

-

-

1,228

-

-

-

-

-

-

-

-

-

-

-

Insurance loss recoverable

-

-

-

-

-

-

-

-

530

-

611

483

486

504

-

365

409

-

437

483

527

533

-

-

-

-

-

-

-

-

3,316

3,212

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

555

-

-

-

-

0

0

22

802

-

-

-

29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Tax Assets Liabilities Net

-

-

-

-

-

-

-

-

-

0

0

0

-

970

-

-

-

939

1,000

1,000

1,000

1,009

-

986

-

1,109

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

950

917

-

1,200

1,300

1,100

-

1,400

1,400

1,600

-

-

-

-

-

-

-

-

Investments held-to-maturity, at amortized cost (net of allowance for credit losses $46 and $-, fair value $572 and $892)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,707

2,724

2,742

2,757

2,772

2,787

2,793

2,801

2,809

-

-

2,829

-

-

-

-

-

-

-

-

-

-

-

Loan repurchase commitments

-

-

-

-

-

-

-

-

407

-

406

407

409

404

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

6,632

7,284

7,606

8,647

8,778

8,107

8,361

8,699

8,893

9,095

9,544

9,767

11,017

11,137

11,787

12,064

12,751

14,836

15,051

15,510

15,915

16,284

16,201

16,024

16,087

16,953

17,633

18,122

21,592

21,724

22,132

22,295

26,126

26,873

29,370

31,668

32,173

32,279

33,272

33,464

25,700

Liabilities and Equity
Liabilities:
Loss and loss adjustment expense reserves

-

-

-

-

-

-

-

-

1,006

-

818

714

559

541

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

-

-

-

-

-

2,249

-

-

-

2,121

-

-

-

1,986

-

-

-

1,889

-

-

-

1,810

-

-

-

1,702

-

-

-

1,732

-

-

-

-

-

-

-

-

-

-

-

Derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

-

-

-

246

-

-

-

1,200

-

-

-

2,900

-

-

-

-

-

-

-

-

-

-

-

LiabilitiesOfAssetsHeldForSale

-

-

-

-

-

-

-

-

-

-

-

-

-

346

-

-

-

-

0

0

0

772

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

6,135

6,445

6,558

7,594

7,577

6,975

7,241

7,584

7,633

7,670

7,824

7,811

7,791

7,898

8,117

8,406

9,112

11,095

11,337

11,669

11,975

12,334

12,299

12,216

12,462

13,654

14,432

15,085

18,283

18,530

19,545

19,770

24,245

25,150

26,995

29,763

30,400

29,433

-

30,798

-

Commitments and contingencies (Refer to Note 14: Commitments and Contingencies)

-

-

-

-

-

-

0

0

0

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Equity:
Preferred stock, par value $1 per share; authorized shares—10,000,000; issued and outstanding—none

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, par value $1 per share; authorized shares—400,000,000; issued shares—283,433,401 and 283,433,401

283

283

284

284

284

284

284

284

284

284

284

284

284

284

284

284

283

282

282

282

282

281

281

281

281

278

278

278

278

277

275

275

275

275

275

275

274

275

274

274

274

Additional paid-in capital

2,961

2,999

2,997

2,995

2,996

3,025

3,155

3,154

3,174

3,171

3,170

3,168

3,166

3,160

3,153

3,150

3,147

3,138

3,133

3,129

3,124

3,128

3,123

3,118

3,115

3,115

3,113

3,108

3,107

3,076

3,072

3,071

3,070

3,072

3,070

3,066

3,063

3,064

3,061

3,059

3,057

Retained earnings

232

607

850

779

949

966

973

1,018

1,164

1,095

1,132

1,399

2,628

2,700

2,965

2,933

2,960

3,038

2,956

2,991

2,927

2,858

2,838

2,665

2,545

2,289

2,157

2,025

2,203

2,039

1,403

1,396

815

805

1,431

986

986

2,124

1,672

1,886

2,393

Accumulated other comprehensive income (loss), net of tax of $8 and $8

91

-2

-43

-4

-74

-156

-206

-255

-241

-19

15

-39

-31

-128

35

58

5

-61

-10

-36

22

21

-14

56

-13

-86

-50

-86

9

56

90

36

-26

-176

-148

-195

-340

-406

-274

-356

-940

Treasury stock, at cost—211,272,995 and 204,000,108 shares

3,083

3,061

3,053

3,014

2,967

3,000

3,098

3,098

3,133

3,118

2,893

2,868

2,833

2,789

2,779

2,779

2,768

2,668

2,659

2,537

2,436

2,359

2,347

2,333

2,324

2,318

2,318

2,309

2,309

2,275

2,275

2,275

2,276

2,276

2,276

2,251

2,225

2,225

2,223

2,212

2,194

Total shareholders' equity of MBIA Inc.

484

826

1,035

1,040

1,188

1,119

1,108

1,103

1,248

1,413

1,708

1,944

3,214

3,227

3,658

3,646

3,627

3,729

3,702

3,829

3,919

3,929

3,881

3,787

3,604

3,278

3,180

3,016

3,288

3,173

2,565

2,503

1,858

1,700

2,352

1,881

1,759

2,832

2,510

2,651

2,590

Preferred stock of subsidiary

13

13

13

13

13

13

12

12

12

12

12

12

12

12

12

12

12

12

12

12

21

21

21

21

21

21

21

21

21

21

22

22

23

23

23

24

13

14

14

14

16

Total equity

497

839

1,048

1,053

1,201

1,132

1,120

1,115

1,260

1,425

1,720

1,956

3,226

3,239

3,670

3,658

3,639

3,741

3,714

3,841

3,940

3,950

3,902

3,808

3,625

3,299

3,201

3,037

3,309

3,194

2,587

2,525

1,881

1,723

2,375

1,905

1,772

2,846

2,524

2,665

2,606

Total liabilities and equity

6,632

7,284

7,606

8,647

8,778

8,107

8,361

8,699

8,893

9,095

9,544

9,767

11,017

11,137

11,787

12,064

12,751

14,836

15,051

15,510

15,915

16,284

16,201

16,024

16,087

16,953

17,633

18,122

21,592

21,724

22,132

22,295

26,126

26,873

29,370

31,668

32,173

32,279

33,272

33,464

25,700

Non Variable Interest Entity [Member]
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $2,559 and $2,705)

2,720

2,820

2,840

3,255

3,458

3,565

-

-

-

3,712

4,234

-

4,701

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments carried at fair value

187

209

217

227

231

222

-

-

-

200

164

-

150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments pledged as collateral, at fair value (amortized cost $6 and $15)

1

10

10

10

3

43

-

-

-

148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments, at fair value (amortized cost $247 and $423)

245

423

428

332

407

241

-

-

-

589

452

-

398

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investments at amortized cost

-

-

0

1

1

1

-

-

-

6

6

-

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total investments

3,153

3,462

3,495

3,825

4,100

4,072

-

-

-

4,655

5,026

-

5,392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

212

75

76

409

132

222

-

-

-

122

116

-

112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums receivable (net of allowance for credit losses $4 and $-)

240

249

273

281

293

296

-

-

-

369

382

-

408

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred acquisition costs

58

60

63

65

69

74

-

-

-

95

96

-

112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance loss recoverable

1,607

1,694

1,843

1,623

1,583

1,595

-

-

-

511

611

-

486

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

116

115

224

152

161

122

-

-

-

128

146

-

157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unearned premium revenue

464

482

499

520

544

587

-

-

-

752

808

-

913

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss and loss adjustment expense reserves

966

901

859

998

806

965

-

-

-

979

818

-

559

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

2,261

2,228

2,199

2,315

2,284

2,249

-

-

-

2,121

2,093

-

2,034

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Medium-term notes (includes financial instruments carried at fair value of $98 and $108)

663

680

670

679

721

722

-

-

-

765

898

-

830

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment agreements

295

304

310

305

313

311

-

-

-

337

350

-

390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative liabilities

206

175

194

222

199

199

-

-

-

262

284

-

313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

120

136

195

215

152

198

-

-

-

165

221

-

235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Variable Interest Entity Primary Beneficiary [Member]
Investments carried at fair value

75

83

88

624

861

157

-

-

-

182

189

-

246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

33

26

25

127

32

31

-

-

-

33

30

-

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash

5

8

5

69

31

58

-

-

-

24

20

-

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments held-to-maturity, at amortized cost (net of allowance for credit losses $46 and $-, fair value $572 and $892)

529

890

890

890

890

890

-

-

-

890

890

-

890

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans receivable at fair value

98

136

146

154

206

172

-

-

-

1,679

1,632

-

1,716

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan repurchase commitments

506

486

478

428

420

418

-

-

-

407

406

-

409

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

1,200

1,600

-

-

-

1,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Variable interest entity notes (includes financial instruments carried at fair value of $331 and $403)

1,160

1,539

1,632

2,340

2,558

1,744

-

-

-

2,289

2,352

-

2,517

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

1,200

1,500

-

-

-

1,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Entity Excluding Variable Interest Entities VIE [Member]
Available For Sale Securities Pledged As Collateral

-

-

-

-

-

-

-

-

-

-

170

-

137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Tax Assets Liabilities Net

-

-

-

-

-

-

-

-

-

-

0

-

1,019

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

LiabilitiesOfAssetsHeldForSale

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-