v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Investments:    
Assets held for sale $ 11 $ 11
Total assets 2,134 2,168
Liabilities:    
Liabilities held for sale 7 7
Total liabilities 4,299 4,244
Commitments and contingencies (Refer to Note 12: Commitments and Contingencies)
Equity:    
Preferred stock, par value $1 per share; authorized shares—10,000,000; issued and outstanding—none 0 0
Common stock, par value $1 per share; authorized shares--400,000,000; issued shares--283,186,115 283 283
Additional paid-in capital 2,453 2,492
Retained earnings (deficit) (1,709) (1,591)
Accumulated other comprehensive income (loss), net of tax of $7 and $7 (96) (128)
Treasury stock, at cost--232,698,058 and 232,215,934 shares (3,109) (3,145)
Total shareholders' equity of MBIA Inc. (2,178) (2,089)
Preferred stock of subsidiary 13 13
Total equity (2,165) (2,076)
Total liabilities and equity 2,134 2,168
Non Variable Interest Entity [Member]    
Investments:    
Fixed-maturity securities held as available-for-sale, at fair value (amortized cost $1,024 and $1,080) 892 925
Investments carried at fair value 229 237
Short-term investments, at fair value (amortized cost $425 and $492) 425 492
Other investments at amortized cost 1 1
Total investments 1,547 1,655
Cash and cash equivalents 165 84
Premiums receivable (net of allowance for credit losses of $- and $- ) 129 133
Deferred acquisition costs 25 27
Insurance loss recoverable 185 185
Assets held for sale 11 11
Other assets 37 42
Liabilities:    
Unearned premium revenue 186 199
Loss and loss adjustment expense reserves 526 526
Long-term debt 2,814 2,741
Medium-term notes (includes financial instruments carried at fair value of $38 and $35) 454 440
Investment agreements 203 204
Liabilities held for sale 7 7
Other liabilities 67 78
Variable Interest Entity, Primary Beneficiary [Member]    
Investments:    
Cash 2 3
Loans receivable at fair value 33 28
Liabilities:    
Variable interest entity debt (includes financial instruments carried at fair value of $26 and $31) 32 43
Derivative liabilities $ 10 $ 6