v3.25.2
Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net realized investment gains (losses)     $ (6) $ (3)
Net gains (losses) on financial instruments at fair value and foreign exchange $ (2) $ (55) (17) (51)
Total revenues 23 [1] (37) [2] 37 [3] (24) [4]
Expenses:        
Losses and loss adjustment 8 142 16 160
Interest 48 53 98 105
Total expenses 79 216 155 316
Income (loss) from continuing operations before income taxes (56) (253) (118) (340)
Provision (benefit) for income taxes 0 0 0 0
Income (loss) from continuing operations (56) (253) (118) (340)
Income (loss) from discontinued operations, net of income taxes 0 (2) 0 (1)
Net income (loss) (56) (255) (118) (341)
Less: Net income from discontinued operations attributable to noncontrolling interest 0 (1) 0 (1)
Net income (loss) attributable to MBIA Inc. $ (56) $ (254) $ (118) $ (340)
Net income (loss) per common share - basic and diluted        
Continuing operations - basic $ (1.12) $ (5.3) $ (2.4) $ (7.2)
Continuing operations - diluted (1.12) (5.3) (2.4) (7.2)
Discontinued operations - basic 0 (0.04) 0 (0.01)
Discontinued operations - diluted 0 (0.04) 0 (0.01)
Net income (loss) per common share attributable to MBIA Inc. - basic (1.12) (5.34) (2.4) (7.21)
Net income (loss) per common share attributable to MBIA Inc. - diluted $ (1.12) $ (5.34) $ (2.4) $ (7.21)
Weighted average number of common shares outstanding:        
Basic [5] 49,543,258 47,501,248 48,952,068 47,161,085
Diluted [5] 49,543,258 47,501,248 48,952,068 47,161,085
Non Variable Interest Entity [Member]        
Revenues:        
Scheduled premiums earned $ 7 $ 7 $ 14 $ 16
Refunding premiums earned 0 1 1 1
Total premiums earned (net of ceded premiums of $-, $-, $-, and $-) 7 8 15 17
Net investment income 19 22 37 45
Net realized investment gains (losses) (1) (2) (6) (3)
Net gains (losses) on financial instruments at fair value and foreign exchange (2) (55) (17) (51)
Fees and reimbursements 0 1 1 1
Other net realized gains (losses) 0 2 0 5
Expenses:        
Losses and loss adjustment 8 142 16 160
Amortization of deferred acquisition costs 1 1 2 2
Operating 18 15 34 40
Interest 48 53 98 105
Variable Interest Entity, Primary Beneficiary [Member]        
Revenues:        
Net gains (losses) on financial instruments at fair value and foreign exchange 0 1 0 (24)
Other net realized gains (losses) 0 (14) 7 (14)
Expenses:        
Operating 3 5 4 9
Interest $ 1 $ 0 $ 1 $ 0
[1] Includes net investment income of $15 million, $6 million, $3 million, and ($5) million for the U.S. Public Finance, Corporate, International and Structured Finance, and Eliminations segments, respectively.
[2] Includes net investment income of $17 million, $8 million, $2 million, and ($5) million for the U.S. Public Finance, Corporate, International and Structured Finance, and Eliminations segments, respectively.
[3] Includes net investment income of $30 million, $13 million, $6 million, and ($12) million for the U.S. Public Finance, Corporate, International and Structured Finance, and Eliminations segments, respectively.
[4] Includes net investment income of $35 million, $16 million, $5 million, and ($11) million for the U.S. Public Finance, Corporate, International and Structured Finance, and Eliminations segments, respectively.
[5] Includes approximately 1 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the three and six months ended June 30, 2025 and 2024.