XML 93 R51.htm IDEA: XBRL DOCUMENT v2.4.0.8
Financial Guarantee Insurance Contracts - Summary of Information Related to Policies Currently Included in Ambac's Loss Reserves or Subrogation Recoverable (Detail) (USD $)
6 Months Ended 12 Months Ended
Jun. 30, 2014
Policies
Dec. 31, 2013
Policies
Jun. 30, 2013
Apr. 30, 2013
Less:        
Claim liability reported on Balance Sheet, before reinsurance $ 5,588,171,000 $ 5,470,234,000    
Successor Ambac [Member]
       
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies 363 339    
Remaining weighted-average contract period (in years) 15 years 14 years    
Gross insured contractual payments outstanding:        
Principal 21,480,870,000 22,206,789,000    
Interest 8,250,035,000 8,397,133,000    
Total 29,730,905,000 30,603,922,000    
Gross undiscounted claim liability 10,917,850,000 11,276,259,000    
Discount, gross claim liability (1,930,433,000) (2,452,448,000)    
Gross claim liability before all subrogation and before reinsurance 8,987,417,000 8,823,811,000    
Less:        
Gross RMBS subrogation (2,300,485,000) (2,215,849,000)    
Discount, RMBS subrogation 16,061,000 9,251,000    
Discounted RMBS subrogation, before reinsurance (2,284,424,000) (2,206,598,000) (2,394,933,000) (2,482,918,000)
Less:        
Gross other subrogation (826,815,000) (846,699,000)    
Discount, other subrogation 90,811,000 91,313,000    
Discounted other subrogation, before reinsurance (736,004,000) (755,386,000)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 5,966,989,000 5,861,827,000    
Less: Unearned premium reserves (475,997,000) (502,984,000)    
Plus: Loss adjustment expenses reserves 97,179,000 111,391,000    
Claim liability reported on Balance Sheet, before reinsurance 5,588,171,000 5,470,234,000    
Reinsurance recoverable reported on Balance Sheet 109,255,000 121,249,000    
I/SL [Member] | Successor Ambac [Member]
       
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies 29 18    
Remaining weighted-average contract period (in years) 12 years 13 years    
Gross insured contractual payments outstanding:        
Principal 815,549,000 834,708,000    
Interest 428,964,000 506,903,000    
Total 1,244,513,000 1,341,611,000    
Gross undiscounted claim liability 5,477,000 7,447,000    
Discount, gross claim liability (700,000) (1,225,000)    
Gross claim liability before all subrogation and before reinsurance 4,777,000 6,222,000    
Less:        
Gross claim liability, net of all subrogation and discounts, before reinsurance 4,777,000 6,222,000    
Less: Unearned premium reserves (3,198,000) (4,060,000)    
Claim liability reported on Balance Sheet, before reinsurance 1,579,000 2,162,000    
Reinsurance recoverable reported on Balance Sheet 55,000 146,000    
IA [Member] | Successor Ambac [Member]
       
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies 24 23    
Remaining weighted-average contract period (in years) 13 years 19 years    
Gross insured contractual payments outstanding:        
Principal 479,218,000 1,125,284,000    
Interest 222,412,000 871,751,000    
Total 701,630,000 1,997,035,000    
Gross undiscounted claim liability 12,134,000 54,398,000    
Discount, gross claim liability (1,091,000) (6,726,000)    
Gross claim liability before all subrogation and before reinsurance 11,043,000 47,672,000    
Less:        
Gross claim liability, net of all subrogation and discounts, before reinsurance 11,043,000 47,672,000    
Less: Unearned premium reserves (3,925,000) (22,901,000)    
Plus: Loss adjustment expenses reserves 1,824,000 11,000    
Claim liability reported on Balance Sheet, before reinsurance 8,942,000 24,782,000    
Reinsurance recoverable reported on Balance Sheet 895,000 2,271,000    
II [Member] | Successor Ambac [Member]
       
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies 49 52    
Remaining weighted-average contract period (in years) 16 years 17 years    
Gross insured contractual payments outstanding:        
Principal 3,517,374,000 3,464,420,000    
Interest 2,298,152,000 2,130,271,000    
Total 5,815,526,000 5,594,691,000    
Gross undiscounted claim liability 189,385,000 221,321,000    
Discount, gross claim liability (20,747,000) (32,630,000)    
Gross claim liability before all subrogation and before reinsurance 168,638,000 188,691,000    
Less:        
Gross other subrogation (17,558,000) (20,367,000)    
Discount, other subrogation 7,045,000 9,522,000    
Discounted other subrogation, before reinsurance (10,513,000) (10,845,000)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 158,125,000 177,846,000    
Less: Unearned premium reserves (90,254,000) (95,550,000)    
Plus: Loss adjustment expenses reserves (799,000) 2,257,000    
Claim liability reported on Balance Sheet, before reinsurance 67,072,000 84,553,000    
Reinsurance recoverable reported on Balance Sheet 1,956,000 2,273,000    
III [Member] | Successor Ambac [Member]
       
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies 88 76    
Remaining weighted-average contract period (in years) 19 years 19 years    
Gross insured contractual payments outstanding:        
Principal 5,849,928,000 5,597,387,000    
Interest 2,873,112,000 2,331,222,000    
Total 8,723,040,000 7,928,609,000    
Gross undiscounted claim liability 2,752,311,000 3,029,891,000    
Discount, gross claim liability (964,005,000) (1,299,032,000)    
Gross claim liability before all subrogation and before reinsurance 1,788,306,000 1,730,859,000    
Less:        
Gross RMBS subrogation (2,154,000) (4,516,000)    
Discount, RMBS subrogation 14,000 15,000    
Discounted RMBS subrogation, before reinsurance (2,140,000) (4,501,000)    
Less:        
Gross other subrogation (110,818,000) (116,145,000)    
Discount, other subrogation 29,735,000 36,125,000    
Discounted other subrogation, before reinsurance (81,083,000) (80,020,000)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 1,705,083,000 1,646,338,000    
Less: Unearned premium reserves (297,274,000) (280,245,000)    
Plus: Loss adjustment expenses reserves 4,488,000 1,658,000    
Claim liability reported on Balance Sheet, before reinsurance 1,412,297,000 1,367,751,000    
Reinsurance recoverable reported on Balance Sheet 115,403,000 119,795,000    
IV [Member] | Successor Ambac [Member]
       
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies 172 169    
Remaining weighted-average contract period (in years) 12 years 11 years    
Gross insured contractual payments outstanding:        
Principal 10,818,754,000 11,184,943,000    
Interest 2,427,376,000 2,556,968,000    
Total 13,246,130,000 13,741,911,000    
Gross undiscounted claim liability 7,958,481,000 7,963,137,000    
Discount, gross claim liability (943,887,000) (1,112,829,000)    
Gross claim liability before all subrogation and before reinsurance 7,014,594,000 6,850,308,000    
Less:        
Gross RMBS subrogation (2,298,331,000) (2,211,333,000)    
Discount, RMBS subrogation 16,047,000 9,236,000    
Discounted RMBS subrogation, before reinsurance (2,282,284,000) (2,202,097,000)    
Less:        
Gross other subrogation (698,439,000) (710,187,000)    
Discount, other subrogation 54,031,000 45,666,000    
Discounted other subrogation, before reinsurance (644,408,000) (664,521,000)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 4,087,902,000 3,983,690,000    
Less: Unearned premium reserves (81,346,000) (100,228,000)    
Plus: Loss adjustment expenses reserves 91,666,000 107,465,000    
Claim liability reported on Balance Sheet, before reinsurance 4,098,222,000 3,990,927,000    
Reinsurance recoverable reported on Balance Sheet (9,054,000) (3,236,000)    
V [Member] | Successor Ambac [Member]
       
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies 1 1    
Remaining weighted-average contract period (in years) 6 years 6 years    
Gross insured contractual payments outstanding:        
Principal 47,000 47,000    
Interest 19,000 18,000    
Total 66,000 65,000    
Gross undiscounted claim liability 62,000 65,000    
Discount, gross claim liability (3,000) (6,000)    
Gross claim liability before all subrogation and before reinsurance 59,000 59,000    
Less:        
Gross claim liability, net of all subrogation and discounts, before reinsurance 59,000 59,000    
Claim liability reported on Balance Sheet, before reinsurance $ 59,000 $ 59,000