Schedule I - Summary Of Investments (Notes)

12 Months Ended

Dec. 31, 2014

Summary of Investments, Other than Investments in Related Parties [Abstract]

AMBAC FINANCIAL GROUP, INC. AND SUBSIDIARIES

SCHEDULE I — SUMMARY OF INVESTMENTS

Other Than Investments in Related Parties

December 31, 2014



Type of Investment ($ in Thousands)	Amortized Cost		Estimated Fair Value		Amount at Which Shown in the Balance Sheet
U.S. government obligations	$	106,706	$	107,246	$	107,246
U.S. agency obligations	29,524		29,486		29,486
Municipal obligations	523,019		525,792		525,792
Residential mortgage-backed securities	1,557,059		1,710,955		1,710,955
Collateralized debt obligations	21,346		21,122		21,122
Other asset-backed securities	833,366		882,001		882,001
Corporate obligations	1,382,195		1,385,594		1,385,594
Foreign obligations	126,041		127,757		127,757
Short-term	360,069		360,065		360,065
Other	357,016		357,016		357,016
Total	$	5,296,341	$	5,507,034	$	5,507,034

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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