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Consolidated Balance Sheets - Successor [Member] - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Assets:    
Fixed income securities, at fair value (amortized cost: 2015—$4,813,186 and 2014—$4,514,878) $ 4,892,421 $ 4,725,686
Fixed income securities pledged as collateral, at fair value (amortized cost: 2015—$34,732 and 2014—$64,378) 34,903 64,267
Short-term investments, at fair value (amortized cost: 2015—$197,070 and 2014—$360,069) 197,070 360,065
Other investments (includes 2015—$331,697 and 2014—$336,013 at fair value) 354,784 357,016
Total investments 5,479,178 5,507,034
Cash and cash equivalents 33,965 73,903
Receivable for securities 2,890 23,660
Investment income due and accrued 25,279 25,015
Premium receivables 936,924 1,000,607
Reinsurance recoverable on paid and unpaid losses 76,005 99,838
Deferred ceded premium 112,247 123,276
Subrogation recoverable 981,402 953,274
Loans 5,674 5,714
Derivative assets 80,661 109,017
Insurance intangible asset 1,339,427 1,410,920
Goodwill 514,511 514,511
Other assets 163,075 186,985
Total assets 25,513,636 25,159,864
Liabilities:    
Unearned premiums 1,528,269 1,673,785
Loss and loss expense reserves 4,367,414 4,752,007
Ceded premiums payable 58,002 60,436
Obligations under investment agreements 112,215 160,079
Deferred taxes 1,955 2,079
Current taxes 1,670 5,701
Long-term debt 977,751 971,116
Accrued interest payable 339,006 304,139
Derivative liabilities 342,784 406,944
Other liabilities 57,653 63,396
Payable for securities purchased 5,494 762
Total liabilities 23,466,425 23,486,129
Stockholders’ equity:    
Preferred stock, par value $0.01 per share; 20,000,000 shares authorized; issued and outstanding shares—none 0 0
Common stock, par value $0.01 per share; 130,000,000 shares authorized; issued and outstanding shares: 2015—45,006,139; 2014—45,005,932 450 450
Additional paid-in capital 190,414 189,138
Accumulated other comprehensive income 95,362 220,283
Accumulated earnings 1,486,696 989,290
Treasury stock, shares at cost: 2015—2,459; 2014—2,459 (56) (56)
Total Ambac Financial Group, Inc. stockholders’ equity 1,772,866 1,399,105
Noncontrolling interest 274,345 274,630
Total stockholders’ equity 2,047,211 1,673,735
Total liabilities and stockholders’ equity 25,513,636 25,159,864
Variable Interest Entity, Primary Beneficiary [Member]    
Assets:    
Fixed income securities, at fair value (amortized cost: 2015—$4,813,186 and 2014—$4,514,878) 2,747,181 2,743,050
Investment income due and accrued 1,296 1,284
Other assets 2,761 2,891
Variable interest entity assets:    
Restricted cash 5,944 7,708
Loans, at fair value 13,005,216 12,371,177
Liabilities:    
Long-term debt 13,595,792 12,882,076
Accrued interest payable 3,244 3,268
Derivative liabilities 2,075,009 2,200,163
Other liabilities $ 167 $ 178