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Consolidated Statements of Total Comprehensive Income - Successor [Member] - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Net premiums earned $ 197,287 $ 312,595 $ 246,360
Net investment income:      
Securities available-for-sale and short-term 281,049 249,337 292,838
Other investments 32,318 16,952 8,108
Total net investment income 313,367 266,289 300,946
Other-than-temporary impairment losses:      
Total other-than-temporary impairment losses (89,700) (66,692) (26,632)
Portion of other-than-temporary impairment recognized in other comprehensive income 67,881 41,033 838
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net (21,819) (25,659) (25,794)
Net realized investment gains 39,284 53,476 58,777
Change in fair value of credit derivatives:      
Realized gains and other settlements 912 2,785 3,043
Unrealized gains (losses) 19,194 38,916 20,863
Net change in fair value of credit derivatives 20,106 41,701 23,906
Derivative products (50,273) (42,544) (181,087)
Net realized gains (losses) on extinguishment of debt 4,845 81 (74,724)
Other income 17,445 7,150 12,498
Income (loss) on variable interest entities (14,093) 31,569 (32,212)
Total revenues before expenses and reorganization items 506,149 644,658 328,670
Expenses:      
Losses and loss expenses (benefit) (11,489) (768,707) (545,574)
Insurance intangible amortization 174,608 169,557 151,830
Operating expenses 113,660 102,702 101,474
Interest expense 124,344 116,537 127,476
Goodwill, Impairment Loss 0 514,511 0
Total expenses (benefit) before reorganization items 401,123 134,600 (164,794)
Pre-tax income before reorganization items 105,026 510,058 493,464
Reorganization items 0 0 211
Pre-tax income 105,026 510,058 493,253
Provision for income taxes 30,709 17,364 9,557
Net income (loss) 74,317 492,694 483,696
Less: net gain (loss) attributable to noncontrolling interest (526) (709) (375)
Net income attributable to common shareholders 74,843 493,403 484,071
Other comprehensive income, after tax:      
Net income (loss) 74,317 492,694 483,696
Unrealized gains (losses) on securities, net of deferred income taxes of $0 67,900 (159,730) 252,603
Gains (losses) on foreign currency translation, net of deferred income taxes of $0 (122,128) (45,025) (43,599)
Changes to postretirement benefit, net of tax of $0 23 (687) (816)
Total other comprehensive income (loss), net of tax (54,205) (205,442) 208,188
Total comprehensive income 20,112 287,252 691,884
Less: comprehensive (loss) gain attributable to the noncontrolling interest:      
Net gain (loss) (526) (709) (375)
Currency translation adjustments 0 (374) (434)
Total comprehensive income attributable to Ambac Financial Group, Inc. $ 20,638 $ 288,335 $ 692,693
Basic $ 1.66 $ 10.92 $ 10.73
Diluted $ 1.64 $ 10.72 $ 10.31