XML 85 R69.htm IDEA: XBRL DOCUMENT v3.6.0.2
Financial Guarantee Insurance Contracts - Summary of Information Related to Policies Currently Included in Ambac's Loss Reserves or Subrogation Recoverable (Detail) - Successor [Member]
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Policies
Dec. 31, 2015
USD ($)
Policies
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 282 293    
Remaining weighted-average contract period (in years) 16 years 15 years    
Gross insured contractual payments outstanding:        
Principal $ 13,400,162 $ 15,976,009    
Interest 11,026,059 11,867,941    
Total 24,426,221 27,843,950    
Gross undiscounted claim liability 7,636,110 8,192,193    
Discount, gross claim liability 1,305,366 1,333,663    
Gross claim liability before all subrogation and before reinsurance 6,330,744 6,858,530    
Less:        
Gross RMBS subrogation (1,926,165) (2,841,291)    
Discount, RMBS subrogation 19,130 11,716    
Discounted RMBS subrogation, before reinsurance (1,907,035) (2,829,575) $ (2,523,540) $ (2,206,598)
Less:        
Gross other subrogation (739,471) (1,388,070)    
Discount, other subrogation 80,079 334,251    
Discounted other subrogation, before reinsurance (659,392) (1,053,819)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 3,764,317 2,975,136    
Less: Unearned premium reserves (143,141) (189,587)    
Plus: Loss adjustment expenses reserves 74,862 73,264    
Claim liability reported on Balance Sheet, before reinsurance 3,696,038 2,858,813    
Reinsurance recoverable reported on Balance Sheet 30,418 43,999    
Ceded Loss And Loss Expenses Paid Not Yet Recovered $ (349) $ (60) $ (517)  
I/SL [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 19 33    
Remaining weighted-average contract period (in years) 9 years 9 years    
Gross insured contractual payments outstanding:        
Principal $ 918,456 $ 1,830,549    
Interest 345,802 724,940    
Total 1,264,258 2,555,489    
Gross undiscounted claim liability 3,439 6,188    
Discount, gross claim liability 314 515    
Gross claim liability before all subrogation and before reinsurance 3,125 5,673    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation 0 0    
Discount, other subrogation 0 0    
Discounted other subrogation, before reinsurance 0 0    
Gross claim liability, net of all subrogation and discounts, before reinsurance 3,125 5,673    
Less: Unearned premium reserves (2,394) (3,360)    
Plus: Loss adjustment expenses reserves 6,621 0    
Claim liability reported on Balance Sheet, before reinsurance 7,352 2,313    
Reinsurance recoverable reported on Balance Sheet $ 120 $ 642    
IA [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 22 14    
Remaining weighted-average contract period (in years) 8 years 17 years    
Gross insured contractual payments outstanding:        
Principal $ 733,036 $ 263,288    
Interest 199,631 107,624    
Total 932,667 370,912    
Gross undiscounted claim liability 21,175 5,632    
Discount, gross claim liability 1,243 652    
Gross claim liability before all subrogation and before reinsurance 19,932 4,980    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation 0 0    
Discount, other subrogation 0 0    
Discounted other subrogation, before reinsurance 0 0    
Gross claim liability, net of all subrogation and discounts, before reinsurance 19,932 4,980    
Less: Unearned premium reserves (1,807) (1,796)    
Plus: Loss adjustment expenses reserves 339 66    
Claim liability reported on Balance Sheet, before reinsurance 18,464 3,250    
Reinsurance recoverable reported on Balance Sheet $ 6,063 $ 880    
II [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 26 23    
Remaining weighted-average contract period (in years) 30 years 26 years    
Gross insured contractual payments outstanding:        
Principal $ 1,992,543 $ 1,912,237    
Interest 7,080,969 6,834,538    
Total 9,073,512 8,746,775    
Gross undiscounted claim liability 547,550 173,930    
Discount, gross claim liability 331,234 96,218    
Gross claim liability before all subrogation and before reinsurance 216,316 77,712    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation (14,529) (12,937)    
Discount, other subrogation 6,526 3,961    
Discounted other subrogation, before reinsurance (8,003) (8,976)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 208,313 68,736    
Less: Unearned premium reserves (49,578) (48,871)    
Plus: Loss adjustment expenses reserves 777 629    
Claim liability reported on Balance Sheet, before reinsurance 159,512 20,494    
Reinsurance recoverable reported on Balance Sheet $ 2,737 $ 85    
III [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 43 63    
Remaining weighted-average contract period (in years) 17 years 19 years    
Gross insured contractual payments outstanding:        
Principal $ 1,779,889 $ 2,972,615    
Interest 1,110,051 1,792,525    
Total 2,889,940 4,765,140    
Gross undiscounted claim liability 861,455 1,595,525    
Discount, gross claim liability 256,108 458,805    
Gross claim liability before all subrogation and before reinsurance 605,347 1,136,720    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation (118,272) (526,957)    
Discount, other subrogation 13,426 198,643    
Discounted other subrogation, before reinsurance (104,846) (328,314)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 500,501 808,406    
Less: Unearned premium reserves (31,785) (63,257)    
Plus: Loss adjustment expenses reserves 11,036 15,090    
Claim liability reported on Balance Sheet, before reinsurance 479,752 760,239    
Reinsurance recoverable reported on Balance Sheet $ 39,352 $ 59,503    
IV [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 169 157    
Remaining weighted-average contract period (in years) 14 years 13 years    
Gross insured contractual payments outstanding:        
Principal $ 7,926,991 $ 8,942,730    
Interest 2,275,421 2,391,523    
Total 10,202,412 11,334,253    
Gross undiscounted claim liability 6,139,060 6,339,537    
Discount, gross claim liability 710,608 770,694    
Gross claim liability before all subrogation and before reinsurance 5,428,452 5,568,843    
Less:        
Gross RMBS subrogation (1,926,165) (2,841,291)    
Discount, RMBS subrogation 19,130 11,716    
Discounted RMBS subrogation, before reinsurance (1,907,035) (2,829,575)    
Less:        
Gross other subrogation (593,919) (835,078)    
Discount, other subrogation 56,273 127,669    
Discounted other subrogation, before reinsurance (537,646) (707,409)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 2,983,771 2,031,859    
Less: Unearned premium reserves (57,194) (71,848)    
Plus: Loss adjustment expenses reserves 56,089 57,479    
Claim liability reported on Balance Sheet, before reinsurance 2,982,666 2,017,490    
Reinsurance recoverable reported on Balance Sheet $ (17,854) $ (17,111)    
V [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 3 3    
Remaining weighted-average contract period (in years) 5 years 6 years    
Gross insured contractual payments outstanding:        
Principal $ 49,247 $ 54,590    
Interest 14,185 16,791    
Total 63,432 71,381    
Gross undiscounted claim liability 63,431 71,381    
Discount, gross claim liability 5,859 6,779    
Gross claim liability before all subrogation and before reinsurance 57,572 64,602    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation (12,751) (13,098)    
Discount, other subrogation 3,854 3,978    
Discounted other subrogation, before reinsurance (8,897) (9,120)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 48,675 55,482    
Less: Unearned premium reserves (383) (455)    
Plus: Loss adjustment expenses reserves 0 0    
Claim liability reported on Balance Sheet, before reinsurance 48,292 55,027    
Reinsurance recoverable reported on Balance Sheet $ 0 $ 0