XML 24 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - Successor [Member] - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets:    
Fixed income securities, at fair value $ 4,652,172 $ 5,554,215
Fixed income securities pledged as collateral, at fair value 99,719 64,905
Short-term investments, at fair value 557,270 430,788
Other Investments 431,630 450,307
Total investments 5,740,791 6,500,215
Cash and cash equivalents 623,703 91,025
Receivable for securities 11,177 2,090
Investment income due and accrued 16,532 26,023
Premium receivables 586,312 661,337
Reinsurance recoverable on paid and unpaid losses 40,997 30,418
Deferred ceded premium 52,195 69,624
Subrogation recoverable 631,213 684,731
Loans 10,358 4,160
Derivative assets 73,199 77,742
Income Taxes Receivable, Current 11,803 0
Insurance intangible asset 846,973 962,080
Other assets 46,614 158,423
Total assets 23,192,374 22,635,702
Liabilities:    
Unearned premiums 783,155 967,258
Loss and loss expense reserves 4,745,015 4,380,769
Ceded premiums payable 37,876 42,529
Obligations under investment agreements 0 82,358
Deferred Income Tax Liabilities, Net 33,659 1,720
Current taxes 0 14,280
Long-term debt 991,696 1,114,405
Accrued interest payable 436,984 421,975
Derivative liabilities 82,782 319,286
Other liabilities 67,583 76,589
Payable for securities purchased 1,932 1,084
Variable interest entity liabilities:    
Total liabilities 21,547,116 20,657,678
Stockholders’ equity:    
Preferred stock, par value $0.01 per share; 20,000,000 shares authorized shares; issued and outstanding shares—none 0 0
Common stock, par value $0.01 per share; 130,000,000 shares authorized; issued and outstanding shares: 45,275,982 and 45,194,954 453 452
Additional paid-in capital 199,560 195,267
Accumulated other comprehensive income (loss) (52,239) (38,990)
Retained earnings 1,233,845 1,557,681
Treasury stock, shares at cost: 24,816 and 22,458 (471) (496)
Total Ambac Financial Group, Inc. stockholders’ equity 1,381,148 1,713,914
Noncontrolling interest 264,110 264,110
Total stockholders’ equity 1,645,258 1,978,024
Total liabilities and stockholders’ equity 23,192,374 22,635,702
Variable Interest Entity [Member]    
Assets:    
Fixed income securities, at fair value 2,914,145 2,622,566
Derivative assets 54,877 80,407
Other assets 1,123 1,025
Variable interest entity assets:    
Restricted cash 978 4,873
Loans, at fair value 11,529,384 10,658,963
Liabilities:    
Long-term debt 12,160,544 11,155,936
Accrued interest payable 589 859
Derivative liabilities 2,205,264 2,078,601
Other liabilities $ 37 $ 29