XML 68 R53.htm IDEA: XBRL DOCUMENT v3.10.0.1
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
6 Months Ended 12 Months Ended
Jun. 30, 2018
USD ($)
Policies
Dec. 31, 2017
USD ($)
Policies
Jun. 30, 2017
USD ($)
Dec. 31, 2016
USD ($)
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Loss Reserves Ceded To Reinsurers $ 38,293 $ 40,658 $ 47,034 $ 30,767
Ceded Loss And Loss Expenses Paid Not Yet Recovered $ 778 $ 339 $ (568)  
Number of policies | Policies 240 277    
Remaining weighted-average contract period (in years) 16 years 17 years    
Gross insured contractual payments outstanding:        
Principal $ 9,994,954 $ 11,687,070    
Interest 10,805,030 11,197,612    
Total 20,799,984 22,884,682    
Gross undiscounted claim liability 4,042,471 8,025,561    
Discount, gross claim liability 1,367,007 1,291,005    
Gross claim liability before all subrogation and before reinsurance 2,675,464 6,734,556    
Less:        
Gross RMBS subrogation (1,851,859) (1,857,502)    
Discount, RMBS subrogation 35,474 23,115    
Discounted RMBS subrogation, before reinsurance (1,816,385) (1,834,387)    
Less:        
Gross other subrogation (712,785) (827,078)    
Discount, other subrogation 81,900 86,822    
Discounted other subrogation, before reinsurance (630,885) (740,256)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 228,194 4,159,913    
Less: Unearned premium reserves (121,401) (135,502)    
Plus: Loss adjustment expenses reserves 74,353 89,391    
Claim liability reported on Balance Sheet, before reinsurance 181,146 4,113,802    
Reinsurance recoverable reported on Balance Sheet $ 39,071 $ 40,997    
I/SL [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 29 26    
Remaining weighted-average contract period (in years) 10 years 10 years    
Gross insured contractual payments outstanding:        
Principal $ 968,349 $ 1,046,267    
Interest 523,712 531,657    
Total 1,492,061 1,577,924    
Gross undiscounted claim liability 4,231 4,434    
Discount, gross claim liability 534 465    
Gross claim liability before all subrogation and before reinsurance 3,697 3,969    
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 3,697 3,969    
Less: Unearned premium reserves (1,425) (2,126)    
Plus: Loss adjustment expenses reserves 2,778 16,116    
Claim liability reported on Balance Sheet, before reinsurance 5,050 17,959    
Reinsurance recoverable reported on Balance Sheet $ 237 $ 202    
IA [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 26 20    
Remaining weighted-average contract period (in years) 22 years 23 years    
Gross insured contractual payments outstanding:        
Principal $ 571,525 $ 531,190    
Interest 578,171 584,098    
Total 1,149,696 1,115,288    
Gross undiscounted claim liability 56,137 56,659    
Discount, gross claim liability 14,068 13,095    
Gross claim liability before all subrogation and before reinsurance 42,069 43,564    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation (8,855) (7,990)    
Discount, other subrogation 5,982 5,169    
Discounted other subrogation, before reinsurance (2,873) (2,821)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 39,196 40,743    
Less: Unearned premium reserves (9,951) (9,990)    
Plus: Loss adjustment expenses reserves 1,419 3,242    
Claim liability reported on Balance Sheet, before reinsurance 30,664 33,995    
Reinsurance recoverable reported on Balance Sheet $ 4,404 $ 4,894    
II [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 13 26    
Remaining weighted-average contract period (in years) 9 years 10 years    
Gross insured contractual payments outstanding:        
Principal $ 583,420 $ 1,199,909    
Interest 228,073 413,045    
Total 811,493 1,612,954    
Gross undiscounted claim liability 48,815 77,289    
Discount, gross claim liability 6,569 12,250    
Gross claim liability before all subrogation and before reinsurance 42,246 65,039    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation 0 (9,371)    
Discount, other subrogation 0 2,550    
Discounted other subrogation, before reinsurance 0 (6,821)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 42,246 58,218    
Less: Unearned premium reserves (8,700) (12,238)    
Plus: Loss adjustment expenses reserves 1,116 665    
Claim liability reported on Balance Sheet, before reinsurance 34,662 46,645    
Reinsurance recoverable reported on Balance Sheet $ 8,414 $ 9,424    
III [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 19 22    
Remaining weighted-average contract period (in years) 23 years 24 years    
Gross insured contractual payments outstanding:        
Principal $ 1,925,546 $ 1,998,861    
Interest 7,175,101 7,182,715    
Total 9,100,647 9,181,576    
Gross undiscounted claim liability 1,399,682 1,412,976    
Discount, gross claim liability 660,579 643,897    
Gross claim liability before all subrogation and before reinsurance 739,103 769,079    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation (45,560) (53,070)    
Discount, other subrogation 7,328 8,349    
Discounted other subrogation, before reinsurance (38,232) (44,721)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 700,871 724,358    
Less: Unearned premium reserves (43,963) (46,086)    
Plus: Loss adjustment expenses reserves 8,823 13,331    
Claim liability reported on Balance Sheet, before reinsurance 665,731 691,603    
Reinsurance recoverable reported on Balance Sheet $ 38,028 $ 38,465    
IV [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 149 179    
Remaining weighted-average contract period (in years) 13 years 13 years    
Gross insured contractual payments outstanding:        
Principal $ 5,902,142 $ 6,862,281    
Interest 2,284,742 2,469,765    
Total 8,186,884 9,332,046    
Gross undiscounted claim liability 2,474,435 6,409,340    
Discount, gross claim liability 680,162 616,559    
Gross claim liability before all subrogation and before reinsurance 1,794,273 5,792,781    
Less:        
Gross RMBS subrogation (1,851,859) (1,857,502)    
Discount, RMBS subrogation 35,474 23,115    
Discounted RMBS subrogation, before reinsurance (1,816,385) (1,834,387)    
Less:        
Gross other subrogation (645,275) (743,456)    
Discount, other subrogation 64,553 67,045    
Discounted other subrogation, before reinsurance (580,722) (676,411)    
Gross claim liability, net of all subrogation and discounts, before reinsurance (602,834) 3,281,983    
Less: Unearned premium reserves (57,120) (64,786)    
Plus: Loss adjustment expenses reserves 60,217 56,037    
Claim liability reported on Balance Sheet, before reinsurance (599,737) 3,273,234    
Reinsurance recoverable reported on Balance Sheet $ (12,012) $ (11,988)    
V [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 4 4    
Remaining weighted-average contract period (in years) 4 years 4 years    
Gross insured contractual payments outstanding:        
Principal $ 43,972 $ 48,562    
Interest 15,231 16,332    
Total 59,203 64,894    
Gross undiscounted claim liability 59,171 64,863    
Discount, gross claim liability 5,095 4,739    
Gross claim liability before all subrogation and before reinsurance 54,076 60,124    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation (13,095) (13,191)    
Discount, other subrogation 4,037 3,709    
Discounted other subrogation, before reinsurance (9,058) (9,482)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 45,018 50,642    
Less: Unearned premium reserves (242) (276)    
Plus: Loss adjustment expenses reserves 0 0    
Claim liability reported on Balance Sheet, before reinsurance 44,776 50,366    
Reinsurance recoverable reported on Balance Sheet $ 0 $ 0