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Consolidated Balance Sheets - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Assets:        
Fixed maturity securities, at fair value $ 2,073,000 $ 2,073,000    
Total investments (net of allowance for credit losses of $1 and $3) 2,634,000 2,634,000 $ 2,664,000  
Restricted Cash 16,000 16,000 12,000  
Premiums Receivable, Net 342,000 342,000 290,000  
Premium Receivable, Allowance for Credit Loss 3,000 3,000 4,000  
Reinsurance Recoverables on Unpaid Losses, Allowance 0 0 0  
Reinsurance Recoverables, Including Reinsurance Premium Paid 311,000 311,000 195,000  
Deferred ceded premium 242,000 242,000 204,000  
Subrogation recoverable 124,000 124,000 137,000  
Derivative assets 33,000 33,000 26,000  
Intangible assets, less accumulated amortization 598,000 598,000 307,000  
Goodwill 434,000 434,000 70,000 $ 61,000
Other assets 228,000 228,000 129,000  
Total assets 9,256,000 9,256,000 8,428,000  
Liabilities:        
Unearned premiums 458,000 458,000 422,000  
Liability for Claims and Claims Adjustment Expense 938,000 938,000 893,000  
Ceded premiums payable 165,000 165,000 90,000  
Long-term debt 518,000 518,000 508,000  
Accrued interest payable 515,000 515,000 475,000  
Derivative Liability 35,000 35,000 35,000  
Other liabilities 262,000 262,000 180,000  
Total liabilities 7,383,000 7,383,000 6,997,000  
Redeemable Noncontrolling Interest, Equity, Redemption Value 204,000 204,000    
Redeemable Noncontrolling Interest, Equity, Carrying Amount 204,000 204,000 17,000 20,000
Liabilities 7,383,000 7,383,000 6,997,000  
Stockholders’ equity:        
Preferred stock, par value $0.01 per share; 20,000,000 shares authorized; issued and outstanding shares—none 0 0 0  
Common Stock, Value, Issued 0 0 0  
Additional paid-in capital 328,000 328,000 292,000  
Accumulated other comprehensive income (81,000) (81,000) (160,000) (253,000)
Retained earnings 1,235,000 1,235,000 1,246,000  
Treasury stock, shares at cost: 0 and 8,202 (17,000) (17,000) (17,000)  
Total Ambac Financial Group, Inc. stockholders’ equity 1,465,000 1,465,000 1,362,000  
Noncontrolling interest 205,000 205,000 53,000  
Total stockholders’ equity 1,670,000 1,670,000 1,415,000 1,305,000
Total liabilities and stockholders’ equity 9,256,000 9,256,000 8,428,000  
Debt Securities, Available-for-sale, Allowance for Credit Loss 1,000 1,000 3,000  
Debt Securities, Available-for-sale, Amortized Cost 2,069,000 2,069,000 2,197,000  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 117,000 117,000 274,000 $ 61,000
Deferred Policy Acquisition Cost 13,000 13,000 11,000  
Capitalized Contract Cost, Net 8,000 8,000 6,000  
Deferred Income Tax Liabilities, Net $ 100,000 $ 100,000 $ 19,000  
Treasury Stock, Common, Shares 1,432,634 1,432,634 1,463,774  
Preferred Stock, Shares Issued 0 0 0  
Short-Term Debt $ 148,000 $ 148,000    
Afg [Member]        
Stockholders’ equity:        
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 70,000 70,000 $ 28,000  
Short-term Investments [Member]        
Assets:        
Fixed maturity securities, at fair value 305,000 305,000 426,000  
Stockholders’ equity:        
Debt Securities, Available-for-sale, Allowance for Credit Loss 0 0 0  
Debt Securities, Available-for-sale, Amortized Cost 305,000 305,000 426,000  
Variable Interest Entity, Primary Beneficiary [Member]        
Assets:        
Fixed maturity securities, at fair value 2,238,000 2,238,000 2,167,000  
Restricted Cash 47,000 47,000 246,000  
Derivative assets 216,000 216,000 226,000  
Other assets 110,000 110,000 92,000  
Total assets 4,262,000 4,262,000 4,394,000  
Liabilities:        
Long-term debt 2,996,000 2,996,000 2,967,000  
Derivative Liability 1,223,000 1,223,000 1,197,000  
Other Sundry Liabilities, Current 51,000 51,000 240,000  
Other liabilities 10,000 10,000 5,000  
Total liabilities 4,271,000 4,271,000 4,404,000  
Liabilities 4,271,000 4,271,000 4,404,000  
Stockholders’ equity:        
Financing Receivable, after Allowance for Credit Loss 1,651,000 1,651,000 1,663,000  
Gross Investment Income, Operating 3,000      
Derivative and other assets 326,000 326,000 318,000  
Fixed Income Securities [Member]        
Assets:        
Fixed maturity securities, at fair value 1,740,000 1,740,000 1,710,000  
Stockholders’ equity:        
Debt Securities, Available-for-sale, Allowance for Credit Loss 1,000 1,000 3,000  
Debt Securities, Available-for-sale, Amortized Cost 1,737,000 1,737,000 1,744,000  
Debt Securities, Available-for-Sale, Excluding Accrued Interest 1,740,000 1,740,000 1,710,000  
Debt Securities, Available-for-Sale, Amortized Cost, Excluding Accrued Interest, before Allowance for Credit Loss 1,737,000 1,737,000 1,744,000  
Short-term Investments [Member]        
Assets:        
Fixed maturity securities, at fair value 305,000 305,000 426,000  
Stockholders’ equity:        
Gross Investment Income, Operating 4,000 14,000    
Other Investments [Member]        
Stockholders’ equity:        
Other Investment Not Readily Marketable, Fair Value 561,000 561,000 475,000  
Gross Investment Income, Operating 14,000 35,000    
Fixed Income Securities, Trading        
Stockholders’ equity:        
Gross Investment Income, Operating 0 4,000    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 0 0 27,000  
Collateral Pledged [Member] | Fixed Income Securities [Member]        
Assets:        
Fixed maturity securities, at fair value 27,000 27,000 27,000  
Stockholders’ equity:        
Debt Securities, Available-for-sale, Amortized Cost 27,000 27,000 0  
Collateral Pledged [Member] | Fixed Income Securities [Member] | Short-term Investments [Member]        
Assets:        
Fixed maturity securities, at fair value 0 0 27,000  
Stockholders’ equity:        
Debt Securities, Available-for-sale, Allowance for Credit Loss 0 0 0  
Debt Securities, Available-for-sale, Amortized Cost 0 0 27,000  
Collateral Pledged [Member] | Short-term Investments        
Stockholders’ equity:        
Debt Securities, Available-for-sale, Amortized Cost 0 0 27,000  
Collateralized Securities | Fixed Income Securities [Member]        
Stockholders’ equity:        
Debt Securities, Available-for-Sale, Excluding Accrued Interest 27,000 27,000 0  
Collateralized Securities | Short-term Investments [Member]        
Assets:        
Fixed maturity securities, at fair value $ 0 $ 0 $ 27,000