XML 126 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Apr. 30, 2013
Jun. 30, 2013
Successor Ambac [Member]
Apr. 30, 2013
Successor Ambac [Member]
Jun. 30, 2013
Successor Ambac [Member]
Variable Interest Entity [Member]
Apr. 30, 2013
Successor Ambac [Member]
Variable Interest Entity [Member]
Apr. 30, 2013
Predecessor Ambac [Member]
Mar. 31, 2013
Predecessor Ambac [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Jun. 30, 2012
Predecessor Ambac [Member]
Dec. 31, 2011
Predecessor Ambac [Member]
Apr. 30, 2013
Predecessor Ambac [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Variable Interest Entity [Member]
Assets:                        
Fixed income securities, at fair value (amortized cost of $5,676,216 in 2013 and $4,751,824 in 2012)   $ 5,585,275   $ 2,242,989 $ 2,500,565     $ 5,402,395     $ 2,500,565 $ 2,261,294
Fixed income securities pledged as collateral, at fair value (amortized cost of $164,340 in 2013 and $265,517 in 2012)   164,295           265,779        
Short-term investments, at fair value (amortized cost of $611,174 in 2013 and $661,219 in 2012)   611,177           661,658        
Other investments, at fair value   240,417           100        
Total investments   6,601,164 6,457,264     6,457,264   6,329,932        
Cash   20,515 152,951     254,851   43,837        
Receivable for securities   2,221 682     682   761        
Investment income due and accrued   35,718 37,961 1,224 4,851 37,961   39,742     4,851 4,101
Premium receivables   1,464,898 1,531,631     1,531,631   1,620,621        
Reinsurance recoverable on paid and unpaid losses   154,964 151,311     151,311   159,086        
Deferred ceded premium   159,165 166,212     166,212   177,893        
Subrogation recoverable   501,087 533,673     533,673   497,346        
Deferred acquisition costs            184,953   199,160        
Loans   7,053 7,282 13,820,878 14,752,053 8,857   9,203     14,758,077 15,568,711
Derivative assets   91,178 121,643     121,643   126,106        
Current taxes   4,224 4,410                    
Insurance intangible asset   1,621,612 1,658,972                    
Goodwill 514,511 514,511 514,511                    
Other assets   33,738 54,821 13,222 13,972 54,821   39,715     13,972 5,467
Variable interest entity assets:                        
Fixed income securities, at fair value   5,585,275   2,242,989 2,500,565     5,402,395     2,500,565 2,261,294
Restricted cash       22,994 24,150           24,150 2,290
Investment income due and accrued   35,718 37,961 1,224 4,851 37,961   39,742     4,851 4,101
Loans (includes $13,820,878 and $15,359,073 at fair value)   7,053 7,282 13,820,878 14,752,053 8,857   9,203     14,758,077 15,568,711
Intangible assets       162,012 164,520           164,520   
Other assets   33,738 54,821 13,222 13,972 54,821   39,715     13,972 5,467
Total assets 28,853,435 27,475,367 28,853,435     26,969,994   27,085,265        
Liabilities:                        
Liabilities subject to compromise            1,704,641   1,704,904        
Unearned premiums   2,372,807 2,482,314     2,482,314   2,778,401        
Losses and loss expense reserve   6,042,649 6,106,345     6,106,345   6,619,486        
Ceded premiums payable   89,435 92,468     92,468   94,527        
Obligations under investment agreements   358,610 358,878     357,373   356,091        
Obligations under investment repurchase agreements   5,926 5,926     5,926   5,926        
Deferred taxes   1,564 1,580     1,580   1,586        
Current taxes            97,490   96,778        
Long-term debt   945,940 940,313 14,268,493 15,023,038 155,271   150,170     15,041,624 15,436,008
Accrued interest payable   249,387 233,876 724 4,318 252,788   228,835     4,318 3,618
Derivative liabilities   451,790 621,645 1,989,783 2,425,517 621,645   531,315     2,425,517 2,221,781
Other liabilities   86,663 90,745 6,628 6,030 88,908   102,488     6,030 293
Payable for securities purchased   42,901 27     27   25        
Variable interest entity liabilities:                        
Accrued interest payable   249,387 233,876 724 4,318 252,788   228,835     4,318 3,618
Long-term debt (includes $14,262,734 and $15,200,538 at fair value)   945,940 940,313 14,268,493 15,023,038 155,271   150,170     15,041,624 15,436,008
Derivative liabilities   451,790 621,645 1,989,783 2,425,517 621,645   531,315     2,425,517 2,221,781
Other liabilities   86,663 90,745 6,628 6,030 88,908   102,488     6,030 293
Total liabilities 28,393,020 26,913,300 28,393,020     29,444,265   30,332,232        
Stockholders' equity (deficit):                        
Preferred stock, value                            
Common stock, value   450           3,080        
Additional paid-in capital   184,565           2,172,027        
Accumulated other comprehensive (loss) income   (103,507)        800,260 720,071 625,385        
Retained earnings (accumulated deficit)   205,681       (5,697,961)   (6,297,264)        
Predecessor common stock held in treasury at cost, 5,580,657 shares at December 31, 2012            (410,695)   (410,755)        
Total Ambac Financial Group, Inc. stockholders' equity (deficit)   287,189 185,000     (3,133,289)   (3,907,527)        
Noncontrolling interest 275,415 274,878 275,415     659,018   660,560        
Total stockholders' equity (deficit)   562,067 460,415     275,415   (3,246,967) (3,755,379) (3,149,533)    
Total liabilities and stockholders' equity (deficit)   $ 27,475,367 $ 28,853,435     $ 26,969,994   $ 27,085,265