Comprehensive Income

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Comprehensive Income

5. COMPREHENSIVE INCOME

The following tables detail the changes in the balances of each component of accumulated other comprehensive income for the affected periods:

	Unrealized Gains (Losses) on Available- for-Sale Securities (1)						Gain (Loss) on Foreign Currency Translation (1)					Total
Successor Ambac	Three months ended September 30, 2013			Five months ended September 30, 2013			Three months ended September 30, 2013			Five months ended September 30, 2013		Three months ended September 30, 2013			Five months ended September 30, 2013
Beginning Balance	$	(90,983	)	$	—		$	(12,524	)	$	—	$	(103,507	)	$	—
Other comprehensive income before reclassifications		4,316			(70,195	)		39,384			26,860		43,700			(43,335	)
Amounts reclassified from accumulated other comprehensive income		49,561			33,089			—			—		49,561			33,089
Net current period other comprehensive income		53,877			(37,106	)		39,384			26,860		93,261			(10,246	)
Balance at September 30, 2013	$	(37,106	)	$	(37,106	)	$	26,860		$	26,860	$	(10,246	)	$	(10,246	)

	Unrealized Gains (Losses) on Available- for-Sale Securities (1)			Amortization of Postretirement Benefit (1)			Gain (Loss) on Foreign Currency Translation (1)			Total
Predecessor Ambac	Four months ended April 30, 2013			Four months ended April 30,  2013			Four months ended April 30,  2013			Four months ended April 30,  2013
Beginning Balance	$	651,272		$	(5,860	)	$	(20,027	)	$	625,385
Other comprehensive income before reclassifications		188,212			—			(657	)		187,555
Amounts reclassified from accumulated other comprehensive income		(12,865	)		185			—			(12,680	)
Elimination of Predecessor Ambac Shareholder Equity Accounts (2)		(826,619	)		5,675			20,684			(800,260	)
Net current period other comprehensive income		(651,272	)		5,860			20,027			(625,385	)
Balance at April 30, 2013	$	—		$	—		$	—		$	—

(1) All amounts are net of tax and noncontrolling interest. Amounts in parentheses indicate debits.

(2) See Note 2, Fresh Start Financial Statement Reporting, for additional information.

The following table details the significant amounts reclassed from each component of accumulated other comprehensive income for the affected periods:

	Amount Reclassified from Accumulated Other Comprehensive Income (1)
Details about Accumulated Other Comprehensive Income Components	Successor Ambac – Three months ended September 30, 2013			Successor Ambac – Five months ended September 30,  2013			Predecessor Ambac – Four months ended April 30, 2013			Affected Line Item in the Consolidated Statement of Total Comprehensive Income
Unrealized Gains (Losses) on Available-for-Sale Securities
	$	(49,561	)	$	(33,089	)	$	12,865		Net realized investment gains
		—			—			—		Tax (expense) benefit
	$	(49,561	)	$	(33,089	)	$	12,865		Net of tax and noncontrolling interest (3)
Amortization of Postretirement Benefit
Prior service cost	$	—		$	—		$	(1,616	)	Underwriting and operating expenses (2)
Actuarial gains (losses)		—			—			727		Underwriting and operating expenses (2)
		—			—			(889	)	Total before tax
		—			—			(704	)	Tax (expense) benefit
	$	—		$	—		$	(185	)	Net of tax and noncontrolling interest (3)
Total reclassifications for the period	$	49,561		$	33,089		$	(12,680	)	Net of tax and noncontrolling interest (3)

(1) Amounts in parentheses indicate debits to the Consolidated Statement of Comprehensive Income.

(2) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost.

(3) Amount agrees with amount reported as reclassifications from AOCI in the disclosure about changes in AOCI balances.