XML 24 R67.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements - Summary of Carrying Amount and Fair Value of Ambac's Financial Assets and Liabilities (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2013
Successor Ambac [Member]
Apr. 30, 2013
Successor Ambac [Member]
Sep. 30, 2013
Successor Ambac [Member]
Variable Interest Entity [Member]
Apr. 30, 2013
Successor Ambac [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
Total Fair Value [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Total Fair Value [Member]
Futures Contracts [Member]
Sep. 30, 2013
Successor Ambac [Member]
Total Fair Value [Member]
Credit Derivatives [Member]
Sep. 30, 2013
Successor Ambac [Member]
Total Fair Value [Member]
Other Contracts [Member]
Sep. 30, 2013
Successor Ambac [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
Carrying Amount [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Carrying Amount [Member]
Futures Contracts [Member]
Sep. 30, 2013
Successor Ambac [Member]
Carrying Amount [Member]
Credit Derivatives [Member]
Sep. 30, 2013
Successor Ambac [Member]
Carrying Amount [Member]
Other Contracts [Member]
Sep. 30, 2013
Successor Ambac [Member]
Other Assets [Member]
Total Fair Value [Member]
Interest Rate Swaps [Member]
Sep. 30, 2013
Successor Ambac [Member]
Other Assets [Member]
Carrying Amount [Member]
Interest Rate Swaps [Member]
Sep. 30, 2013
Successor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Total Fair Value [Member]
Interest Rate Swaps [Member]
Sep. 30, 2013
Successor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Total Fair Value [Member]
Interest Rate Swaps [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Total Fair Value [Member]
Currency Swaps [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Carrying Amount [Member]
Interest Rate Swaps [Member]
Sep. 30, 2013
Successor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Carrying Amount [Member]
Interest Rate Swaps [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Carrying Amount [Member]
Currency Swaps [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 1 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 1 [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 1 [Member]
Futures Contracts [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 2 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 2 [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 2 [Member]
Other Contracts [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 2 [Member]
Other Assets [Member]
Interest Rate Swaps [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 2 [Member]
Interest Rate Swaps - Liability Position [Member]
Interest Rate Swaps [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 2 [Member]
Interest Rate Swaps - Liability Position [Member]
Interest Rate Swaps [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 2 [Member]
Interest Rate Swaps - Liability Position [Member]
Currency Swaps [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 3 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 3 [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 3 [Member]
Credit Derivatives [Member]
Sep. 30, 2013
Successor Ambac [Member]
Level 3 [Member]
Interest Rate Swaps - Liability Position [Member]
Interest Rate Swaps [Member]
Sep. 30, 2013
Successor Ambac [Member]
Municipal Obligations [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
Municipal Obligations [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
Municipal Obligations [Member]
Level 2 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Corporate Obligations [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
Corporate Obligations [Member]
Total Fair Value [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Corporate Obligations [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
Corporate Obligations [Member]
Carrying Amount [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Corporate Obligations [Member]
Level 2 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Corporate Obligations [Member]
Level 3 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Corporate Obligations [Member]
Level 3 [Member]
Variable Interest Entity [Member]
Sep. 30, 2013
Successor Ambac [Member]
Foreign Obligations [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
Foreign Obligations [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
Foreign Obligations [Member]
Level 2 [Member]
Sep. 30, 2013
Successor Ambac [Member]
U.S. Government Obligations [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
U.S. Government Obligations [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
U.S. Government Obligations [Member]
Level 1 [Member]
Sep. 30, 2013
Successor Ambac [Member]
U.S. Agency Obligations [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
U.S. Agency Obligations [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
U.S. Agency Obligations [Member]
Level 2 [Member]
Sep. 30, 2013
Successor Ambac [Member]
U.S. Agency Obligations [Member]
Level 3 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Residential Mortgage-Backed Securities [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
Residential Mortgage-Backed Securities [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
Residential Mortgage-Backed Securities [Member]
Level 2 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Collateralized Debt Obligations [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
Collateralized Debt Obligations [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
Collateralized Debt Obligations [Member]
Level 2 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Other Commercial Asset-Backed [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
Other Commercial Asset-Backed [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
Other Commercial Asset-Backed [Member]
Level 2 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Other Commercial Asset-Backed [Member]
Level 3 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Short-Term [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
Short-Term [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
Short-Term [Member]
Level 1 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Short-Term [Member]
Level 2 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Other [Member]
Total Fair Value [Member]
Sep. 30, 2013
Successor Ambac [Member]
Other [Member]
Carrying Amount [Member]
Sep. 30, 2013
Successor Ambac [Member]
Other [Member]
Level 2 [Member]
Sep. 30, 2013
Successor Ambac [Member]
Other [Member]
Level 3 [Member]
Apr. 30, 2013
Predecessor Ambac [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Apr. 30, 2013
Predecessor Ambac [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Total Fair Value [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Total Fair Value [Member]
Futures Contracts [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Total Fair Value [Member]
Credit Derivatives [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Total Fair Value [Member]
Other Contracts [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Carrying Amount [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Carrying Amount [Member]
Futures Contracts [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Carrying Amount [Member]
Credit Derivatives [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Carrying Amount [Member]
Other Contracts [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Other Assets [Member]
Total Fair Value [Member]
Interest Rate Swaps [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Other Assets [Member]
Carrying Amount [Member]
Interest Rate Swaps [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Total Fair Value [Member]
Interest Rate Swaps [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Total Fair Value [Member]
Interest Rate Swaps [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Total Fair Value [Member]
Currency Swaps [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Carrying Amount [Member]
Interest Rate Swaps [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Carrying Amount [Member]
Interest Rate Swaps [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Interest Rate Swaps - Liability Position [Member]
Carrying Amount [Member]
Currency Swaps [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 1 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 1 [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 1 [Member]
Futures Contracts [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 2 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 2 [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 2 [Member]
Other Contracts [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 2 [Member]
Other Assets [Member]
Interest Rate Swaps [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 2 [Member]
Interest Rate Swaps - Liability Position [Member]
Interest Rate Swaps [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 2 [Member]
Interest Rate Swaps - Liability Position [Member]
Interest Rate Swaps [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 2 [Member]
Interest Rate Swaps - Liability Position [Member]
Currency Swaps [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 3 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 3 [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 3 [Member]
Credit Derivatives [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Level 3 [Member]
Interest Rate Swaps - Liability Position [Member]
Interest Rate Swaps [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Municipal Obligations [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Municipal Obligations [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Municipal Obligations [Member]
Level 2 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Corporate Obligations [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Corporate Obligations [Member]
Total Fair Value [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Corporate Obligations [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Corporate Obligations [Member]
Carrying Amount [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Corporate Obligations [Member]
Level 2 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Corporate Obligations [Member]
Level 3 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Corporate Obligations [Member]
Level 3 [Member]
Variable Interest Entity [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Foreign Obligations [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Foreign Obligations [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Foreign Obligations [Member]
Level 2 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
U.S. Government Obligations [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
U.S. Government Obligations [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
U.S. Government Obligations [Member]
Level 1 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
U.S. Agency Obligations [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
U.S. Agency Obligations [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
U.S. Agency Obligations [Member]
Level 2 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Residential Mortgage-Backed Securities [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Residential Mortgage-Backed Securities [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Residential Mortgage-Backed Securities [Member]
Level 2 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Collateralized Debt Obligations [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Collateralized Debt Obligations [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Collateralized Debt Obligations [Member]
Level 2 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Collateralized Debt Obligations [Member]
Level 3 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Other Commercial Asset-Backed [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Other Commercial Asset-Backed [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Other Commercial Asset-Backed [Member]
Level 2 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Other Commercial Asset-Backed [Member]
Level 3 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Short-Term [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Short-Term [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Short-Term [Member]
Level 1 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Short-Term [Member]
Level 2 [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Other [Member]
Total Fair Value [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Other [Member]
Carrying Amount [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Other [Member]
Level 3 [Member]
Financial assets:                                                                                                                                                                                                                                                                                                          
Fixed income securities     $ 6,448,167                                                                       $ 1,444,358 $ 1,444,358 $ 1,444,358 $ 1,344,686 $ 2,423,914 $ 1,344,686 $ 2,423,914 $ 1,341,253 $ 3,433 $ 2,423,914 $ 122,499 $ 122,499 $ 122,499 $ 105,260 $ 105,260 $ 105,260 $ 35,489 $ 35,489 $ 35,216 $ 273 $ 1,555,612 $ 1,555,612 $ 1,555,612 $ 91,055 $ 91,055 $ 91,055 $ 1,059,706 $ 1,059,706 $ 992,341 $ 67,365                   $ 6,329,832                                                                     $ 1,848,932 $ 1,848,932 $ 1,848,932 $ 1,077,972 $ 2,261,294 $ 1,077,972 $ 2,261,294 $ 1,074,316 $ 3,656 $ 2,261,294 $ 70,112 $ 70,112 $ 70,112 $ 127,283 $ 127,283 $ 127,283 $ 82,535 $ 82,535 $ 82,535 $ 1,455,582 $ 1,455,582 $ 1,455,582 $ 33,342 $ 33,342 $ 26,860 $ 6,482 $ 706,637 $ 706,637 $ 656,373 $ 50,264              
Restricted cash               23,045         23,045                         23,045                                                                                                               2,290         2,290                         2,290                                                                                                  
Short term investments     549,229                                                                                                                                   549,229 549,229 538,079 11,150           661,658                                                                                                                                 661,658 661,658 657,886 3,772      
Fixed income securities, pledged as collateral                                                                                                       140,273 140,273 140,273                                                                                                                                               265,779 265,779 265,779                                          
Other investments     237,446                                                                                                                                           237,446 237,446 237,396 50   100                                                                                                                                         100 100 100
Cash             28,551         28,551                         28,551                                                                                                               43,837         43,837                         43,837                                                                                                    
Loans at Carrying Amount         14,762,446 14,752,053           6,148 14,762,446                                                                                                                                   14,758,077 15,568,711           9,203 15,568,711                                                                                                                            
Loans         14,762,446   6,278 14,762,446                                                     6,278 14,762,446                                                                                       15,359,073 7,387 15,560,051                                         200,978           7,387 15,359,073                                                                              
Derivative assets                                 85,538 85,538                         85,538                                                                                                       1,253         1,253     124,853 124,853                 1,253       124,853                                                                                        
Derivative assets                                     (2,576)     (2,576)                   (2,576)                                                                                                                                                                                                                                           
Other assets 13,671 14,557         13,671         13,671                                             13,671                                                                                           14,557         14,557                                             14,557                                                                                
Total financial assets             24,026,480         24,026,350                         835,208     5,913,842             17,277,430                                                                                           24,345,454         24,355,930                         1,098,328     5,544,313             17,702,813                                                                                
Financial liabilities:                                                                                                                                                                                                                                                                                                          
Obligations under investment and repurchase agreements     359,484 358,878               360,854                                                                                                                                 357,373 356,091               362,017                                                                                                                              
Obligations under investment and repurchase agreements             361,627                                                       361,627                                                                                           361,905                                                       361,905                                                                                
Liabilities subject to compromise                                                                                                                                                          1,704,641 1,704,904               1,690,312                                                                                                                              
Liabilities subject to compromise                                                                                                                                                                 434,823                                         434,823                                                                                              
Long term debt, including accrued interest     954,721 940,313 15,266,893 15,023,038 1,123,202         1,225,054                                             1,123,202                                                                                   155,271 150,170 15,041,624 15,436,008 801,277         377,524                                             801,277                                                                                
Derivative liabilities                                 (55,601) (55,601)   1,960,732     1,960,732               (55,601)   1,960,732                                                                                                                   (73,264) (73,264)   2,131,315     2,131,315               (73,264)   2,131,315                                                                                    
Derivative liabilities 202,653 213,585             2,023 202,653 155     2,023 202,653 155     251,152   86,472 251,152   86,472     2,023     155   148,131   86,472     202,653 103,021                                                                                           213,585 220        213,585 220     390,774   90,466 390,774   90,466           220   282,022   90,466     213,585 108,752                                                                          
Liabilities for net financial guarantees written             5,020,431         4,474,619                                             5,020,431                                                                                           3,091,257         7,074,808                                             3,091,257                                                                                
Long-term debt         15,265,390     15,266,893         15,266,893                               13,642,742             1,624,151                                                                                       15,200,538   15,414,233         15,436,008                               12,457,732             2,956,501                                                                              
Total financial liabilities             $ 24,219,739         $ 23,775,006                         $ 2,023     $ 15,782,631             $ 8,435,085                                                                                           $ 22,856,591         $ 27,693,765                               $ 15,323,314             $ 7,533,277