XML 37 R46.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Segment Reporting [Abstract] |
Summary of Financial Information by Reportable Segment | The following table is a summary of financial information by reportable segment for the affected periods:
|  | Financial Guarantee (3) |  |  | Financial Services |  |  | Corporate and Other |  |  | Inter-segment Eliminations |  |  | Consolidated |
Successor Ambac–Period from May 1 through December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers(1) |  | $ | 464,701 |  |  | $ | 116,177 |  |  | $ | 170 |  |  | $ | — |  |  | $ | 581,048 |
Inter-segment |  |  | 1,837 |  |  |  | (1,210 | ) |  |  | 22,126 |  |  |  | (22,753 | ) |  |  | — |
Total revenues |  | $ | 466,538 |  |  | $ | 114,967 |  |  | $ | 22,296 |  |  | $ | (22,753 | ) |  | $ | 581,048 |
Pre-tax income (loss) from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers(1) (2) (3) |  | $ | 402,651 |  |  | $ | 113,019 |  |  | $ | (3,354 | ) |  | $ | — |  |  | $ | 512,316 |
Inter-segment |  |  | (23,163 | ) |  |  | (1,644 | ) |  |  | 24,807 |  |  |  | — |  |  |  | — |
Pre-tax income (loss) from continuing operations |  | $ | 379,488 |  |  | $ | 111,375 |  |  | $ | 21,453 |  |  | $ | — |  |  | $ | 512,316 |
Total assets as of December 31, 2013 |  | $ | 26,597,097 |  |  | $ | 472,886 |  |  | $ | 36,956 |  |  | $ | — |  |  | $ | 27,106,939 |
Net investment income |  | $ | 145,269 |  |  | $ | 1,115 |  |  | $ | 62 |  |  | $ | — |  |  | $ | 146,446 |
Insurance intangible amortization |  | $ | 99,658 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 99,658 |
Interest expense |  | $ | 83,595 |  |  | $ | 1,355 |  |  | $ | — |  |  | $ | — |  |  | $ | 84,950 |
Reorganization items(4) |  | $ | — |  |  | $ | — |  |  | $ | 493 |  |  | $ | — |  |  | $ | 493 |
|  | Financial Guarantee |  |  | Financial Services |  |  | Corporate and Other |  |  | Inter-segment Eliminations |  |  | Consolidated |
Predecessor Ambac–Period from January 1 through April 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers(1) |  | $ | 633,010 |  |  | $ | 7,339 |  |  | $ | 39 |  |  | $ | — |  |  | $ | 640,388 |
Inter-segment |  |  | 940 |  |  |  | (882 | ) |  |  | 197,055 |  |  |  | (197,113 | ) |  |  | — |
Total revenues |  | $ | 633,950 |  |  | $ | 6,457 |  |  | $ | 197,094 |  |  | $ | (197,113 | ) |  | $ | 640,388 |
Pre-tax income (loss) from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers(1) (2) |  | $ | 1,830,165 |  |  | $ | 3,233 |  |  | $ | 1,514,635 |  |  | $ | — |  |  | $ | 3,348,033 |
Inter-segment |  |  | (197,187 | ) |  |  | (1,101 | ) |  |  | 198,288 |  |  |  | — |  |  |  | — |
Pre-tax income (loss) from continuing operations |  | $ | 1,632,978 |  |  | $ | 2,132 |  |  | $ | 1,712,923 |  |  | $ | — |  |  | $ | 3,348,033 |
Total assets as of April 30, 2013 |  | $ | 28,287,321 |  |  | $ | 536,711 |  |  | $ | 29,403 |  |  | $ | — |  |  | $ | 28,853,435 |
Net investment income |  | $ | 115,129 |  |  | $ | 1,572 |  |  | $ | 39 |  |  | $ | — |  |  | $ | 116,740 |
Interest expense |  | $ | 29,718 |  |  | $ | 1,307 |  |  | $ | — |  |  | $ | — |  |  | $ | 31,025 |
Reorganization items(4) |  | $ | (1,231,550 | ) |  | $ | 1,505 |  |  | $ | (1,515,135 | ) |  | $ | — |  |  | $ | (2,745,180 | )
|  | Financial Guarantee |  |  | Financial Services |  |  | Corporate and Other |  |  | Inter-segment Eliminations |  |  | Consolidated |
Predecessor Ambac – Year Ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers(1) |  | $ | 758,331 |  |  | ($ | 72,977 | ) |  | $ | 335 |  |  | $ | — |  |  | $ | 685,689 |
Inter-segment |  |  | 5,189 |  |  |  | (4,992 | ) |  |  | 645 |  |  |  | (842 | ) |  |  | — |
Total revenues |  | $ | 763,520 |  |  | ($ | 77,969 | ) |  | $ | 980 |  |  | ($ | 842 | ) |  | $ | 685,689 |
Pre-tax income (loss) from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers(1) (2) |  | ($ | 166,761 | ) |  | ($ | 83,015 | ) |  | ($ | 6,729 | ) |  | $ | — |  |  | ($ | 256,505 | )
Inter-segment |  |  | 580 |  |  |  | (5,775 | ) |  |  | 5,195 |  |  |  | — |  |  |  | — |
Pre-tax income (loss) from continuing operations |  | ($ | 166,181 | ) |  | ($ | 88,790 | ) |  | ($ | 1,534 | ) |  | $ | — |  |  | ($ | 256,505 | )
Total assets as of December 31, 2012 |  | $ | 26,519,480 |  |  | $ | 533,528 |  |  | $ | 32,257 |  |  | $ | — |  |  | $ | 27,085,265 |
Net investment income |  | $ | 365,912 |  |  | $ | 16,769 |  |  | $ | 221 |  |  | $ | — |  |  | $ | 382,902 |
Interest expense |  | $ | 105,973 |  |  | $ | 6,347 |  |  | $ | — |  |  | $ | — |  |  | $ | 112,320 |
Reorganization items(4) |  | $ | — |  |  | $ | — |  |  | $ | 7,215 |  |  | $ | — |  |  | $ | 7,215 |
(1) | Included in both revenues from unaffiliated customers and in pre-tax income (loss) from continuing operations from unaffiliated customers is net investment income.
(2) | Included in pre-tax income (loss) from continuing operations from unaffiliated customers is interest expense.
(3) | Included in pre-tax income from (loss) continuing operations from unaffiliated customers is amortization of intangible asset arising from financial guarantee contracts that were set to fair value upon adoption of Fresh Start. See “Note 8: Financial Guarantee Insurance Contracts,” for additional information.
(4) | Refer to Note 3: Fresh Start Financial Statement Reporting, for a further discussion of Reorganization items.
Summary of Gross Premiums Written, Net Premiums Earned and Net Change in Fair Value of Credit Derivatives | The following table summarizes gross premiums written, net premiums earned and the net change in fair value of credit derivatives included in the Financial Guarantee segment by location of risk for the affected periods:
|  | Successor Ambac–Period from May through December 31, 2013 |  |  |  |  | Predecessor Ambac–Period from January 1 through April 30, 2013 |  |  | Predecessor Ambac–Year Ended December 31, 2012 |
|  | Gross Premiums Written |  |  | Net Premiums Earned |  |  | Net Change In Fair Value Of Credit Derivatives |  |  |  |  | Gross Premiums Written |  |  | Net Premiums Earned |  |  | Net Change In Fair Value Of Credit Derivatives |  |  | Gross Premiums Written |  |  | Net Premiums Earned |  |  | Net Change in Fair Value of Credit Derivatives |
United States |  | $ | (61,255 | ) |  | $ | 165,099 |  |  | $ | 122,696 |  |  |  |  | $ | (16,102 | ) |  | $ | 104,594 |  |  | $ | (31,134 | ) |  | $ | (260,517 | ) |  | $ | 315,367 |  |  | $ | (8,496 | )
United Kingdom |  |  | (7,368 | ) |  |  | 35,387 |  |  |  | 22,548 |  |  |  |  |  | 10,673 |  |  |  | 18,071 |  |  |  | (5,861 | ) |  |  | 10,785 |  |  |  | 73,955 |  |  |  | (5,709 | )
Other international |  |  | (11,686 | ) |  |  | 13,032 |  |  |  | 47,625 |  |  |  |  |  | (8,696 | ) |  |  | 7,335 |  |  |  | (23,389 | ) |  |  | (27,776 | ) |  |  | 25,282 |  |  |  | 4,986 |
Total |  | $ | (80,309 | ) |  | $ | 213,518 |  |  | $ | 192,869 |  |  |  |  | $ | (14,125 | ) |  | $ | 130,000 |  |  | $ | (60,384 | ) |  | $ | (277,508 | ) |  | $ | 414,604 |  |  | $ | (9,219 | )

X
- Definition Schedule of Gross Premiums Written, Net Premiums Earned and Net Change in Fair Value of Credit Derivatives by Location of Risk. + References No definition available. + Details
Name: | ambc_DisclosureOfGrossPremiumsWrittenNetPremiumsEarnedCreditDerivativesTableTextBlock
Namespace Prefix: | ambc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration