Schedule I - Summary of Investments

12 Months Ended

Dec. 31, 2013

Summary Of Investments Other Than Investments In Related Parties [Abstract]

Schedule I - Summary of Investments

AMBAC FINANCIAL GROUP, INC. AND SUBSIDIARIES

SCHEDULE I - SUMMARY OF INVESTMENTS

Other Than Investments in Related Parties

Successor Ambac - December 31, 2013

(Dollar Amounts in Thousands)


Type of Investment	Amortized Cost		Estimated Fair Value		Amount at which shown in the balance sheet
U.S. government obligations	$	254,611	$	252,471	$	252,471
U.S. agency obligations		32,214		32,154		32,154
Municipal obligations		1,405,293		1,377,723		1,377,723
Residential mortgage-backed securities		1,516,877		1,558,625		1,558,625
Collateralized debt obligations		184,118		183,872		183,872
Other asset-backed securities		1,020,251		992,448		992,448
Corporate obligations		1,508,377		1,489,369		1,489,369
Foreign obligations		131,709		124,877		124,877
Short-term		271,118		271,119		271,119
Other		241,069		241,069		241,069

Total	$	6,565,637	$	6,523,727	$	6,523,727

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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