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Consolidated Statements of Total Comprehensive Income - Successor [Member] - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Net premiums earned $ 71,535 $ 64,831 $ 198,132 $ 212,391
Net investment income:        
Securities available-for-sale and short-term 65,619 82,881 191,229 228,570
Other investments (1,424) 700 10,702 5,905
Total net investment income 64,195 83,581 201,931 234,475
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities 31,743 4,715 43,495 19,737
Other-than-temporary impairment losses:        
Portion of other-than-temporary impairment recognized in other comprehensive income 22,593 (296) 30,206 (4,420)
Net other-than-temporary impairments (9,150) (5,011) (13,289) (24,157)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 2,106 10,045 50,854 29,401
Gain (Loss) on Sale of Derivatives 1,693 596 2,519 2,088
Change in fair value of credit derivatives:        
Unrealized gains (losses) 35,259 6,820 42,227 11,491
Net change in fair value of credit derivatives 36,952 7,416 44,746 13,579
Derivative products (65,083) (15,685) (51,858) (117,511)
Net realized gains (losses) on extinguishment of debt 1,420 0 81 0
Other income (expense) 7,150 1,046 5,206 8,206
Income (loss) on variable interest entities (21,435) 9,116 38,130 (34,574)
Total revenues 87,690 155,339 473,933 321,810
Expenses:        
Losses and loss expense (benefit) (133,213) (28,698) (431,642) 6,608
Insurance intangible amortization 39,680 41,908 115,200 109,878
Underwriting and operating expenses 25,006 25,513 75,402 75,332
Interest expense 29,899 31,841 85,980 96,122
Goodwill, Impairment Loss 514,511 0 514,511 0
Total expenses (benefit) 475,883 70,564 359,451 287,940
Pre-tax income (loss) before reorganization items (388,193) 84,775 114,482 33,870
Reorganization items 0 2 0 211
Pre-tax income (loss) (388,193) 84,773 114,482 33,659
Provision for income taxes 2,838 2,344 8,464 3,414
Net income (loss) (391,031) 82,429 106,018 30,245
Less: net (gain) loss attributable to noncontrolling interest (44) (21) (401) (242)
Net income (loss) attributable to common shareholders (390,987) 82,450 106,419 30,487
Other comprehensive income (loss), after tax:        
Net income (loss) (391,031) 82,429 106,018 30,245
Unrealized gains (losses) on securities, net of deferred income taxes of $0 8,382 (17,225) (122,905) 256,660
Gains (losses) on foreign currency translation, net of deferred income taxes of $0 (30,909) (38,429) (24,224) (17,001)
Changes to postretirement benefit, net of tax of $0 (220) (204) (467) (612)
Total other comprehensive income (loss), net of tax (22,747) (55,858) (147,596) 239,047
Total comprehensive income (loss) (413,778) 26,571 (41,578) 269,292
Less: comprehensive (loss) gain attributable to the noncontrolling interest:        
Net (gain) loss (44) (21) (401) (242)
Currency translation adjustments (272) (395) (200) (157)
Total comprehensive income (loss) attributable to Ambac Financial Group, Inc. $ (413,462) $ 26,987 $ (40,977) $ 269,691
Net income (loss) per share attributable to Ambac Financial Group, Inc. common shareholders $ (8.66) $ 1.83 $ 2.36 $ 0.68
Basic $ (8.66) $ 1.77 $ 2.30 $ 0.65