XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Segment Reporting [Abstract] |
Summary of Financial Information by Reportable Segment | The following table is a summary of financial information by reportable business segment for the affected periods:
|  | Financial Guarantee |  | Financial Services |  | Corporate and Other |  | Inter-segment Eliminations |  | Consolidated
Three Months Ended September 30, 2016: |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Unaffiliated customers (1) |  | $ | 156,236 |  |  | $ | (14,286 | ) |  | $ | 1,888 |  |  | $ | — |  |  | $ | 143,838 |
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 1,190 |  |  | — |  |  | 1,190 |
Inter-segment |  | 375 |  |  | (308 | ) |  | 229 |  |  | (296 | ) |  | — |
Total revenues before expenses and reorganization items |  | 156,611 |  |  | (14,594 | ) |  | 3,307 |  |  | (296 | ) |  | 145,028 |
Pre-tax income: |  |  |  |  |  |  |  |  |  |
Unaffiliated customers (1)(2)(3) |  | 131,162 |  |  | (14,912 | ) |  | (720 | ) |  | — |  |  | 115,530 |
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 1,190 |  |  | — |  |  | 1,190 |
Inter-segment |  | (690 | ) |  | (435 | ) |  | 1,125 |  |  | — |  |  | — |
Pre-tax income |  | 130,472 |  |  | (15,347 | ) |  | 1,595 |  |  | — |  |  | 116,720 |
Total assets as of September 30, 2016 |  | 23,264,567 |  |  | 396,509 |  |  | 350,613 |  |  | 3,940 |  |  | 24,015,629 |
Net investment income |  | 87,350 |  |  | 195 |  |  | 3,372 |  |  | — |  |  | 90,917 |
Insurance intangible amortization |  | 44,553 |  |  | — |  |  | — |  |  | — |  |  | 44,553 |
Interest expense |  | 31,352 |  |  | 141 |  |  | — |  |  | — |  |  | 31,493 |
Three Months Ended September 30, 2015: |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Unaffiliated customers (1) |  | $ | 152,024 |  |  | $ | (66,997 | ) |  | $ | 1,538 |  |  | $ | — |  |  | $ | 86,565 |
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 1,125 |  |  | — |  |  | 1,125 |
Inter-segment |  | 24 |  |  | (204 | ) |  | 252 |  |  | (72 | ) |  | — |
Total revenues before expenses and reorganization items |  | 152,048 |  |  | (67,201 | ) |  | 2,915 |  |  | (72 | ) |  | 87,690 |
Pre-tax income (loss): |  |  |  |  |  |
Unaffiliated customers (1) (2) (3) |  | (320,414 | ) |  | (67,655 | ) |  | (1,249 | ) |  | — |  |  | (389,318 | )
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 1,125 |  |  | — |  |  | 1,125 |
Inter-segment |  | (763 | ) |  | 425 |  |  | 1,302 |  |  | (964 | ) |  | — |
Pre-tax income (loss) |  | (321,177 | ) |  | (67,230 | ) |  | 1,178 |  |  | (964 | ) |  | (388,193 | )
Total assets as of September 30, 2015 |  | 23,610,582 |  |  | 363,118 |  |  | 289,238 |  |  | 3,981 |  |  | 24,266,919 |
Net investment income |  | 61,292 |  |  | 139 |  |  | 2,764 |  |  | — |  |  | 64,195 |
Insurance intangible amortization |  | 39,680 |  |  | — |  |  | — |  |  | — |  |  | 39,680 |
Interest expense |  | 29,738 |  |  | 161 |  |  | — |  |  | — |  |  | 29,899 |
Goodwill impairment |  | 514,511 |  |  | — |  |  | — |  |  | — |  |  | 514,511 |
(1) | Included in both revenues from unaffiliated customers and in pre-tax income from unaffiliated customers is net investment income.
(2) | Included in pre-tax income from unaffiliated customers is interest expense.
(3) | Included in pre-tax income from unaffiliated customers is the amortization of insurance intangible asset and impairment of goodwill. Such assets were established upon the adoption of Fresh Start on April 30, 2013.
|  | Financial Guarantee |  | Financial Services |  | Corporate and Other |  | Inter-segment Eliminations |  | Consolidated
Nine Months Ended September 30, 2016: |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Unaffiliated customers (1) |  | $ | 393,557 |  |  | $ | (133,613 | ) |  | $ | 5,247 |  |  | $ | — |  |  | $ | 265,191 |
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 3,471 |  |  | — |  |  | 3,471 |
Inter-segment |  | 1,214 |  |  | (1,039 | ) |  | 615 |  |  | (790 | ) |  | — |
Total revenues before expenses and reorganization items |  | 394,771 |  |  | (134,652 | ) |  | 9,333 |  |  | (790 | ) |  | 268,662 |
Pre-tax income: |  |  |  |  |  |  |  |  |  |
Unaffiliated customers (1)(2)(3) |  | 328,906 |  |  | (135,529 | ) |  | (5,763 | ) |  | — |  |  | 187,614 |
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 3,471 |  |  | — |  |  | 3,471 |
Inter-segment |  | (1,896 | ) |  | (1,401 | ) |  | 3,297 |  |  | — |  |  | — |
Pre-tax income |  | 327,010 |  |  | (136,930 | ) |  | 1,005 |  |  | — |  |  | 191,085 |
Total assets as of September 30, 2016 |  | 23,264,567 |  |  | 396,509 |  |  | 350,613 |  |  | 3,940 |  |  | 24,015,629 |
Net investment income |  | 212,595 |  |  | 596 |  |  | 9,305 |  |  | — |  |  | 222,496 |
Insurance intangible amortization |  | 134,456 |  |  | — |  |  | — |  |  | — |  |  | 134,456 |
Interest expense |  | 92,193 |  |  | 439 |  |  | — |  |  | — |  |  | 92,632 |
Nine Months Ended September 30, 2015: |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |
Unaffiliated customers (1) |  | $ | 521,340 |  |  | $ | (53,566 | ) |  | $ | 2,951 |  |  | $ | — |  |  | $ | 470,725 |
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 3,208 |  |  | — |  |  | 3,208 |
Inter-segment |  | 286 |  |  | (565 | ) |  | 388 |  |  | (109 | ) |  | — |
Total revenues before expenses and reorganization items |  | 521,626 |  |  | (54,131 | ) |  | 6,547 |  |  | (109 | ) |  | 473,933 |
Pre-tax income: |  |  |  |  |  |
Unaffiliated customers (1) (2) (3) |  | 172,271 |  |  | (55,861 | ) |  | (5,136 | ) |  | — |  |  | 111,274 |
Equity in net income of investees accounted for by equity method |  | — |  |  | — |  |  | 3,208 |  |  | — |  |  | 3,208 |
Inter-segment |  | (2,087 | ) |  | (139 | ) |  | 3,027 |  |  | (801 | ) |  | — |
Pre-tax income |  | 170,184 |  |  | (56,000 | ) |  | 1,099 |  |  | (801 | ) |  | 114,482 |
Total assets as of September 30, 2015 |  | 23,610,582 |  |  | 363,118 |  |  | 289,238 |  |  | 3,981 |  |  | 24,266,919 |
Net investment income |  | 195,270 |  |  | 401 |  |  | 6,260 |  |  | — |  |  | 201,931 |
Insurance intangible amortization |  | 115,200 |  |  | — |  |  | — |  |  | — |  |  | 115,200 |
Interest expense |  | 85,165 |  |  | 815 |  |  | — |  |  | — |  |  | 85,980 |
Goodwill impairment |  | 514,511 |  |  | — |  |  | — |  |  | — |  |  | 514,511 |
(1) | Included in both revenues from unaffiliated customers and in pre-tax income from unaffiliated customers is net investment income.
(2) | Included in pre-tax income from unaffiliated customers is interest expense.
(3) | Included in pre-tax income from unaffiliated customers is the amortization of insurance intangible asset and impairment of goodwill. Such assets were established upon the adoption of Fresh Start on April 30, 2013.
Schedule 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:
|  | Three Months Ended September 30, 2016 |  | Three Months Ended September 30, 2015
|  | 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 |  | $ | (7,555 | ) |  | $ | 45,257 |  |  | $ | 520 |  |  | $ | (2,386 | ) |  | $ | 60,402 |  |  | $ | 30,604 |
United Kingdom |  | (598 | ) |  | 6,018 |  |  | — |  |  | 260 |  |  | 8,081 |  |  | — |
Other international |  | (2,390 | ) |  | 1,943 |  |  | 1,213 |  |  | (6,584 | ) |  | 3,052 |  |  | 6,348 |
Total |  | $ | (10,543 | ) |  | $ | 53,218 |  |  | $ | 1,733 |  |  | $ | (8,710 | ) |  | $ | 71,535 |  |  | $ | 36,952 |
|  | Nine Months Ended September 30, 2016 |  | Nine Months Ended September 30, 2015
|  | 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 |  | $ | (25,988 | ) |  | $ | 126,003 |  |  | $ | 1,613 |  |  | $ | (5,172 | ) |  | $ | 163,094 |  |  | $ | 39,286 |
United Kingdom |  | 14,157 |  |  | 19,111 |  |  | — |  |  | 7,295 |  |  | 23,659 |  |  | — |
Other international |  | (27,533 | ) |  | 2,306 |  |  | 16,941 |  |  | (20,963 | ) |  | 11,379 |  |  | 5,460 |
Total |  | $ | (39,364 | ) |  | $ | 147,420 |  |  | $ | 18,554 |  |  | $ | (18,840 | ) |  | $ | 198,132 |  |  | $ | 44,746 |

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 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 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=51669610&loc=d3e8813-108599 Reference 3: 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=51669610&loc=d3e8721-108599 Reference 4: 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=35741047&loc=d3e13816-109267 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=51669610&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration