XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Total Comprehensive Income - Successor [Member] - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Net premiums earned $ 47,613 $ 52,800
Net investment income:    
Securities available-for-sale and short-term 73,150 57,982
Other investments 8,409 2,839
Total net investment income 81,559 60,821
Other-than-temporary impairment losses:    
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities (21,154) (48,070)
Portion of other-than-temporary impairment recognized in other comprehensive income 17,212 38,736
Net other-than-temporary impairments (3,942) (9,334)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments (4,896) 1,102
Change in fair value of credit derivatives:    
Gain (Loss) on Sale of Derivatives 199 252
Unrealized gains (losses) 853 12,614
Net change in fair value of credit derivatives 1,052 12,866
Net gains (losses) on interest rate derivatives (1,514) (83,424)
Net realized gains (losses) on extinguishment of debt 2,741 1,235
Other Operating Income (Expense), Net (86) 7,999
Income (loss) on variable interest entities 3,701 (27,163)
Total revenues 126,228 16,902
Expenses:    
Losses and loss expenses (benefit) 135,011 (105,281)
Insurance intangible amortization 37,525 50,890
Operating expenses 27,980 28,009
Interest expense 31,572 30,430
Total expenses 232,088 4,048
Pre-tax income (loss) (105,860) 12,854
Provision for income taxes 19,581 3,439
Net income (loss) (125,441) 9,415
Less: net gain (loss) attributable to noncontrolling interest 0 0
Net income (loss) attributable to common shareholders (125,441) 9,415
Other comprehensive income (loss), after tax:    
Net income (loss) (125,441) 9,415
Unrealized gains (losses) on securities, net of deferred income taxes of $0 21,335 59,791
Gains (losses) on foreign currency translation, net of deferred income taxes of $0 12,593 (17,781)
Changes to postretirement benefit, net of tax of $0 2,287 787
Total other comprehensive income (loss), net of tax 36,215 42,797
Total comprehensive income (loss) (89,226) 52,212
Less: comprehensive (gain) loss attributable to the noncontrolling interest:    
Net gain (loss) 0 0
Total comprehensive income (loss) attributable to Ambac Financial Group, Inc. $ (89,226) $ 52,212
Earnings Per Share, Basic $ (2.77) $ 0.21
Earnings Per Share, Diluted $ (2.77) $ 0.21