Ambac Financial Group Quarterly Income Statements Chart
Quarterly
|
Annual
Ambac Financial Group Quarterly Income Statements Table
Quarterly
|
Annual
Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-05-01 | 2015-03-31 | 2014-07-01 | 2014-05-01 | 2014-04-01 | 2014-03-31 | 2013-09-30 | 2013-05-01 | 2013-05-01 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-09-30 | 2002-06-30 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions | 30,322,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
servicing and other fees | 4,472,000 | 4,964,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net premiums earned | 16,203,000 | 15,678,000 | 5,000 | 33,000,000 | 33,000,000 | 33,000,000 | 31,000,000 | 18,000,000 | 15,000,000 | 14,000,000 | 17,000,000 | 11,000,000 | 14,000,000 | 15,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 14,000,000 | 18,000,000 | 15,000,000 | 11,000,000 | 10,000,000 | 10,466,000 | 7,833,000 | 27,758,000 | 85,253,000 | 25,836,000 | 30,883,000 | 52,989,000 | 43,152,000 | 47,613,000 | 49,867,000 | 53,218,000 | 41,402,000 | 52,800,000 | 71,535,000 | 60,879,000 | 246,877,000 | 65,718,000 | 64,831,000 | 65,013,000 | 82,547,000 | 70,949,000 | 58,039,000 | 58,039,000 | 100,256,000 | 103,538,000 | 113,074,000 | 103,042,000 | 94,950,000 | 112,845,000 | 102,055,000 | 99,271,000 | 91,799,000 | 110,654,000 | 143,085,000 | 167,005,000 | 125,231,000 | 184,415,000 | 238,401,000 | 177,732,000 | 196,812,000 | 228,094,000 | 282,326,000 | 325,471,000 | 186,866,000 | 209,641,000 | 194,795,000 | 221,019,000 | 216,006,000 | 208,156,000 | 198,499,000 | 210,788,000 | 194,180,000 | 205,046,000 | 218,098,000 | 193,242,000 | 199,634,000 | 183,499,000 | 189,593,000 | 165,435,000 | 159,626,000 | 151,992,000 | 134,752,000 | 122,396,000 | 113,630,000 | |
program fees | 3,497,000 | 3,652,000 | 3,506,000 | 4,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment income | 2,609,000 | 5,341,250 | 9,039,000 | 7,600,000 | 4,726,000 | 7,575,000 | 8,425,000 | 8,861,000 | 9,268,000 | 12,404,000 | 18,454,000 | 19,004,000 | 20,884,000 | 50,427,000 | 63,810,000 | 56,722,000 | 84,926,000 | 110,868,000 | 120,603,000 | 107,903,000 | 105,970,000 | 104,558,000 | 107,191,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -2,146,000 | 1,884,000 | 2,015,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues and other income | 54,957,000 | 62,756,000 | 80,250,000 | 114,000,000 | 105,000,000 | 103,000,000 | 48,500,000 | 74,000,000 | 62,000,000 | 58,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss adjustment expenses | 10,978,000 | 10,496,000 | 18,626,000 | 38,000,000 | 18,000,000 | -1,000,000 | 18,000,000 | -76,000,000 | 7,000,000 | 18,000,000 | 15,900,000 | 10,900,000 | 9,800,000 | 6,100,000 | 5,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
policy acquisition costs | 3,699,000 | 3,841,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 40,540,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible amortization and depreciation | 9,741,000 | 9,176,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 5,570,000 | 12,644,000 | 29,878,000 | 29,597,000 | 30,159,000 | 30,025,000 | 29,918,000 | 29,837,000 | 29,846,000 | 29,804,000 | 29,970,000 | 30,075,000 | 24,377,000 | 22,128,000 | 22,232,000 | 22,091,000 | 19,289,000 | 16,870,000 | 19,474,000 | 19,475,000 | 19,475,000 | 15,243,000 | 13,627,000 | 13,513,000 | 13,513,000 | 13,722,000 | 13,461,000 | 13,625,000 | 13,750,000 | 14,537,000 | 12,454,000 | 10,774,000 | 10,816,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses | 77,931,000 | 77,863,000 | 80,000,000 | 141,000,000 | 103,000,000 | 77,000,000 | 41,500,000 | 6,000,000 | 73,000,000 | 86,000,000 | -16,500,000 | -262,000,000 | 80,000,000 | 116,000,000 | 73,000,000 | 32,000,000 | 66,000,000 | 110,000,000 | 101,000,000 | 170,000,000 | 108,000,000 | 217,000,000 | 147,107,000 | 189,233,000 | 141,578,000 | 93,798,000 | 144,330,000 | -134,252,000 | 318,432,000 | 158,856,000 | 232,088,000 | 19,394,250 | 28,308,000 | 45,221,000 | 4,048,000 | 475,883,000 | -55,343,000 | -15,272,250 | -61,089,000 | 995,374,000 | 228,688,500 | 285,072,000 | 438,866,000 | 190,816,000 | 480,433,000 | 535,552,000 | 1,320,490,000 | 849,821,000 | 1,060,911,000 | 751,476,000 | -175,563,000 | 1,228,145,000 | 384,960,000 | 193,911,000 | 180,530,000 | 172,589,000 | 132,470,000 | 163,158,000 | 173,962,000 | 152,301,000 | 146,844,000 | 211,282,000 | 141,969,000 | 138,848,000 | 106,081,000 | 107,568,000 | 106,259,000 | 108,053,000 | 105,071,000 | 112,283,000 | 42,605,000 | 43,033,000 | |||||||||||||||
pretax income from continuing operations | -22,974,000 | -15,107,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit for income taxes from continuing operations | -2,172,000 | -617,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations | -20,802,000 | -14,490,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations, net of tax | -52,151,000 | -30,247,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -72,953,000 | -44,737,000 | -547,088,000 | -29,000,000 | -1,000,000 | 21,000,000 | -16,000,000 | 66,000,000 | -13,000,000 | -33,000,000 | 174,000,000 | 340,000,000 | 5,000,000 | 2,000,000 | -22,000,000 | 17,000,000 | -28,000,000 | 17,000,000 | -14,000,000 | -108,000,000 | -35,000,000 | -280,000,000 | 66,116,000 | -128,429,000 | -43,201,000 | 305,704,000 | -190,905,000 | 7,110,000 | -125,441,000 | -94,891,000 | 101,438,000 | 58,355,000 | 9,415,000 | -391,031,000 | 282,178,000 | 277,823,000 | 214,871,000 | 82,429,000 | -208,233,000 | 156,049,000 | 231,007,000 | 205,282,000 | 205,282,000 | 282,252,000 | -256,953,000 | -171,000 | -813,350,000 | 253,322,000 | -963,198,000 | -75,509,000 | -102,418,000 | -819,246,000 | -81,519,000 | 76,019,000 | -57,574,000 | -690,062,000 | 558,124,000 | 2,188,243,000 | -2,368,783,000 | -392,200,000 | -2,340,817,000 | -2,431,222,000 | 823,134,000 | -1,660,343,000 | -3,273,924,000 | -360,613,000 | 173,037,000 | 213,343,000 | 202,678,000 | 213,523,000 | 238,570,000 | 221,140,000 | 204,252,000 | 175,117,000 | 186,098,000 | 185,543,000 | 183,459,000 | 180,710,000 | 171,611,000 | 159,669,000 | 162,571,000 | 137,923,000 | 131,691,000 | 119,761,000 | |||
yoy | 7195.30% | -313.03% | 3319.30% | -143.94% | -92.31% | -163.64% | -109.20% | -80.59% | -360.00% | -1750.00% | -890.91% | 1900.00% | -117.86% | -88.24% | 57.14% | -115.74% | -20.00% | -106.07% | -121.17% | -15.91% | -18.98% | -142.01% | -77.37% | -422.16% | -288.20% | -87.82% | -1432.35% | -75.73% | -64.05% | -79.00% | -95.62% | -574.39% | -233.42% | 37.69% | -64.32% | -201.44% | -44.71% | -189.90% | -125.24% | -125.24% | 11.42% | -73.32% | -99.77% | 694.15% | -130.92% | 1081.56% | -199.33% | 77.89% | 18.72% | -114.61% | -96.53% | -97.57% | 75.95% | -123.84% | -190.01% | -387.78% | -76.38% | -28.50% | 574.19% | 375.70% | -878.25% | -1715.33% | -268.89% | -27.47% | -3.53% | -0.77% | 21.93% | 28.20% | 19.19% | 11.33% | -3.10% | 8.44% | 16.20% | 12.85% | 31.02% | 30.31% | 33.32% | ||||||||||
qoq | 63.07% | -91.82% | 1786.51% | 2800.00% | -104.76% | -231.25% | -124.24% | -607.69% | -60.61% | -118.97% | -48.82% | 6700.00% | 150.00% | -109.09% | -229.41% | -160.71% | -264.71% | -221.43% | -87.04% | 208.57% | -87.50% | -523.50% | -151.48% | 197.28% | -260.13% | -2785.02% | -105.67% | 32.19% | -193.55% | 73.83% | 519.81% | -102.41% | -238.58% | 1.57% | 29.30% | 160.67% | -233.44% | -32.45% | 12.53% | -27.27% | -27.27% | -209.85% | 150164.91% | -99.98% | -421.07% | -126.30% | 1175.61% | -26.27% | -87.50% | 904.98% | -207.24% | -232.04% | -91.66% | -223.64% | -74.49% | -192.38% | 503.97% | -83.25% | -3.72% | -395.36% | -149.58% | -49.29% | 807.88% | -308.40% | -18.89% | 5.26% | -5.08% | -10.50% | 7.88% | 8.27% | 16.64% | -5.90% | 0.30% | 1.14% | 1.52% | 5.30% | 7.48% | -1.79% | 17.87% | 4.73% | 9.96% | ||||||
net income margin % | 969.60% | 1092.11% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss attributable to noncontrolling interest | 254,000 | -120147.95% | -120147.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to shareholders | -72,699,000 | 0.00% | 0.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | -20,548,000 | -16,144,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | -52,151,000 | -30,247,000 | 0 | 0 | 0 | -0.01 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | -72,699,000 | -46,391,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations per share attributable to shareholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | -0.45 | -0.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | -0.45 | -0.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations per share attributable to shareholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 1.83 | -4.61 | 3.46 | 5.13 | 0.93 | -2.68 | 0.84 | -3.18 | -0.25 | -0.34 | -2.71 | -0.27 | 0.25 | -0.2 | -2.39 | 1.94 | 7.58 | -8.24 | -1.36 | -8.65 | -8.45 | 2.86 | -11.69 | -31.81 | -3.53 | 1.69 | 2.04 | 1.58 | 2 | 2.24 | 2.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | -1.54 | -1.22 | -0.058 | -0.63 | -0.02 | 0.44 | 0.105 | 1.44 | -0.29 | -0.73 | 1.89 | 7.5 | 0.11 | 0.04 | -0.42 | 0.35 | -0.63 | 0.08 | -0.31 | -2.33 | -0.77 | -6.07 | 1.44 | -2.79 | -0.94 | 3.98 | 0.09 | 6.72 | -4.2 | 0.16 | -2.77 | -2.09 | 2.24 | 1.3 | 0.21 | -8.66 | 6.26 | 6.17 | 4.75 | 1.5 | 1.53 | 1.3 | 1.24 | 1.13 | |||||||||||||||||||||||||||||||||||||||||||
diluted | -1.54 | -1.22 | -0.058 | -0.63 | -0.02 | 0.43 | 0.103 | 1.41 | -0.29 | -0.73 | 1.87 | 7.41 | 0.11 | 0.04 | -0.42 | 0.35 | -0.63 | 0.08 | -0.31 | -2.33 | -0.77 | -6.07 | 1.41 | -2.79 | -0.94 | 3.9 | 0.09 | 6.7 | -4.2 | 0.16 | -2.77 | -2.1 | 2.22 | 1.29 | 0.21 | -8.66 | 6.05 | 6.15 | 4.57 | 1.45 | 1.48 | 1.27 | 1.21 | 1.09 | |||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding: | 4.57 | 4.57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 48,116,503 | 47,313,012 | 47,688,986 | 46,209,250 | 45,827,076 | 45,635,373 | 45,757,234 | 45,564,276 | 45,307,019 | 45,519,093 | 46,731,459 | 46,535,001 | 46,615,552 | 46,576,673 | 46,314,049 | 46,147,062 | 46,178,730 | 46,166,666 | 46,060,324 | 45,997,694 | 45,986,043 | 45,832,297 | 302,469,516 | 302,468,867 | 302,469,966 | 302,469,196 | 302,466,328 | 302,439,299 | 302,467,255 | 302,467,255 | 302,355,243 | 294,423,698 | 302,177,506 | 290,050,931 | 288,244,846 | 287,671,222 | 288,770,269 | 287,639,234 | 287,565,182 | 251,391,680 | 287,599,495 | 287,633,868 | 142,032,462 | 102,929,122 | 102,297,811 | 102,557,554 | 104,643,529 | 106,593,409 | 106,725,567 | 106,485,245 | 106,438,758 | 108,280,281 | 107,392,176 | 109,098,498 | 110,191,422 | 109,771,249 | 108,412,326 | 107,769,564 | 106,779,009 | 106,428,045 | 106,050,379 | 105,865,884 | 106,124,220 | ||||||||||||||||||||||||
diluted | 48,116,503 | 47,313,012 | 47,688,986 | 46,209,250 | 46,348,776 | 46,810,735 | 45,757,234 | 45,564,276 | 45,846,405 | 45,685,349 | 47,359,731 | 46,535,001 | 47,044,132 | 46,576,673 | 46,858,064 | 46,147,062 | 46,178,730 | 46,166,666 | 46,060,324 | 47,020,058 | 45,986,043 | 45,832,297 | 302,579,254 | 302,468,867 | 302,582,276 | 302,469,196 | 302,580,597 | 302,439,299 | 302,467,255 | 302,467,255 | 302,355,243 | 294,423,698 | 302,177,506 | 290,050,931 | 288,244,846 | 287,671,222 | 288,770,269 | 287,639,234 | 287,565,182 | 251,391,680 | 287,599,495 | 294,857,435 | 142,032,462 | 102,929,122 | 102,297,811 | 103,442,086 | 105,600,555 | 107,536,339 | 107,737,122 | 107,450,639 | 107,430,787 | 109,394,985 | 108,484,035 | 110,327,148 | 111,772,811 | 111,107,367 | 110,924,314 | 110,397,003 | 109,944,141 | 109,417,451 | 108,737,211 | 108,959,876 | 109,515,722 | ||||||||||||||||||||||||
commission income | 36,771,000 | 38,023,000 | 23,000,000 | 13,000,000 | 18,000,000 | 12,000,000 | 15,000,000 | 10,000,000 | 14,000,000 | 9,000,000 | 7,000,000 | 6,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment income | 2,815,000 | -101,552,000 | 38,000,000 | 36,000,000 | 42,000,000 | 40,000,000 | 30,000,000 | 35,000,000 | 34,000,000 | 23,000,000 | 11,000,000 | -21,000,000 | 5,000,000 | 27,000,000 | 21,000,000 | 42,000,000 | 49,000,000 | 53,000,000 | 37,000,000 | 52,000,000 | -21,000,000 | 44,537,000 | 86,459,000 | 92,871,000 | 84,078,000 | 93,836,000 | 112,117,000 | 113,573,000 | 81,588,000 | 87,964,000 | 71,665,000 | 67,604,000 | 69,840,000 | 69,028,000 | 117,570,000 | 135,380,000 | 134,977,000 | 122,909,000 | 100,271,000 | 112,918,000 | 126,757,000 | 130,740,000 | 123,645,000 | 123,969,000 | 115,825,000 | 113,190,000 | 112,064,000 | 72,700,000 | 120,247,000 | 116,983,000 | 113,955,000 | 109,010,000 | 110,646,000 | 104,450,000 | 102,008,000 | 89,593,000 | 88,081,000 | 86,704,000 | 80,890,000 | 79,892,000 | 76,595,000 | 75,895,000 | 73,593,000 | ||||||||||||||||||||||||
other revenue | -1,124,000 | 7,698,000 | 7,420,000 | 19,995,000 | -6,179,000 | 8,517,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commission expense | 10,365,000 | 13,876,000 | 9,000,000 | 8,000,000 | 10,000,000 | 7,000,000 | 8,000,000 | 6,000,000 | 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 38,531,000 | -9,834,000 | 55,000,000 | 47,000,000 | 36,000,000 | 34,000,000 | 49,000,000 | 36,000,000 | 36,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 5,454,000 | -41,621,000 | 20,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 30,000,000 | 49,000,000 | 45,000,000 | 44,000,000 | 43,000,000 | 44,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 58,000,000 | 63,000,000 | 66,925,000 | 67,381,000 | 67,978,000 | 179,810,000 | 62,446,000 | 48,073,000 | 29,145,000 | 28,234,000 | 31,572,000 | 31,712,000 | 31,493,000 | 30,709,000 | 30,430,000 | 29,899,000 | 28,173,000 | 88,629,000 | 27,908,000 | 31,841,000 | 31,953,000 | 32,328,000 | 31,817,000 | 23,165,000 | 23,358,000 | 23,268,000 | 31,855,000 | 33,839,000 | 39,246,000 | 31,131,000 | 29,646,000 | 28,069,000 | 8,594,500 | 27,492,000 | 6,886,000 | |||||||||||||||||||||||||||||||||
less: net (gain) loss attributable to noncontrolling interest | -1,654,000 | 250,000 | 2,000,000 | -250,000 | -1,000,000 | -250,000 | -82,000 | -36,000 | -292,000 | -44,000 | -517,000 | -869,000 | 160,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to ambac shareholders | -46,391,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, after tax | 21,144,000 | 21,144,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities, net of income tax benefit of 645 and 611 | 18,606,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on foreign currency translation, net of income tax benefit of 0 and 0 | 36,220,000 | -8,000,000 | 16,000,000 | -46,000,000 | 14,571,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of 147 and | 442,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes to postretirement benefit, net of income tax benefit of 0 and 0 | -2,000,000 | 367,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other comprehensive income, net of income tax | 55,268,000 | 19,750,000 | 94,000,000 | -15,000,000 | -2,250,000 | -53,000,000 | 8,000,000 | 36,000,000 | -93,000,000 | -118,000,000 | -126,000,000 | -127,000,000 | -6,000,000 | -23,000,000 | 27,000,000 | -18,000,000 | 57,000,000 | 71,000,000 | 100,000,000 | -191,000,000 | 7,319,000 | -3,454,000 | 71,257,000 | 60,046,000 | -53,622,000 | 154,615,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income, net of income tax | 10,531,000 | 17,500,000 | 65,000,000 | 5,000,000 | 2,750,000 | 14,000,000 | -5,000,000 | 3,000,000 | -6,000,000 | 222,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: (gain) loss on foreign currency translation attributable to noncontrolling interest | -4,252,000 | -1,250,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income attributable to shareholders | 4,625,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from continuing operations per share attributable to ambac shareholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | -0.45 | -0.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | -0.45 | -0.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations per share attributable to ambac shareholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment gains, including impairments | -3,497,000 | -1,000,000 | 4,000,000 | 1,000,000 | -15,000,000 | 1,000,000 | -3,000,000 | -4,000,000 | 14,000,000 | 7,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on derivative contracts | -2,984,000 | 5,000,000 | 2,000,000 | 250,000 | 4,000,000 | -4,000,000 | 5,000,000 | 37,000,000 | 29,000,000 | 57,000,000 | 3,000,000 | 5,000,000 | -11,000,000 | 25,000,000 | 11,000,000 | 7,000,000 | 2,000,000 | -70,000,000 | -9,890,000 | -35,412,000 | -16,159,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | -14,686,000 | 10,000,000 | 16,000,000 | 3,000,000 | 4,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 5,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 5,000,000 | 1,000,000 | 2,000,000 | 141,376,000 | -8,908,000 | 802,000 | 2,431,000 | 2,491,000 | -509,000 | 46,000 | 467,000 | -86,000 | -166,000 | 2,693,000 | 6,919,000 | 7,999,000 | 7,150,000 | -1,156,000 | 7,938,000 | -788,000 | 1,046,000 | 5,266,000 | 1,894,000 | 428 | 9,498,000 | 5,536,000 | -368,000 | 36,137,000 | 64,793,000 | -7,032,000 | -4,963,000 | 9,227,000 | 28,303,000 | 5,319,000 | 186,859,000 | -30,243,000 | -55,903,000 | 67,422,000 | 309,922,000 | 39,221,000 | 1,723,000 | 726,000 | -2,713,000 | 2,053,000 | 8,457,000 | 3,519,000 | -1,291,000 | 5,649,000 | 2,856,000 | 4,520,000 | 2,655,000 | 2,930,000 | 29,454,000 | 6,161,000 | 2,859,000 | 906,000 | 2,385,000 | 799,000 | 1,355,000 | -12,219,000 | 949,000 | 1,931,000 | 825,000 | 472,000 | 800,000 | |||||||
income on variable interest entities | 1,250,000 | 3,000,000 | 3,000,000 | 1,000,000 | -1,000,000 | 7,000,000 | -1,000,000 | -6,000,000 | 22,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 11,244,000 | 3,294,000 | 15,921,000 | 2,859,000 | 577,000 | 574,000 | -4,049,000 | -1,219,000 | 3,701,000 | 2,026,000 | 2,057,000 | 8,987,000 | -27,163,000 | -21,435,000 | 52,603,000 | 24,607,000 | 6,962,000 | 9,116,000 | -38,148,000 | -5,542,000 | 55,109,000 | 38,326,000 | 884,000 | 6,137,000 | 5,536,000 | 15,220,000 | 12,809,000 | 55,008,000 | 2,353,000 | -126,218,250 | 26,377,000 | -38,546,000 | -492,704,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of deferred acquisition costs | 4,000,000 | 6,000,000 | 5,000,000 | 4,000,000 | 6,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible amortization | -15,398,000 | 13,000,000 | 8,000,000 | 12,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 13,000,000 | 6,000,000 | 13,000,000 | 14,000,000 | 11,000,000 | 11,000,000 | 14,000,000 | 19,000,000 | 2,179,000 | 2,179,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pretax income | 250,000 | -27,000,000 | 2,000,000 | 26,000,000 | 7,000,000 | 68,000,000 | -11,000,000 | -29,000,000 | 88,000,000 | 342,000,000 | 4,598,000 | 4,598,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 2,500,000 | 3,000,000 | 2,000,000 | 5,000,000 | 1,750,000 | 1,000,000 | 2,000,000 | 4,000,000 | 1,000,000 | 2,000,000 | 2,939,000 | 28,322,000 | 1,991,000 | 3,139,000 | 1,995,000 | 2,605,000 | 5,439,000 | 6,882,000 | 19,581,000 | 8,832,000 | 15,282,000 | 3,156,000 | 3,439,000 | 2,838,000 | 15,655,000 | 1,709,000 | 2,344,000 | 3,249,000 | 594,000 | 657,000 | 2,093,000 | 667,000 | 300,000 | -481,000 | 75,011,000 | 2,350,000 | 107,000 | -1,130,441,000 | 157,000 | -134,282,000 | 59,013,000 | 75,897,000 | 81,782,000 | 83,626,000 | 88,393,000 | 80,501,000 | 78,652,000 | 51,861,000 | 74,812,000 | 66,429,000 | 61,632,000 | 63,562,000 | 59,366,000 | 56,712,000 | 57,343,000 | 43,526,000 | 46,105,000 | 39,181,000 | |||||||||||||||||||||||||||||
net income attributable to common stockholders | -2,000,000 | -28,000,000 | -1,000,000 | 20,000,000 | -15,000,000 | 66,000,000 | -13,000,000 | -33,000,000 | 175,000,000 | 340,000,000 | 5,000,000 | 2,000,000 | -22,000,000 | 17,000,000 | -29,000,000 | 17,000,000 | -14,000,000 | -108,000,000 | -35,000,000 | -280,000,000 | 66,116,000 | -128,429,000 | -43,201,000 | 181,400,000 | 4,313,000 | 305,704,000 | 42,384,000 | 101,474,000 | 58,647,000 | 9,415,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains | 8,500,000 | 37,000,000 | 4,000,000 | -4,750,000 | -23,000,000 | -13,000,000 | 17,000,000 | -59,000,000 | -59,000,000 | -72,000,000 | -105,000,000 | 250,000 | 42,000,000 | 31,285,000 | 15,238,000 | 56,163,000 | -77,000 | -308,000 | -452,000 | 45,000 | 5,490,000 | 853,000 | 1,351,000 | 1,507,000 | 3,722,000 | 12,614,000 | 35,259,000 | 9,886,000 | 41,834,000 | -2,918,000 | 6,820,000 | -1,936,000 | 6,607,000 | 29,614,000 | 10,278,000 | -26,464,000 | 24,496,000 | -10,488,000 | 24,518,000 | 676,000 | 20,063,000 | 10,844,000 | 4,550,000 | 2,979,476,000 | -177,063,000 | 781,659,000 | 2,865,761,000 | 6,016,000 | 1,539,227,000 | 961,580,000 | |||||||||||||||||||||||||||||||||||||
gains on foreign currency translation, net of income tax benefit of 0, 0, 0 and 0 | 12,750,000 | 57,000,000 | 1,000,000 | 2,000,000 | -29,000,000 | 21,000,000 | -2,000,000 | -23,570,000 | -18,533,000 | -13,247,250 | -52,989,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of 0, 0, 0 and 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes to postretirement benefit, net of income tax benefit of 0, 0, 0 and 0 | -1,250,000 | -5,000,000 | 500,000 | -322,000 | -322,000 | -75,500 | -302,000 | 45,146,000 | 45,146,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income attributable to common stockholders | 16,500,000 | 62,000,000 | 5,000,000 | 2,500,000 | 13,000,000 | -6,000,000 | 3,000,000 | -6,250,000 | 222,000,000 | -121,000,000 | -125,000,000 | -28,000,000 | -6,000,000 | -2,000,000 | -2,000,000 | 42,000,000 | -37,000,000 | 65,000,000 | -470,000,000 | 73,435,000 | -131,883,000 | 28,056,000 | 241,446,000 | -49,309,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net (gain) attributable to noncontrolling interest | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: comprehensive (gain) loss attributable to the noncontrolling interest | -1,000,000 | -250,000 | -1,000,000 | -250,000 | -250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities, net of income tax benefit of 0 and 1 | -7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of 0 and 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized gains on extinguishment of debt | 24,000,000 | 57,000,000 | 33,000,000 | 3,115,000 | 6,000 | 3,115,000 | 2,179,000 | 2,741,000 | 24,000 | 3,586,000 | 1,235,000 | 1,420,000 | 165,000 | -177,745,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes to postretirement benefit, net of income tax benefit of 0 and, 0 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 71,500,000 | 80,000,000 | 86,000,000 | 119,000,000 | 53,000,000 | 51,000,000 | 49,000,000 | 129,000,000 | 88,000,000 | 62,000,000 | 75,000,000 | -70,000,000 | 216,162,000 | 89,126,000 | 100,368,000 | 360,023,000 | 150,638,000 | 174,057,000 | 132,966,000 | 172,848,000 | 126,228,000 | 67,165,500 | 145,028,000 | 106,732,000 | 16,902,000 | 87,690,000 | 230,752,000 | 38,872,750 | 155,491,000 | 94,298,750 | 25,717,000 | 148,195,000 | 203,283,000 | 60,796,750 | 361,156,000 | 381,170,000 | -499,139,000 | 566,601,000 | 2,689,511,000 | -474,432,000 | 1,129,521,000 | -202,236,000 | -2,320,433,000 | 1,331,822,000 | -1,562,639,000 | -4,788,351,000 | -300,984,000 | 412,580,000 | 461,829,000 | 416,930,000 | 460,307,000 | 500,925,000 | 453,942,000 | 429,748,000 | 438,260,000 | 402,879,000 | 390,820,000 | 352,131,000 | 352,026,000 | 337,380,000 | 324,434,000 | 324,985,000 | 293,732,000 | 220,401,000 | 201,975,000 | ||||||||||||||||||||||
losses and loss expenses | -85,250,000 | -353,000,000 | -12,000,000 | 24,000,000 | -15,000,000 | -55,000,000 | -26,000,000 | 8,000,000 | 9,000,000 | 83,000,000 | 16,000,000 | 117,000,000 | 37,139,000 | -133,480,000 | 12,407,000 | -256,192,000 | 32,579,000 | -247,395,000 | 209,806,000 | 66,100,000 | 135,011,000 | -28,698,000 | 175,317,000 | -140,011,000 | -154,290,000 | -51,135,000 | -36,716,000 | -18,745,000 | 741,411,000 | -2,320,000 | 803,648,000 | -60,238,000 | 196,398,000 | 919,647,000 | 141,488,000 | 165,396,000 | 323,326,000 | 89,152,000 | 385,423,000 | 459,213,000 | 1,230,847,000 | 739,830,000 | 916,414,000 | 607,702,000 | -339,294,000 | 17,500,000 | |||||||||||||||||||||||||||||||||||||||||
operating expenses | 26,000,000 | 37,000,000 | 34,000,000 | 34,000,000 | 32,000,000 | 32,000,000 | 28,000,000 | 33,000,000 | 25,000,000 | 23,000,000 | 21,000,000 | 24,000,000 | 25,622,000 | 29,090,000 | 24,915,000 | 86,141,000 | 26,063,000 | 36,434,000 | 33,791,000 | 31,051,000 | 27,980,000 | 36,190,000 | 21,466,000 | 27,995,000 | 28,009,000 | 3,389,000 | 2,392,250 | 3,164,000 | 3,117,000 | 3,288,000 | 2,498,500 | 3,119,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on foreign currency translation, net of income tax benefit of —, —, — and — | -34,000,000 | -58,000,000 | -55,000,000 | -2,750,000 | -19,000,000 | 1,000,000 | -5,000,000 | 29,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of —, —, — and — | -1,000,000 | 1,000,000 | -250,000 | 500,000 | -26,117,000 | -26,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes to postretirement benefit, net of income tax benefit of —, —, — and — | -250,000 | -250,000 | -750,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-tax income | 6,000,000 | 3,000,000 | -19,000,000 | 19,000,000 | -18,000,000 | 19,000,000 | -13,000,000 | -108,000,000 | -33,000,000 | -287,000,000 | 69,055,000 | -100,107,000 | -41,210,000 | 266,225,000 | 6,308,000 | 308,309,000 | -185,466,000 | 13,992,000 | -105,860,000 | -86,059,000 | 116,720,000 | 61,511,000 | 12,854,000 | -388,193,000 | 286,095,000 | 293,478,000 | 216,580,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit for income taxes | 1,000,000 | 3,000,000 | 2,000,000 | 11,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | -7,000,000 | 3,917,000 | -2,179,000 | -211,000 | 542,000 | 85,000 | 65,000 | -122,000 | -471,956,000 | -34,284,000 | 573,861,000 | 671,900,000 | 1,077,670,000 | -640,687,000 | 684,251,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, after tax: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income | -121,000,000 | -125,000,000 | -29,000,000 | -6,000,000 | -2,000,000 | -1,000,000 | -167,053,000 | 48,713,000 | -195,798,000 | 112,580,000 | 51,118,000 | 52,212,000 | -413,778,000 | 208,609,000 | 123,661,000 | 163,591,000 | 26,571,000 | -6,130,000 | 248,851,000 | 324,682,000 | 376,897,000 | -84,495,000 | 267,866,000 | -841,737,000 | 235,891,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on foreign currency translation, net of income tax benefit of — and — | -23,000,000 | 6,000,000 | 513,000 | 513,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of — and — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes to postretirement benefit, net of income tax benefit of — and — | 101,637,000 | 101,637,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized investment gains | 1,000,000 | 3,000,000 | -2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 10,000,000 | 8,000,000 | 18,471,000 | 35,860,000 | 17,233,000 | 64,476,000 | 47,148,000 | 4,862,000 | 6,150,000 | 4,180,000 | -4,896,000 | 11,536,000 | 11,749,000 | 14,897,000 | 1,102,000 | 2,106,000 | -5,353,000 | -625,000 | 54,101,000 | 10,045,000 | 3,067,000 | 16,289,000 | -10,310,000 | 46,060,000 | 1,480,000 | 3,162,000 | 67,067,000 | 392,000 | 18,194,000 | 4,722,000 | -2,435,000 | -15,000 | 932,000 | 2,053,000 | 18,281,000 | 55,139,000 | 24,756,000 | 92,279,000 | 12,789,000 | -742,905,000 | -61,456,000 | 49,378,000 | -1,127,000 | 22,212,000 | 4,645,000 | 3,965,000 | 881,000 | 440,000 | 4,243,000 | 1,329,000 | 1,892,000 | -379,000 | 303,000 | 5,013,000 | -1,030,000 | 2,021,000 | 7,358,000 | 3,294,000 | 11,871,000 | 7,037,000 | 12,777,000 | 13,943,000 | |||||||||||||||||||
unrealized gains on securities, net of income tax benefit of —, —, and 1 | -500,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities, net of income tax benefit of 1, 1, 1 and 1 | 26,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of —, —, and — | 18,472,000 | 18,472,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net gain attributable to noncontrolling interest | -21,000 | -328,000 | 107,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities, net of income tax benefit of and — | -24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of — and 1 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance intangible amortization | 10,250,000 | 14,000,000 | 14,000,000 | 13,000,000 | 17,421,000 | 226,242,000 | 36,278,000 | 84,039,000 | 23,242,000 | 28,636,000 | 45,690,000 | 33,471,000 | 37,525,000 | 40,152,000 | 44,553,000 | 39,013,000 | 50,890,000 | 39,680,000 | 38,088,000 | 132,125,000 | 37,432,000 | 41,908,000 | 36,256,000 | 31,714,000 | 37,473,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities, net of income tax benefit of 1, , 1 and | 104,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of , 0, 0 and 0 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities, net of income tax benefit of and | -146,000,000 | 24,952,000 | 24,952,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of 1 and 0 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other-than-temporary impairment losses | -42,000 | -29,000 | -2,250,000 | -1,010,000 | -341,000 | -25,664,000 | -1,763,000 | -21,154,000 | -6,844,000 | -15,906,000 | -18,880,000 | -48,070,000 | -31,743,000 | -1,391,000 | -56,331,000 | -10,361,000 | -6,997,000 | -9,051,000 | -10,392,000 | -38,553,000 | -1,355,000 | -2,501,000 | -7,492,000 | -4,311,000 | -53,121,000 | -17,729,000 | -17,793,000 | -1,713,000 | -12,398,000 | -8,461,000 | -7,777,000 | -33,468,000 | -135,330,000 | -32,529,000 | -675,394,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
portion of other-than-temporary impairment recognized in other comprehensive income | 26,000 | -4,000 | 42,000 | 12,154,000 | 17,212,000 | 4,653,000 | 13,053,000 | 11,439,000 | 38,736,000 | 22,593,000 | 371,000 | 1,810,500 | 7,242,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net other-than-temporary impairment losses recognized in earnings | -42,000 | -29,000 | -2,224,000 | -1,014,000 | -299,000 | -13,510,000 | -1,763,000 | -3,942,000 | -2,191,000 | -2,853,000 | -7,441,000 | -9,334,000 | -9,150,000 | -1,020,000 | -22,540,000 | -3,119,000 | -5,011,000 | -8,754,000 | -10,392,000 | -38,037,000 | -237,000 | -354,000 | -2,328,000 | -3,071,000 | -34,482,000 | -10,070,000 | -17,578,000 | -1,713,000 | -11,304,000 | -6,584,000 | -7,487,000 | -31,349,000 | -118,054,000 | -32,529,000 | -675,394,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
less: loss on exchange of auction market preferred shares | -2,004,000 | -2,004,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of (15), 40, 50 and 82 | -74,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of 33, (188), 65 and 42 | 163,000 | -2,002,000 | -2,002,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities available-for-sale and short-term | 46,552,000 | 208,783,000 | 61,742,000 | 110,551,000 | 80,999,000 | 80,943,000 | 73,150,000 | 79,169,000 | 79,530,000 | 64,368,000 | 57,982,000 | 65,619,000 | 62,278,000 | 186,005,000 | 63,332,000 | 82,881,000 | 76,882,000 | 68,807,000 | 51,776,000 | 85,612,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments | 8,290,000 | -2,728,000 | 4,920,000 | -311,000 | 6,178,000 | 4,217,000 | 8,409,000 | 11,702,000 | 11,387,000 | 6,390,000 | 2,839,000 | -1,424,000 | 2,475,000 | 7,301,000 | 9,651,000 | 700,000 | 3,211,000 | 1,994,000 | 350,000 | -543,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total net investment income | 54,842,000 | 206,055,000 | 66,662,000 | 110,240,000 | 87,177,000 | 85,160,000 | 81,559,000 | 90,871,000 | 90,917,000 | 70,758,000 | 60,821,000 | 64,195,000 | 64,753,000 | 193,306,000 | 72,983,000 | 83,581,000 | 80,093,000 | 70,801,000 | 52,126,000 | 85,069,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of 32 and 230 | 156,000 | 29,581,000 | 29,581,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of credit derivatives: | -3,015,000 | -3,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gains and other settlements | 22,750 | 91,000 | 106,000 | 134,000 | 1,134,000 | 199,000 | 201,000 | 226,000 | 233,000 | 252,000 | 1,693,000 | 407,000 | 2,366,000 | 419,000 | 596,000 | 717,000 | 775,000 | 1,580,000 | 26,566,000 | 26,566,000 | 2,509,000 | 4,442,000 | 2,944,000 | 3,073,000 | 3,254,000 | 3,625,000 | 3,829,000 | 4,224,000 | 5,323,000 | -690,627,250 | 4,862,000 | -2,777,295,000 | 16,973,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in fair value of credit derivatives | -54,250 | -217,000 | -346,000 | 179,000 | 6,624,000 | 1,052,000 | 1,552,000 | 1,733,000 | 3,955,000 | 12,866,000 | 36,952,000 | 10,293,000 | 44,200,000 | -2,499,000 | 7,416,000 | -1,219,000 | 7,382,000 | 31,194,000 | 12,787,000 | -22,022,000 | 27,440,000 | -7,415,000 | -7,222,000 | 28,143,000 | 4,505,000 | 24,287,000 | -8,903,000 | 15,729,000 | 9,412,000 | 202,181,000 | -167,139,000 | 133,210,000 | 2,132,904,000 | 963,000 | 1,545,850,000 | -594,359,000 | -2,705,179,000 | 976,615,000 | -1,708,199,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net gains on interest rate derivatives | 2,287,250 | 9,149,000 | 25,537,000 | 3,984,000 | 34,068,000 | -1,514,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities, net of income tax benefit of 1,122, 0, (586) and 0 | 143,750 | 575,000 | 6,074,000 | 6,074,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax benefit of (188), 0, 42 and 0 | -226,500 | -906,000 | 51,220,000 | 51,220,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities, net of income tax benefit of (1,708) and 0 | 122,304,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on foreign currency translation, net of income tax provision of 0 and 0 | 32,056,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit risk changes of fair value option liabilities, net of income tax provision of 230 and 0 | 1,114,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes to postretirement benefit, net of income tax of 0 and 0 | -859,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income attributable to ambac financial group, inc. | 460,319,000 | -167,053,000 | 48,713,000 | -89,226,000 | -195,600,000 | 112,616,000 | 51,410,000 | 52,212,000 | -413,462,000 | 208,728,000 | 124,578,000 | 163,757,000 | -5,994,000 | 248,698,000 | 426,410 | 376,985,000 | -83,886,000 | 267,920,000 | -839,322,000 | 235,858,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders | -190,905,000 | 7,110,000 | -125,441,000 | -390,987,000 | 282,695,000 | 278,692,000 | 214,711,000 | 82,450,000 | -207,905,000 | 155,942,000 | 230,975,000 | 282,299,000 | 143,576,000 | 157,544,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on securities, net of deferred income taxes of 0 | -434,000 | 12,649,000 | 21,335,000 | -64,780,000 | 24,719,000 | 48,170,000 | 59,791,000 | 8,382,000 | -113,839,000 | -142,282,000 | -17,448,000 | -17,225,000 | 97,142,000 | 108,446,000 | 36,466,000 | -20,904,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on foreign currency translation, net of deferred income taxes of 0 | 24,624,000 | 29,292,000 | 12,593,000 | -35,872,000 | -13,323,000 | -55,152,000 | -17,781,000 | -30,909,000 | 40,490,000 | -11,220,000 | -33,805,000 | -38,429,000 | 102,174,000 | 102,174,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes to postretirement benefit, net of tax of 0 | -338,000 | -338,000 | 2,287,000 | -255,000 | -254,000 | -255,000 | 787,000 | -220,000 | -220,000 | -660,000 | -27,000 | -204,000 | -204,000 | -204,000 | 205,681,000 | 205,681,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other comprehensive income, net of tax | 23,852,000 | 41,603,000 | 36,215,000 | -100,907,000 | 11,142,000 | -7,237,000 | 42,797,000 | -22,747,000 | -73,569,000 | -154,162,000 | -51,280,000 | -55,858,000 | 202,103,000 | 92,802,000 | 93,675,000 | 94,645,000 | 97,245,000 | 110,493,000 | -28,387,000 | -17,431,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: comprehensive (gain) loss attributable to the noncontrolling interest: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain | -21,000 | -328,000 | 107,000 | -100,663,750 | 157,373,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative products | 83,992,000 | -14,510,000 | -36,331,000 | -83,424,000 | -65,083,000 | 50,999,000 | -4,770,000 | -37,774,000 | -15,685,000 | -47,985,000 | -53,841,000 | 12,372,000 | -103,645,000 | -103,645,000 | -569,000 | -11,863,000 | -36,007,000 | -124,091,000 | 46,957,000 | -20,456,000 | -215,774,000 | -65,592,000 | 21,004,000 | 100,987,000 | -78,368,000 | -70,957,000 | -58,227,000 | 73,658,000 | -222,450,000 | -44,219,000 | -14,199,000 | -31,963,000 | -16,878,000 | -15,137,000 | -68,820,000 | -409,000 | 1,216,000 | 2,464,000 | 3,606,000 | 5,379,000 | 3,252,000 | 3,321,000 | 4,686,000 | 2,555,000 | 8,896,000 | -3,759,000 | 8,813,000 | 10,452,000 | |||||||||||||||||||||||||||||||||||||||
losses and loss benefit | -56,745,250 | -69,204,000 | -52,496,000 | -105,281,000 | -133,213,000 | -147,477,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment | 514,511,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss | -82,000 | -36,000 | -292,000 | -44,000 | -517,000 | -869,000 | 160,000 | 83,713,000 | 83,713,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
currency translation adjustments | -272,000 | 398,000 | -48,000 | -326,000 | -395,000 | 192,000 | 46,000 | 414,000 | -41,000 | -171,000 | 117,000 | -183,000 | 31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: comprehensive gain attributable to the noncontrolling interest: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
underwriting and operating expenses | 25,006,000 | 25,873,000 | 78,179,000 | 24,523,000 | 25,513,000 | 24,033,000 | 25,786,000 | 25,047,000 | 34,429,000 | 35,581,000 | 33,347,000 | 33,567,000 | 36,534,000 | 46,753,000 | 40,340,000 | 11,836,000 | 42,376,000 | 47,796,000 | 41,200,000 | 58,931,000 | 50,496,000 | 42,273,000 | 28,039,000 | 48,861,000 | 56,637,000 | 58,365,000 | 46,896,000 | 61,953,000 | 48,982,000 | 34,954,000 | 34,576,000 | 33,438,000 | 36,376,000 | 33,781,000 | 30,192,000 | 31,871,000 | 37,896,000 | 27,870,000 | 27,844,000 | 28,692,000 | 33,403,000 | 26,157,000 | 29,246,000 | 25,654,000 | 23,795,000 | 21,013,000 | 22,166,000 | 18,467,000 | 18,603,000 | ||||||||||||||||||||||||||||||||||||||
pre-tax income before reorganization items | -388,193,000 | 286,095,000 | 293,478,000 | 216,580,000 | -138,000 | -138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reorganization items | 2,000 | 186,000 | 23,000 | 4,000 | 2,059,000 | 2,735,000 | 1,252,000 | 767,000 | 2,461,000 | 10,067,000 | 8,519,000 | 6,470,000 | 24,805,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized losses on extinguishment of debt | -1,246,000 | -23,250 | -93,000 | 16,587,000 | 16,587,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss | -37,738,000 | -150,952,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
portion of loss recognized in other comprehensive income | 1,986,000 | 297,000 | 516,000 | 424,000 | 424,000 | 1,118,000 | 2,147,000 | 5,164,000 | 1,240,000 | 18,639,000 | 7,659,000 | 215,000 | 1,094,000 | 1,877,000 | 290,000 | 2,119,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues before expenses and reorganization items | 155,339,000 | 57,333,000 | 109,138,000 | 171,652,000 | 291,427,000 | 170,352,000 | 197,162,000 | -5,961,000 | 324,136,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses (benefit) before reorganization items | 70,564,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-tax income from continuing operations before reorganization items | 84,775,000 | -210,226,000 | 159,321,000 | 231,605,000 | 2,000 | 2,000 | 284,968,000 | 148,129,000 | 159,292,000 | -812,794,000 | -95,406,000 | -792,091,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-tax income from continuing operations | 84,773,000 | -210,412,000 | 159,298,000 | 231,601,000 | 242,785,000 | 242,785,000 | 282,909,000 | 145,394,000 | 158,040,000 | -813,561,000 | -101,876,000 | -816,896,000 | -81,434,000 | 76,084,000 | -57,696,000 | -689,955,000 | 86,168,000 | 2,153,959,000 | -1,794,922,000 | 279,700,000 | -1,263,147,000 | -3,071,909,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income attributable to common shareholders | 26,987,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 1.83 | -4.61 | 3.46 | 5.13 | 206,219,000 | 206,219,000 | 0.93 | -2.68 | 0.84 | -3.18 | -0.25 | -0.34 | -2.71 | -0.27 | 0.25 | -0.2 | -2.39 | 1.94 | 7.58 | -8.24 | -1.36 | -8.65 | -8.45 | 2.86 | -11.69 | -31.81 | -3.53 | 1.69 | 2.04 | 1.58 | 2 | 2.24 | 2.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per diluted share attributable to common shareholders | 1.77 | 205,795,000 | 205,795,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses before reorganization items | 267,559,000 | 6,459,000 | 22,223,000 | 37,870,000 | 806,833,000 | 68,053,000 | 872,181,000 | 17,696,000 | 243,601,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on securities, net of deferred income taxes of 0 | 185,163,000 | 88,722,000 | 53,877,000 | 4.57 | 4.57 | 94,098,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on foreign currency translation, net of deferred income taxes of 0 | 17,144,000 | 4,284,000 | 39,798,000 | -261,000 | -115,000 | 1,686,000 | -5,324,000 | 3,213,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per diluted share attributable to ambac financial group, inc. common shareholders | -4.61 | 3.31 | 4.98 | 36,566,000 | 36,566,000 | 0.93 | -2.68 | 0.84 | -0.825 | -0.25 | -0.34 | -2.71 | -0.573 | 0.25 | -0.2 | -2.39 | -0.498 | 7.58 | -8.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total (benefit) expenses before reorganization items | -50,183,000 | -59,953,000 | -90,983,000 | -90,983,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other loss | -1,751,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to the noncontrolling interest | 32,000 | 4.42 | 4.42 | -47,000 | -2,232,000 | 11,250 | -2,000 | 14,000 | 33,000 | -3,250 | 13,000 | -15,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of postretirement benefit, net of tax of 0 | 808,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: comprehensive income attributable to the noncontrolling interest: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income attributable to ambac financial group, inc | 324,236,000 | -399,000 | -399,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on foreign currency translation, net of deferred income taxes of 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairments: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net gain attributable to the noncontrolling interest | -275,000 | -171,000 | 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss after tax: | -12,662,000 | -12,662,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income | -100,663,750 | 157,373,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for net gain included in net | 13,779,000 | -361,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of postretirement benefit, net of tax | -948,000 | -3,792,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income per share attributable to ambac financial group, inc. common shareholders | -0.33 | 0.52 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income per diluted share attributable to ambac financial group, inc. common shareholders | -0.33 | 0.52 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss attributable to common shareholders | -811,118,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: reclassification adjustment for net gain included in net income | 59,529,000 | -4,052,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses | -10,476,000 | -14,226,000 | -657,710,500 | -1,867,250,000 | -1,725,172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-tax gain from continuing operations before reorganization items | 256,083,000 | -219,869,000 | 8,021,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-tax gain from continuing operations | 253,622,000 | -229,817,500 | -498,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareholders. | 253,320,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial guarantee: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial services: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net mark-to-market losses on non-trading derivative contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate and other: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized gains | 2,543,000 | -521,000 | 10,693,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest from investment and payment agreements | 1,539,500 | 1,943,000 | 2,024,000 | 2,191,000 | 3,102,000 | 3,951,000 | 4,357,000 | 5,434,000 | 6,598,000 | 6,433,000 | 8,311,000 | 12,789,000 | 38,012,000 | 50,048,000 | 57,914,000 | 98,048,000 | 81,935,000 | 77,348,000 | 70,854,000 | 64,416,000 | 57,681,000 | 48,452,000 | 45,740,000 | 52,350,000 | 47,227,000 | 55,476,000 | 58,996,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other incomes | 2,010,000 | 2,719,000 | 2,707,000 | 2,614,000 | 32,091,000 | 3,460,000 | 3,124,000 | 3,627,000 | 7,352,000 | 3,316,000 | 3,541,000 | 3,951,000 | 35,600,000 | 3,466,000 | 3,297,000 | 3,303,000 | 3,572,000 | 3,521,000 | 2,912,000 | 3,431,000 | 3,819,000 | 3,349,000 | 3,381,000 | 3,695,000 | 6,780,000 | 6,234,000 | 6,158,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to ambac financial group, inc. | -249,304,500 | -75,507,000 | -102,432,000 | -819,279,000 | -81,595,000 | 76,006,000 | -57,559,000 | -690,051,000 | 558,111,000 | 2,188,257,000 | -2,368,794,000 | -392,187,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on variable interest entities | -6,125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in fair value of total return swap contracts | 6,902,000 | 22,052,000 | -10,381,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net mark-to-market gains on non-trading derivative contracts | -11,556,000 | -2,739,000 | 10,485,000 | -6,907,000 | 7,529,000 | 161,000 | -1,242,000 | -5,230,000 | 2,095,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gains and losses and other settlements | 9,924,000 | -182,821,750 | -732,857,000 | -5,053,000 | 6,623,000 | 15,035,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less loss attributable to the noncontrolling interest | -11,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense on variable interest entity notes | 2,833,000 | 2,658,000 | 2,430,000 | 2,747,000 | 3,185,000 | 3,367,000 | 3,379,000 | 3,557,000 | 9,333,750 | 12,754,000 | 11,958,000 | 12,623,000 | 12,432,000 | 11,623,000 | 11,816,000 | 11,579,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less net income attributable to the noncontrolling interest | -4,000 | -14,000 | 11,000 | -13,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross premiums written | 117,743,000 | 118,645,000 | 141,280,000 | 159,207,000 | 233,766,000 | 286,585,000 | 261,139,000 | 249,912,000 | 251,903,000 | 212,301,000 | 313,458,000 | 219,007,000 | 306,022,000 | 237,943,000 | 322,628,000 | 229,126,000 | 210,587,000 | 363,196,000 | 226,434,000 | 280,330,000 | 386,005,000 | 197,219,000 | 205,110,000 | 195,683,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ceded premiums written | -16,553,000 | 4,371,000 | -17,446,000 | -23,534,000 | -184,516,000 | -35,095,000 | -28,437,000 | -29,484,000 | -18,835,250 | -26,351,000 | -57,747,000 | 8,757,000 | -37,966,000 | -34,296,000 | -54,038,000 | 26,627,000 | -18,649,000 | 15,949,000 | -33,886,000 | -17,451,000 | -42,313,000 | -31,168,000 | -26,854,000 | -24,705,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net premiums written | 101,190,000 | 123,016,000 | 123,834,000 | 135,673,000 | 49,250,000 | 251,490,000 | 232,702,000 | 220,428,000 | 223,748,000 | 185,950,000 | 255,711,000 | 227,764,000 | 268,056,000 | 203,647,000 | 268,590,000 | 255,753,000 | 191,938,000 | 379,145,000 | 192,548,000 | 262,879,000 | 343,692,000 | 166,051,000 | 178,256,000 | 170,978,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized (losses) and gains and other settlements | -988,507,000 | -837,929,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net mark-to-market losses on total return swap contracts | -18,549,750 | -28,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per diluted share | -8.65 | -8.45 | 2.8 | -11.69 | -31.81 | -3.53 | 1.67 | 2.02 | 1.565 | 1.98 | 2.22 | 2.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net mark-to-market gains on total return swap contracts | -4,671,000 | -40,928,000 | -22,678,000 | -12,856,000 | -982,000 | 3,215,000 | -4,032,000 | -501,000 | 1,818,000 | 5,223,000 | 3,585,000 | 2,347,000 | -5,350,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-tax incomefrom continuing operations | 1,507,385,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net mark-to-market losses on non-trading derivatives | -1,833,000 | -369,750 | -1,320,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss and loss expenses | 1,042,761,000 | 11,900,000 | 19,082,000 | 17,096,000 | 11,422,000 | 2,601,500 | -2,543,000 | 12,822,000 | 127,000 | 33,563,750 | 89,126,000 | 21,657,000 | 23,472,000 | 17,700,000 | 17,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest on investment and payment agreements | 89,003,000 | 78,020,500 | 112,000,000 | 101,124,000 | 98,958,000 | 65,656,000 | 97,126,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate | 16,076,000 | 2,444,250 | 2,857,000 | 3,664,000 | 3,256,000 | 9,881,000 | 3,036,000 | 4,000,000 | 3,643,000 | 3,703,000 | 3,548,000 | 5,461,000 | 2,282,000 | 2,678,000 | 2,601,000 | 2,189,000 | 1,938,000 | 2,227,000 | 8,273,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -2,790,784,000 | 6,598,750 | -494,895,000 | 232,050,000 | 289,240,000 | 231,438,250 | 297,149,000 | 326,963,000 | 301,641,000 | 184,965,000 | 226,978,000 | 260,910,000 | 251,972,000 | 246,050,000 | 244,458,000 | 231,121,000 | 216,381,000 | 219,914,000 | 181,449,000 | 177,796,000 | 158,942,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other credit enhancement fees | 23,514,000 | 20,035,000 | 17,332,000 | 15,553,000 | 15,360,000 | 16,057,000 | 14,155,000 | 14,188,000 | 12,474,000 | 13,014,000 | 12,536,000 | 12,067,000 | 11,839,000 | 11,809,000 | 11,436,000 | 11,936,000 | 12,294,000 | 10,364,000 | 7,307,000 | 6,576,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net premiums earned and other credit enhancement fees | 233,155,000 | 214,830,000 | 238,351,000 | 231,559,000 | 223,516,000 | 214,556,000 | 224,943,000 | 208,368,000 | 217,520,000 | 231,112,000 | 205,778,000 | 211,701,000 | 195,338,000 | 201,402,000 | 176,871,000 | 171,562,000 | 164,286,000 | 145,116,000 | 129,703,000 | 120,206,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net mark-to-market gains on credit derivative contracts | -5,199,021,000 | -743,379,000 | -56,867,000 | -5,124,000 | -838,000 | 2,572,000 | 5,381,000 | 1,953,000 | 18,403,000 | 1,555,000 | -11,606,000 | 5,266,000 | -330,000 | 3,256,000 | 6,962,000 | 10,002,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net mark-to-market gains on non-trading derivatives | 340,000 | -499,000 | -309,250 | -1,175,000 | -306,000 | 244,000 | 12,217,250 | -57,000 | 48,235,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized investment losses | -24,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | -546,757,993.06 | 175,117,000 | 186,098,000 | 185,543,000 | 184,418,000 | 180,896,000 | 171,755,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -799,000 | -310,000 | -240,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 160,000 | -124,000 | -96,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations | -959,000 | -186,000 | -144,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per diluted share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net mark-to-market gains on derivative hedge contracts | 691,000 | 22,000 | 41,000 | 63,000 | 11,000 | 51,000 | 677,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
variable interest entity | 861,000 | 839,000 | 1,061,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net mark-to-market losses on credit derivative contracts | -4,053,000 | -12,176,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net securities gains | -1,500,000 | -4,510,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenue | 13,582,000 | 10,966,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 23.86% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net securities losses | -127,000 | -444,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial services | 5,380,000 | 5,699,000 |
We provide you with 20 years income statements for Ambac Financial Group stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Ambac Financial Group stock. Explore the full financial landscape of Ambac Financial Group stock with our expertly curated income statements.
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