Ambac financial group inc (AMBC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'12Dec'11Dec'10
Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-526

-

-

-

60

63

Revenues:
Premiums Earned, Net, Financial Guarantee Insurance Contracts

66,000

111,000

175,000

197,287

-

-

-

405,970

545,975

Net investment income:
Securities available-for-sale and short-term

196,000

271,000

338,000

281,049

-

-

-

-

-

Other Investment Income

32,000

2,000

23,000

32,318

-

-

-

-

-

Net investment income (loss)

227,000

273,000

361,000

313,367

-

-

-

354,796

358,563

Other-than-temporary impairment losses:
Total other-than-temporary impairment losses

0

3,000

55,000

89,700

-

-

-

90,356

-

Other than Temporary Impairment Losses, Investments, Available-for-sale Securities

-

-

-

-

-

-

-

-

65,183

Portion of other-than-temporary impairment recognized in other comprehensive income (loss)

0

0

-34,000

-67,881

-

-

-

-26,513

-5,380

Net other-than-temporary impairments

0

3,000

20,000

21,819

-

-

-

-63,843

59,803

Net realized investment gains

-

-

-

-

-

-

-

17,347

159,451

Realized Investment Gains (Losses)

81,000

112,000

5,000

39,284

-

-

-

-

-

Change in fair value of credit derivatives:
Realized gains and other settlements

-

-

-

-

-

-

-

17,001

-2,757,624

Unrealized gains (losses)

-

-

-

-

-

-

-

31,031

2,817,807

Derivative, Gain (Loss) on Derivative, Net

-50,000

7,000

76,000

-30,167

-

-

-

-

-

Net change in fair value of credit derivatives

-

-

-

-

-

-

-

48,032

60,183

Net gains (losses) on interest rate derivatives

-

-

-

-

-

-

-

-280,824

-106,565

Gain (Loss) on Extinguishment of Debt

0

3,000

5,000

4,845

-

-

-

3,119

-

Net mark-to-market losses on non-trading derivative contracts

-

-

-

-

-

-

-

-

-14,295

Other Operating Income (Expense), Net

134,000

5,000

0

18,070

-

-

-

25,535

107,314

Variable Interest Entity, Measure of Activity, Operating Income or Loss

38,000

3,000

20,000

-14,093

-

-

-

-214,368

-616,688

Total revenues

496,000

511,000

622,000

506,774

-

-

-

295,764

434,135

Expenses:
Losses and loss expenses (benefit)

13,000

-224,000

513,000

-11,489

-

-

-

1,859,455

719,362

Amortization of Intangible Assets

295,000

107,000

151,000

174,608

-

-

-

-

-

Operating expenses

103,000

112,000

122,000

114,285

-

-

-

141,305

254,465

Interest expense

269,000

242,000

120,000

124,344

-

-

-

128,092

181,329

Total expenses

680,000

238,000

906,000

401,748

-

-

-

2,128,852

1,155,156

Pre-tax income before reorganization items

-

-

-

-

-

-

-

-1,833,088

-721,021

Reorganization items

-

-

-

-

-

-

-

49,861

31,980

Pre-tax income (loss)

-183,000

273,000

-284,000

105,026

-

-

-

-1,882,949

-753,001

Income Tax Expense (Benefit)

32,000

5,000

44,000

30,709

-

-

-

77,422

135

Net income (loss)

-216,000

267,000

-329,000

74,317

-

-

-

-1,960,371

-753,136

AMPS Exchange Loss Based on Carry Value

0

82,000

0

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-216,000

186,000

-329,000

74,843

-

-

-

-1,960,431

-753,199

Other comprehensive income (loss), after tax:
Net income (loss)

-216,000

267,000

-329,000

74,317

-

-

-

-1,960,371

-753,136

Unrealized gains (losses) on securities, net of income tax provision (benefit) of $(0) and $(1)

65,000

55,000

-82,000

67,900

-

-

-

120,637

-

Less: reclassification adjustment for net gain (loss) included in net loss, net of tax of $0

-

-

-

-

-

-

-

48,614

-

Gains (losses) on foreign currency translation, net of income tax provision (benefit) of $0 and $0

26,000

-48,000

74,000

-122,128

-

-

-

1,528

-

Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax

0

-1,000

0

-

-

-

-

-

-

Changes to postretirement benefit, net of income tax provision (benefit) of $0 and $0

1,000

2,000

-1,000

-23

-

-

-

-

-

Amortization of postretirement benefit, net of tax of $0

-

-

-

-

-

-

-

-753

-

Total other comprehensive income (loss), net of income tax

91,000

6,000

-7,000

-54,205

-

-

-

171,532

-

Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest

-125,000

274,000

-335,000

20,112

-

-

-

-1,788,839

-

Less: comprehensive (gain) loss attributable to the noncontrolling interest:
Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-526

-

-

-

60

63

Currency translation adjustments

-

-

-

-

-

-

-

47

-

Total comprehensive income (loss) attributable to common stockholders

-125,000

192,000

-335,000

20,638

-

-

-

-1,788,946

-

Net income (loss) per share attributable to Ambac Financial Group, Inc. common shareholders
Earnings Per Share, Basic

-4.69

4.07

-7.25

1.66

-

-

-

-6.48

-2.56

Earnings Per Share, Diluted

-4.69

3.99

-7.25

1.64

-

-

-

-6.48

-

Weighted Average Number of Shares Outstanding, Basic

-

45,954

45,665

-

-

-

-

302,439

294,423

Weighted Average Number of Shares Outstanding, Diluted

-

45,954

46,559

-

-

-

-

302,439

294,423

Successor [Member]
Less: net gain (loss) attributable to noncontrolling interest

-

-

-

-

-709

-375

-

-

-

Premiums Earned, Net, Financial Guarantee Insurance Contracts

-

-

-

-

312,595

246,360

-

-

-

Interest and Dividend Income, Securities, Operating, Available-for-sale

-

-

-

-

249,337

292,838

-

-

-

Other investments

-

-

-

-

16,952

8,108

-

-

-

Total net investment income

-

-

-

-

266,289

300,946

-

-

-

Total other-than-temporary impairment losses

-

-

-

-

66,692

-

-

-

-

Other than Temporary Impairment Losses, Investments, Available-for-sale Securities

-

-

-

-

-

26,632

-

-

-

Portion of other-than-temporary impairment recognized in other comprehensive income

-

-

-

-

-41,033

-838

-

-

-

Net other-than-temporary impairments

-

-

-

-

25,659

25,794

-

-

-

Net realized investment gains

-

-

-

-

-

58,777

-

-

-

Realized Investment Gains (Losses)

-

-

-

-

53,476

-

-

-

-

Realized gains and other settlements

-

-

-

-

2,785

3,043

-

-

-

Unrealized gains (losses)

-

-

-

-

38,916

20,863

-

-

-

Net change in fair value of credit derivatives

-

-

-

-

41,701

23,906

-

-

-

Net gains (losses) on interest rate derivatives

-

-

-

-

-42,544

-181,087

-

-

-

Net realized gains (losses) on extinguishment of debt

-

-

-

-

81

-74,724

-

-

-

Other income (expense)

-

-

-

-

7,150

12,498

-

-

-

Income (loss) on variable interest entities

-

-

-

-

31,569

-32,212

-

-

-

Total revenues

-

-

-

-

644,658

328,670

-

-

-

Losses and loss expenses (benefit)

-

-

-

-

-768,707

-545,574

-

-

-

Insurance intangible amortization

-

-

-

-

169,557

151,830

-

-

-

Operating expenses

-

-

-

-

102,702

101,474

-

-

-

Interest expense

-

-

-

-

116,537

127,476

-

-

-

Goodwill, Impairment Loss

-

-

-

-

514,511

0

-

-

-

Total expenses

-

-

-

-

134,600

-164,794

-

-

-

Pre-tax income before reorganization items

-

-

-

-

-

493,464

-

-

-

Reorganization items

-

-

-

-

-

211

-

-

-

Pre-tax income (loss)

-

-

-

-

510,058

493,253

-

-

-

Income Tax Expense (Benefit)

-

-

-

-

17,364

9,557

-

-

-

Net income (loss)

-

-

-

-

492,694

483,696

-

-

-

Net income (loss) attributable to common stockholders

-

-

-

-

493,403

484,071

-

-

-

Net income (loss)

-

-

-

-

492,694

483,696

-

-

-

Unrealized gains (losses) on securities, net of income tax provision (benefit) of ($1,708) and $0

-

-

-

-

-159,730

252,603

-

-

-

Gains (losses) on foreign currency translation, net of income tax provision of $0 and $0

-

-

-

-

-45,025

-43,599

-

-

-

Changes to postretirement benefit, net of income tax of $0 and $0

-

-

-

-

687

816

-

-

-

Total other comprehensive income (loss), net of income tax

-

-

-

-

-205,442

208,188

-

-

-

Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

287,252

691,884

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-709

-375

-

-

-

Currency translation adjustments

-

-

-

-

-374

-434

-

-

-

Total comprehensive income (loss) attributable to Ambac Financial Group, Inc.

-

-

-

-

288,335

692,693

-

-

-

Earnings Per Share, Basic

-

-

-

-

10.92

10.73

-

-

-

Earnings Per Share, Diluted

-

-

-

-

10.72

10.31

-

-

-

Predecessor [Member]
Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-2,676

-

-

Premiums Earned, Net, Financial Guarantee Insurance Contracts

-

-

-

-

-

-

414,604

-

-

Interest and Dividend Income, Securities, Operating, Available-for-sale

-

-

-

-

-

-

382,902

-

-

Other investments

-

-

-

-

-

-

0

-

-

Net Investment Income

-

-

-

-

-

-

382,902

-

-

Total other-than-temporary impairment losses

-

-

-

-

-

-

15,659

-

-

Portion of other -than-temporary impairment recognized in other comprehensive income

-

-

-

-

-

-

-9,669

-

-

Net other-than-temporary impairments

-

-

-

-

-

-

5,990

-

-

Net realized investment gains

-

-

-

-

-

-

72,101

-

-

Realized gains and other settlements

-

-

-

-

-

-

13,713

-

-

Unrealized Gain (Loss) on Derivatives

-

-

-

-

-

-

-22,932

-

-

Gain (Loss) on Derivative Instruments, Net, Pretax

-

-

-

-

-

-

-9,219

-

-

Gain (Loss) on Derivative Instruments Held for Trading Purposes, Net

-

-

-

-

-

-

-125,004

-

-

Net realized losses on extinguishment of debt

-

-

-

-

-

-

-177,580

-

-

Other income

-

-

-

-

-

-

106,098

-

-

Variable Interest Entity, Measure of Activity, Operating Income or Loss

-

-

-

-

-

-

27,777

-

-

Revenues

-

-

-

-

-

-

685,689

-

-

Policyholder Benefits and Claims Incurred, Net, Financial Guarantee

-

-

-

-

-

-

683,630

-

-

Amortization of Intangible Assets

-

-

-

-

-

-

0

-

-

Other Underwriting Expense

-

-

-

-

-

-

139,029

-

-

Interest expense

-

-

-

-

-

-

112,320

-

-

Total expenses before reorganization items

-

-

-

-

-

-

934,979

-

-

Pre-tax (loss) income from continuing operations before reorganization items

-

-

-

-

-

-

-249,290

-

-

Reorganization items

-

-

-

-

-

-

7,215

-

-

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest

-

-

-

-

-

-

-256,505

-

-

Income Tax Expense (Benefit)

-

-

-

-

-

-

2,849

-

-

Net income (loss)

-

-

-

-

-

-

-259,354

-

-

Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-256,678

-

-

Net income (loss)

-

-

-

-

-

-

-259,354

-

-

Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax

-

-

-

-

-

-

166,252

-

-

Gains (losses) on foreign currency translation, net of deferred income taxes of $0

-

-

-

-

-

-

-540

-

-

Changes to postretirement benefit, net of tax of $0

-

-

-

-

-

-

3,792

-

-

Other Comprehensive Income (Loss), Net of Tax

-

-

-

-

-

-

161,920

-

-

Total comprehensive income (loss)

-

-

-

-

-

-

-97,434

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-2,676

-

-

Currency translation adjustments

-

-

-

-

-

-

-206

-

-

Total comprehensive income (loss) attributable to Ambac Financial Group, Inc.

-

-

-

-

-

-

-94,552

-

-

Earnings Per Share, Basic

-

-

-

-

-

-

-0.85

-

-

Earnings Per Share, Diluted

-

-

-

-

-

-

-0.85

-

-