Document/ExhibitDescriptionPagesSize
1: 10-K Annual Report HTML 6.16M
2: EX-10.38 Material Contract HTML 70K
3: EX-21.1 Subsidiaries List HTML 54K
4: EX-23.1 Consent of Expert or Counsel HTML 48K
5: EX-24.1 Power of Attorney HTML 56K
9: EX-97.1 Clawback Policy re: Recovery of Erroneously HTML 63K
Awarded Compensation
6: EX-31.1 Certification -- §302 - SOA'02 HTML 52K
7: EX-31.2 Certification -- §302 - SOA'02 HTML 52K
8: EX-32.1 Certification -- §906 - SOA'02 HTML 51K
15: R1 Document and Entity Information HTML 118K
16: R2 Audit Information HTML 54K
17: R3 Consolidated Balance Sheets HTML 228K
18: R4 Consolidated Balance Sheets (Parenthetical) HTML 92K
19: R5 Consolidated Statements of Total Comprehensive HTML 193K
Income
20: R6 Consolidated Statements of Stockholders' Equity HTML 104K
21: R7 Consolidated Statements of Cash Flows HTML 199K
22: R8 Background and Business Description HTML 110K
23: R9 Basis of Presentation and Significant Accounting HTML 218K
Policies (Notes)
24: R10 Segment Reporting HTML 55K
25: R11 Investments HTML 382K
26: R12 Fair Value Measurements HTML 420K
27: R13 Financial Guarantees in Force (Notes) HTML 88K
28: R14 Financial Guarantee Insurance Contracts HTML 82K
29: R15 Insurance Regulatory Restrictions (Notes) HTML 79K
30: R16 Derivative Instruments HTML 179K
31: R17 Intangible Assets HTML 99K
32: R18 Variable Interest Entities HTML 198K
33: R19 Long-Term Debt (Notes) HTML 92K
34: R20 Revenue from Contract with Customer HTML 76K
35: R21 Comprehensive Income HTML 122K
36: R22 Net Income Per Share HTML 87K
37: R23 Income Taxes HTML 161K
38: R24 Employment Benefit Plans (Notes) HTML 96K
39: R25 Leases (Notes) HTML 90K
40: R26 Commitments and Contingencies HTML 112K
41: R27 SEC Schedule, Article 12-04, Condensed Financial HTML 263K
Information of Registrant
42: R28 Pay vs Performance Disclosure HTML 61K
43: R29 Insider Trading Arrangements HTML 54K
44: R30 Reorganizations (Policies) HTML 75K
45: R31 Basis of Presentation and Significant Accounting HTML 240K
Policies (Policies)
46: R32 Background and Business Description Reorganization HTML 58K
Costs (Tables)
47: R33 Basis of Presentation and Significant Accounting HTML 99K
Policies Supplemental Cash Flow Information
(Tables)
48: R34 Investments (Tables) HTML 341K
49: R35 Fair Value Measurements (Tables) HTML 392K
50: R36 Financial Guarantees in Force (Tables) HTML 87K
51: R37 Financial Guarantee Insurance Contracts (Tables) HTML 623K
52: R38 Derivative Instruments (Tables) HTML 179K
53: R39 Intangible Assets (Tables) HTML 108K
54: R40 Variable Interest Entities (Tables) HTML 113K
55: R41 Long-Term Debt (Tables) HTML 93K
56: R42 Revenue from Contract with Customer (Tables) HTML 72K
57: R43 Comprehensive Income (Tables) HTML 124K
58: R44 Net Income Per Share (Tables) HTML 84K
59: R45 Income Taxes (Tables) HTML 183K
60: R46 Employment Benefit Plans (Tables) HTML 96K
61: R47 Leases (Tables) HTML 130K
62: R48 Background and Business Description Rehabilitation HTML 80K
Exit Support Agreement (Details)
63: R49 Background and Business Description Stipulation HTML 48K
and Order (Details)
64: R50 Background and Basis of Presentation - Surplus HTML 63K
Note Exchange (Details)
65: R51 Background and Business Description AMPS Exchange HTML 60K
(Details)
66: R52 Background and Business Description - Additional HTML 87K
Information (Detail)
67: R53 Background and Business Description - Redemption HTML 63K
of Notes (Details)
68: R54 Background and Business Description - Settlement HTML 65K
of RMBS Litigation (Details)
69: R55 Basis of Presentation and Significant Accounting HTML 122K
Policies Additional Information (Details)
70: R56 Basis of Presentation and Significant Accounting HTML 52K
Policies FX gain (Loss) (Details)
71: R57 Basis of Presentation and Significant Accounting HTML 57K
Policies Goodwill (Details)
72: R58 Basis of Presentation and Significant Accounting HTML 84K
Policies Noncontrolling Interest (Details)
73: R59 Basis of Presentation and Significant Accounting HTML 49K
Policies Adoption of New Accounting Standards
(Details)
74: R60 Basis of Presentation and Significant Accounting HTML 76K
Policies Supplemental Cash Flow Information
(Details)
75: R61 Basis of Presentation and Significant Accounting HTML 51K
Policies Restricted Cash (Details)
76: R62 Segment Reporting (Details) HTML 161K
77: R63 Investments - Summary of Amortized Cost and HTML 121K
Estimated Fair Value of Available-for-Sale
Investments, Excluding VIE Investments (Detail)
78: R64 Investments - Summary of Amortized Cost and HTML 92K
Estimated Fair Value of Available-for-Sale
Investments, Excluding VIE Investments Held by
Successor Ambac, by Contractual Maturity (Detail)
79: R65 Investments - Summary of Gross Unrealized Losses HTML 162K
and Fair Values of Ambac's Available-for-Sale
Investments (Detail)
80: R66 Investments - Additional Information (Detail) HTML 105K
81: R67 Investments - Summary of Amounts Included in Net HTML 66K
Realized (Losses) Gains and Other-Than-Temporary
Impairments (Detail)
82: R68 Investments - Summary of Roll-Forward of Ambac's HTML 52K
Cumulative Credit Losses on Debt Securities for
Which Portion of Other-than-Temporary Impairment
was Recognized in Other Comprehensive Income
(Detail)
83: R69 Investments - Summary of Sources of Collateral HTML 73K
Received and Various Investment Agreement in which
Collateral Pledged (Detail)
84: R70 Investments - Summary of Fair Value, Including HTML 98K
Financial Guarantee, and Weighted-Average
Underlying Rating, Excluding Financial Guarantee,
of Insured Securities (Detail2)
85: R71 Investments - Summary of Net Investment Income HTML 95K
(Detail)
86: R72 Investments (Details) HTML 103K
87: R73 Fair Value Measurements - Summary of Carrying HTML 310K
Amount and Fair Value of Ambac's Financial Assets
and Liabilities (Detail)
88: R74 Fair Value Measurements - Additional Information HTML 86K
(Detail)
89: R75 Fair Value Measurements - Information about HTML 87K
Valuation Inputs for Fixed Income Securities
Classified as Level 3 (Detail)
90: R76 Fair Value Measurements - Summary of Information HTML 53K
about Described Model Inputs Used to Determine
Fair Value of Each Class of Credit Derivatives
(Detail)
91: R77 Fair Value Measurements - Summary of Information HTML 53K
about Described Model Inputs Used to Determine
Fair Value of Each Class of Credit Derivatives
(Detail2)
92: R78 Fair Value Measurements - Information about HTML 67K
Valuation Inputs for Variable Interest Entity
Assets and Liabilities Classified as Level 3
(Detail)
93: R79 Fair Value Measurements - Summary of Changes in HTML 139K
Level 3 Fair Value Category (Detail)
94: R80 Fair Value Measurements - Summary of Gains and HTML 72K
Losses (Realized and Unrealized) Relating to Level
3 Assets and Liabilities Included in Earnings
(Detail)
95: R81 Financial Guarantees in Force - Additional HTML 64K
Information (Detail)
96: R82 Financial Guarantees in Force - Summary of HTML 88K
Financial Guarantee Portfolio Diversification by
Type of Guaranteed Bond (Detail)
97: R83 Financial Guarantees in Force - Summary of HTML 68K
International Finance Guaranteed Portfolio
(Detail)
98: R84 Financial Guarantee Insurance Contracts - HTML 290K
Additional Information (Detail)
99: R85 Financial Guarantee Insurance Contracts - Summary HTML 261K
of Gross Premium Receivable Roll-Forward (Direct
and Assumed Contracts) (Detail)
100: R86 Financial Guarantee Insurance Contracts - Effect HTML 78K
of Reinsurance on Premiums Written and Earned
(Detail)
101: R87 Financial Guarantee Insurance Contracts - HTML 117K
Summarized Future Gross Undiscounted Premiums
Expected to be Collected, and Future Expected
Premiums Earned, Net of Reinsurance (Detail)
102: R88 Financial Guarantee Insurance Contracts Financial HTML 84K
Guarantee Insurance Contracts - Components of Loss
and Loss Expense Reserves and Subrogation
Recoverable (Details)
103: R89 Financial Guarantee Insurance Contracts - Summary HTML 97K
of Loss Reserve Roll-Forward, Net of Subrogation
Recoverable and Reinsurance (Detail)
104: R90 Financial Guarantee Insurance Contracts - Summary HTML 187K
of Information Related to Policies Currently
Included in Ambac's Loss Reserves or Subrogation
Recoverable (Detail)
105: R91 Financial Guarantee Insurance Contracts - Summary HTML 51K
of Balance of RMBS Subrogation Recoveries and
Related Claim Liabilities, by Estimation Approach
(Detail)
106: R92 Financial Guarantee Insurance Contracts - Summary HTML 53K
of Rollforward of RMBS Subrogation, by Estimation
Approach (Detail)
107: R93 Financial Guarantee Insurance Contracts - HTML 80K
Estimated Future Amortization Expense for
Insurance Intangible Asset (Detail)
108: R94 Financial Guarantee Insurance - Summary of HTML 50K
Percentage Ceded to Reinsurers and Reinsurance
Recoverable and Rating Levels (Detail)
109: R95 Financial Guarantee Insurance Contracts Financial HTML 150K
Guarantee Insurance Contracts Earned Premiums by
Geographic Location (Details)
110: R96 Reinsurance (Details) HTML 79K
111: R97 Insurance Contracts (Details) HTML 50K
112: R98 Insurance Contracts (Details) HTML 123K
113: R99 Insurance Regulatory Restrictions Additional HTML 64K
Details (Details)
114: R100 Derivative Instruments - Summary of Gross Fair HTML 114K
Values of Individual Derivative Instruments
(Detail)
115: R101 Derivative Instruments - Additional Information HTML 68K
(Detail)
116: R102 Derivative Instruments - Summary of Location and HTML 65K
Amount of Gains and Losses of Derivative Contracts
(Detail)
117: R103 Derivative Instruments - Summary of Gross HTML 57K
Principal Notional Outstanding for CDS Contracts
(Detail)
118: R104 Derivative Instruments - Summarize Information by HTML 52K
Major Category of CDS Contracts (Detail)
119: R105 Derivative Instruments - Summary of Notional HTML 56K
Amounts of AFS's Trading Derivative Products
(Detail)
120: R106 Derivative Instruments - Summary of Notional for HTML 58K
VIE Derivatives Outstanding (Detail)
121: R107 Financial Guarantee Insurance Contracts - Summary HTML 57K
of Gross Premium Receivable Roll-Forward (Direct
and Assumed Contracts) (Details)
122: R108 Intangible Assets (Details) HTML 99K
123: R109 Variable Interest Entities - Additional HTML 179K
Information (Detail)
124: R110 Variable Interest Entities - Summary of Fair Value HTML 73K
of Fixed Income Securities, by Asset-Type, Held by
Consolidated Variable Interest Entities (Detail)
125: R111 Variable Interest Entities - Supplemental HTML 57K
Information about Loans Held as Assets and
Long-Term Debt Associated with Consolidated
Variable Interest Entities (Detail)
126: R112 Variable Interest Entities - Summary of Carrying HTML 95K
Amount of Assets, Liabilities and Maximum Exposure
to Loss of Ambac's Variable Interests in
Non-Consolidated Variable Interest Entities
(Detail)
127: R113 Variable Interest Entities Variable Interest HTML 101K
Entity - Change in Fair Value of Assets and
Liabilities (Details)
128: R114 Variable Interest Entities Variabile Interest HTML 52K
Entities - Carry Value of Secured Notes from LSNI
(Details)
129: R115 Variable Interest Entities Special Purpose HTML 159K
Entities, including Variable Interest Entities -
Summary of Assets and Liabilities (Details)
130: R116 Long-Term Debt (Details) HTML 145K
131: R117 Revenue from Contract with Customer (Details) HTML 89K
132: R118 Comprehensive Income - Schedule of Changes in HTML 84K
Balances of Each Component of Accumulated Other
Comprehensive Income (Detail)
133: R119 Comprehensive Income - Schedule of Amounts HTML 107K
Reclassed Out of Each Component of Accumulated
Other Comprehensive Income (Detail)
134: R120 Net Income Per Share - Additional Information HTML 93K
(Detail)
135: R121 Net Income Per Share - Reconciliation of Common HTML 72K
Shares Used for Basic and Diluted Earnings Per
Share (Detail)
136: R122 Income Taxes - Additional Information (Detail) HTML 54K
137: R123 Income Taxes - Significant Portions of Deferred HTML 87K
Tax Liabilities and Deferred Tax Assets (Detail)
138: R124 Income Taxes Income Taxes - Provision for Income HTML 69K
Taxes Charged To Income From Continuing Operations
(Details)
139: R125 Income Taxes Income Taxes - Effect of Income Taxes HTML 64K
on Net Income and Stockholders' Equity (Details)
140: R126 Income Taxes Income Taxes - Effective Tax Rates HTML 106K
Differing From Prevailing Federal Corporate Income
Tax Rates (Details)
141: R127 Income Taxes Income Taxes - Reconciliation of HTML 50K
Unrecognized Tax Benefits (Details)
142: R128 Income Taxes Income Taxes - NOL Usage Table HTML 60K
(Details)
143: R129 Income Taxes Schedule of Income Before Income HTML 59K
Taxes (Details)
144: R130 Employment Benefit Plans Postretirement Health HTML 75K
Care and Other Benefits (Details)
145: R131 Employment Benefit Plans Savings Plan (Details) HTML 56K
146: R132 Employment Benefit Plans Stock Compensation HTML 77K
(Details)
147: R133 Employment Benefit Plans Restricted Stock Units HTML 122K
(Details)
148: R134 Employment Benefit Plans Performance Units HTML 133K
(Details)
149: R135 Leases Statement (Details) HTML 112K
150: R136 Leases (Details) HTML 50K
151: R137 Commitments and Contingencies - Additional HTML 53K
Information (Detail)
152: R138 Schedule I - Summary Of Investments (Details) HTML 106K
153: R139 Schedule II - Condensed Financial Information of HTML 153K
Registrant (Parent Company Only) - Condensed
Balance Sheet (Details)
154: R140 Schedule II - Condensed Financial Information of HTML 154K
Registrant (Parent Company Only) - Condensed
Statement of Total Comprehensive Income (Details)
155: R141 Schedule II - Condensed Financial Information of HTML 130K
Registrant (Parent Company Only) - Condensed
Statements of Stockholders' Equity (Details)
156: R142 Schedule II - Condensed Financial Information of HTML 132K
Registrant (Parent Company Only) - Condensed
Statements of Cash Flows (Details)
157: R143 Schedule II - Condensed Financial Information of HTML 48K
Registrant (Parent Company Only) Schedule II -
Condensed Financial Information of Registrant -
Additional Information (Details)
158: R144 Schedule II - Condensed Financial Information of HTML 60K
Registrant (Parent Company Only) Schedule II -
Condensed Financial Information of Registrant -
Income Taxes (Details)
159: R145 SEC Schedule, Article 12-16, Supplementary HTML 81K
Insurance Information (Details)
161: XML IDEA XML File -- Filing Summary XML 323K
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1. I have reviewed this Annual Report on Form 10-K for the year ended December 31, 2023 of Ambac Financial Group, Inc (the "registrant");
2. Based on my knowledge, this report does not contain any
untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a—15(e) and 15d—15(e))
and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the
registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors:
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.