2012 Q4 Form 10-K Financial Statement

#000119312513122346 Filed on March 22, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 2011 Q4
Revenue $171.7M $685.7M -$30.30M
YoY Change -666.67% 131.84% -114.9%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $800.0K $25.47M $800.0K
YoY Change 0.0% 19.4% -11.11%
% of Gross Profit
Operating Expenses -$1.100M $822.6M $839.1M
YoY Change -100.13% -58.89% 319.76%
Operating Profit
YoY Change
Interest Expense -$23.40M -$112.3M -$33.10M
YoY Change -29.31% -12.33% -18.27%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $145.4M -$256.5M -$963.7M
YoY Change -115.09% -86.38% 1083.91%
Income Tax $2.100M $2.849M -$500.0K
% Of Pretax Income 1.44%
Net Earnings $143.6M -$256.7M -$963.2M
YoY Change -114.91% -86.91% 1080.39%
Net Earnings / Revenue 83.63% -37.43%
Basic Earnings Per Share -$0.85
Diluted Earnings Per Share $474.6K -$0.85 -$3.184M
COMMON SHARES
Basic Shares Outstanding 302.4M shares 302.5M shares
Diluted Shares Outstanding 302.5M shares

Balance Sheet

Concept 2012 Q4 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $43.84M $44.00M $16.00M
Short-Term Investments
Other Short-Term Assets $178.0M $221.0M
YoY Change -19.46% -16.6%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $179.0M $259.0M
YoY Change -30.89% -10.38%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $24.17B $24.17B $23.43B
YoY Change 3.18% 3.18% -5.49%
Other Assets $2.000M $2.000M $5.000M
YoY Change -60.0% -60.0% 0.0%
Total Long-Term Assets $26.91B $26.85B
YoY Change 0.19% -6.62%
TOTAL ASSETS
Total Short-Term Assets $179.0M $259.0M
Total Long-Term Assets $26.91B $26.85B
Total Assets $27.09B $27.09B $27.11B
YoY Change -0.1% -0.11% -6.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $232.0M $232.0M $174.0M
YoY Change 33.33% 33.33% 167.69%
Deferred Revenue
YoY Change
Short-Term Debt $531.0M $0.00 $415.0M
YoY Change 27.95% -100.0% 18.91%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.222B $691.0M $1.233B
YoY Change -0.89% -43.96% -0.72%
LONG-TERM LIABILITIES
Long-Term Debt $15.59B $15.59B $14.51B
YoY Change 7.4% 7.4% -11.02%
Other Long-Term Liabilities $4.029B $4.561B $3.902B
YoY Change 3.25% 16.89% 14.36%
Total Long-Term Liabilities $19.62B $20.15B $18.41B
YoY Change 6.52% 9.41% -6.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.222B $691.0M $1.233B
Total Long-Term Liabilities $19.62B $20.15B $18.41B
Total Liabilities $30.33B $30.99B $30.26B
YoY Change 0.23% 0.21% -2.55%
SHAREHOLDERS EQUITY
Retained Earnings -$6.297B -$6.040B
YoY Change 4.26%
Common Stock $3.080M $3.080M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $410.8M $411.4M
YoY Change -0.16%
Treasury Stock Shares 5.581M shares 5.588M shares
Shareholders Equity -$3.908B -$3.908B -$3.813B
YoY Change
Total Liabilities & Shareholders Equity $27.09B $27.09B $27.11B
YoY Change -0.1% -0.11% -6.66%

Cashflow Statement

Concept 2012 Q4 2012 2011 Q4
OPERATING ACTIVITIES
Net Income $143.6M -$256.7M -$963.2M
YoY Change -114.91% -86.91% 1080.39%
Depreciation, Depletion And Amortization $800.0K $25.47M $800.0K
YoY Change 0.0% 19.4% -11.11%
Cash From Operating Activities -$215.7M -$613.9M -$195.3M
YoY Change 10.45% -17358.87% -351.03%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $229.0M $40.26M $198.1M
YoY Change 15.6% -1132.33% -1021.4%
Cash From Investing Activities $229.0M $1.038B $198.1M
YoY Change 15.6% 355.2% -1021.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $188.4M
YoY Change
Cash From Financing Activities -59.50M -396.2M -8.100M
YoY Change 634.57% 76.05% -93.05%
NET CHANGE
Cash From Operating Activities -215.7M -613.9M -195.3M
Cash From Investing Activities 229.0M 1.038B 198.1M
Cash From Financing Activities -59.50M -396.2M -8.100M
Net Change In Cash -46.20M 27.84M -5.300M
YoY Change 771.7% 328.15% -91.21%
FREE CASH FLOW
Cash From Operating Activities -$215.7M -$613.9M -$195.3M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2012Q4 us-gaap Notes Receivable Net
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CY2012Q4 abk Securities Continuous Unrealized Loss Position Fair Value
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CY2012Q4 abk Average Annual Rate Of Return
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CY2012Q4 abk Change In Beneficial Ownership Percentage
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CY2012Q4 abk Shares Available For Future Grants
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CY2012Q4 abk Assets Segment
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CY2012Q4 abk Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses By Closed Block Life Insurance
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CY2012Q4 abk Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses By Issuance By Large Diversified Financial Services
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CY2012Q4 abk Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses Related To Alta
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CY2012Q4 abk Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses Related To Alta Number
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CY2012Q4 abk Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses Related To Alta Percentage
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CY2012Q4 abk Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Aggregate Losses Secured By Lease Payments
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CY2012Q4 abk Available For Sale Securities Debt Maturities With Maturity Date Fair Value
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CY2012Q4 abk Available For Sale Securities Pledged As Collateral Amortized Cost Basis
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CY2012Q4 abk Estimated Future Premium Payments Weighted Average Discounted Rate
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CY2012Q4 abk Fair Value Input Weighted Average Credit Derivative Quote As Percentage Of Notional
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CY2012Q4 abk Fair Value Input Weighted Average Credit Rating
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CY2012Q4 abk Fair Value Input Weighted Average Life
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CY2012Q4 abk Liabilities Subject To Compromise Including Subsidiaries Liability
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CY2012Q4 abk Liabilities Subject To Compromise Payable To Non Debtor Subsidiaries
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CY2012Q4 abk Number Of Remediation Transactions
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CY2012Q4 abk Other Investments Amortized Cost Basis
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CY2012Q4 abk Parent Company Cash And Short Term Investments
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CY2012Q4 abk Payment By Subsidiary To Internal Revenue Service Associated With Net Operating Loss Usage Tier C Under Amended Tax Sharing Agreement
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CY2012Q4 abk Payment By Subsidiary To Internal Revenue Service Associated With Net Operating Loss Usage Tier D Under Amended Tax Sharing Agreement
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CY2012Q4 abk Percentage Of Credit Value Adjustment
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CY2012Q4 abk Reduction In Tax Net Operating Losses On Credit Default Contracts
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CY2012Q4 abk Securities Held To Collateralize And Fund Repayment Of Debt Issued Through Resecuritization Transaction Fair Value
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CY2012Q4 abk Short Term Securities Continuous Unrealized Loss Position Less Than Twelve Months Aggregate Losses
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CY2012Q4 abk Subrogation Recoverable Included In Loss And Loss Expense Reserves
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CY2012Q4 abk Financial Guarantee Gross Outstanding Principal
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CY2012Q4 abk Percentage Of Highest Single Insured Risk Of Aggregate Net Par Amount Guaranteed
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CY2012Q4 abk Non Credit Other Than Temporary Impairments On Other Investments
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CY2012Q4 abk Liabilities Subject To Compromise Not Recognized In Balance Sheet
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CY2012Q4 abk Balance Of Gross Rmbs Subrogation Recoveries
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CY2012Q4 abk Balance Of Rmbs Subrogation Recoveries Net Of Reinsurance
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CY2012Q4 abk Financial Guarantee Outstanding Principal Ceded To Third Parties
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CY2012Q4 abk Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Undiscounted Claim Liability Gross Undiscounted Rmbs Subrogation
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CY2012Q4 abk Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount On Rmbs Subrogation
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CY2012Q4 abk Schedule Of Insured Financial Obligations With Credit Deterioration Loss Adjustment Expenses Reserve
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CY2012Q4 abk Subrogation Recoverable Asset
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CY2012Q4 abk Schedule Of Insured Financial Obligations With Credit Deterioration Rmbs Gross Claim Liabilities Before Subrogation Recoveries
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CY2012Q4 abk Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Subrogation Rmbs
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CY2012Q4 abk Unsecured Reinsurance Recoverables
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CY2012Q4 abk Investment Agreement Expected Repayments Of Principal
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CY2012Q4 abk Debt Instrument Principal Amount Subject To Repurchase
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CY2012Q4 abk Pledged Assets Not Separately Reported Investment Securities
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CY2012Q4 abk Maximum Ownership Of Debt Securities By Holder
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CY2012Q4 abk Amount Of Insured Par Outstanding Ceded To Reinsurer
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CY2012Q4 abk Change In Loss And Loss Expense Reserves Net
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CY2012Q4 abk Borrowings Under Guaranteed Investment Agreements And Securities Sold Under Agreements To Repurchase
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CY2011Q2 abk Junior Surplus Notes Par Value
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CY2011 us-gaap Financial Guarantee Insurance Contracts Accelerated Premium Revenue Amount
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CY2011 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years
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CY2011 us-gaap Derivative Gain Loss On Derivative Net
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CY2011 us-gaap Ceded Premiums Earned Financial Guarantee Insurance Contracts
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CY2011 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2011 us-gaap Investment Income Net
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CY2011 us-gaap Treasury Stock Value Acquired Cost Method
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CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2011 us-gaap Income Tax Expense Benefit Continuing Operations
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CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2011 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
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CY2011 us-gaap Premiums Earned Net
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2011 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
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CY2011 us-gaap Contractual Interest Expense On Prepetition Liabilities Not Recognized In Statement Of Operations
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CY2011 us-gaap Income Tax Examination Interest Expense
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CY2011 us-gaap Share Based Compensation
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CY2011 us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2011 us-gaap Financial Guarantee Insurance Contracts Premium Received Over Contract Period Premium Receivable Weighted Average Risk Free Discount Rate
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CY2011 us-gaap Increase Decrease In Deferred Policy Acquisition Costs
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CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2011 us-gaap Assumed Premiums Earned Financial Guarantee Insurance Contracts
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CY2011 us-gaap Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax
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CY2011 us-gaap Debt Instrument Interest Rate Effective Percentage Rate Range Minimum
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CY2011 us-gaap Debtor Reorganization Items Other Expense Income
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CY2011 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Other Adjustments
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CY2011 us-gaap Operating Leases Rent Expense Net
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
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CY2011 us-gaap Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period
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CY2011 us-gaap Reorganization Items
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CY2011 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
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134596000
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CY2012 dei Entity Voluntary Filers
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No
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CY2012 dei Trading Symbol
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ABK
CY2012 dei Entity Registrant Name
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AMBAC FINANCIAL GROUP INC
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345000
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382902000
CY2012 us-gaap Financial Guarantee Insurance Contracts Premium Received Over Contract Period Premium Receivable Weighted Average Collection Period1
FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1
P9Y7M6D
CY2012 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
5602000
CY2012 us-gaap Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
43635000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
9350 shares
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-256678000
CY2012 us-gaap Direct Premiums Written Financial Guarantee Insurance Contracts
DirectPremiumsWrittenFinancialGuaranteeInsuranceContracts
277508000
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.85
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
CY2012 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Below is the loss reserve roll-forward, net of subrogation recoverable and reinsurance for the years ended December&#xA0;31, 2012 and 2011:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="76%" align="center"> <tr> <td width="78%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Year&#xA0;Ended<br /> December&#xA0;31,<br /> 2012</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Year&#xA0;Ended<br /> December&#xA0;31,<br /> 2011</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Beginning balance of loss and loss expense reserves, net of subrogation recoverable and reinsurance</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6,230,780</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,424,450</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Changes in the loss and loss expense reserves due to:</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Current year:</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 5em"><font style="FONT-FAMILY: Times New Roman" size="2">Establishment of new loss and loss expense reserves, gross of subrogation and net of reinsurance</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">464,058</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">503,697</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 5em"><font style="FONT-FAMILY: Times New Roman" size="2">Paid claims and loss expenses, net of subrogation and reinsurance</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(20,765</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(2,442</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 5em"><font style="FONT-FAMILY: Times New Roman" size="2">Establishment of subrogation recoveries, net of reinsurance</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(9,761</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 7em"><font style="FONT-FAMILY: Times New Roman" size="2">Total current year</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">443,293</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">491,494</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Prior years:</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 5em"><font style="FONT-FAMILY: Times New Roman" size="2">Change in previously established loss and loss expense reserves, gross of subrogation and net of reinsurance</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">72,700</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,683,831</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 5em"><font style="FONT-FAMILY: Times New Roman" size="2">Paid claims and loss expenses, net of subrogation and reinsurance</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(944,860</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(179,440</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 5em"><font style="FONT-FAMILY: Times New Roman" size="2">Change in previously established subrogation recoveries, net of reinsurance</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">172,818</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(324,151</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 7em"><font style="FONT-FAMILY: Times New Roman" size="2">Total prior years</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(699,342</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,180,240</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Net change in loss and loss expense reserves</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(256,049</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,671,734</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Net deconsolidation of VIEs</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">&#x2014;&#xA0;&#xA0;</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">134,596</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 1px solid">&#xA0;</p> </td> <td>&#xA0;</td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Ending loss and loss expense reserves, net of subrogation recoverable and reinsurance</font></p> </td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">5,974,731</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6,230,780</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td valign="bottom"> <p style="BORDER-TOP: #000000 3px double">&#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div>
CY2012 us-gaap Ceded Premiums Written Financial Guarantee Insurance Contracts
CededPremiumsWrittenFinancialGuaranteeInsuranceContracts
23371000
CY2012 us-gaap Defined Contribution Plan Maximum Annual Contribution Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionPerEmployeePercent
0.03 pure
CY2012 us-gaap Increase Decrease In Accrued Investment Income Receivable
IncreaseDecreaseInAccruedInvestmentIncomeReceivable
-5586000
CY2012 us-gaap Causes Of Increase Decrease In Liability For Unpaid Claims And Claims Adjustment Expense Amount
CausesOfIncreaseDecreaseInLiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAmount
-699342000
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
302468867 shares
CY2012 us-gaap Direct Premiums Earned Financial Guarantee Insurance Contracts
DirectPremiumsEarnedFinancialGuaranteeInsuranceContracts
434488000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-396244000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
0
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
107502000
CY2012 us-gaap Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
P3Y7M6D
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
73404000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.069 pure
CY2012 us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
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7165000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-94552000
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1109468000
CY2012 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-125004000
CY2012 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
26825000
CY2012 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
89276000
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
5990000
CY2012 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
2713000
CY2012 us-gaap Revenues
Revenues
685689000
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2919000
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-175000
CY2012 us-gaap Premiums Earned Net Financial Guarantee Insurance Contracts
PremiumsEarnedNetFinancialGuaranteeInsuranceContracts
414604000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2849000
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
664000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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221150000
CY2012 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
-9793000
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-22932000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
CY2012 us-gaap Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
-21028000
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2676000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
0 shares
CY2012 us-gaap Revenue From Administrative Services Other
RevenueFromAdministrativeServicesOther
685689000
CY2012 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
0
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
0
CY2012 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
72101000
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1058000
CY2012 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
3476000
CY2012 us-gaap Income Tax Effects Allocated Directly To Equity
IncomeTaxEffectsAllocatedDirectlyToEquity
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-613898000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1263000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
49.63
CY2012 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Accretion Of Discount On Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentAccretionOfDiscountOnPremiumReceivable
50407000
CY2012 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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28031000
CY2012 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
798740000
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
40261000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
-54898000
CY2012 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Current Year
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464058000
CY2012 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
4524000
CY2012 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
1128000
CY2012 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
934979000
CY2012 abk Assets Transferred To Special Purpose Entities
AssetsTransferredToSpecialPurposeEntities
0
CY2012 us-gaap Debt Instrument Interest Rate Effective Percentage Rate Range Maximum
DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum
0.0604 pure
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-97434000
CY2012 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
72101000
CY2012 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
5166000
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1069000
CY2012 us-gaap Income Tax Effects Allocated Directly To Equity Other
IncomeTaxEffectsAllocatedDirectlyToEquityOther
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-177580000
CY2012 us-gaap Premiums Written Net Financial Guarantee Insurance Contracts
PremiumsWrittenNetFinancialGuaranteeInsuranceContracts
254137000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
0
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-89777000
CY2012 abk Payments From Drawdowns Of Borrowings Under Guaranteed Investment Agreements
PaymentsFromDrawdownsOfBorrowingsUnderGuaranteedInvestmentAgreements
186786000
CY2012 abk Premiums Written Financial Guarantee Insurance Contracts Percentage Of Amount Assumed To Net
PremiumsWrittenFinancialGuaranteeInsuranceContractsPercentageOfAmountAssumedToNet
pure
CY2012 abk Statutory Accounting Practices Capital
StatutoryAccountingPracticesCapital
628302000
CY2012 abk Premiums Written Gross
PremiumsWrittenGross
-277508000
CY2012 abk Other Than Temporary Impairment Losses
OtherThanTemporaryImpairmentLosses
15659000
CY2012 abk Net Realized Investment Gains Losses
NetRealizedInvestmentGainsLosses
72101000
CY2012 abk Net Other Than Temporary Impairment Losses Recognized In Earnings
NetOtherThanTemporaryImpairmentLossesRecognizedInEarnings
-5990000
CY2012 abk Stock Based Compensation
StockBasedCompensation
664000
CY2012 abk Unfunded Accumulated Postretirement Benefit Obligations Determined By Company
UnfundedAccumulatedPostretirementBenefitObligationsDeterminedByCompany
17485000
CY2012 abk Net Unrealized Losses On Securities Tax Effect
NetUnrealizedLossesOnSecuritiesTaxEffect
18448000
CY2012 abk Investment Income Interest On Debt Securities
InvestmentIncomeInterestOnDebtSecurities
386385000
CY2012 abk Investment Income Interest On Loans Receivable
InvestmentIncomeInterestOnLoansReceivable
714000
CY2012 abk Income Loss From Continuing Operations Before Reorganization Items And Income Taxes
IncomeLossFromContinuingOperationsBeforeReorganizationItemsAndIncomeTaxes
-249290000
CY2012 abk Realized Gains Losses And Other Settlements
RealizedGainsLossesAndOtherSettlements
13713000
CY2012 abk Valuation Allowances And Reserves Charged To Equity
ValuationAllowancesAndReservesChargedToEquity
18448000
CY2012 abk Unrealized Gains Losses
UnrealizedGainsLosses
-22932000
CY2012 abk Portion Of Loss Recognized In Other Comprehensive Income
PortionOfLossRecognizedInOtherComprehensiveIncome
-9669000
CY2012 abk Paydown Of Variable Interest Entity Secured Borrowing
PaydownOfVariableInterestEntitySecuredBorrowing
21012000
CY2012 abk Interest Paid On Investment Agreements
InterestPaidOnInvestmentAgreements
7264000
CY2012 abk Increase Decrease Variable Interest Entity Activities
IncreaseDecreaseVariableInterestEntityActivities
27777000
CY2012 abk Income Loss On Variable Interest Entities
IncomeLossOnVariableInterestEntities
27777000
CY2012 abk Amount Received Under Derivatives With Sponsored Special Purpose Entities
AmountReceivedUnderDerivativesWithSponsoredSpecialPurposeEntities
7356000
CY2012 abk Available For Sale Securities Continuous Unrealized Loss Position Period Twelve Months Or Longer Aggregate Losses By Issuance By Large Diversified Financial Services
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionPeriodTwelveMonthsOrLongerAggregateLossesByIssuanceByLargeDiversifiedFinancialServices
P66M
CY2012 abk Derivatives Credit Risk Valuation Adjustment Derivative Liabilities Other Than Credit Derivatives
DerivativesCreditRiskValuationAdjustmentDerivativeLiabilitiesOtherThanCreditDerivatives
121928000
CY2012 abk Fair Value Measurement Process Description For Credit Derivatives Hypothetical Incremental Fee
FairValueMeasurementProcessDescriptionForCreditDerivativesHypotheticalIncrementalFee
0.0005 pure
CY2012 abk Fair Value Measurement Process Description For Credit Derivatives Hypothetical Incremental Fee With Credit Deterioration
FairValueMeasurementProcessDescriptionForCreditDerivativesHypotheticalIncrementalFeeWithCreditDeterioration
0.0015 pure
CY2012 abk Fair Value Measurement Process Description For Credit Derivatives Remaining Life
FairValueMeasurementProcessDescriptionForCreditDerivativesRemainingLife
P8Y
CY2012 abk Fair Value Measurement Process Description For Credit Derivatives Revised Relative Change Ratio
FairValueMeasurementProcessDescriptionForCreditDerivativesRevisedRelativeChangeRatio
0.732 pure
CY2012 abk Operating Tax Carryforward Expiration Year End
OperatingTaxCarryforwardExpirationYearEnd
2034
CY2012 abk Insurance Premium Earned Related To Sponsored Special Purpose Entities
InsurancePremiumEarnedRelatedToSponsoredSpecialPurposeEntities
398000
CY2012 abk Interest Paid On Variable Interest Entity Secured Borrowing
InterestPaidOnVariableInterestEntitySecuredBorrowing
1572000
CY2012 abk Liability For Unpaid Claims And Claims Adjustment Expense Change In Loss Reserves Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseChangeInLossReservesCurrentYear
443293000
CY2012 abk Net Change In Fair Value Of Credit Derivatives
NetChangeInFairValueOfCreditDerivatives
-9219000
CY2012 abk Net Par Exposure For Policies Allocated To Segregated Account
NetParExposureForPoliciesAllocatedToSegregatedAccount
27162620000
CY2012 abk Operating Tax Carryforward Expiration Year Start
OperatingTaxCarryforwardExpirationYearStart
2029
CY2012 abk Payment As Percentage Of Permitted Policy Claim
PaymentAsPercentageOfPermittedPolicyClaim
0.25 pure
CY2012 abk Percentage Of Credit Derivative Gross Par Outstanding Using Internally Estimated Reference Obligation Prices In Determination Of Fair Value
PercentageOfCreditDerivativeGrossParOutstandingUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue
0.19 pure
CY2012 abk Percentage Of Credit Derivative Liability Using Internally Estimated Reference Obligation Prices In Determination Of Fair Value
PercentageOfCreditDerivativeLiabilityUsingInternallyEstimatedReferenceObligationPricesInDeterminationOfFairValue
0.21 pure
CY2012 abk Percentage Of Credit Derivatives Gross Par Outstanding Using Third Party Reference Obligation Quotes In Determination Of Fair Value
PercentageOfCreditDerivativesGrossParOutstandingUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue
0.81 pure
CY2012 abk Percentage Of Credit Derivatives Liability Using Third Party Reference Obligation Quotes In Determination Of Fair Value
PercentageOfCreditDerivativesLiabilityUsingThirdPartyReferenceObligationQuotesInDeterminationOfFairValue
0.79 pure
CY2012 abk Percentage Of Premiums Receivable Related To Non Investment Grade Rmbs Transactions
PercentageOfPremiumsReceivableRelatedToNonInvestmentGradeRmbsTransactions
0.07 pure
CY2012 abk Percentage Of Premiums Receivable Related To Student Loan Transactions
PercentageOfPremiumsReceivableRelatedToStudentLoanTransactions
0.12 pure
CY2012 abk Percentage Premiums Receivable Related To Transactions With Non Investment Grade Internal Ratings
PercentagePremiumsReceivableRelatedToTransactionsWithNonInvestmentGradeInternalRatings
0.40 pure
CY2012 abk Professional Fees Paid Relating To Chapter Eleven Proceeding
ProfessionalFeesPaidRelatingToChapterElevenProceeding
9141000
CY2012 abk Profit Loss Before Tax From Unaffiliated Customer
ProfitLossBeforeTaxFromUnaffiliatedCustomer
-256505000
CY2012 abk Percentage Of Ceded Financial Guarantee Principal Outstanding
PercentageOfCededFinancialGuaranteePrincipalOutstanding
1.0000 pure
CY2012 abk Cumulative Other Than Temporary Impairment
CumulativeOtherThanTemporaryImpairment
150000000
CY2012 abk Stock Option Plan Expense Net Of Tax
StockOptionPlanExpenseNetOfTax
0
CY2012 abk Weighted Average Rating Of Assets Held By Sponsored Special Purpose Entities
WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities
No longer than 90 days
CY2012 abk Accrued Interest Rate Percentage
AccruedInterestRatePercentage
0.045 pure
CY2012 abk Amounts Recovered On Previously Paid Claims Related To Sponsored Special Purpose Entities
AmountsRecoveredOnPreviouslyPaidClaimsRelatedToSponsoredSpecialPurposeEntities
14691000
CY2012 abk Percentage Decline In Market Value Below Amortization Cost
PercentageDeclineInMarketValueBelowAmortizationCost
0.20 pure
CY2012 abk Investment Income Insurance Entity Short Term Investments
InvestmentIncomeInsuranceEntityShortTermInvestments
1405000
CY2012 abk Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Taxes
OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTaxes
0
CY2012 abk Postemployment And Postretirement Benefits Period Expense
PostemploymentAndPostretirementBenefitsPeriodExpense
2099000
CY2012 abk Misallocation Of Tax Refunds Received
MisallocationOfTaxRefundsReceived
38486000
CY2012 abk Insurance Liabilities Not Assumed
InsuranceLiabilitiesNotAssumed
163687000
CY2012 abk Percentage Of Principal Balance Of Impaired Loans
PercentageOfPrincipalBalanceOfImpairedLoans
0.39 pure
CY2012 abk Number Of Sponsors
NumberOfSponsors
8 Customer
CY2012 abk Number Of Insured Transactions Reviewed
NumberOfInsuredTransactionsReviewed
49 Transactions
CY2012 abk Liability For Unpaid Claims And Claims Adjustment Expense Change In Previously Established Loss Reserves Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseChangeInPreviouslyEstablishedLossReservesPriorYears
72700000
CY2012 abk Liability For Unpaid Claims And Claims Adjustment Expense Change In Established Of Subrogation Recoveries Prior Years
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseChangeInEstablishedOfSubrogationRecoveriesPriorYears
-172818000
CY2012 abk Loss Adjustment Expense Incurred
LossAdjustmentExpenseIncurred
83226000
CY2012 abk Ceded Principal Outstanding Major Reinsurer Percentage
CededPrincipalOutstandingMajorReinsurerPercentage
0.077 pure
CY2012 abk Additional Transactions Reviewed Changes In Rmbs Subrogation
AdditionalTransactionsReviewedChangesInRmbsSubrogation
-18981000
CY2012 abk Additional Adverse Sample Loans Reviewed Change In Rmbs Subrogation
AdditionalAdverseSampleLoansReviewedChangeInRmbsSubrogation
CY2012 abk Adverse Loans Repurchased By Sponsor Change In Rmbs Subrogation
AdverseLoansRepurchasedBySponsorChangeInRmbsSubrogation
35000
CY2012 abk Other Changes Rmbs Subrogation
OtherChangesRmbsSubrogation
-216057000

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