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10-Q Filing

OCTAVE SPECIALTY GROUP INC CIK: 874501 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000874501-21-000083
Period End Date 20210331
Filing Date 20210510
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance ambc-20210331_htm.xml
Filing Contents
Balance Sheet 92 line items
Line Item Tag Value Unit Period
Debt Securities, Available-for-sale, Amortized Cost AvailableForSaleDebtSecuritiesAmortizedCostBasis $2.74B USD Point-in-time
Debt Securities, Available-for-sale, Allowance for Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss - USD Point-in-time
Debt Securities, Available-for-sale, Allowance for Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss - USD Point-in-time
Premium Receivable, Allowance for Credit Loss PremiumsReceivableAllowanceForDoubtfulAccounts $17.00M USD Point-in-time
Premium Receivable, Allowance for Credit Loss PremiumsReceivableAllowanceForDoubtfulAccounts $13.00M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 20.00M shares Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 130.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 46.48M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 45.87M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 46.20M shares Point-in-time
Treasury stock, shares TreasuryStockShares 279,965.00 shares Point-in-time
Treasury stock, shares TreasuryStockShares 55,942.00 shares Point-in-time
Fixed maturity securities, at fair value AvailableForSaleSecuritiesDebtSecurities $2.86B USD Point-in-time
Total investments (net of allowance for credit losses of $0 and $0) Investments $3.54B USD Point-in-time
Total investments (net of allowance for credit losses of $0 and $0) Investments $3.46B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $58.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $23.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $20.00M USD Point-in-time
Restricted Cash RestrictedCash $13.00M USD Point-in-time
Restricted Cash RestrictedCash $16.00M USD Point-in-time
Restricted Cash RestrictedCash $31.00M USD Point-in-time
Premiums Receivable, Net PremiumsReceivableAtCarryingValue $356.00M USD Point-in-time
Premiums Receivable, Net PremiumsReceivableAtCarryingValue $370.00M USD Point-in-time
Reinsurance Recoverables, Including Reinsurance Premium Paid ReinsuranceRecoverables $33.00M USD Point-in-time
Reinsurance Recoverables, Including Reinsurance Premium Paid ReinsuranceRecoverables $33.00M USD Point-in-time
Deferred ceded premium PrepaidReinsurancePremiums $70.00M USD Point-in-time
Deferred ceded premium PrepaidReinsurancePremiums $74.00M USD Point-in-time
Subrogation recoverable SalvageAndSubrogationRecoveriesValue $2.08B USD Point-in-time
Subrogation recoverable SalvageAndSubrogationRecoveriesValue $2.16B USD Point-in-time
Derivative assets DerivativeAssets $93.00M USD Point-in-time
Derivative assets DerivativeAssets $74.00M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $409.00M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $391.00M USD Point-in-time
Other assets OtherAssets $115.00M USD Point-in-time
Other assets OtherAssets $114.00M USD Point-in-time
Total assets Assets $12.84B USD Point-in-time
Total assets Assets $13.22B USD Point-in-time
Unearned premiums UnearnedPremiums $438.00M USD Point-in-time
Unearned premiums UnearnedPremiums $456.00M USD Point-in-time
Loss and loss expense reserves LiabilityNetForClaimsAndClaimsAdjustmentExpenseFinancialGuaranteeInsuranceContracts $1.66B USD Point-in-time
Loss and loss expense reserves LiabilityNetForClaimsAndClaimsAdjustmentExpenseFinancialGuaranteeInsuranceContracts $1.76B USD Point-in-time
Ceded premiums payable ReinsurancePayable $27.00M USD Point-in-time
Ceded premiums payable ReinsurancePayable $24.00M USD Point-in-time
Long-term debt LongTermDebt $2.74B USD Point-in-time
Long-term debt LongTermDebt $2.66B USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $517.00M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $516.00M USD Point-in-time
Derivative Liability DerivativeLiabilities $114.00M USD Point-in-time
Derivative Liability DerivativeLiabilities $86.00M USD Point-in-time
Other liabilities OtherLiabilities $106.00M USD Point-in-time
Other liabilities OtherLiabilities $123.00M USD Point-in-time
Total liabilities Liabilities $12.07B USD Point-in-time
Total liabilities Liabilities $11.70B USD Point-in-time
Preferred stock, par value $0.01 per share; 20,000,000 shares authorized; issued and outstanding sharesnone PreferredStockValue - USD Point-in-time
Preferred stock, par value $0.01 per share; 20,000,000 shares authorized; issued and outstanding sharesnone PreferredStockValue - USD Point-in-time
Common Stock, Value, Issued CommonStockValue - USD Point-in-time
Common Stock, Value, Issued CommonStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $242.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $246.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $79.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-149.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $42.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $61.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $761.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $759.00M USD Point-in-time
Treasury stock, shares at cost: 0 and 8,202 TreasuryStockValue $1.00M USD Point-in-time
Treasury stock, shares at cost: 0 and 8,202 TreasuryStockValue $5.00M USD Point-in-time
Total Ambac Financial Group, Inc. stockholders equity StockholdersEquity $1.08B USD Point-in-time
Total Ambac Financial Group, Inc. stockholders equity StockholdersEquity $1.06B USD Point-in-time
Noncontrolling interest MinorityInterest $60.00M USD Point-in-time
Noncontrolling interest MinorityInterest $60.00M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.14B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.12B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.54B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.06B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $12.84B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $13.22B USD Point-in-time
Deferred Income Tax Liabilities, Net DeferredIncomeTaxLiabilitiesNet $20.00M USD Point-in-time
Deferred Income Tax Liabilities, Net DeferredIncomeTaxLiabilitiesNet $24.00M USD Point-in-time
Taxes Payable, Current TaxesPayableCurrent $6.00M USD Point-in-time
Taxes Payable, Current TaxesPayableCurrent $2.00M USD Point-in-time
Available-for-sale Securities, Amortized Cost Basis AvailableForSaleSecuritiesAmortizedCost $2.81B USD Point-in-time
Available-for-sale Securities, Amortized Cost Basis AvailableForSaleSecuritiesAmortizedCost $2.74B USD Point-in-time
Debt Securities, Available-for-sale, Allowance for Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss - USD Point-in-time
Debt Securities, Available-for-sale, Allowance for Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss - USD Point-in-time
Premium Receivable, Allowance for Credit Loss PremiumsReceivableAllowanceForDoubtfulAccounts $17.00M USD Point-in-time
Premium Receivable, Allowance for Credit Loss PremiumsReceivableAllowanceForDoubtfulAccounts $13.00M USD Point-in-time
Debt Securities, Available-for-sale, Amortized Cost AvailableForSaleDebtSecuritiesAmortizedCostBasis $2.74B USD Point-in-time
Income Statement 71 line items
Line Item Tag Value Unit Period
Unrealized (loss) gain on securities, taxes OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-2.00M USD 1 Quarter
Unrealized (loss) gain on securities, taxes OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax - USD 1 Quarter
Gain (loss) on foreign currency translation, taxes OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax - USD 1 Quarter
Gain (loss) on foreign currency translation, taxes OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax - USD 1 Quarter
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, Tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodTax $1.00M USD 1 Quarter
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, Tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodTax - USD 1 Quarter
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect - USD 1 Quarter
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect - USD 1 Quarter
Net premiums earned PremiumsEarnedNetFinancialGuaranteeInsuranceContracts $10.00M USD 1 Quarter
Net premiums earned PremiumsEarnedNetFinancialGuaranteeInsuranceContracts $14.00M USD 1 Quarter
Securities available-for-sale and short-term InterestAndDividendIncomeSecuritiesAvailableForSale $22.00M USD 1 Quarter
Securities available-for-sale and short-term InterestAndDividendIncomeSecuritiesAvailableForSale $31.00M USD 1 Quarter
Net investment income (loss) NetInvestmentIncome $-21.00M USD 1 Quarter
Net investment income (loss) NetInvestmentIncome $49.00M USD 1 Quarter
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments $8.00M USD 1 Quarter
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments $2.00M USD 1 Quarter
Realized Investment Gains (Losses) RealizedInvestmentGainsLosses $2.00M USD 1 Quarter
Realized Investment Gains (Losses) RealizedInvestmentGainsLosses $8.00M USD 1 Quarter
Derivative, Gain (Loss) on Derivative, Net DerivativeGainLossOnDerivativeNet $-70.00M USD 1 Quarter
Derivative, Gain (Loss) on Derivative, Net DerivativeGainLossOnDerivativeNet $25.00M USD 1 Quarter
Net realized gains (losses) on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $33.00M USD 1 Quarter
Other Operating Income (Expense), Net OtherOperatingIncomeExpenseNet $5.00M USD 1 Quarter
Other Operating Income (Expense), Net OtherOperatingIncomeExpenseNet - USD 1 Quarter
Income (loss) on variable interest entities VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss - USD 1 Quarter
Income (loss) on variable interest entities VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss $3.00M USD 1 Quarter
Total revenues Revenues $129.00M USD 1 Quarter
Total revenues Revenues $-70.00M USD 1 Quarter
Losses and loss expenses (benefit) IncurredClaimsFinancialGuaranteeInsuranceContracts $8.00M USD 1 Quarter
Losses and loss expenses (benefit) IncurredClaimsFinancialGuaranteeInsuranceContracts $117.00M USD 1 Quarter
Intangible amortization AmortizationOfIntangibleAssets $13.00M USD 1 Quarter
Intangible amortization AmortizationOfIntangibleAssets $19.00M USD 1 Quarter
Operating expenses OtherUnderwritingExpense $33.00M USD 1 Quarter
Operating expenses OtherUnderwritingExpense $24.00M USD 1 Quarter
Interest expense InterestExpenseDebt $63.00M USD 1 Quarter
Interest expense InterestExpenseDebt $50.00M USD 1 Quarter
Total expenses BenefitsLossesAndExpenses $217.00M USD 1 Quarter
Total expenses BenefitsLossesAndExpenses $110.00M USD 1 Quarter
Pre-tax income (loss) IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $19.00M USD 1 Quarter
Pre-tax income (loss) IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-287.00M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-7.00M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $2.00M USD 1 Quarter
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest - USD 1 Quarter
Net income (loss) ProfitLoss $17.00M USD 1 Quarter
Net income (loss) ProfitLoss $-280.00M USD 1 Quarter
Net income (loss) attributable to common stockholders NetIncomeLoss $-280.00M USD 1 Quarter
Net income (loss) attributable to common stockholders NetIncomeLoss $17.00M USD 1 Quarter
Net income (loss) ProfitLoss $17.00M USD 1 Quarter
Net income (loss) ProfitLoss $-280.00M USD 1 Quarter
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-24.00M USD 1 Quarter
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-146.00M USD 1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $6.00M USD 1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-46.00M USD 1 Quarter
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax $3.00M USD 1 Quarter
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Unrealized Gain (Loss) Arising During Period, after Tax OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax $-1.00M USD 1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $2.00M USD 1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 1 Quarter
Total other comprehensive income (loss), net of income tax OtherComprehensiveIncomeLossNetOfTax $-18.00M USD 1 Quarter
Total other comprehensive income (loss), net of income tax OtherComprehensiveIncomeLossNetOfTax $-191.00M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-470.00M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-1.00M USD 1 Quarter
Total comprehensive income (loss) attributable to common stockholders ComprehensiveIncomeNetOfTax $-2.00M USD 1 Quarter
Total comprehensive income (loss) attributable to common stockholders ComprehensiveIncomeNetOfTax $-470.00M USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest - USD 1 Quarter
Earnings Per Share, Basic EarningsPerShareBasic $-6.07 USD 1 Quarter
Earnings Per Share, Basic EarningsPerShareBasic $0.08 USD 1 Quarter
Earnings Per Share, Diluted EarningsPerShareDiluted $-6.07 USD 1 Quarter
Earnings Per Share, Diluted EarningsPerShareDiluted $0.08 USD 1 Quarter
Weighted Average Number of Shares Outstanding, Basic WeightedAverageNumberOfSharesOutstandingBasic 46.31M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Basic WeightedAverageNumberOfSharesOutstandingBasic 46.06M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Diluted WeightedAverageNumberOfDilutedSharesOutstanding 46.06M shares 1 Quarter
Weighted Average Number of Shares Outstanding, Diluted WeightedAverageNumberOfDilutedSharesOutstanding 46.86M shares 1 Quarter
Cash Flow Statement 76 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $17.00M USD 1 Quarter
Net income (loss) ProfitLoss $-280.00M USD 1 Quarter
Amortization of bond premium and discount AccretionAmortizationOfDiscountsAndPremiumsInvestments $4.00M USD 1 Quarter
Amortization of bond premium and discount AccretionAmortizationOfDiscountsAndPremiumsInvestments $3.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $4.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $3.00M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $6.00M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $3.00M USD 1 Quarter
Current income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-5.00M USD 1 Quarter
Current income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-3.00M USD 1 Quarter
Unearned premiums, net IncreaseDecreaseInUnearnedPremiums $-22.00M USD 1 Quarter
Unearned premiums, net IncreaseDecreaseInUnearnedPremiums $-7.00M USD 1 Quarter
Losses and loss expenses, net IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve $17.00M USD 1 Quarter
Losses and loss expenses, net IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve $-77.00M USD 1 Quarter
Ceded premiums payable IncreaseDecreaseInReinsurancePayables $-2.00M USD 1 Quarter
Ceded premiums payable IncreaseDecreaseInReinsurancePayables $-1.00M USD 1 Quarter
Premium receivables IncreaseDecreaseInPremiumsReceivable $-14.00M USD 1 Quarter
Premium receivables IncreaseDecreaseInPremiumsReceivable $-13.00M USD 1 Quarter
Accrued interest payable IncreaseDecreaseInInterestPayableNet $23.00M USD 1 Quarter
Accrued interest payable IncreaseDecreaseInInterestPayableNet $23.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $13.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $19.00M USD 1 Quarter
Net realized investment gains RealizedInvestmentGainsLosses $2.00M USD 1 Quarter
Net realized investment gains RealizedInvestmentGainsLosses $8.00M USD 1 Quarter
Net realized gains (losses) on extinguishment of debt GainsLossesOnExtinguishmentOfDebt $33.00M USD 1 Quarter
Variable interest entity activities VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss - USD 1 Quarter
Variable interest entity activities VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss $3.00M USD 1 Quarter
Derivative assets and liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities $22.00M USD 1 Quarter
Derivative assets and liabilities IncreaseDecreaseInDerivativeAssetsAndLiabilities $-32.00M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $-64.00M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $10.00M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-40.00M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-87.00M USD 1 Quarter
Proceeds from sales of bonds ProceedsFromSaleOfAvailableForSaleSecurities $221.00M USD 1 Quarter
Proceeds from sales of bonds ProceedsFromSaleOfAvailableForSaleSecurities $44.00M USD 1 Quarter
Proceeds from matured bonds ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $39.00M USD 1 Quarter
Proceeds from matured bonds ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $49.00M USD 1 Quarter
Purchases of bonds PaymentsToAcquireAvailableForSaleSecurities $150.00M USD 1 Quarter
Purchases of bonds PaymentsToAcquireAvailableForSaleSecurities $128.00M USD 1 Quarter
Proceeds from sales of other invested assets ProceedsFromSaleAndMaturityOfOtherInvestments $243.00M USD 1 Quarter
Proceeds from sales of other invested assets ProceedsFromSaleAndMaturityOfOtherInvestments $48.00M USD 1 Quarter
Purchases of other invested assets PaymentsToAcquireOtherInvestments $195.00M USD 1 Quarter
Purchases of other invested assets PaymentsToAcquireOtherInvestments $41.00M USD 1 Quarter
Change in short-term investments PaymentsForProceedsFromShortTermInvestments $-67.00M USD 1 Quarter
Change in short-term investments PaymentsForProceedsFromShortTermInvestments $-94.00M USD 1 Quarter
Change in cash collateral receivable IncreaseDecreaseCashCollateralFromCounterparties $11.00M USD 1 Quarter
Change in cash collateral receivable IncreaseDecreaseCashCollateralFromCounterparties $-56.00M USD 1 Quarter
Proceeds from paydowns of consolidated VIE assets ProceedsFromFinancialGuarantyVariableInterestEntityAssets $66.00M USD 1 Quarter
Proceeds from paydowns of consolidated VIE assets ProceedsFromFinancialGuarantyVariableInterestEntityAssets $50.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $1.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $1.00M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $116.00M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $244.00M USD 1 Quarter
Paydowns of Ambac note PaydownofAmbacNote $77.00M USD 1 Quarter
Paydowns of Ambac note PaydownofAmbacNote $16.00M USD 1 Quarter
Tax payments related to shares withheld for share-based compensation plans PaymentsRelatedToTaxWithholdingForShareBasedCompensation $6.00M USD 1 Quarter
Tax payments related to shares withheld for share-based compensation plans PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.00M USD 1 Quarter
Payments of consolidated VIE liabilities PaydownofFinancialGuarantyVariableInterestEntityLiabilities $48.00M USD 1 Quarter
Payments of consolidated VIE liabilities PaydownofFinancialGuarantyVariableInterestEntityLiabilities $66.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-146.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-69.00M USD 1 Quarter
Effect of foreign exchange on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashAndCashEquivalents - USD 1 Quarter
Effect of foreign exchange on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashAndCashEquivalents - USD 1 Quarter
Net cash flow CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $6.00M USD 1 Quarter
Net cash flow CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $10.00M USD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $81.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $35.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $42.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $91.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $81.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $35.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $42.00M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $91.00M USD Point-in-time
Net income attributable to common shareholders NetIncomeLoss $-280.00M USD 1 Quarter
Net income attributable to common shareholders NetIncomeLoss $17.00M USD 1 Quarter
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest NetIncomeLossAttributableToNonredeemableNoncontrollingInterest - USD 1 Quarter
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.14B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.12B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.54B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.06B USD Point-in-time
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $-2.00M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $-470.00M USD 1 Quarter
Stock-based compensation AllocatedShareBasedCompensationExpense $4.00M USD 1 Quarter
Stock-based compensation AllocatedShareBasedCompensationExpense $3.00M USD 1 Quarter
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture StockIssuedDuringPeriodValueShareBasedCompensation $-6.00M USD 1 Quarter
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture StockIssuedDuringPeriodValueShareBasedCompensation $-3.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.14B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.12B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.54B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.06B USD Point-in-time
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-191.00M USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-18.00M USD 1 Quarter
Noncontrolling Interest, Change in Redemption Value MinorityInterestChangeInRedemptionValue $-13.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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