AMBAC FINANCIAL GROUP INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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Schedule I—Summary of Investment
SCHEDULE I
Summary of Investments
Other Than Investments in Related Parties
December 31, 2023
| Type of Investment($ in millions) | Cost | EstimatedFair Value | Amount at WhichShown in theBalance Sheet |
|---|---|---|---|
| Municipal obligations | $72 | $72 | $72 |
| Corporate obligations | 785 | 745 | 745 |
| Foreign obligations | 105 | 100 | 100 |
| U.S. government obligations | 85 | 82 | 82 |
| Residential mortgage-backed securities | 239 | 250 | 250 |
| Commercial mortgage-backed securities | 19 | 19 | 19 |
| Collateralized debt obligations | 139 | 139 | 139 |
| Other asset-backed securities | 301 | 303 | 303 |
| Short-term | 452 | 452 | 452 |
| Fixed income - trading | 24 | 27 | 27 |
| Other(1) | 432 | 463 | 475 |
| Total | $2,652 | $2,652 | $2,664 |
(1) Excluded from the estimated fair value amount are equity securities with a carrying value of $13 as of December 31, 2023, that do not have readily determinable fair values and are carried on the balance sheet at cost, less impairment, and adjusted to fair value when observable price changes in identical or similar investments from the same issuer occur, as permitted under the Investments — Equity Securities Topic of the ASC
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