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Ambac Assurance Corporation ASSETS Current Statement Date 4 1 2 3 Net Admitted December 31 Nonadmitted Assets Prior Year Net Assets Assets (Cols

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Ambac Assurance Corporation ASSETS Current Statement Date 4 1 2 3 Net Admitted December 31 Nonadmitted Assets Prior Year Net Assets Assets (Cols PROPERTY AND CASUALTY COMPANIES - ASSOCIATION EDITION 11111 11111 1 11111111 11 II II 11111111 1111111 18 08 11 12 0 1 0 0 1 0 2 * QUARTERLY STATEMENT As of June 30, 2018 of the Condition and Affairs of the Ambac Assurance Corporation NAIC Group Code 1248, 1248 NAIC Company Code 18708 Employer's ID Number 39-1135174 (Current Period) (Prior Period) Organized under the Laws of WI State of Domicile or Port of Entry WI Country of Domicile US Incorporated/Organized February 25, 1970 Commenced Business . March 16, 1970 Statutory Home Office c/o Dewitt Ross & Stevens S.C., 2 East Mifflin Street, Suite 600 Madison, WI US 53703 (Street and Number) (City or Town, State, Country and Zip Code) Main Administrative Office One State Street Plaza New York, NY US 10004 212-658-7470 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Mail Address One State Street Plaza New York, NY US 10004 (Street and Number or P. 0. Box) (City or Town, State, Country and Zip Code) Primary Location of Books and Records One State Street Plaza New York, NY US 10004 212-658-7470 (Street and Number) (City or Town, State, Country and Zip Code) (Area Code) (Telephone Number) Internet Web Site Address http://www.ambac.com Statutory Statement Contact Stephen Michael Ksenak 212-658-7470 (Name) (Area Code) (Telephone Number) (Extension) mailto:SKsenakQambac.com 212-208-3558 (E-Mail Address) (Fax Number) OFFICERS Name Title Name Title 1 . Claude LeBlanc President and Chief Executive Officer 2. David Trick Executive Vice President, Chief Financial Officer & Treasurer 3. Stephen Michael Ksenak Senior Managing Director & General 4. Robert Bryan Eisman Senior Managing Director & Chief Accounting Counsel Officer 5. Rhonta Sharon Smith Senior Managing Director & Chief of Staff 6. David Peter Barranco Senior Managing Director 7. Michael Francis Reilly Senior Managing Director 8. William Joseph White First Vice President & Secretary DIRECTORS OR TRUSTEES Alexander David Greene Ian David Haft David Lawrence Herzog Claude LeBlanc Claude James Prieur Jeffrey Scott Stein Joan Marie Lamm-Tennant # State of New York County of New York The officers of this reporting entity being duly sworn, each depose and say that they are the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an exact copy of the enclosed statement (except for formatting differences due to electronic filing). The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement. (Signature) (Signature) Claude LeBlanc William Joseph White David Trick 1. (Printed Name) 2. (Printed Name) 3. (Printed Name) President (Chief Executive Officer) Secretary (First Vice President) Executive Vice President (Chief Financial Officer & Treasurer) (Title) (Title) (Title) Subscribed and sworn to before me a. Is this an original filing? Yes [ X ] No[} This 8th, day of August, 2018 b. If no: 1. State the amendment number 2. Date filed J 3. Number of pages attached r- JAMILAH T. COLES Notary Public, State of New York No. 01C06169406 Qualified in Pangs County Commission Expires June 25. 20 Statement for June 30, 2018 of the Ambac Assurance Corporation ASSETS Current Statement Date 4 1 2 3 Net Admitted December 31 Nonadmitted Assets Prior Year Net Assets Assets (Cols. 1 - 2) Admitted Assets 1. Bonds....................................................................................................................................... ................596,624,519 ..................................... ................596,624,519 ................837,996,158 2. Stocks: 2.1 Preferred stocks............................................................................................................. ..................................... ..................................... ..................................0 ..................................... 2.2 Common stocks.............................................................................................................. ................625,502,171 ................389,798,532 ................235,703,639 ................233,478,875 3. Mortgage loans on real estate: 3.1 First liens........................................................................................................................ ..................................... ..................................... ..................................0 ..................................... 3.2 Other than first liens....................................................................................................... ..................................... ..................................... ..................................0 ..................................... 4. Real estate: 4.1 Properties occupied by the company (less $..........0 encumbrances)............................................................................................................... ..................................... ..................................... ..................................0 ..................................... 4.2 Properties held for the production of income (less $..........0 encumbrances)............................................................................................................... ..................................... ..................................... ..................................0 ..................................... 4.3 Properties held for sale (less $..........0 encumbrances)................................................. ..................................... ..................................... ..................................0 ..................................... 5. Cash ($.....582,026), cash equivalents ($.....228,757,668) and short-term investments ($.....87,590,921)......................................................................... ................316,930,615 ..................................... ................316,930,615 .............1,133,945,257 6. Contract loans (including $..........0 premium notes)................................................................. ..................................... ..................................... ..................................0 ..................................... 7. Derivatives................................................................................................................................ ..................................... ..................................... ..................................0 ..................................... 8. Other invested assets............................................................................................................... ..................38,437,158 ..................17,585,497 ..................20,851,661 ..................15,929,254 9. Receivables for securities........................................................................................................ ..................53,120,652 ..................................... ..................53,120,652 .......................527,407 10. Securities lending reinvested collateral assets......................................................................... ..................................... ..................................... ..................................0 ..................................... 11. Aggregate write-ins for invested assets................................................................................... .............2,148,070,662 ..................................0 .............2,148,070,662 .............3,205,316,817 12. Subtotals, cash and invested assets (Lines 1 to 11)................................................................ .............3,778,685,777 ................407,384,029 .............3,371,301,748 .............5,427,193,768 13. Title plants less $..........0 charged off (for Title insurers only).................................................. ..................................... ..................................... ..................................0 ..................................... 14. Investment income due and accrued....................................................................................... ....................7,764,006 ..................................... ....................7,764,006 ..................11,324,022 15. Premiums and considerations: 15.1 Uncollected premiums and agents' balances in the course of collection....................... .........................17,786
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