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Comprehensive Income
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Comprehensive Income
COMPREHENSIVE INCOME
The following tables detail the changes in the balances of each component of accumulated other comprehensive income for the affected periods:
 
Unrealized Gains (Losses)
on Available-for-Sale Securities (1)
 
 
 
Gain (Loss) on
Foreign Currency Translation (1)
 
 
 
 
Changes to Postretirement Benefit (1)
 
 
Total
Successor Ambac
Three months ended March 31, 2014
 
Three months ended March 31, 2014
 
Three months ended March 31, 2014
 
Three months ended March 31, 2014
Beginning Balance
$
(41,910
)
 
$
10,847

 
$
42,724

 
$
11,661

Other comprehensive income before reclassifications
94,622

 
—

 
4,238

 
98,860

Amounts reclassified from accumulated other comprehensive income
(5,900
)
 
(204
)
 
—

 
(6,104
)
Net current period other comprehensive income
88,722

 
(204
)
 
4,238

 
92,756

Balance at March 31, 2014
$
46,812

 
$
10,643

 
$
46,962

 
$
104,417

 

 
Unrealized Gains (Losses)
on Available-for-Sale Securities (1)
 
Changes to Postretirement Benefit (1)
 
Gain (Loss) on
Foreign Currency Translation (1)
 
 
 
 
 
 
Total
Predecessor Ambac
Three months ended
March 31, 2013
 
Three months ended
March 31, 2013
 
Three months ended
March 31, 2013
 
Three months ended
March 31, 2013
Beginning Balance
$
651,272

 
$
(5,860
)
 
$
(20,027
)
 
$
625,385

Other comprehensive income before reclassifications
100,180

 
—

 
(220
)
 
99,960

Amounts reclassified from accumulated other comprehensive income
(6,082
)
 
808

 
—

 
(5,274
)
Net current period other comprehensive income
94,098

 
808

 
(220
)
 
94,686

Balance at March 31, 2013
$
745,370

 
$
(5,052
)
 
$
(20,247
)
 
$
720,071


 (1) All amounts are net of tax and noncontrolling interest. Amounts in parentheses indicate debits.
The following table details the significant amounts reclassified from each component of accumulated other comprehensive income for the affected periods:
 
 
Amount Reclassified from Accumulated
Other Comprehensive Income (1)
 
 
Details about Accumulated Other Comprehensive
Income Components
 
Successor Ambac –
 
 
Predecessor Ambac –
 
Affected Line Item in the
Consolidated
Statement of Total
Comprehensive Income
 
Three months ended March 31, 2014
 
 
Three months ended
March 31,  2013
 
Unrealized Gains (Losses) on Available-for-Sale Securities
 
 
 
 
 
 
 

 
$
(5,900
)
 
 
$
(6,082
)
 
Net realized investment gains

 
—

 
 
—

 
Tax (expense) benefit

 
$
(5,900
)
 
 
$
(6,082
)
 
Net of tax and noncontrolling interest 
Amortization of Postretirement Benefit
 
 
 
 
 
 

Prior service cost
 
$
(166
)
 
 
$
1,707

 
Underwriting and operating expenses (2)
Actuarial gains (losses)
 
(38
)
 
 
(899
)
 
Underwriting and operating expenses (2)

 
(204
)
 
 
808

 
Total before tax

 
—

 
 
—

 
Tax (expense) benefit

 
$
(204
)
 
 
$
808

 
Net of tax and noncontrolling interest 
Total reclassifications for the period
 
$
(6,104
)
 
 
$
(5,274
)
 
Net of tax and noncontrolling interest 
 
(1)
Amounts in parentheses indicate debits to the Consolidated Statement of Comprehensive Income.
(2)
These accumulated other comprehensive income components are included in the computation of net periodic benefit cost.