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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Assets:      
Fixed income securities, at fair value (amortized cost of $5,868,458 in 2014 and $5,927,254 in 2013) $ 6,100,431   $ 5,885,316
Fixed income securities pledged as collateral, at fair value (amortized cost of $65,027 in 2014 and $126,196 in 2013) 65,029   126,223
Short-term investments, at fair value (amortized cost of $344,187 in 2014 and $271,118 in 2013) 344,187   271,119
Other investments, at fair value 256,455   241,069
Total investments 6,766,102   6,523,727
Cash and Cash Equivalents, at Carrying Value 74,461   77,370
Receivable for securities 31,107   14,450
Investment income due and accrued 34,518   37,663
Premium receivables 1,356,362   1,453,021
Reinsurance recoverable on paid and unpaid losses 109,255   121,249
Deferred ceded premium 134,278   145,529
Subrogation recoverable 484,152   498,478
Loans 6,349   6,179
Derivative assets 89,680   77,711
Insurance intangible asset 1,549,384   1,597,965
Goodwill 514,511   514,511
Other assets 127,898   35,927
Variable interest entity assets:      
Fixed income securities, at fair value 6,100,431   5,885,316
Investment income due and accrued 34,518   37,663
Other assets 127,898   35,927
Total assets 27,723,353   27,092,477
Liabilities:      
Unearned premiums 2,070,312   2,255,680
Loss and loss expense reserves 6,072,323   5,968,712
Ceded premiums payable 64,740   70,962
Obligations under investment agreements 169,582   359,070
Deferred taxes 2,314   2,199
Current taxes 0   738
Long-term debt 981,424   963,178
Accrued interest payable 339,975   294,817
Derivative liabilities 342,273   253,898
Other liabilities 60,086   67,377
Payable for securities purchased 15,358   4,654
Variable interest entity liabilities:      
Accrued interest payable 339,975   294,817
Long-term debt, at fair value 981,424   963,178
Derivative liabilities 342,273   253,898
Other liabilities 60,086   67,377
Total liabilities 26,499,822   26,114,055
Stockholders’ equity:      
Preferred stock, par value $0.01 per share; authorized shares—20,000,000; issued and outstanding shares—none 0   0
Common stock, par value $0.01 per share; authorized shares—130,000,000; issued and outstanding shares—45,003,512 at June 30, 2014 and 45,003,461 at December 31, 2013 450   450
Additional paid-in capital 188,060   185,672
Accumulated other comprehensive income 306,328   11,661
Accumulated earnings 453,256   505,219
Common stock held in treasury at cost, 937 shares at June 30, 2014 and December 31, 2013 (19)   (19)
Total Ambac Financial Group, Inc. stockholders’ equity 948,075   702,983
Noncontrolling interest 275,456   275,439
Total stockholders’ equity 1,223,531   978,422
Total liabilities and stockholders’ equity 27,723,353   27,092,477
Variable Interest Entity [Member]
     
Assets:      
Fixed income securities, at fair value (amortized cost of $5,868,458 in 2014 and $5,927,254 in 2013) 2,688,388   2,475,182
Investment income due and accrued 1,409   1,365
Other assets 3,068   19,617
Variable interest entity assets:      
Fixed income securities, at fair value 2,688,388   2,475,182
Restricted cash 7,712   17,498
Investment income due and accrued 1,409   1,365
Loans, at fair value 13,743,231   13,398,895
Intangible assets 0   76,140
Other assets 3,068   19,617
Liabilities:      
Long-term debt 14,450,434   14,091,753
Accrued interest payable 3,353   722
Derivative liabilities 1,927,460   1,772,306
Other liabilities 188   7,989
Variable interest entity liabilities:      
Accrued interest payable 3,353   722
Long-term debt, at fair value 14,450,434   14,091,753
Derivative liabilities 1,927,460   1,772,306
Other liabilities 188   7,989
Successor [Member]
     
Assets:      
Cash and Cash Equivalents, at Carrying Value 74,461   77,370
Income Taxes Receivable, Current   1,488  
Derivative assets 89,680   77,711
Variable interest entity assets:      
Total assets 27,723,353    
Liabilities:      
Derivative liabilities 342,273   253,898
Variable interest entity liabilities:      
Derivative liabilities 342,273   253,898
Stockholders’ equity:      
Accumulated other comprehensive income 306,328 104,417 11,661
Total stockholders’ equity $ 1,223,531   $ 978,422