XML 118 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Total Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
8 Months Ended 12 Months Ended 4 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2014
Apr. 30, 2013
Dec. 31, 2012
Successor [Member]        
Revenues:        
Net premiums earned $ 213,518us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
$ 246,360us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Net investment income:        
Securities available-for-sale and short-term 142,866us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
292,838us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Other investments 3,580ambc_OtherInvestmentIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
8,108ambc_OtherInvestmentIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Total net investment income 146,446us-gaap_NetInvestmentIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
300,946us-gaap_NetInvestmentIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Other-than-temporary impairment losses:        
Total other-than-temporary impairment losses (47,418)ambc_OtherThanTemporaryImpairmentLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(26,632)ambc_OtherThanTemporaryImpairmentLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Portion of other -than-temporary impairment recognized in other comprehensive income 654us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
838us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Net other-than-temporary impairments (46,764)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(25,794)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Net realized investment gains 4,467ambc_NetRealizedInvestmentGainsLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
58,777ambc_NetRealizedInvestmentGainsLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Change in fair value of credit derivatives:        
Realized gains and other settlements 9,778ambc_RealizedGainsLossesAndOtherSettlements
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
3,043ambc_RealizedGainsLossesAndOtherSettlements
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Unrealized gains (losses) 183,091us-gaap_UnrealizedGainLossOnDerivatives
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
20,863us-gaap_UnrealizedGainLossOnDerivatives
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Net change in fair value of credit derivatives 192,869us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
23,906us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Derivative products 114,771us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(181,087)us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Net realized losses on extinguishment of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(74,724)us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Other income 4,364us-gaap_OtherIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
12,498us-gaap_OtherIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Income (loss) on variable interest entities (48,623)us-gaap_VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(32,212)us-gaap_VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Total revenues before expenses and reorganization items 581,048us-gaap_Revenues
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
328,670us-gaap_Revenues
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Expenses:        
Losses and loss expenses (benefit) (185,138)us-gaap_IncurredClaimsFinancialGuaranteeInsuranceContracts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(545,574)us-gaap_IncurredClaimsFinancialGuaranteeInsuranceContracts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Insurance intangible amortization 99,658us-gaap_AmortizationOfIntangibleAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
151,830us-gaap_AmortizationOfIntangibleAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Underwriting and operating expenses 68,769us-gaap_OtherUnderwritingExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
101,474us-gaap_OtherUnderwritingExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Interest expense 84,950us-gaap_InterestExpenseDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
127,476us-gaap_InterestExpenseDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Total expenses before reorganization items 68,239us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(164,794)us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Pre-tax (loss) income from continuing operations before reorganization items 512,809ambc_IncomeLossFromContinuingOperationsBeforeReorganizationItemsAndIncomeTaxes
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
493,464ambc_IncomeLossFromContinuingOperationsBeforeReorganizationItemsAndIncomeTaxes
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Reorganization items 493us-gaap_ReorganizationItems
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
211us-gaap_ReorganizationItems
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Pre-tax (loss) income from continuing operations 512,316us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
493,253us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Provision for income taxes 7,514us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
9,557us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Net income (loss) 504,802us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
483,696us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Less: net (gain) loss attributable to noncontrolling interest (417)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(375)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Net income (loss) attributable to common shareholders 505,219us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
484,071us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Other comprehensive income (loss), after tax:        
Net income (loss) 504,802us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
483,696us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Unrealized gains (losses) on securities, net of deferred income taxes of $0 (41,910)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
252,603us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Gains (losses) on foreign currency translation, net of deferred income taxes of $0 43,165us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(43,599)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Changes to postretirement benefit, net of tax of $0 10,847us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(816)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Total other comprehensive income, net of tax 12,102us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
208,188us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Total comprehensive income (loss) 516,904us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
691,884us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Less: comprehensive (loss) gain attributable to the noncontrolling interest:        
Net (gain) loss (417)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(375)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Currency translation adjustments 441us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(434)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Total comprehensive income (loss) attributable to Ambac Financial Group, Inc. 516,880us-gaap_ComprehensiveIncomeNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
692,693us-gaap_ComprehensiveIncomeNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Net income (loss) per share attributable to Ambac Financial Group, Inc. common shareholders $ 11.23us-gaap_EarningsPerShareBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
$ 10.73us-gaap_EarningsPerShareBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Net income (loss) per diluted share attributable to Ambac Financial Group, Inc. common shareholders $ 10.91us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
$ 10.31us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
   
Predecessor [Member]        
Revenues:        
Net premiums earned     130,000us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
414,604us-gaap_PremiumsEarnedNetFinancialGuaranteeInsuranceContracts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net investment income:        
Securities available-for-sale and short-term     116,371us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
382,902us-gaap_InterestAndDividendIncomeSecuritiesAvailableForSale
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other investments     369ambc_OtherInvestmentIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
0ambc_OtherInvestmentIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total net investment income     116,740us-gaap_NetInvestmentIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
382,902us-gaap_NetInvestmentIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other-than-temporary impairment losses:        
Total other-than-temporary impairment losses     (467)ambc_OtherThanTemporaryImpairmentLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(15,659)ambc_OtherThanTemporaryImpairmentLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Portion of other -than-temporary impairment recognized in other comprehensive income     0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
9,669us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net other-than-temporary impairments     (467)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(5,990)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net realized investment gains     53,305ambc_NetRealizedInvestmentGainsLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
72,101ambc_NetRealizedInvestmentGainsLosses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Change in fair value of credit derivatives:        
Realized gains and other settlements     3,444ambc_RealizedGainsLossesAndOtherSettlements
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
13,713ambc_RealizedGainsLossesAndOtherSettlements
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Unrealized gains (losses)     (63,828)us-gaap_UnrealizedGainLossOnDerivatives
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(22,932)us-gaap_UnrealizedGainLossOnDerivatives
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net change in fair value of credit derivatives     (60,384)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(9,219)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Derivative products     (33,735)us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(125,004)us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net realized losses on extinguishment of debt     0us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(177,580)us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other income     8,363us-gaap_OtherIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
106,098us-gaap_OtherIncome
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Income (loss) on variable interest entities     426,566us-gaap_VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
27,777us-gaap_VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total revenues before expenses and reorganization items     640,388us-gaap_Revenues
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
685,689us-gaap_Revenues
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Expenses:        
Losses and loss expenses (benefit)     (38,056)us-gaap_IncurredClaimsFinancialGuaranteeInsuranceContracts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
683,630us-gaap_IncurredClaimsFinancialGuaranteeInsuranceContracts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Insurance intangible amortization     0us-gaap_AmortizationOfIntangibleAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
0us-gaap_AmortizationOfIntangibleAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Underwriting and operating expenses     44,566us-gaap_OtherUnderwritingExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
139,029us-gaap_OtherUnderwritingExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Interest expense     31,025us-gaap_InterestExpenseDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
112,320us-gaap_InterestExpenseDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total expenses before reorganization items     37,535us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
934,979us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Pre-tax (loss) income from continuing operations before reorganization items     602,853ambc_IncomeLossFromContinuingOperationsBeforeReorganizationItemsAndIncomeTaxes
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(249,290)ambc_IncomeLossFromContinuingOperationsBeforeReorganizationItemsAndIncomeTaxes
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Reorganization items     (2,745,180)us-gaap_ReorganizationItems
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
7,215us-gaap_ReorganizationItems
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Pre-tax (loss) income from continuing operations     3,348,033us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(256,505)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Provision for income taxes     755us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
2,849us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net income (loss)     3,347,278us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(259,354)us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Less: net (gain) loss attributable to noncontrolling interest     (1,771)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(2,676)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net income (loss) attributable to common shareholders     3,349,049us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(256,678)us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other comprehensive income (loss), after tax:        
Net income (loss)     3,347,278us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(259,354)us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Unrealized gains (losses) on securities, net of deferred income taxes of $0     175,347us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
166,252us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Gains (losses) on foreign currency translation, net of deferred income taxes of $0     (428)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(540)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Changes to postretirement benefit, net of tax of $0     185us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(3,792)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total other comprehensive income, net of tax     175,104us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
161,920us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total comprehensive income (loss)     3,522,382us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(97,434)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Less: comprehensive (loss) gain attributable to the noncontrolling interest:        
Net (gain) loss     (1,771)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(2,676)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Currency translation adjustments     229us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(206)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total comprehensive income (loss) attributable to Ambac Financial Group, Inc.     $ 3,523,924us-gaap_ComprehensiveIncomeNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
$ (94,552)us-gaap_ComprehensiveIncomeNetOfTax
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net income (loss) per share attributable to Ambac Financial Group, Inc. common shareholders     $ 11.07us-gaap_EarningsPerShareBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
$ (0.85)us-gaap_EarningsPerShareBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net income (loss) per diluted share attributable to Ambac Financial Group, Inc. common shareholders     $ 11.07us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
$ (0.85)us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember