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Consolidated Balance Sheets (Successor [Member], USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Assets:    
Fixed income securities, at fair value (amortized cost: 2015—$4,672,886 and 2014—$4,514,878) $ 4,865,750us-gaap_AvailableForSaleSecuritiesDebtSecurities $ 4,725,686us-gaap_AvailableForSaleSecuritiesDebtSecurities
Fixed income securities pledged as collateral, at fair value (amortized cost: 2015—$64,432 and 2014—$64,378) 64,813us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral 64,267us-gaap_AvailableForSaleSecuritiesPledgedAsCollateral
Short-term investments, at fair value (amortized cost: 2015—$220,980 and 2014—$360,069) 220,980us-gaap_OtherShortTermInvestments 360,065us-gaap_OtherShortTermInvestments
Other investments (includes 2015—$310,578 and 2014—$336,013 at fair value) 332,609us-gaap_OtherInvestmentsAndSecuritiesAtCost 357,016us-gaap_OtherInvestmentsAndSecuritiesAtCost
Total investments 5,484,152us-gaap_Investments 5,507,034us-gaap_Investments
Cash and cash equivalents 26,641us-gaap_CashAndCashEquivalentsAtCarryingValue 73,903us-gaap_CashAndCashEquivalentsAtCarryingValue
Receivable for securities 8,779us-gaap_OtherReceivables 23,660us-gaap_OtherReceivables
Investment income due and accrued 24,994us-gaap_AccruedInvestmentIncomeReceivable 25,015us-gaap_AccruedInvestmentIncomeReceivable
Premium receivables 951,999us-gaap_PremiumsReceivableAtCarryingValue 1,000,607us-gaap_PremiumsReceivableAtCarryingValue
Reinsurance recoverable on paid and unpaid losses 79,308us-gaap_ReinsuranceRecoverables 99,838us-gaap_ReinsuranceRecoverables
Deferred ceded premium 117,688us-gaap_PrepaidReinsurancePremiums 123,276us-gaap_PrepaidReinsurancePremiums
Subrogation recoverable 984,129us-gaap_SalvageAndSubrogationRecoveriesValue 953,274us-gaap_SalvageAndSubrogationRecoveriesValue
Loans 5,494us-gaap_NotesReceivableNet 5,714us-gaap_NotesReceivableNet
Derivative assets 113,622us-gaap_DerivativeAssets 109,017us-gaap_DerivativeAssets
Insurance intangible asset 1,347,295us-gaap_IntangibleAssetsNetExcludingGoodwill 1,410,920us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 514,511us-gaap_Goodwill 514,511us-gaap_Goodwill
Other assets 221,252us-gaap_OtherAssets 186,985us-gaap_OtherAssets
Total assets 25,386,610us-gaap_Assets 25,159,864us-gaap_Assets
Liabilities:    
Unearned premiums 1,583,615us-gaap_UnearnedPremiums 1,673,785us-gaap_UnearnedPremiums
Loss and loss expense reserves 4,475,991us-gaap_LiabilityNetForClaimsAndClaimsAdjustmentExpenseFinancialGuaranteeInsuranceContracts 4,752,007us-gaap_LiabilityNetForClaimsAndClaimsAdjustmentExpenseFinancialGuaranteeInsuranceContracts
Ceded premiums payable 59,268us-gaap_ReinsurancePayable 60,436us-gaap_ReinsurancePayable
Obligations under investment agreements 111,967us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements 160,079us-gaap_BorrowingsUnderGuaranteedInvestmentAgreements
Deferred taxes 1,905us-gaap_DeferredTaxAndOtherLiabilitiesNoncurrent 2,079us-gaap_DeferredTaxAndOtherLiabilitiesNoncurrent
Current taxes 2,333us-gaap_AccruedIncomeTaxesCurrent 5,701us-gaap_AccruedIncomeTaxesCurrent
Long-term debt 979,001us-gaap_LongTermDebt 971,116us-gaap_LongTermDebt
Accrued interest payable 322,408us-gaap_InterestPayableCurrentAndNoncurrent 304,139us-gaap_InterestPayableCurrentAndNoncurrent
Derivative liabilities 447,356us-gaap_DerivativeLiabilities 406,944us-gaap_DerivativeLiabilities
Other liabilities 56,914us-gaap_OtherLiabilities 63,396us-gaap_OtherLiabilities
Payable for securities purchased 34,559us-gaap_InvestmentRelatedLiabilities 762us-gaap_InvestmentRelatedLiabilities
Total liabilities 23,548,889us-gaap_Liabilities 23,486,129us-gaap_Liabilities
Stockholders’ equity:    
Preferred stock, par value $0.01 per share; 20,000,000 shares authorized; issued and outstanding shares—none 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, par value $0.01 per share; 130,000,000 shares authorized; issued and outstanding shares: 2015—45,006,057; 2014—45,005,932 450us-gaap_CommonStockValue 450us-gaap_CommonStockValue
Additional paid-in capital 189,533us-gaap_AdditionalPaidInCapital 189,138us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive income 169,329us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 220,283us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Accumulated earnings 1,204,001us-gaap_RetainedEarningsAccumulatedDeficit 989,290us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, shares at cost: 2015—2,459; 2014—2,459 (56)us-gaap_TreasuryStockValue (56)us-gaap_TreasuryStockValue
Total Ambac Financial Group, Inc. stockholders’ equity 1,563,257us-gaap_StockholdersEquity 1,399,105us-gaap_StockholdersEquity
Noncontrolling interest 274,464us-gaap_MinorityInterest 274,630us-gaap_MinorityInterest
Total stockholders’ equity 1,837,721us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,673,735us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and stockholders’ equity 25,386,610us-gaap_LiabilitiesAndStockholdersEquity 25,159,864us-gaap_LiabilitiesAndStockholdersEquity
Variable Interest Entity [Member]
   
Variable interest entity assets:    
Fixed income securities, at fair value 2,704,657ambc_VIEAvailableForSaleSecuritiesDebtSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
2,743,050ambc_VIEAvailableForSaleSecuritiesDebtSecurities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Restricted cash 6,219ambc_VIERestrictedCashAndCashEquivalents
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
7,708ambc_VIERestrictedCashAndCashEquivalents
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Investment income due and accrued 3,783ambc_VIEAccruedInvestmentIncomeReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
1,284ambc_VIEAccruedInvestmentIncomeReceivable
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Loans, at fair value 12,789,201ambc_VIELoansReceivableNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
12,371,177ambc_VIELoansReceivableNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Other assets 2,886ambc_VIEOtherAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
2,891ambc_VIEOtherAssets
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Variable interest entity liabilities:    
Accrued interest payable 5,768ambc_VIEInterestPayableCurrentAndNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
3,268ambc_VIEInterestPayableCurrentAndNoncurrent
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Long-term debt, at fair value 13,341,902ambc_VIELongTermDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
12,882,076ambc_VIELongTermDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Derivative liabilities 2,125,713ambc_VIEDerivativeLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
2,200,163ambc_VIEDerivativeLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Other liabilities $ 189ambc_VIEOtherLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
$ 178ambc_VIEOtherLiabilities
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
/ us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis
= us-gaap_VariableInterestEntityPrimaryBeneficiaryMember