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Consolidated Balance Sheets - Successor [Member] - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets:    
Fixed income securities, available for sale, at fair value (amortized cost: 2016—$5,539,759 and 2015—$4,992,756) $ 5,650,261 $ 5,043,776
Fixed income securities pledged as collateral, available for sale, at fair value (amortized cost: 2016—$64,667 and 2015—$64,612) 64,918 64,555
Short-term investments, available for sale, at fair value (amortized cost: 2016—$436,759 and 2015—$225,789) 436,760 225,789
Other investments (includes 2016—$294,376 and 2015—$285,261 at fair value) 320,847 310,600
Total investments 6,472,786 5,644,720
Cash and cash equivalents 29,142 35,744
Receivable for securities 10,196 44,030
Investment income due and accrued 25,386 25,264
Premium receivables 782,078 831,575
Reinsurance recoverable on paid and unpaid losses 27,316 43,999
Deferred ceded premium 86,502 96,758
Subrogation recoverable 660,471 1,229,293
Loans 5,109 5,206
Derivative assets 97,559 84,995
Insurance intangible asset 1,149,966 1,212,112
Other assets 221,206 185,877
Total assets 23,718,591 23,728,070
Liabilities:    
Unearned premiums 1,192,796 1,280,282
Loss and loss expense reserves 4,303,547 4,088,106
Ceded premiums payable 47,338 53,494
Obligations under investment agreements 100,358 100,358
Deferred Tax Liabilities, Net 1,759 2,205
Current taxes 3,372 5,835
Long-term debt 1,115,284 1,124,950
Accrued interest payable 371,688 355,536
Derivative liabilities 408,331 353,358
Other liabilities 68,693 61,134
Payable for securities purchased 16,760 84,690
Total liabilities 21,706,960 21,769,724
Stockholders’ equity:    
Preferred stock, par value $0.01 per share; 20,000,000 shares authorized; issued and outstanding shares—none 0 0
Common stock, par value $0.01 per share; 130,000,000 shares authorized; issued and outstanding shares: 0 and 45,044,222 450 450
Additional paid-in capital 191,895 190,813
Accumulated other comprehensive income 58,012 15,215
Accumulated earnings 1,494,181 1,478,439
Treasury stock, shares at cost: 0 and 8,202 (12) (118)
Total Ambac Financial Group, Inc. stockholders’ equity 1,744,526 1,684,799
Noncontrolling interest 267,105 273,547
Total stockholders’ equity 2,011,631 1,958,346
Total liabilities and stockholders’ equity 23,718,591 23,728,070
Deferred Income Tax Liabilities, Net 1,759 2,205
Variable Interest Entity [Member]    
Assets:    
Fixed income securities, available for sale, at fair value (amortized cost: 2016—$5,539,759 and 2015—$4,992,756) 2,622,724 2,588,556
Restricted Cash and Cash Equivalents 5,642 5,822
Investment income due and accrued 3,689 1,213
Loans Receivable, Net 11,516,242 11,690,324
Other assets 2,577 2,582
Liabilities:    
Long-term debt 11,998,561 12,327,960
Accrued interest payable 3,474 3,230
Derivative liabilities 2,074,807 1,928,403
Other liabilities $ 192 $ 183