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Consolidated Statements of Total Comprehensive Income - Successor [Member] - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Net premiums earned $ 52,800 $ 65,718
Net investment income:    
Securities available-for-sale and short-term 57,982 63,332
Other investments 2,839 9,651
Total net investment income 60,821 72,983
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities 48,070 10,361
Other-than-temporary impairment losses:    
Portion of other-than-temporary impairment recognized in other comprehensive income 38,736 7,242
Net other-than-temporary impairments (9,334) (3,119)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 1,102 54,101
Gain (Loss) on Sale of Derivatives 252 419
Change in fair value of credit derivatives:    
Unrealized gains (losses) 12,614 (2,918)
Net change in fair value of credit derivatives 12,866 (2,499)
Derivative products (83,424) (37,774)
Net realized gains (losses) on extinguishment of debt 1,235 (93)
Other Operating Income (Expense), Net 7,999 (788)
Income (loss) on variable interest entities (27,163) 6,962
Total revenues 16,902 155,491
Expenses:    
Losses and loss expense (benefit) (105,281) (150,952)
Insurance intangible amortization 50,890 37,432
Operating expenses 28,009 24,523
Interest expense 30,430 27,908
Total expenses (benefit) 4,048 (61,089)
Pre-tax income 12,854 216,580
Provision for income taxes 3,439 1,709
Net income 9,415 214,871
Less: net (gain) loss attributable to noncontrolling interest 0 160
Net income attributable to common stockholders 9,415 214,711
Other comprehensive income, after tax:    
Net income 9,415 214,871
Unrealized gains (losses) on securities, net of deferred income taxes of $0 59,791 (17,448)
Gains (losses) on foreign currency translation, net of deferred income taxes of $0 (17,781) (33,805)
Changes to postretirement benefit, net of tax of $0 787 (27)
Total other comprehensive income (loss), net of tax 42,797 (51,280)
Total comprehensive income 52,212 163,591
Less: comprehensive (loss) gain attributable to the noncontrolling interest:    
Net (gain) loss 0 160
Currency translation adjustments 0 (326)
Total comprehensive income attributable to Ambac Financial Group, Inc. $ 52,212 $ 163,757
Net income per share attributable to Ambac Financial Group, Inc. common stockholders $ 0.21 $ 4.75
Basic $ 0.21 $ 4.57