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Consolidated Statements of Total Comprehensive Income - Successor [Member] - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Net premiums earned $ 41,402 $ 60,879 $ 94,202 $ 126,597
Net investment income:        
Securities available-for-sale and short-term 64,368 62,278 122,350 125,610
Other investments 6,390 2,475 9,229 12,126
Total net investment income 70,758 64,753 131,579 137,736
Other-than-temporary impairment losses:        
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities 18,880 1,391 66,950 11,752
Portion of other-than-temporary impairment recognized in other comprehensive income 11,439 371 50,175 7,613
Net other-than-temporary impairments (7,441) (1,020) (16,775) (4,139)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 14,897 (5,353) 15,999 48,748
Change in fair value of credit derivatives:        
Gain (Loss) on Sale of Derivatives 233 407 485 826
Unrealized gains (losses) 3,722 9,886 16,336 6,968
Net change in fair value of credit derivatives 3,955 10,293 16,821 7,794
Derivative products (36,331) 50,999 (119,755) 13,225
Net realized gains (losses) on extinguishment of debt 3,586 (1,246) 4,821 (1,339)
Other Operating Income (Expense), Net 6,919 (1,156) 14,918 (1,944)
Income (loss) on variable interest entities 8,987 52,603 (18,176) 59,565
Total revenues 106,732 230,752 123,634 386,243
Expenses:        
Losses and loss expense (benefit) (52,496) (147,477) (157,777) (298,429)
Insurance intangible amortization 39,013 38,088 89,903 75,520
Operating expenses 27,995 25,873 56,004 50,396
Interest expense 30,709 28,173 61,139 56,081
Total expenses (benefit) 45,221 (55,343) 49,269 (116,432)
Pre-tax income 61,511 286,095 74,365 502,675
Provision for income taxes 3,156 3,917 6,595 5,626
Net income 58,355 282,178 67,770 497,049
Less: net (gain) loss attributable to noncontrolling interest (292) (517) (292) (357)
Net income attributable to common stockholders 58,647 282,695 68,062 497,406
Other comprehensive income, after tax:        
Net income 58,355 282,178 67,770 497,049
Unrealized gains (losses) on securities, net of deferred income taxes of $0 48,170 (113,839) 107,961 (131,287)
Gains (losses) on foreign currency translation, net of deferred income taxes of $0 (55,152) 40,490 (72,933) 6,685
Changes to postretirement benefit, net of tax of $0 (255) (220) 532 (247)
Total other comprehensive income (loss), net of tax (7,237) (73,569) 35,560 (124,849)
Total comprehensive income 51,118 208,609 103,330 372,200
Less: comprehensive (loss) gain attributable to the noncontrolling interest:        
Net (gain) loss (292) (517) (292) (357)
Currency translation adjustments 0 398 0 72
Total comprehensive income attributable to Ambac Financial Group, Inc. $ 51,410 $ 208,728 $ 103,622 $ 372,485
Earnings Per Share, Basic $ 1.30 $ 6.26 $ 1.51 $ 11.01
Earnings Per Share, Diluted $ 1.29 $ 6.05 $ 1.50 $ 10.62