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Consolidated Statements of Total Comprehensive Income - Successor [Member] - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Net premiums earned $ 52,989 $ 53,218 $ 143,754 $ 147,420
Net investment income:        
Securities available-for-sale and short-term 80,999 79,530 235,092 201,880
Other investments 6,178 11,387 18,804 20,616
Total net investment income 87,177 90,917 253,896 222,496
Other-than-temporary impairment losses:        
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities (25,664) (15,906) (48,581) (82,856)
Portion of other-than-temporary impairment recognized in other comprehensive income 12,154 13,053 29,366 63,228
Net other-than-temporary impairments (13,510) (2,853) (19,215) (19,628)
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments 6,150 11,749 5,434 27,748
Change in fair value of credit derivatives:        
Gain (Loss) on Sale of Derivatives 134 226 1,467 711
Unrealized gains (losses) 45 1,507 6,388 17,843
Net change in fair value of credit derivatives 179 1,733 7,855 18,554
Net gains (losses) on interest rate derivatives 3,984 (14,510) 36,538 (134,265)
Net realized gains (losses) on extinguishment of debt 0 24 4,920 4,845
Other Operating Income (Expense), Net 46 2,693 427 17,611
Income (loss) on variable interest entities (4,049) 2,057 (1,567) (16,119)
Total revenues 132,966 145,028 432,042 268,662
Expenses:        
Losses and loss expenses (benefit) 209,806 (69,204) 410,917 (226,981)
Insurance intangible amortization 45,690 44,553 116,686 134,456
Operating expenses 33,791 21,466 92,822 77,470
Interest expense 29,145 31,493 88,951 92,632
Total expenses 318,432 28,308 709,376 77,577
Pre-tax income (loss) (185,466) 116,720 (277,334) 191,085
Provision for income taxes 5,439 15,282 31,902 21,877
Net income (loss) (190,905) 101,438 (309,236) 169,208
Less: net gain (loss) attributable to noncontrolling interest 0 (36) 0 (328)
Net income (loss) attributable to common shareholders (190,905) 101,474 (309,236) 169,536
Other comprehensive income (loss), after tax:        
Net income (loss) (190,905) 101,438 (309,236) 169,208
Unrealized gains (losses) on securities, net of deferred income taxes of $0 (434) 24,719 33,550 132,680
Gains (losses) on foreign currency translation, net of deferred income taxes of $0 24,624 (13,323) 66,509 (86,256)
Changes to postretirement benefit, net of tax of $0 (338) (254) 1,611 278
Total other comprehensive income (loss), net of tax 23,852 11,142 101,670 46,702
Total comprehensive income (loss) (167,053) 112,580 (207,566) 215,910
Less: comprehensive (gain) loss attributable to the noncontrolling interest:        
Net gain (loss) 0 36 0 328
Total comprehensive income (loss) attributable to Ambac Financial Group, Inc. $ (167,053) $ 112,616 $ (207,566) $ 216,238
Earnings Per Share, Basic $ (4.20) $ 2.24 $ (6.82) $ 3.75
Earnings Per Share, Diluted $ (4.20) $ 2.22 $ (6.82) $ 3.74