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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended 66 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2020
Dec. 31, 2017
Proceeds From Issuance of Tier II Notes                   $ 0 $ 0 $ 240,000    
Cash flows from operating activities:                            
Net income (loss) attributable to common stockholders $ (14,000) $ (108,000) $ (35,000) $ (280,000) $ (110,000) $ 66,000 $ (128,000) $ (43,000)   (437,000) (216,000) 186,000    
AMPS Exchange Loss Based on Carry Value                   0 0 82,000    
Net income (loss)                   (437,000) (216,000) 267,000    
Adjustments to reconcile net income to net cash used in operating activities:                            
Depreciation and amortization                   1,000 0 1,000    
Amortization of bond premium and discount                   (15,000) (63,000) (137,000)    
Share-based compensation                   11,000 12,000 12,000    
Deferred income taxes                   (9,000) 1,000 7,000    
Current income taxes                   17,000 35,000 (35,000)    
Unearned premiums, net                   (48,000) (132,000) (163,000)    
Losses and loss expenses, net                   76,000 (364,000) (1,633,000)    
Ceded premiums payable                   (3,000) (4,000) (5,000)    
Premium receivables                   44,000 77,000 91,000    
Accrued interest payable                   93,000 87,000 9,000    
Amortization of insurance intangible assets 16,000 14,000 14,000 13,000 15,000 17,000 226,000 36,000   57,000 295,000 107,000    
Net realized investment gains (2,000) (2,000) (10,000) (8,000) (9,000) (18,000) (36,000) (17,000)   (22,000) (81,000) (108,000)    
Net realized gains (losses) on extinguishment of debt                   0 0 (3,000)    
Other, net                   59,000 79,000 68,000    
Net cash used in operating activities                   (175,000) (311,000) (1,543,000)    
Cash flows from investing activities:                            
Proceeds from sales of bonds                   1,109,000 1,212,000 1,248,000    
Proceeds from matured bonds                   137,000 379,000 432,000    
Purchases of bonds                   (975,000) (959,000) (528,000)    
Proceeds from sales of other invested assets                   374,000 81,000 159,000    
Purchases of other invested assets                   (475,000) (137,000) (140,000)    
Change in short-term investments                   158,000 (218,000) 127,000    
Change in cash collateral receivable                   0 100,000 (58,000)    
Proceeds From Financial Guaranty Variable Interest Entity Assets                   178,000 543,000 349,000    
Payments to Acquire Businesses, Net of Cash Acquired                   (74,000)        
Other, net                   1,000 (2,000) 0    
Net cash provided by investing activities                   432,000 1,000,000 1,588,000    
Cash flows from financing activities:                            
Proceeds from Sale of Senior Surplus Notes                   0 0 24,000    
Paydown of Ambac Note                   (121,000) (178,000) (214,000)    
Paydown Of Variable Interest Entity Secured Borrowing                   0 0 74,000    
Payments for extinguishment of surplus notes                   0 0 (191,000)    
Payments of Debt Issuance Costs                   0 0 (9,000)    
AMPS Proceeds                   0 19,000 0    
AMPS Exchange Cash Paid                 $ (11,000) 0 0 (11,000)    
Payment, Tax Withholding, Share-based Payment Arrangement                   (3,000) (3,000) (1,000)    
Payments for Repurchase of Warrants                         $ (8,000)  
Paydown of Financial Guaranty Variable Interest Entity Liabilities                   (178,000) (542,000) (349,000)    
Net Cash Provided by (Used in) Financing Activities                   (303,000) (691,000) (585,000)    
Effect of Exchange Rate on Cash and Cash Equivalents                   0 0 0    
Cash and Cash Equivalents, Period Increase (Decrease)                   (46,000) (2,000) (541,000)    
Cash and cash equivalents end of period 20,000       24,000         20,000 24,000 63,000 20,000  
Supplemental disclosure of cash flow information                            
Income Taxes Paid                   11,000 21,000 35,000    
Cash payments related to reorganization items:                            
Variable interest entity activities (3,000) $ 0 $ 0 $ (3,000) (7,000) $ (11,000) $ (3,000) $ (16,000)   (5,000) (38,000) (3,000)    
Increase (Decrease) in Derivative Assets and Liabilities                   6,000 (1,000) (17,000)    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 35,000       81,000         35,000 81,000 83,000 35,000 $ 625,000
Proceeds From Issuance of Ambac UK Debt                   0 12,000 0    
Ambac Financial Group, Inc Parent Company Only [Member]                            
Cash flows from operating activities:                            
Net income (loss) attributable to common stockholders                   (437,000) (216,000) 186,000    
Net income (loss)                   (437,000) (216,000) 186,000    
Adjustments to reconcile net income to net cash used in operating activities:                            
Amortization of bond premium and discount                   (6,000) (6,000) (7,000)    
Share-based compensation                   11,000 12,000 12,000    
Current income taxes                   30,000 15,000 (15,000)    
Net realized investment gains                   1,000 2,000 2,000    
Other, net                   (10,000) (6,000) 0    
Net cash used in operating activities                   11,000 16,000 32,000    
Cash flows from investing activities:                            
Proceeds from matured bonds                   46,000 86,000 230,000    
Purchases of bonds                   (45,000) (2,000) (137,000)    
Change in short-term investments                   89,000 (125,000) (123,000)    
Payments to Acquire Businesses, Net of Cash Acquired                   (74,000)        
Net cash provided by investing activities                   16,000 (22,000) (21,000)    
Cash flows from financing activities:                            
AMPS Exchange Cash Paid                   0        
Cash and Cash Equivalents, Period Increase (Decrease)                   (2,000) (6,000) 11,000    
Cash and cash equivalents end of period $ 7,000       $ 9,000         $ 7,000 9,000 15,000 $ 7,000  
Supplemental disclosure of cash flow information                            
Income Taxes Paid                     $ 1,000 $ 4,000