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Quarterly Information
 12 Months Ended
Dec. 31, 2025
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information
20.    QUARTERLY INFORMATION (Unaudited)
Our unaudited quarterly results of operations for the year ended December 31, 2024 and 2023 are being included because of our held for sale treatment in the fourth quarter of 2024 resulting in reporting discontinued operations and are summarized in the table below.
2024 Quarters2023 Quarters
($ in thousands)FirstSecondThirdFourthFirstSecondThirdFourth
Gross premiums written$96,422 $111,206 $115,154 $59,988 $51,823 $53,229 $77,499 $90,736 
Net premiums written26,247 32,289 32,754 (2,608)9,187 9,120 24,768 36,750 
Net premiums earned25,579 27,054 27,441 18,931 6,995 7,785 12,187 24,945 
Commission income17,729 13,221 23,064 38,009 14,486 10,032 14,572 12,191 
Program fees2,567 3,328 3,622 3,989 1,485 2,076 2,415 2,461 
Net investment income3,640 3,763 3,488 3,557 2,881 3,027 3,663 3,588 
Net investment gains (losses), including impairments— 4,535 (577)(4,455)38 (20)— 1 
Net gains (losses) on derivative contracts(48)(438)6,545 (2,043)(175)(146)(27)69 
Other revenue (loss)83 (426)6,422 7,235 37 101 (5)67 
Losses and loss expenses (benefit)19,355 23,024 20,421 9,826 4,659 5,739 9,509 16,805 
Policy acquisition costs4,424 5,399 5,993 7,850 1,399 1,351 1,956 5,851 
Commission expense9,822 7,888 9,499 13,667 7,597 6,021 8,455 7,392 
General & administrative expense, including depreciation expense18,050 28,336 44,681 40,444 11,839 17,117 17,914 21,193 
Intangible amortization1,139 1,139 6,423 8,901 967 966 1,079 1,139 
Interest expense— — 3,745 5,634 — — — — 
Net income (loss) from continuing operations(3,369)(14,719)(19,890)(20,943)(813)(8,725)(4,595)(9,099)
Net income (loss) from continuing operations attributable to Ambac shareholders(4,070)(14,932)(18,117)(22,163)(1,482)(8,835)(5,026)(9,208)
Net income (loss) from discontinued operations net of tax (including loss on disposal of $570,145 in 2024)24,140 14,182 (9,387)(526,102)(35,876)(9,300)66,190 7,169 
Net income (loss) attributable to Ambac shareholders$20,070 $(750)$(27,504)$(548,265)$(33,417)$(13,132)$65,869 $(15,688)
Net income (loss) from continuing operations per share attributable to Ambac shareholders
Basic$(0.09)$(0.33)$(0.43)$0.70 $(0.03)$(0.20)$(0.11)$(0.10)
Diluted$(0.09)$(0.33)$(0.43)$0.70 $(0.03)$(0.20)$(0.11)$(0.10)
Net income (loss) from discontinued operations per share attributable to Ambac shareholders
Basic$0.53 $0.31 $(0.20)$(10.93)$(0.70)$(0.09)$1.55 $(0.14)
Diluted$0.53 $0.31 $(0.20)$(10.93)$(0.70)$(0.09)$1.55 $(0.14)
Net income (loss) per share attributable to Ambac shareholders
Basic0.44 (0.02)(0.63)(10.23)(0.73)(0.29)1.44 (0.24)
Diluted0.44 (0.02)(0.63)(10.23)(0.73)(0.29)1.44 (0.24)
Net income (loss) attributable to Ambac shareholders$20,070 $(750)$(27,504)$(548,265)$(33,417)$(13,132)$65,869 $(15,688)
Adjustment for Redeemable NCI53 (184)(2,402)55,762 212 (294)19 4,855 
Numerator of basic and diluted EPS$20,123 $(934)$(29,906)$(492,503)$(33,205)$(13,426)$65,888 $(10,833)