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Consolidated Statements of Total Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Net premiums earned $ 99,005 $ 51,911 $ 13,869
Commission income 92,023 51,281 30,695
Program fees 13,506 8,437 3,095
Net investment income:      
Net investment income 14,448 13,159 4,503
Realized Investment Gains (Losses) (497) 19 (62)
Net gains (losses) on derivative contracts 4,016 (279) 935
Net realized gains on extinguishment of debt (497) 19 (13,710)
Other revenue 13,314 200 577
Total revenues and other income 235,815 124,728 53,612
Loss and loss adjustment expenses (benefit) 72,626 36,712 9,071
Expenses:      
Policy acquisition costs 23,666 10,557 2,535
Commission expenses 40,876 29,465 17,641
Intangible amortization 17,602 4,152 2,921
General and Administrative Expense 129,166 66,985 56,278
Depreciation expense 2,345 1,078 872
Interest expense 9,379 0 0
Total expenses 295,660 148,949 89,318
Pretax income (loss) from continuing operations (59,845) (24,221) (35,706)
Provision (benefit) for income taxes from continuing operations (924) (989) (462)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total (58,921) (23,232) (35,244)
Noncontrolling interest (361) (1,319) (871)
Discontinued operations (497,167) 28,183 557,364
Net income (loss) (556,088) 4,951 522,120
AMPS Gain on Purchase of Shares     1,131
Net income (loss) attributable to Ambac shareholders (556,449) 3,632 522,380
Other comprehensive income (loss), after tax      
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (58,921) (23,232) (35,244)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Reclassification Adjustment from AOCI for Derecognition, after Tax (356) (88) 340
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax (4,939) 1,569 (933)
Total other comprehensive income (loss), net of income tax (28,390) 92,797 (310,454)
Total comprehensive income (loss), net of income tax (584,478) 97,748 211,666
Less: net (gain) loss attributable to noncontrolling interest      
Total comprehensive income (loss) attributable to Ambac shareholders $ (581,765) $ 96,429 $ 211,926
Income (Loss) from Continuing Operations, Per Basic Share $ (0.13) $ (0.43) $ (0.74)
Income (Loss) from Continuing Operations, Per Diluted Share (0.13) (0.43) (0.74)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (10.58) 0.62 12.22
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share (10.58) 0.62 12.22
Basic (10.71) 0.18 11.48
Diluted $ (10.71) $ 0.18 $ 11.48
Weighted Average Number of Shares Outstanding, Basic 46,969,708 45,636,649 45,719,906
Weighted Average Number of Shares Outstanding, Diluted 46,969,708 45,636,649 45,719,906
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ (361) $ (1,319) $ (871)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest 3,074    
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax (939) 51,184 (225,341)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax (22,156) 40,132 (84,520)
Net income (loss) from discontinued operations (497,167) 28,183 558,495
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic $ (59,282) $ (24,551) $ (36,115)