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DISCONTINUED OPERATION - Net Income (Loss) from Discontinued Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
EXPENSES:                      
Net income (loss) from discontinued operations $ (526,102) $ (9,387) $ 14,182 $ 24,140 $ 7,169 $ 66,190 $ (9,300) $ (35,876) $ (497,167) $ 28,183 $ 557,364
Net income (loss) attributable to Ambac common shareholders                 (497,167) 28,183 558,495
Ambac Assurance Corporation | Discontinued Operations, Held-for-Sale or Disposed of by Sale                      
REVENUES:                      
Net premiums earned                 23,879 26,040 42,383
Net investment income                 133,933 126,957 12,324
Net investment gains (losses), including impairments                 4,416 (22,507) 31,538
Net gains (losses) on derivative contracts                 3,958 (699) 127,630
Net realized gain on extinguishment of debt                 0 0 81,272
Litigation recoveries                 0 0 125,869
Other revenues                 31,096 14,533 30,266
Total revenues                 197,282 144,324 451,282
EXPENSES:                      
Loss and loss adjustment expenses (benefit)                 (45,767) (69,320) (405,534)
Intangible amortization                 30,508 24,736 43,925
General & administrative and other expenses                 57,491 88,306 84,455
Interest expense                 63,587 64,025 168,158
Total expenses                 105,819 107,747 (108,996)
Pretax income                 91,463 36,577 560,278
Provision for income taxes                 18,485 8,394 2,914
Loss on disposal                 (570,145) 0 0
Net income (loss) from discontinued operations                 (497,167) 28,183 557,364
Gain on purchase of AMPS                 0 0 1,131
Net income (loss) attributable to Ambac common shareholders                 $ (497,167) $ 28,183 $ 558,495