Comprehensive Income

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Comprehensive Income

5. COMPREHENSIVE INCOME

The following tables detail the changes in the balances of each component of accumulated other comprehensive income for the affected periods:

	Unrealized Gains (Losses) on Available- for-Sale Securities (1)			Amortization  of Postretirement Benefit (1)		Gain (Loss) on Foreign  Currency Translation (1)			Total
Successor Ambac	Two months ended June 30, 2013			Two months ended June 30, 2013		Two months ended June 30, 2013			Two months ended June 30, 2013
Balance at May 1, 2013	$	—		$	—	$	—		$	—
Other comprehensive income before reclassifications		(72,511	)		—		(12,524	)		(85,035	)
Amounts reclassified from accumulated other comprehensive income		(18,472	)		—		—			(18,472	)
Net current period other comprehensive income		(90,983	)		—		(12,524	)		(103,507	)
Balance at June 30, 2013	$	(90,983	)	$	—	$	(12,524	)	$	(103,507	)

	Unrealized Gains (Losses) on Available- for-Sale Securities (1)						Amortization of Postretirement Benefit (1)						Gain (Loss) on Foreign Currency Translation (1)						Total
Predecessor Ambac	One month ended April 30, 2013			Four months ended April 30, 2013			One month ended April 30, 2013			Four months ended April 30, 2013			One month ended April 30, 2013			Four months ended April 30, 2013			One month ended April 30, 2013			Four months ended April 30, 2013
Beginning Balance	$	745,370		$	651,272		($	5,052	)	($	5,860	)	($	20,247	)	($	20,027	)	$	720,071		$	625,385
Other comprehensive income before reclassifications		88,516			188,696			—			—			(437	)		(657	)		88,079			188,039
Amounts reclassified from accumulated other comprehensive income		(7,267	)		(13,349	)		(623	)		185			—			—			(7,890	)		(13,164	)
Elimination of Predecessor Ambac Shareholder Equity Accounts (2)		(826,619	)		(826,619	)		5,675			5,675			20,684			20,684			(800,260	)		(800,260	)
Net current period other comprehensive income		(745,370	)		(651,272	)		5,052			5,860			20,247			20,027			(720,071	)		(625,385	)
Balance at April 30, 2013	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

(1) All amounts are net of tax and noncontrolling interest. Amounts in parentheses indicate debits.

(2) See Note 2, Fresh Start Financial Statement Reporting, for additional information.

The following table details the significant amounts reclassed out of each component of accumulated other comprehensive income for the affected periods:

	Amount Reclassified from  Accumulated Other Comprehensive Income (1)
Details about Accumulated Other Comprehensive Income Components	Successor Ambac – Two months ended June 30, 2013		Predecessor Ambac – One month ended April 30, 2013			Predecessor Ambac – Four months ended April 30, 2013			Affected Line Item in the Consolidated Statement of Total Comprehensive Income
Unrealized Gains (Losses) on Available-for-Sale Securities
	$	18,472	$	7,267		$	13,349		Net realized investment gains
		—		—			—		Tax (expense) benefit
	$	18,472	$	7,267		$	13,349		Net of tax and noncontrolling interest (3)
Amortization of Postretirement Benefit
Prior service cost	$	—	$	92		$	(1,616	)	Underwriting and operating expenses (2)
Actuarial gains (losses)		—		(173	)		727		Underwriting and operating expenses (2)
		—		(81	)		(889	)	Total before tax
		—		(704	)		(704	)	Tax (expense) benefit
	$	—	$	623		$	(185	)	Net of tax and noncontrolling interest (3)
Total reclassifications for the period	$	18,472	$	(7,890	)	$	(13,164	)	Net of tax and noncontrolling interest (3)

(1) Amounts in parentheses indicate debits to the Consolidated Statement of Comprehensive Income.

(2) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost.

(3) Amount agrees with amount reported as reclassifications from AOCI in the disclosure about changes in AOCI balances.