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Consolidated Balance Sheets (Debtor-In-Possession) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets:    
Fixed income securities, at fair value $ 5,872,977 $ 5,738,125
Fixed income securities pledged as collateral, at fair value 140,104 123,519
Short-term investments 1,066,353 991,567
Other, at cost (approximates fair value) 100 100
Total investments 7,079,534 6,853,311
Cash and cash equivalents 17,379 9,497
Restricted cash and cash equivalents 2,500 2,500
Receivable for securities sold 34,218 23,505
Investment income due and accrued 45,562 45,066
Premium receivables 1,924,925 2,422,596
Reinsurance recoverable on paid and unpaid losses 158,097 136,986
Deferred ceded premium 232,935 264,858
Subrogation recoverable 739,658 714,270
Deferred acquisition costs 238,225 250,649
Loans 20,271 20,167
Derivative assets 248,950 290,299
Other assets 127,174 82,579
Total assets 27,940,429 29,047,113
Liabilities:    
Liabilities subject to compromise 1,706,518 1,695,231
Unearned premiums 3,408,568 4,007,886
Losses and loss expense reserve 6,444,519 5,288,655
Ceded premiums payable 121,887 141,450
Obligations under investment agreements 556,458 767,982
Obligations under investment repurchase agreements 34,040 37,650
Current taxes 23,435 22,534
Long-term debt 217,345 208,260
Accrued interest payable 114,451 61,708
Derivative liabilities 364,913 348,791
Other liabilities 101,156 124,748
Payable for securities purchased 17,849  
Total liabilities 30,014,410 30,401,341
Stockholders' deficit:    
Preferred stock    
Common stock 3,080 3,080
Additional paid-in capital 2,172,027 2,187,485
Accumulated other comprehensive income 509,300 291,774
Accumulated deficit (5,001,201) (4,042,335)
Common stock held in treasury at cost (411,419) (448,540)
Total Ambac Financial Group, Inc. stockholders' deficit (2,728,213) (2,008,536)
Noncontrolling interest 654,232 654,308
Total stockholders' deficit (2,073,981) (1,354,228)
Total liabilities and stockholders' deficit 27,940,429 29,047,113
Variable Interest Entity [Member]
    
Assets:    
Fixed income securities, at fair value 2,023,513 1,904,361
Restricted cash and cash equivalents 48,319 2,098
Investment income due and accrued 4,087 4,065
Loans 14,651,253 16,005,066
Derivative assets   4,511
Intangible assets 318,180  
Other assets 25,649 10,729
Liabilities:    
Long-term debt 15,496,820 16,101,026
Accrued interest payable 3,465 3,425
Derivative liabilities 1,371,856 1,580,120
Other liabilities $ 31,130 $ 11,875