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Consolidated Balance Sheets (Debtor-In-Possession) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Assets:  
Fixed income securities, at fair value$ 5,976,941$ 5,738,125
Fixed income securities pledged as collateral, at fair value262,032123,519
Short-term investments824,126991,567
Other, at cost (approximates fair value)100100
Total investments7,063,1996,853,311
Cash and cash equivalents21,3169,497
Restricted cash and cash equivalents2,5002,500
Receivable for securities sold36,08523,505
Investment income due and accrued41,00845,066
Premium receivables2,103,1932,422,596
Reinsurance recoverable on paid and unpaid losses154,141136,986
Deferred ceded premium229,451264,858
Subrogation recoverable714,496714,270
Deferred acquisition costs225,429250,649
Loans20,03520,167
Derivative assets205,215290,299
Other assets126,67282,579
Total assets27,626,58229,047,113
Liabilities:  
Liabilities subject to compromise1,707,4881,695,231
Unearned premiums3,520,8014,007,886
Losses and loss expense reserve6,359,4095,288,655
Ceded premiums payable120,843141,450
Obligations under investment agreements556,204767,982
Obligations under investment repurchase agreements34,04037,650
Current taxes98,53222,534
Long-term debt220,440208,260
Accrued interest payable141,16261,708
Derivative liabilities456,522348,791
Other liabilities107,242124,748
Payable for securities purchased7,481 
Total liabilities29,807,15830,401,341
Stockholders' deficit:  
Preferred stock  
Common stock3,0803,080
Additional paid-in capital2,172,0272,187,485
Accumulated other comprehensive income478,218291,774
Accumulated deficit(5,076,708)(4,042,335)
Common stock held in treasury at cost(411,419)(448,540)
Total Ambac Financial Group, Inc. stockholders' deficit(2,834,802)(2,008,536)
Noncontrolling interest654,226654,308
Total stockholders' deficit(2,180,576)(1,354,228)
Total liabilities and stockholders' deficit27,626,58229,047,113
Variable Interest Entity [Member]
  
Assets:  
Fixed income securities, at fair value2,106,4471,904,361
Restricted cash and cash equivalents42,8132,098
Investment income due and accrued1,3224,065
Loans14,255,45116,005,066
Derivative assets 4,511
Intangible assets254,163 
Other assets23,64610,729
Liabilities:  
Long-term debt14,638,18316,101,026
Accrued interest payable7003,425
Derivative liabilities1,816,6271,580,120
Other liabilities$ 21,484$ 11,875