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Consolidated Statements Of Operations (Debtor-In-Possession) (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Other-than-temporary impairment losses:    
Total revenues$ 25,717$ 361,156$ 377,195$ 243,187
Expenses:    
Total expenses before reorganization items17,696285,0721,256,671914,754
Pre-tax gain (loss) from continuing operations before reorganization items8,02176,084(879,476)(671,567)
Reorganization items, net8,519 39,794 
Pre-tax (loss) gain from continuing operations(498)76,084(919,270)(671,567)
Provision for income taxes75,0116577,90350
Net (loss) income(75,509)76,019(997,173)(671,617)
Less: net (loss) income attributable to the noncontrolling interest(2)1345(13)
Net (loss) income attributable to Ambac Financial Group, Inc.(75,507)76,006(997,218)(671,604)
Net (loss) income per share attributable to Ambac Financial Group, Inc. common shareholders$ (0.25)$ 0.25$ (3.30)$ (2.29)
Net (loss) income per diluted share attributable to Ambac Financial Group, Inc. common shareholders$ (0.25)$ 0.25$ (3.30)$ (2.29)
Weighted-average number of common shares outstanding:    
Basic302,467,255302,177,506302,429,879293,542,268
Diluted302,467,255302,177,506302,429,879293,542,268
Financial Guarantee [Member]
    
Revenues:    
Net premiums earned102,055143,085293,125435,321
Net investment income81,58869,840241,217256,438
Other-than-temporary impairment losses:    
Total other-than-temporary impairment losses(17,729)(8,461)(37,235)(49,706)
Portion of loss recognized in other comprehensive income7,6591,8777,8744,286
Net other-than-temporary impairment losses recognized in earnings(10,070)(6,584)(29,361)(45,420)
Net realized investment gains4,7222,0532,27275,473
Change in fair value of credit derivatives:    
Realized gains (losses) and other settlements3,8294,86213,376(2,762,509)
Unrealized gains6764,5506,5132,806,963
Net change in fair value of credit derivatives4,5059,41219,88944,454
Other (loss) income(4,963)186,85932,567100,713
Income (loss) on variable interest entities55,00826,37751,236(504,873)
Expenses:    
Losses and loss expenses(60,238)165,3961,055,807577,874
Underwriting and operating expenses40,34041,20094,552150,627
Interest expense31,13127,49288,84634,378
Financial Services [Member]
    
Change in fair value of credit derivatives:    
Investment income9,0398,42521,36526,554
Derivative products(215,774)(78,368)(260,362)(207,552)
Other-than-temporary impairment losses:    
Total other-than-temporary impairment losses(1,942) (1,942)(3,079)
Portion of loss recognized in other comprehensive income1,125 1,125 
Net other-than-temporary impairment losses recognized in earnings(817) (817)(3,079)
Net realized investment gains3624645,85367,706
Net mark-to-market losses on non-trading derivative contracts   (14,295)
Expenses:    
Interest from investment and payment agreements1,9433,9516,15813,742
Other expenses2,7193,4608,04010,211
Corporate And Other [Member]
    
Change in fair value of credit derivatives:    
Other (loss) income621142111,575
Other-than-temporary impairment losses:    
Net realized (losses) gains (521) 10,172
Expenses:    
Other expenses1,80113,6953,26838,288
Interest expense $ 29,878 $ 89,634