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Consolidated Balance Sheets (Debtor-In-Possession) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets:    
Fixed income securities, at fair value $ 5,830,289 $ 5,738,125
Fixed income securities pledged as collateral, at fair value (amortized cost of $261,958 in 2011 and $120,918 in 2010) 263,530 123,519
Short-term investments (amortized cost of $783,015 in 2011 and $991,567 in 2010) 783,071 991,567
Other (approximates fair value) 100 100
Total investments 6,876,990 6,853,311
Cash 15,999 9,497
Restricted cash 2,500 2,500
Receivable for securities 38,164 23,505
Investment income due and accrued 45,328 45,066
Premium receivables 2,028,479 2,422,596
Reinsurance recoverable on paid and unpaid losses 159,902 136,986
Deferred ceded premium 221,303 264,858
Subrogation recoverable 659,810 714,270
Deferred acquisition costs 223,510 250,649
Loans 18,996 20,167
Derivative assets 175,207 290,299
Other assets 104,300 82,579
Total assets 27,113,695 29,047,113
Liabilities:    
Liabilities subject to compromise 1,707,421 1,695,231
Unearned premiums 3,457,157 4,007,886
Losses and loss expense reserve 7,044,070 5,288,655
Ceded premiums payable 115,555 141,450
Obligations under investment agreements 523,046 767,982
Obligations under investment repurchase agreements 23,500 37,650
Current taxes 95,709 22,534
Long-term debt 223,601 208,260
Accrued interest payable 170,169 61,708
Derivative liabilities 414,508 348,791
Other liabilities 107,441 124,748
Payable for securities purchased 1,665   
Total liabilities 30,263,228 30,401,341
Stockholders' deficit:    
Preferred stock, par value $0.01 per share; authorized shares-4,000,000; issued and outstanding shares-none      
Common stock, par value $0.01 per share; authorized shares-650,000,000 at December 31, 2011 and 2010; issued and outstanding shares-308,016,764 at December 31, 2011 and 2010 3,080 3,080
Additional paid-in capital 2,172,027 2,187,485
Accumulated other comprehensive income 463,259 291,774
Accumulated deficit (6,039,922) (4,042,335)
Common stock held in treasury at cost, 5,587,953 shares at December 31, 2011 and 5,893,054 shares at December 31, 2010 (411,419) (448,540)
Total Ambac Financial Group, Inc. stockholders' deficit (3,812,975) (2,008,536)
Noncontrolling interest 663,442 654,308
Total stockholders' deficit (3,149,533) (1,354,228)
Total liabilities and stockholders' deficit 27,113,695 29,047,113
Variable Interest Entity [Member]
    
Assets:    
Fixed income securities, at fair value 2,199,338 1,904,361
Restricted cash 2,140 2,098
Investment income due and accrued 4,032 4,065
Loans 14,329,515 16,005,066
Derivative assets   4,511
Other assets 8,182 10,729
Liabilities:    
Long-term debt 14,288,540 16,101,026
Accrued interest payable 3,490 3,425
Derivative liabilities 2,087,052 1,580,120
Other liabilities $ 304 $ 11,875